Markets


Gas prices stay low for Labor Day Gas prices stay low for Labor Day
- September 06, 2016

Today's national average price of $2.22 per gallon is an increase of one penny per gallon compared to one week ago, nine cents per gallon compared to one month ago but 23 cents less than past year. Now, with the usual drop in gasoline consumption following the Labor Day holiday, drivers can expect to prices decline. A strong dollar, coupled with concerns that the Federal Reserve may increase interest rates, has also caused prices to spike upwards to $2.24 a gallon going into Labor Day-still, ... (more...)
G20 - Xi Jinping Urges Leaders to Avoid 'Empty Talk'
- September 06, 2016

China made trade a theme of the Group of 20 meeting even as Beijing faces complaints it is flooding world markets with low-priced steel, fueling demands for trade curbs. Quarrels with Chinese officials broke out on the tarmac and at other venues over access by USA officials and reporters. Obama used an alternative exit, but quarrels broke out on the tarmac and at other venues over access by US officials and the traveling press. (more...)
Talks to accelerate over European Union citizens in UK Talks to accelerate over European Union citizens in UK
- September 06, 2016

Her government's newly-appointed Brexit minister Michael Russell said: "This is the issue between a hard Brexit and soft Brexit". "But what we've heard instead hasn't been a strategy, it hasn't been a thought out plan, it's just been more empty platitudes from a Government that just continues to make it up as it goes along". (more...)
Putin: Moscow and Washington could strike Syria deal within days
- September 06, 2016

Obama defined his 20-minute meeting with Putin as "frank and direct", both on the Syrian situation - about which he called their exchange "productive" - as well as the situation in Ukraine. Russian President Vladimir Putin and his Turkish counterpart, Recep Tayypip Erdogan, met to discuss the conflict in Syria and to try to mend frayed relations. (more...)
Rooney happy with deep England role Rooney happy with deep England role
- September 06, 2016

However, for much of the lacklustre contest it looked like England would be frustrated with a re-run of the goalless draw the teams shared in their last clash during the group stage at Euro 2016. And if you are playing well and contributing, that's great'. "I must admit, he did play a little deeper than I thought he'd play". "We controlled everything, we didn't allow Norway to get into the game and we didn't allow them any scoring chances", said manager Joachim Loew. (more...)
Record drop in food prices may not be sustained Record drop in food prices may not be sustained
- September 06, 2016

For the moment, however, the decline seems set to continue with grocery chain Morrisons announcing on Sunday that they will be cutting the cost of their essential meat and poultry products by 12%, alongside price reductions on more than 30 fruit and vegetable lines. (more...)
Tribe files emergency request to stop Dakota Access Pipeline
- September 06, 2016

The proposed Dakota Access Pipeline would transport crude oil from North Dakota through South Dakota and Iowa and into IL. A protestor is treated after being pepper sprayed by private security contractors on land being graded for the Dakota Access Pipeline (DAPL ) oil pipeline, near Cannon Ball, North Dakota, September 3, 2016. (more...)
Japan warns UK: Companies could leave over Brexit
- September 06, 2016

A points-based immigration system championed by Brexit campaigners has been dismissed by Theresa May, who said it was "not a silver bullet" to reducing the number of people coming to the UK. Koji Tsuruoka told the BBC hundreds of Japanese companies had operations in the United Kingdom, adding: "They are companies responsible to their stakeholders and their duty is to produce profit". (more...)
U.S. East Coast Trashed By Tropical Storm Hermine U.S. East Coast Trashed By Tropical Storm Hermine
- September 06, 2016

The weather service said Hermine's current maximum sustained winds of 70 miles per hour would probably reach 75 mph - classifying it again as a category-one hurricane - between now and Tuesday morning, September 6. Coastal flooding may continue into Tuesday . Despite the tropical storm not making landfall on New York City, it could still hit it with high winds and the public beaches remained closed on Labor Day. (more...)
Brexit chief says UK gov't will not be rushed Brexit chief says UK gov't will not be rushed
- September 06, 2016

