Markets


Dollar Falls to Its Lowest Level Since January 2015
- September 01, 2017

Bond yields fell overnight immediately after North Korea launched a missile over Japan . Safe-haven demand weakened as concerns over geopolitical tensions eased after U.S. "The market tone markedly improved as traders adopted a "this too shall pass" attitude", said Stephen Innes, head of Asia Pacific trading at OANDA in Singapore. (more...)
Gas shortage rumors lead to runs on station pumps
- September 01, 2017

Once the refineries are up and running, the price of gas should drop back down. Laredo Police say they will be filing a report on the gas station and they encourage anyone to report this sort of activity to the Texas Attorney General's Office. (more...)
Dow Chemical and DuPont Have Completed a $130 Billion Merger Dow Chemical and DuPont Have Completed a $130 Billion Merger
- September 01, 2017

June 28, 2017 - Dow and DuPont announce that both respective boards support a comprehensive portfolio review for DowDuPont, which is meant to assess current business facts and leverage the knowledge gained over the past year and a half to capture any material value-enhancing opportunities in preparation for the intended creation of three industry-leading companies. (more...)
ND oil not feeling pain from hurricane - yet ND oil not feeling pain from hurricane - yet
- September 01, 2017

The amount of oil could feed refinery operations for around 4 days and "make enough gasoline to fuel US autos for an hour and 15 minutes", he said. While flooding is the primary problem for refineries in Harvey's aftermath, it's not the only one. Gasoline settled up 25.52 cents, or 13.54 per cent, at $2.1399. (more...)
Cold, rainy start to Labor Day Weekend expected for the midstate Cold, rainy start to Labor Day Weekend expected for the midstate
- September 01, 2017

Chance of precipitation is 20%. Monday Night: A 30 percent chance of showers. THURSDAY NIGHT: Cloudy skies and more widespread rain showers develop, with an overnight low temperature of 62 degrees. SundaySunny, with a high near 96. Southwest wind around 6 miles per hour. Saturday night - Mostly clear, with a low around 74. LABOR DAY: Mostly sunny, with a high near 82. (more...)
Hurricane Harvey's Impact on Oil Hurricane Harvey's Impact on Oil
- September 01, 2017

Tropical Storm Harvey further damaged the heart of the USA energy industry on Wednesday, churning into Louisiana after flooding the biggest US refinery in Texas, forcing major pipelines to halt operations and threatening a supply squeeze for weeks. (more...)
New Analyst Ratings For Anglo Pacific Group (LON:APF) New Analyst Ratings For Anglo Pacific Group (LON:APF)
- September 01, 2017

Sanctuary Wealth Advisors Limited Liability Company accumulated 0.01% or 83 shares. (NYSE:NC). New York State Teachers Retirement Systems reported 0% of its portfolio in NACCO Industries, Inc. Indivior Plc (LON:INDV) had its price target upped to 470.00GBX by Numis in a report released 9/1/2017. JP Morgan maintained the stock with "Neutral" rating in Monday, July 18 report. (more...)
US Releases 1 Million Barrels Of Oil From SPR In Harvey's Wake US Releases 1 Million Barrels Of Oil From SPR In Harvey's Wake
- September 01, 2017

Gas stations will eventually have to respond by jacking up prices on consumers, at least temporarily. AltaCorp analyst Nick Lupick said Canadian refinery product pricing is up slightly "but nothing compared to what we have seen in the U.S". (more...)
Volkswagen Group UK launches scrappage schemes for brands Volkswagen Group UK launches scrappage schemes for brands
- September 01, 2017

The scrappage part exchange must be Euro 4 standard or older, have been registered by 31 December, 2009 and owned in the customer's name for more than 90 days. He said VW's scrappage incentives would vary from country to country due to factors such as transport costs and vehicles being cheaper in its home market. (more...)
Tropical Storm Harvey and gasoline Tropical Storm Harvey and gasoline
- September 01, 2017

Oil production is also taking a hit. Tom Kloza, head of global of energy analysis at the Oil Price Information Service , said he expected retail gas prices to go up about 15 cents a gallon, perhaps more along the Gulf Coast. Myers, president and chairman of meteorological firm AccuWeather. The company plans to resume normal operations as conditions improve. It seems that there's another storm brewing, this one named Irma, and it could hit the east coast. (more...)
Local Red Cross urges gifts of cash, not goods, after Harvey Local Red Cross urges gifts of cash, not goods, after Harvey
- September 01, 2017

