Markets
Oil clocks best day in 7 years on OPEC hopes
- February 15, 2016
U.S. West Texas Intermediate (WTI) futures were trading at $27.57 per barrel, up 5.19 per cent or $1.36 from the previous day's settlement after hitting lows not seen since 2003 in the previous session. Crude Oil prices increased additionally in Asia on Friday impelled by what seem, by all accounts, to a renewed energies by weighty producers to arrange a cut in worldwide yield. (more...)
- February 15, 2016
U.S. West Texas Intermediate (WTI) futures were trading at $27.57 per barrel, up 5.19 per cent or $1.36 from the previous day's settlement after hitting lows not seen since 2003 in the previous session. Crude Oil prices increased additionally in Asia on Friday impelled by what seem, by all accounts, to a renewed energies by weighty producers to arrange a cut in worldwide yield. (more...)
Obafemi Martins leaves Seattle Sounders for Chinese club
- February 15, 2016
The Chinese Super League has surprisingly became one of the world's most popular landing spots in recent weeks, acquiring players from around the world. On Martins, Seattle have declined comments on the report. The striker, who has also had spells in Germany, Russia and Spain, will be remembered for scoring Birmingham City's victor in their 2-1 Carling Cup final victory over Arsenal in 2011 - the club's first silverware since 1963. (more...)
- February 15, 2016
The Chinese Super League has surprisingly became one of the world's most popular landing spots in recent weeks, acquiring players from around the world. On Martins, Seattle have declined comments on the report. The striker, who has also had spells in Germany, Russia and Spain, will be remembered for scoring Birmingham City's victor in their 2-1 Carling Cup final victory over Arsenal in 2011 - the club's first silverware since 1963. (more...)
Continental Has Airbag Problems, No Recall Yet
- February 15, 2016
Affected Acura models include the 2013-2016 ILX, 2013-2014 ILX Hybrid, 2007-2016 RDX, 2005-2012 RL, 2009-2014 TL and 2010-2013 ZDX. Honda said in its dealer memo that it will recall the vehicles, but that replacement parts are unavailable and won't be on hand until late summer. (more...)
- February 15, 2016
Affected Acura models include the 2013-2016 ILX, 2013-2014 ILX Hybrid, 2007-2016 RDX, 2005-2012 RL, 2009-2014 TL and 2010-2013 ZDX. Honda said in its dealer memo that it will recall the vehicles, but that replacement parts are unavailable and won't be on hand until late summer. (more...)
Clinton, Sanders trade jabs at sixth Democratic debate
- February 14, 2016
Clinton has embraced Obama and his policies more tightly as her opponent Sen. People aren't dumb. Why in God's name does Wall Street make huge campaign contributions? Clinton stuck to her pragmatic progressive approach, but she did try to strike a more aspirational tone that could match Sanders' idealistic call for a political revolution. (more...)
- February 14, 2016
Clinton has embraced Obama and his policies more tightly as her opponent Sen. People aren't dumb. Why in God's name does Wall Street make huge campaign contributions? Clinton stuck to her pragmatic progressive approach, but she did try to strike a more aspirational tone that could match Sanders' idealistic call for a political revolution. (more...)
Hillary Clinton comes out swinging in debate against Bernie Sanders
- February 14, 2016
Experts have listed many reasons why Clinton is not at the top of opinion polls among female voters, Politico reported . While Clinton played the aggressor in the previous Democratic debate, she is mindful of a need to not turn off Sanders' voters, particularly the young people that are supporting him in overwhelming numbers. (more...)
- February 14, 2016
Experts have listed many reasons why Clinton is not at the top of opinion polls among female voters, Politico reported . While Clinton played the aggressor in the previous Democratic debate, she is mindful of a need to not turn off Sanders' voters, particularly the young people that are supporting him in overwhelming numbers. (more...)
Twitter shares slump to all-time low as user growth stalls
- February 13, 2016
It's a well known fact at this point that Twitter is falling behind some of the bigger social media players. WhatsApp now has more than 1 billion monthly users while Instagram has more than 400 million, including 100 million added during the first nine months of previous year. (more...)
- February 13, 2016
It's a well known fact at this point that Twitter is falling behind some of the bigger social media players. WhatsApp now has more than 1 billion monthly users while Instagram has more than 400 million, including 100 million added during the first nine months of previous year. (more...)
