Markets


IEA cuts oil demand growth outlook for 2017
- August 19, 2016

Saudi Arabian oil minister Kahlid al-Falih was quoted Thursday as saying producers could use next month's OPEC meeting to discuss "any possible action" on stabilising markets, despite the record Saudi production levels last month. The supply side may also pressure middle distillates as stockpiles remain high across the world, especially in the OECD, where inventories are now around 80 million barrels higher than the latest five-year average, OPEC commented. (more...)
Fed minutes: Conditions could "soon warrant" rate hike
- August 19, 2016

Wall Street recovered. In 3.06pm trading in NY, the Dow Jones Industrial Average eked out a 0.02% gain. Low rates have pushed up stock prices and any change might cool investor enthusiasm. MSCI's broadest index of Asia-Pacific shares outside Japan.MIAPJ0000PUS was up 0.4 per ent as investors added to positions after a 14 per cent rise over the last two months. (more...)
Clinton's tax return shows $10.6 million in income, 31% rate
- August 19, 2016

U.S. Democratic presidential nominee Hillary Clinton speaks at Futuramic Tool & Engineering in Warren, Michigan August 11, 2016. Hillary Clinton's income took a huge hit as she ran for president last year, dropping to less than half of what she made the year before, according to tax returns her presidential campaign released Friday. (more...)
Milwaukee police officer who shot Sylville Smith identified, threats follow
- August 19, 2016

With him working the job he works and the hours he put in and me being focused on my music career and work in the community, we didn't get the opportunity [to talk about his police career]. "I want to take a moment to clarify something from Monday. I regret that second part of her statement was not included". Many social media users who shared the photo of Heaggan-Brown in uniform standing in front of a patrol auto made death threats against the cop. (more...)
Governor's attorney general pick is Kathleen Kane's ex-chief deputy Governor's attorney general pick is Kathleen Kane's ex-chief deputy
- August 19, 2016

MSNBC's Hardball host Chris Matthews had always been a big admirer of now-former Democratic Pennsylvania Attorney General Kathleen Kane , so he was naturally beside himself on Tuesday night as he gave a news brief on Kane being found guilty of nine criminal charges stemming from a series of leaks to a grand jury concerning a legal and political rival. (more...)
Cisco to cut back on workforce Cisco to cut back on workforce
- August 19, 2016

The core switch business grew 2 percent Dollars 3.8 billion, while routing revenues fell 6 percent to USD 1.9 billion. Yesterday, the company came under the limelight as it announced that it has made a decision to lay off as many as 5,500 employees (7% of its workforce), starting this summer. (more...)
Bank of England Tries To Make Brexit Transition As Smooth As Possible
- August 19, 2016

Sterling sank towards $1.30 on Friday, its weakest in three weeks, after stronger-than-expected jobs numbers in the United States strengthened speculation USA interest rates would rise this year. "The key point for us after this data is that the USA side of the equation has not so far come into play on sterling", said Sam Lynton-Brown, a strategist with BNP Paribas in London. (more...)
Raptor Pharmaceutical Corp. (NASDAQ:RPTP), Amarin Corporation PLC Raptor Pharmaceutical Corp. (NASDAQ:RPTP), Amarin Corporation PLC
- August 19, 2016

Shares of Raptor Pharmaceuticals ( RPTP ) were jumping 10.65% to $7.64 in late morning trading as Retrophin (RTRX) is considering a possible acquisition of the Norvato, CA-based biopharmaceutical company. 1 Month Ago, shares have been suggested as "BUY" from "0" brokerage firms and recommended as "Strong Buy" by "3" brokerage firms. The Corporation has a Mean Rating of 2.33 based on the Reuters Analysts consensus issuing ratings. (more...)
Uber's Self-Driving Cars Begins Pilot, Thanks to an Israeli's Startup
- August 19, 2016

According to Uber , initially the driverless cars deployed in the city will be Ford Fusions and Volvo XC90 SUVs; the latter is the auto the joint venture with Volvo is focused on. These cars will be supervised by humans from the time being. That program has taken an intriguing step forward with news that Uber has purchased Otto, a Silicon Valley start-up that had been working on driverless-truck technology. (more...)
Celebrity Big Brother loses TWO contestants in one night Celebrity Big Brother loses TWO contestants in one night
- August 19, 2016

