Markets


Freeport-McMoran Copper & Gold Inc. (FCX) Short Interest Up 11.8% in September Freeport-McMoran Copper & Gold Inc. (FCX) Short Interest Up 11.8% in September
- October 01, 2016

The trading activity of 25.11 Million shares climbed down over an average volume of 30.58 Million shares. The natural resource company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.01. Cowen and Company set a $15.00 price target on Freeport-McMoran Copper & Gold and gave the stock a "buy" rating in a research note on Tuesday, September 13th. (more...)
Senate passes stopgap budget to avert troop pay freeze
- October 01, 2016

Democrats opened a last-minute push Tuesday, Sept. 27, 2016, for new talks on must-do legislation to prevent the government from shutting down this weekend, fight the Zika virus and help flood-ravaged Louisiana rebuild. McConnell has made numerous concessions in weeks of negotiations, agreeing, for instance, to drop contentious provisions tied to Zika funding that led Democrats to block prior Zika measures. (more...)
West Coast hit by storm front West Coast hit by storm front
- October 01, 2016

In July, the state was hit by another flawless storm - this time a convergence solar and wind supply issues as well as outages caused by routine maintenance - which saw the state relying exclusively on gas for power. "State now without power", state energy provider SA Power Networks said in a statement. A rush by Australia's state governments to switch to clean electricity sources could undermine the country's energy security, the federal government warned Thursday after an entire state ... (more...)
Republicans criticize immunity to Clinton aide
- October 01, 2016

As he has at other hearings, Comey did not bend from his earlier decision. Citing people like the Boston marathon bombers and the Orlando nightclub shooter, who were investigated by the Federal Bureau of Investigation for possible ties to terrorism organizations and wrongly considered not to be threats, Senator Rand Paul asked Comey what mistakes the Federal Bureau of Investigation must have made for it not to catch them when they were first brought to its attention. (more...)
Royals hold off Tigers in final road game
- October 01, 2016

The Tigers pounded out 14 hits and walked four times with JD Martinez driving in two while Cameron Maybin went 3-5 with two RBI's and two runs. Detroit's five-game winning streak was stopped, and the Tigers dropped into a tie for the second AL wild card with the Orioles, who played Arizona at night. (more...)
Cabrera's homer gives Tigers rain-shortened win over Indians Cabrera's homer gives Tigers rain-shortened win over Indians
- October 01, 2016

The wild card-contending Tigers and AL Central champion Indians played a rain-shortened game Wednesday night, which Detroit won 6-3 in five innings. That eliminates the need for a decision between Buck Farmer and Matt Boyd for Saturday. The Tigers and Indians waited all afternoon Thursday for rain to stop and baseball to begin. (more...)
Here are the risks Janet Yellen sees ahead Here are the risks Janet Yellen sees ahead
- October 01, 2016

The yield on the US 10-year note fell two basis points, or 0.02 percentage point, to 1.67% as of 3:01 p.m.in NY, according to Bloomberg Bond Trader data. Diamond Offshore rose 3 percent. Other central banks are moving to ease monetary policy, not tighten it, in the face of weak domestic and global growth. (more...)
UK GDP growth revised up to 0.7 per cent before European Union referendum
- October 01, 2016

However, over the quarter, the UK's current account deficit grew to £28.7 billion, up from £27 billion in the first three months. The pound bounced back against major currency crosses on Friday (30 September), reversing three successive sessions of declines, after the UK's economic growth for the second quarter was revised upwards by the country's Office for National Statistics (ONS). (more...)
Surgical strikes: Grandmother of soldier captured by Pakistan dies of shock
- October 01, 2016

Speaking about the surgical operations which Indian said it had carried out across the LoC, he said: "Now, India can not mislead world that Pakistan is committing terrorism". Akbaruddin said. In her meeting with the United Nations chief, Pakistan envoy Malleha Lodhi said India's "claim" of carrying out surgical strikes across the LoC was "false" but added that India had by its own admission "committed aggression" against Pakistan. (more...)
Nawaz Sharif rakes up Kashmir at UNGA, glorifies Burhan Wani
- October 01, 2016

He also urged the world community to resolve the occupied Kashmir dispute following United Nations resolutions. One option long on the table is a small group of soldiers carrying out a fast attack on one or two Pakistan army posts across the border that are suspected of helping militants sneak into Kashmir, the defence source said . (more...)
IDS: Rs 65250 crore declarations made, says Jaitley IDS: Rs 65250 crore declarations made, says Jaitley
- October 01, 2016