FAA warns of potentially 'catastrophic' battery explosions
- February 13, 2016
Providing a guideline to its officials, the FAA also directed them to inspect whether the airlines properly assess the risk while managing and transporting lithium batteries as cargo. "What is needed now is tough enforcement of these rules". Despite no further incidents since with the 787, scepticism has remained over the relationship between lithium batteries and commercial aircraft. (more...)
- February 13, 2016
Providing a guideline to its officials, the FAA also directed them to inspect whether the airlines properly assess the risk while managing and transporting lithium batteries as cargo. "What is needed now is tough enforcement of these rules". Despite no further incidents since with the 787, scepticism has remained over the relationship between lithium batteries and commercial aircraft. (more...)
FAA warns airlines of risk in lithium battery
- February 13, 2016
The dangers of lithium-ion batteries have been well-documented by the media as of late, especially in relation to one of 2015's hottest products, self-balancing two-wheelers known as hoverboards that have proven do be as unpredictable and high-risk as they are popular. (more...)
- February 13, 2016
The dangers of lithium-ion batteries have been well-documented by the media as of late, especially in relation to one of 2015's hottest products, self-balancing two-wheelers known as hoverboards that have proven do be as unpredictable and high-risk as they are popular. (more...)
Twitter logs losing quarter as user base stalls
- February 13, 2016
The new algorithm will place tweets that Twitter "thinks" most people want to see at the top of their timelines . Called " Show me the best Tweets first ", the feature will display the Tweets a user is "most likely to care about" at the top of their timelines , and can be toggled on and off from the settings page. (more...)
- February 13, 2016
The new algorithm will place tweets that Twitter "thinks" most people want to see at the top of their timelines . Called " Show me the best Tweets first ", the feature will display the Tweets a user is "most likely to care about" at the top of their timelines , and can be toggled on and off from the settings page. (more...)
Tesla Model 3 will finally be unveiled on March 31
- February 13, 2016
The Street was modeling a marginal adjusted operating profit per share from Tesla, but the company reported a loss of 87 cents a share. There are few key takeaways from Tesla Motor Inc (NASDAQ:TSLA)'s earnings number for the fourth quarter, as well as, the outlook for the year 2016. (more...)
- February 13, 2016
The Street was modeling a marginal adjusted operating profit per share from Tesla, but the company reported a loss of 87 cents a share. There are few key takeaways from Tesla Motor Inc (NASDAQ:TSLA)'s earnings number for the fourth quarter, as well as, the outlook for the year 2016. (more...)
Chipotle stores shut nationwide for staff food safety meeting
- February 12, 2016
Chipotle will also spend about $10 million to help suppliers meet the company's new safety requirements. As part of the campaign to win back the public's confidence, remarks by company executives will be shown live and shared over social media. (more...)
- February 12, 2016
Chipotle will also spend about $10 million to help suppliers meet the company's new safety requirements. As part of the campaign to win back the public's confidence, remarks by company executives will be shown live and shared over social media. (more...)
Chipotle stores to be shut for four hours for food safety meeting
- February 12, 2016
As a peace offering to inconvenienced customers, Chipotle said it would give free burritos to people who text in a code to the company. (CBS LOCAL) - All 2,000 Chipotle locations were temporarily shut down today for a company-wide meeting about food safety. (more...)
- February 12, 2016
As a peace offering to inconvenienced customers, Chipotle said it would give free burritos to people who text in a code to the company. (CBS LOCAL) - All 2,000 Chipotle locations were temporarily shut down today for a company-wide meeting about food safety. (more...)
Sanders and Clinton battle for Minnesota
- February 12, 2016
At a debate moderated for the first time by two women, Clinton was pressed nearly immediately about a recent remark by her surrogate, former Secretary of State Madeleine Albright, that there's a "special place in hell" for women who don't support other women-a remark she disowned in so many words. (more...)
- February 12, 2016
At a debate moderated for the first time by two women, Clinton was pressed nearly immediately about a recent remark by her surrogate, former Secretary of State Madeleine Albright, that there's a "special place in hell" for women who don't support other women-a remark she disowned in so many words. (more...)
Continental Airbag Recall Affects 5 Million Vehicles
- February 12, 2016
Continental Automotive Systems said Thursday that it supplied possibly faulty air bag controls to 5 million cars manufactured over a five-year period across the globe, prompting a recall of affected vehicles. The National Highway Traffic Safety Administration reported that its investigators believe a SC driver was killed in December when an inflator in a Takata airbag exploded. (more...)