Viewers will tonight see the moment Celebrity Big Brother housemates react to Christopher Biggins' removal following an alleged use of offensive comments. Biggins was assigned the first task of the new series, just hours after entering the house on launch night. He belted out the hit tune out to TV personality Heavy D. (more...)
Donald Trump makes first ad buys in battleground states, including Florida
- August 19, 2016

The two sides obviously have different ideas about whether following Obama's lead is a good thing - 59% of Clinton supporters do, 78% of Trump supporters don't, according to Pew - but when thinking about how the two sides interpret the candidates' positions and measure their trustworthiness, this little nugget underlines just how differently Americans perceive not only Clinton and Trump, but some of the core questions animating the campaign. (more...)
Fed suggests rate hike is nearing
- August 19, 2016

While policymakers agree that more economic data is needed before raising rates, some expect a hike will be needed soon, according to the minutes from the United States central bank's 26-27 July policy meeting. A rise in interest rates generally curbs inflation, but it also means that consumers cut back on spending as they do not have as much disposable income. (more...)
Oil prices rise as potential supply cuts remain in focus
- August 19, 2016

The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 2.5 million barrels in the week ended August 12. Nymex reformulated gasoline blendstock for September RBU6, +0.06% - the benchmark gasoline contract - rose by a penny to $1.46 a gallon. Russian Energy Minister Alexander Novak said last week that the nation was open to cooperating to stabilize markets after Saudi Energy Minister Khalid Al-Falih said informal talks next month may lead to ... (more...)
Gold slips on US Fed rate views Gold slips on US Fed rate views
- August 19, 2016

US stocks are opening slightly lower Wednesday with phone companies and utilities continuing to take the biggest losses. "Members generally agreed that, before taking another step in removing monetary accommodation, it was prudent to accumulate more data in order to gauge the underlying momentum in the labor market and economic activity", according to the minutes released in Washington on Wednesday. (more...)
Usain Bolt eyes 200m record in race to immortality Usain Bolt eyes 200m record in race to immortality
- August 19, 2016

On Monday, clinching his third consecutive Olympic gold medal in the 100-meter dash, the world record holder said he had high hopes for his next slated event: the 200-meter. The American was second at 9.89, as Bolt got ahead at the halfway stage and kept going, signalling victory at the finish in his own inimitable style. (more...)
In June, airlines improved on-time performance from 2015
- August 19, 2016

Frequent fliers aren't the only ones fed up with airline computer outages. "Not only may these IT systems be more prone to failure, but they may also be vulnerable to cyberattacks". A pair of US senators from New England are seeking answers from more than a dozen USA airlines in wake of a series of widespread flight cancellations and delays brought on by information technology systems issues. (more...)
Gawker's Nick Denton out of the 'news and gossip business'
- August 19, 2016

United States news and gossip website Gawker .com will shut down after 14 years as its publisher pays the price for losing a $140 million (£106 million) lawsuit involving former pro wrestler Hulk Hogan . Bollea brought the suit after Gawker leaked a sex tape catching him and a friend's then-wife in flagrante delicto in 2012. Gawker's writers were originally anxious about the future of Gawker .com after Univision made it known that they had a place under their conglomeration for ... (more...)
Atlanta mayor to unveil plans for future of Turner Field Atlanta mayor to unveil plans for future of Turner Field
- August 19, 2016

Reed told the reporters, elected officials, neighborhood residents and other guests that the development will make the area one of the most attractive, vibrant, and livable places in the city. Georgia State hopes that Turner Field will be ready for use by all things Georgia State next year. "The acquisition of the Turner Field site by Georgia State University requires Board of Regents approval, and we are working closely with the board on the important next steps of the process", said Becker. (more...)
Analysts Predict $-0.12 EPS For Callaway Golf Company (NYSE:ELY)
- August 19, 2016

The stock's market capitalization is 159.32B. During the last trading period, the peak price level of the share was $6.57; it means it is top price of day and down price level of the share was $6.21; it means minimum price of the day at which price share traded. (more...)
Com will be shut down next week
- August 19, 2016

Hogan , whose real name is Terry Bollea, was awarded $140 million in damages in March stemming from a Gawker news article published in 2012 that included a clip of him having sex. But the story was published to shed light on what Thiel was trying to destroy it. The company has other blogs apart from its namesake, including the women-focused Jezebel , tech-oriented Gizmodo and sports site Deadspin . (more...)