Markets


About a quarter of USA fuel output shut as Harvey churns on About a quarter of USA fuel output shut as Harvey churns on
- August 31, 2017

Crude inventories declined to 457.8 million barrels and were down 7.6% on the year. Hurricane Katrina caused significant damage to USA refinery and production capacity in the Gulf of Mexico, and forced oil prices to briefly spike to above $70 per barrel in September 2005. (more...)
Apple in talks for Toshiba chip business Apple in talks for Toshiba chip business
- August 31, 2017

Frayed trust and wasted time may mean that both Toshiba and Western Digital , the world's No. 2 and No. 3 NAND flash memory producers, would fall further behind industry leader Samsung Electronics, which is pouring billions of dollars into production upgrades to stay ahead. (more...)
Note ban served its objective, next step to cleanse political funding: Jaitley Note ban served its objective, next step to cleanse political funding: Jaitley
- August 31, 2017

According to former Finance Minister P Chidambaram , the RBI should be censured for permitting the move. He said that the objective of the note ban was to bring down cash in economy, bring digitisation, expand tax base and fight black money . (more...)
Harvey Leads to Higher Prices at the Gas Pump Harvey Leads to Higher Prices at the Gas Pump
- August 31, 2017

More than 30 inches (76 cm) fell in the Houston area in 48 hours and a lot more rain is forecast, according to the National Weather Service. Since the early 1990s, there have now been 11 major storms that have disrupted oil and gas operations in one way or another. (more...)
Chidambaram, Mamata slam Centre over demonetisation after RBI report Chidambaram, Mamata slam Centre over demonetisation after RBI report
- August 31, 2017

Mumbai/Delhi: The demonetisation of high denomination currency notes announced in November 2016 appears to have failed to achieve its desired results as the provisional data released by the Reserve Bank of India (RBI) on Wednesday showed that around 98.96 per cent of the banned notes came back to the banking system. (more...)
United States consumer confidence reaches 16-year high in August United States consumer confidence reaches 16-year high in August
- August 31, 2017

The Conference Board's index group, which takes into account consumer's views and expectations of the economy both future and present, rose to 122.9 in August from 120 in July, a 16 year high. The rise in confidence was primarily driven by an increase in the present-situation index, which rose to 151.2 in August from a month earlier. Now the consumer optimism is over strength of the current economy and the expectations of policy changes have lost some of their steam. (more...)
US Oil Falls 2% As Refiners Brace For Hurricane Harvey US Oil Falls 2% As Refiners Brace For Hurricane Harvey
- August 31, 2017

Chevron Corp said on Friday it does not expect Hurricane Harvey to affect its U.S. Gulf of Mexico production. Meanwhile, crude prices were somewhat bolstered by bullish news this week, as official US data showed a further decline in crude inventories and the Organization of the Petroleum Exporting Countries indicated it could further extend its deal to cut output. (more...)
Kinsight LLC Sells 50 Shares of Wal-Mart Stores, Inc. (WMT) Kinsight LLC Sells 50 Shares of Wal-Mart Stores, Inc. (WMT)
- August 31, 2017

The stock rose 0.17% or $0.13 reaching $78.9. About 342,357 shares traded. It is down 97.28% since August 30, 2016 and is uptrending. It has outperformed by 55.12% the S&P500. Lj holds 171,066 shares. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares. (more...)
Chico's FAS, Inc. (NYSE:CHS) Dips Under Moving Averages Chico's FAS, Inc. (NYSE:CHS) Dips Under Moving Averages
- August 31, 2017

The Company is also engaged in the sale of merchandise in its domestic and worldwide retail stores, its various Websites and its call center, which takes orders for all of its brands, and through an unaffiliated franchise partner in Mexico. (more...)
Shimla rape-murder: SIT members held after custody death Shimla rape-murder: SIT members held after custody death
- August 31, 2017

Zaidi was leading the special investigation team looking into the rape and murder of a 16-year-old girl in the Kotkhai area of Shimla in early July before the CBI took over the probe into the crime that shook the hill state and saw violent protests. (more...)
Checchi Capital Advisers LLC Reduces Stake in Chevron Corporation (CVX)
- August 31, 2017

Evercore upgraded the stock to "In-Line" rating in Thursday, July 27 report. Leading up to this report, we have seen a -1.22% fall in the stock price over the last 30 days and a 4.23% increase over the past 3 months. Following the sale, the chief financial officer now owns 43,838 shares in the company, valued at approximately $4,866,018. 85 funds opened positions while 212 raised stakes. (more...)
Texas AG receives hundreds of complaints about price gouging Texas AG receives hundreds of complaints about price gouging
- August 31, 2017

Hundreds of Texans have filed price gouging complaints related to Hurricane Harvey , leading to at least nine civil investigative demands by the Texas Attorney General's office as of Tuesday afternoon with more to come, according to the office. (more...)
Gasoline Hits 2-Year High as Harvey Shuts Biggest US Refinery Gasoline Hits 2-Year High as Harvey Shuts Biggest US Refinery
- August 31, 2017

Still, tropical Storm Harvey , which was downgraded from a hurricane, hit refiners harder. USA gasoline futures surged on Monday, after now-Tropical Storm Harvey knocked out nearly 15% of the nation's refinery capacity, with further disruptions likely to come. (more...)
NTPC share sale may fetch around Rs14,000 cr for govt NTPC share sale may fetch around Rs14,000 cr for govt
- August 31, 2017

If that option is exercised, NTPC will raise Rs 14,000 crore. Retail investors will be allocated offer shares at a discount of 5% to the cut off price. Shares of NTPC ended 0.3% lower on Wednesday at Rs 168 on BSE . This was 1.03 times of the 8.24 crore shares reserved for them. Non-retail category was subscribed 100% on the first day of bidding yesterday, 29 August 2017 at an indicative price of Rs 168.02. (more...)
Dollar drops as Yellen steers clear of rate hike talk Dollar drops as Yellen steers clear of rate hike talk
- August 31, 2017

US stocks mostly rose slightly on Friday, lifted by high-dividend paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech. But if governments are mindful of the dangers, "we have reason to hope that the financial system and economy will experience fewer crises and recover from any future crises more quickly". (more...)