A petition calling for the Government to hold a second poll as the turnout on June 23 was below 75% and fewer than 60% of the vote backed Brexit has received 4.1 million signatures, although it was subject to claims it had been hacked. The report also urged Britain and the European Union to make the Brexit negotiation process transparent to avoid "unpleasant surprises". "It is about seizing the huge and exciting opportunities that will flow from a new place for Britain in the world", Mr Davis ... (more...)
MPs to consider demand for second referendum on Brexit MPs to consider demand for second referendum on Brexit
- September 06, 2016

John Penrose said: "Brexit must mean Brexit and it is up to every red-blooded democrat, no matter which side they were on before the result was known, to accept the clear electoral verdict and to pull together to deliver it as best we can". (more...)
Hermine batters shore with waves; Island Beach to be open today
- September 06, 2016

The declaration applies to Ocean County, Atlantic County and Cape May County as a result of severe weather conditions expected later on Saturday and throughout the Labour Day weekend, Xinhua news agency quoted the Governor as saying in a statement published on the state's official website. (more...)
Mayor thanks sailors on Merchant Navy Day Mayor thanks sailors on Merchant Navy Day
- September 06, 2016

The commemorative event, which is held on the same date that World War Two began, has been running since 2000 to honour the fearless men and women who have served on the seas over the years. "I am pleased to support the call from the Seafarer UK charity and the Merchant Navy Association for the UK Merchant Navy's official flag to be flown on this day". (more...)
Saudi Arabia, Russia agree to cooperate on oil market Saudi Arabia, Russia agree to cooperate on oil market
- September 06, 2016

On Monday, on the sidelines of the G20 summit in China, Russia and Saudi Arabia , which control more than 21% of global oil consumption, signed a joined statement on measures to stabilize the oil market. There are other potential explanations, less tied to market minutiae. Saudi Arabia and Russian Federation, along with other OPEC and non-OPEC producers, are scheduled to hold talks in Algiers on the sidelines of the International Energy Forum due to be held from 26 to 28 September. (more...)
Storm Hermine kills 2
- September 06, 2016

Post-Tropical Storm Hermine finally reached Southern New England after days of forecasters trying to decide what the impact would be. Overnight, the center of the storm moved farther east and away from the coast than previously forecast, said Rick Knabb, director of the hurricane center, in a webcast. (more...)
Electronics sector PMI ricochets to expansion in August Electronics sector PMI ricochets to expansion in August
- September 06, 2016

The services reading rounds off a trio of positive survey news for the United Kingdom economy, which indicates that the economy is coping with the shock of the vote better than many feared. CIPS purchasing managers' index shows activity in United Kingdom services has recorded its biggest month-on-month rise in the history of the survey. (more...)
Dollar off highs as investors await USA jobs data Dollar off highs as investors await USA jobs data
- September 05, 2016

Mounting expectations for a Fed hike this year boosted financial stocks on both sides of the Atlantic, limiting losses in USA shares and helping the pan-European STOXX 600 (.STOXX) hit its highest level since mid-August. Apple shares were last down just under 1 percent. A strong greenback makes fuel purchases more expensive for countries using other currencies domestically. (more...)
ESA: Rosetta space probe finds lost Philae lander on comet ESA: Rosetta space probe finds lost Philae lander on comet
- September 05, 2016

As Rosetta's solar arrays can not collect enough power to guarantee the spacecraft's heaters will keep it warm enough to survive, Rosetta will follow its Philae lander to the surface of the comet. "It is incredible that we have captured this at the final hour ". "Now that the lander search is finished we feel ready for Rosetta's landing, and look forward to capturing even closer images of Rosetta's touchdown site", said Holger Sierks, the principal investigator of the OSIRIS camera. (more...)
On Connecticut ballot: Green Party's Jill Stein On Connecticut ballot: Green Party's Jill Stein
- September 05, 2016

Local Green Party members addressed the gathering of students while Stein drove north from Cincinnati. Stein offered guaranteed employment, free public higher education, debt-free private higher education and a public option for health care. (more...)
Dollar Holds Gain as Fed Rate-Hike Odds Weather Hiring Slowdown
- September 05, 2016

Members of the Federal Reserve's policy-making body, including Chair Janet Yellen, may be swayed by the job-market slowdown when they make their next decision on the benchmark federal funds rate at a meeting scheduled for September 20-21. (more...)

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