The scheme gave Indians a last chance to declare undeclared assets on 30 September after giving a four-month declaration window to tax evaders. # The tax collected in the 1997 Voluntary Disclosure of Income Scheme (VDIS) was Rs 9,760 crore with an average declaration of Rs 7 lakh. (more...)
Presidential Council deputy head says Libya excluded from OPEC deal Presidential Council deputy head says Libya excluded from OPEC deal
- October 01, 2016

In London, North Sea Brent fell 18 cents to settle at $49.06 on the Intercontinental Exchange. "The risk of abandoning the market share strategy before the market achieves balance is that a higher price could allow new supply from higher up the cost curve to reach the markets" said, Jason Gammel , an analyst at Jefferies, the investment banking firm. (more...)
Americans off to a Ryder Cup flyer
- October 01, 2016

And then the clock struck noon, and nearly all of that very good work was undone by a ferocious charge from Europe's best players in the four-ball -- from the pairing of Open champion Henrik Stenson and Olympic gold medalist Justin Rose; from the endlessly gifted Rory McIlroy, and from the Spaniard who has made the Ryder Cup his substitute for major wins, Sergio Garcia. (more...)
Tulsa County District Attorney charges Tulsa officer with manslaughter Tulsa County District Attorney charges Tulsa officer with manslaughter
- October 01, 2016

Crutcher , who did not have a gun, died at a hospital from a single gunshot wound to the chest. Spokeswoman Amy Elliott said a full autopsy report and toxicology results are not yet complete. Her attorney told local media she is receiving death threats. In this image made from a Friday, Sept. 16, 2016 police video, Terence Crutcher, top, is pursued by police officers as he walk to an SUV in Tulsa, Okla . (more...)
Colonial Pipeline project to reopen line on Wednesday Colonial Pipeline project to reopen line on Wednesday
- October 01, 2016

The 500-foot bypass was needed to move fuel around the leak of the company's main gasoline pipeline in Shelby County, Ala. "Tomorrow's restart of the main gasoline line is a key milestone", Baker said. However, his concerns about any shortage or unavailability of fuel now lies with not being able to minister to those who are homebound or hospitalized should area gas station reserves run dry. (more...)
Mexican peso surges after Clinton, Trump clash in first debate Mexican peso surges after Clinton, Trump clash in first debate
- October 01, 2016

There are dozens of ways to gauge how well presidential nominees Donald Trump and Hillary Clinton are doing this election, but only one measure has stayed constant, according to a financial executive on the island. The peso's real effective exchange rate - its trade-weighted value versus a basket of other major currencies, adjusted for inflation - shows it's undervalued compared with historical norms. (more...)
Oil Up Second Straight Month On OPEC-Fueled Rally Oil Up Second Straight Month On OPEC-Fueled Rally
- October 01, 2016

USA oil futures moved lower on Friday, as traders locked in profits from the commodity' rally to a one-month high on Thursday, boosted by news of a production freeze deal between major oil producers. "Cuts in oil prices since 2014 represented a rebate to the man in the street, but we believe that consumers have largely spent that money and may have difficulty if prices run drastically higher", he said. (more...)
Brad Pitt caught up in child abuse allegations Brad Pitt caught up in child abuse allegations
- October 01, 2016

Calls to the offices of Pitt's attorney, Lance Spiegel , and Jolie Pitt's lawyer, Laura Wasser, were forwarded to recorded messages stating their firms do not comment on clients. The couple also have children Pax, 12, Zahara, 11, Shiloh, 10, and twins Knox and Vivienne, eight together and all six children were onboard the flight when the row broke out. (more...)
Clinton tells Wells Fargo customers CEO owes them an explanation Clinton tells Wells Fargo customers CEO owes them an explanation
- October 01, 2016

Wells Fargo , familiar to customers for its stagecoach logo, had also always been known in the banking industry for its aggressive sales goals. In prepared testimony obtained by The Associated Press, Chief Executive John Stumpf says he is "deeply sorry" the bank failed to meet its responsibility to customers and didn't act sooner to stem what he called "this unacceptable activity". (more...)
Oil gains, Deutsche Bank weighs on stocks; yen off lows Oil gains, Deutsche Bank weighs on stocks; yen off lows
- October 01, 2016

But the mood elsewhere was sour as Deutsche Bank , despite saying it was confident clients know its financial position is stable, saw its US -traded shares hit a record low of $11.185. The Nasdaq is down 36.59 points, or 0.7 percent. Deutsche Bank upgraded its rating on eBay to buy and lifted the price target from 30 to 40 a share. (more...)