The contributions will be directed through the American Red Cross Society for Hurricane Harvey relief efforts. The suppliers are being distributed through partner organizations across Texas and Louisiana including Americares, the American Red Cross, Gleaning For The World, Convoy of Hope and Feeding America. (more...)
Analysts Rating Review: AK Steel Holding Corp (AKS)
- September 01, 2017

Odey Asset Management Group Ltd acquired 6,175 shares as Electronic Arts Inc (EA)'s stock rose 23.30%. Soderlund Patrick had sold 8,000 shares worth $759,355 on Monday, May 1. Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 0.86 in total earnings per share . AK Steel Holding Corporation (NYSE:AKS), at its latest closing price of $5.50, it has a price-to-book ratio of 0.00, compared to an industry average at 0.46. (more...)
Nikkei India's services PMI rises 51.2 in August Nikkei India's services PMI rises 51.2 in August
- September 01, 2017

Overall new work increased during August for a 11th successive month amid reports of higher domestic and worldwide demand. Economists will also look for the release Friday of the private Caixin/Markit manufacturing PMI to get a more comprehensive picture of the economy. (more...)
Pizzas delivered by kayak through Harvey floodwaters Pizzas delivered by kayak through Harvey floodwaters
- September 01, 2017

Habib gathered her employees and had them prepare as many pizzas as possible. After gathering a few kayaks , Habib's husband showed up at the restaurant and the Pizza Hut crew quickly got to work making pizzas and loading them into the boats. (more...)
Rockwell Collins, Inc. (COL) Rockwell Collins, Inc. (COL)
- September 01, 2017

MAHONEY COLIN R also sold $1.39 million worth of Rockwell Collins, Inc. CWM LLC boosted its stake in Rockwell Collins by 0.4% in the second quarter. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued. The company declared a dividend that will be paid on Tuesday the 5th of September 2017. (more...)
Analyst Opinion Summary: Dollar General Corporation (DG), McDonald's Corporation (MCD) Analyst Opinion Summary: Dollar General Corporation (DG), McDonald's Corporation (MCD)
- September 01, 2017

Including today's unusual volume, Dollar General Corporation's stock is performing at 3.59% on the year. BMO Capital Markets set a $85.00 price target on shares of Dollar General Corporation and gave the company a hold rating in a research note on Tuesday, August 22nd. (more...)
May, Abe pledge to increase pressure on North Korea May, Abe pledge to increase pressure on North Korea
- September 01, 2017

She added: "There's been an bad lot of speculation about my future which has no basis in it whatsoever". She said: "I'm in this for the long term". But former Tory chairman Grant Shapps said it was "too early" for May to talk about going "on and on" like Margaret Thatcher. (more...)
Gasoline prices increase on Harvey flooding Gasoline prices increase on Harvey flooding
- September 01, 2017

International Brent crude futures were 42 cents lower at $51.47 per barrel, having traded as high as $52.19 earlier in the day. Hedge funds lost faith in oil just before the worst storm to hit the USA since 2004 crippled the heart of energy production in Texas with epic rain and flooding. (more...)
U.S. to Release Oil From Strategic Reserve Due to Harvey
- September 01, 2017

Harvey forced the shutdown of 10 oil refineries along the Gulf Coast, a US energy hub. The window for shipping is closing as conditions deteriorate and Harvey moves east toward refineries and ports in the state. Harvey isn't the first big storm to hit the refinery-rich Gulf Coast, but the oil industry has undergone big changes since the last major interruption from Hurricane Ike in 2008. (more...)
United States gasoline hits $2/gallon as Harvey wreaks havoc on refiners; crude weak United States gasoline hits $2/gallon as Harvey wreaks havoc on refiners; crude weak
- September 01, 2017

A spokeswoman said it would be delivered directly by pipeline directly to the Phillips 66 refinery in Lake Charles, La. About 4.4 million barrels of United States refining capacity have been shut by Harvey, based on company reports and Reuters estimates. (more...)