- February 12, 2016
Continental Automotive Systems said Thursday that it supplied possibly faulty air bag controls to 5 million cars manufactured over a five-year period across the globe, prompting a recall of affected vehicles. The National Highway Traffic Safety Administration reported that its investigators believe a SC driver was killed in December when an inflator in a Takata airbag exploded. (more...)
Average US rate on 30-year mortgage falls to 3.65 percent
- February 11, 2016
The 15-year FRM this week averaged 2.95 percent, down from 3.01 percent last week, and the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week, down from last week's 2.85 percent. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Lower rates have the most profound effect on borrowers with larger loans, and that was clear last week. (more...)
- February 11, 2016
The 15-year FRM this week averaged 2.95 percent, down from 3.01 percent last week, and the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week, down from last week's 2.85 percent. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Lower rates have the most profound effect on borrowers with larger loans, and that was clear last week. (more...)
Oil rises above $35 on potential producer meeting
- February 11, 2016
But getting agreement on a cut within OPEC, let alone one involving countries such as Russian Federation and Mexico, is clearly easier said than done. We have witnessed this phenomenon in the latest earnings calls of big oil majors. Continued blood-letting in the corporate world will see further job and upstream capex cuts at oil and gas producers and service providers. (more...)
- February 11, 2016
But getting agreement on a cut within OPEC, let alone one involving countries such as Russian Federation and Mexico, is clearly easier said than done. We have witnessed this phenomenon in the latest earnings calls of big oil majors. Continued blood-letting in the corporate world will see further job and upstream capex cuts at oil and gas producers and service providers. (more...)
Tesla's 4Q net loss doubles but shares up on outlook
- February 11, 2016
Tesla stock has steadily declined over the past couple months , so Wednesday's quarterly investor call was an important chance for Elon Musk and co.to reassure investors that what they're doing will continue to make money. The company also confirmed that it would officially announce the highly anticipated Model 3 on March 31. Because the company is beating estimates on how many cars it will be able to produce this year. (more...)
- February 11, 2016
Tesla stock has steadily declined over the past couple months , so Wednesday's quarterly investor call was an important chance for Elon Musk and co.to reassure investors that what they're doing will continue to make money. The company also confirmed that it would officially announce the highly anticipated Model 3 on March 31. Because the company is beating estimates on how many cars it will be able to produce this year. (more...)
DraftKings' value has tumbled by 60%, Fox says
- February 11, 2016
The filing said the new valuation is based on recent transactions involving DraftKings , which had convinced Fox that "a portion of its investment in DraftKings was impaired". The companies are fighting that lawsuit. If you watched any NFL football this past season, it was hard to miss the near ubiquitous ads for daily fantasy sports websites. (more...)
- February 11, 2016
The filing said the new valuation is based on recent transactions involving DraftKings , which had convinced Fox that "a portion of its investment in DraftKings was impaired". The companies are fighting that lawsuit. If you watched any NFL football this past season, it was hard to miss the near ubiquitous ads for daily fantasy sports websites. (more...)
Twitter fails to add new users in last quarter of 2015
- February 11, 2016
Twitter's team will be turning on the feature for everyone in the coming weeks, Jahr said , and will make it clear with a timeline notification. Twitter said the "Show me the best tweets first" feature is optional and that users can stick with tweets rushing by like leaves on a fast-moving river, if they prefer. (more...)
- February 11, 2016
Twitter's team will be turning on the feature for everyone in the coming weeks, Jahr said , and will make it clear with a timeline notification. Twitter said the "Show me the best tweets first" feature is optional and that users can stick with tweets rushing by like leaves on a fast-moving river, if they prefer. (more...)
Honda Expands Takata Airbag Recall for Ridgeline
- February 11, 2016
The company told the US National Highway Traffic Safety Administration ( NHTSA ) that electronic systems built from 2006 through 2010 and used in 5 million vehicles may have a malfunction which could prevent the airbags from deploying or cause inadvertent inflation without warning. (more...)
- February 11, 2016
The company told the US National Highway Traffic Safety Administration ( NHTSA ) that electronic systems built from 2006 through 2010 and used in 5 million vehicles may have a malfunction which could prevent the airbags from deploying or cause inadvertent inflation without warning. (more...)
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Food and transport costs help push inflation to five-year high