Markets
Walker, Ryan will be gone when Trump visits
- October 15, 2016
Trump's scandalous comments, caught on an " Access Hollywood " outtake, have roiled Republicans. Most we spoke with believe the congressman's decision to stop defending or campaigning for Donald Trump is motivated by self-preservation, but is likely a necessary move. (more...)
- October 15, 2016
Trump's scandalous comments, caught on an " Access Hollywood " outtake, have roiled Republicans. Most we spoke with believe the congressman's decision to stop defending or campaigning for Donald Trump is motivated by self-preservation, but is likely a necessary move. (more...)
Oil prices fall on higher OPEC output, rise in United States crude stocks
- October 15, 2016
The oil market could rebalance in the first half of 2017 if OPEC sticks to its production cap deal, but oil prices could fall by almost 20% if the cartel fails to agree, experts warned Tuesday. Last month, higher Russian and Kazakh flows brought non-OPEC (Organization of the Petroleum Exporting Countries) oil supply up to almost 0.5 million bpd. (more...)
- October 15, 2016
The oil market could rebalance in the first half of 2017 if OPEC sticks to its production cap deal, but oil prices could fall by almost 20% if the cartel fails to agree, experts warned Tuesday. Last month, higher Russian and Kazakh flows brought non-OPEC (Organization of the Petroleum Exporting Countries) oil supply up to almost 0.5 million bpd. (more...)
Fed's Harker says U.S. economy doing well, labor market strong
- October 15, 2016
The standard way of thinking of interest rates is that low rates incentivize lending and spending instead of saving. Treasury yields, including the most Fed sensitive 2-year yield inches higher suggesting a rate hike this year remains on the table. (more...)
- October 15, 2016
The standard way of thinking of interest rates is that low rates incentivize lending and spending instead of saving. Treasury yields, including the most Fed sensitive 2-year yield inches higher suggesting a rate hike this year remains on the table. (more...)
Warren Buffet Just Released His Tax Information
- October 15, 2016
Read the entire report on the Trump Tax Plan here. The same group would see incomes gains of 10.2 to 19.9 percent under the Trump tax plan, if not more. Of course I do", he said, adding that Mr Buffett had done likewise. Trump's failure to lead or sacrifice, combined with his boasting about ducking taxes (which sticks us taxpayers with the bill), is the lesson I take from the Trump tax saga. (more...)
- October 15, 2016
Read the entire report on the Trump Tax Plan here. The same group would see incomes gains of 10.2 to 19.9 percent under the Trump tax plan, if not more. Of course I do", he said, adding that Mr Buffett had done likewise. Trump's failure to lead or sacrifice, combined with his boasting about ducking taxes (which sticks us taxpayers with the bill), is the lesson I take from the Trump tax saga. (more...)
Nations seek deal to reduce HFCs; could dent global warming
- October 15, 2016
HFCs are greenhouse gases used as coolants in air-conditioners and refrigeration industry and the emission of these gases accelerates global warming more than carbon dioxide. Carbajal said HFCs could add as much as 0.1ºC (0.18ºF) to average global temperatures by mid-century, and 0.5ºC (0.9ºF) by 2100. An ambitious accord would be "the world's biggest climate protection achievement" since last year's pact in Paris to cut carbon emissions, according to the Natural Resources Defense Council. (more...)
- October 15, 2016
HFCs are greenhouse gases used as coolants in air-conditioners and refrigeration industry and the emission of these gases accelerates global warming more than carbon dioxide. Carbajal said HFCs could add as much as 0.1ºC (0.18ºF) to average global temperatures by mid-century, and 0.5ºC (0.9ºF) by 2100. An ambitious accord would be "the world's biggest climate protection achievement" since last year's pact in Paris to cut carbon emissions, according to the Natural Resources Defense Council. (more...)
Weighted sterling near record low
- October 15, 2016
She also said she would allow parliament some scrutiny over the process, having previously angered lawmakers - and unnerved markets - for refusing to divulge her strategy and saying she would trigger Article 50 without giving them a say. The euro was up 0.2 percent at 90.35 pence On a trade-weighted basis, sterling was at 73.8, not far from a record low of 73.383 struck on Tuesday. The figures show that the value of sterling has fallen to below the levels seen in the aftermath of the 2008 ... (more...)
- October 15, 2016
She also said she would allow parliament some scrutiny over the process, having previously angered lawmakers - and unnerved markets - for refusing to divulge her strategy and saying she would trigger Article 50 without giving them a say. The euro was up 0.2 percent at 90.35 pence On a trade-weighted basis, sterling was at 73.8, not far from a record low of 73.383 struck on Tuesday. The figures show that the value of sterling has fallen to below the levels seen in the aftermath of the 2008 ... (more...)
Trump denies sexual assault allegations at rally
- October 15, 2016
And he says the president of the United States "better be careful" because women could say the same thing about him. "And she always just reads off the teleprompter and it's short and then she goes home and she goes to sleep", he said. And in a story published online Friday, Kristin Anderson told The Washington Post that she was sitting on a couch with friends at a NY nightclub in the early 1990s when a hand reached up her skirt and touched her through her underwear. (more...)
- October 15, 2016
And he says the president of the United States "better be careful" because women could say the same thing about him. "And she always just reads off the teleprompter and it's short and then she goes home and she goes to sleep", he said. And in a story published online Friday, Kristin Anderson told The Washington Post that she was sitting on a couch with friends at a NY nightclub in the early 1990s when a hand reached up her skirt and touched her through her underwear. (more...)
Wells Fargo Chief John Stumpf Steps Down Over Fake Accounts Scandal
- October 15, 2016
Former employees have described a pressure-cooker sales culture inside the bank where managers had browbeat staff into hitting aggressive daily sales quotas, which in turn led some workers to create unauthorized accounts. Low morale: Sloan also needs to find a way to fix damage done to employee morale from the scandal and years of alleged mistreatment. Last month, Elizabeth Warren eviscerated Wells Fargo C.E.O. (more...)
- October 15, 2016
Former employees have described a pressure-cooker sales culture inside the bank where managers had browbeat staff into hitting aggressive daily sales quotas, which in turn led some workers to create unauthorized accounts. Low morale: Sloan also needs to find a way to fix damage done to employee morale from the scandal and years of alleged mistreatment. Last month, Elizabeth Warren eviscerated Wells Fargo C.E.O. (more...)
Train engineer involved in Hoboken crash from Morris Plains
- October 15, 2016
Investigators have retrieved an event recorder from the passenger train that crashed Thursday in Hoboken, New Jersey, and information from the device will be downloaded on Friday morning, a United States official with direct knowledge of the probe said. (more...)
- October 15, 2016
Investigators have retrieved an event recorder from the passenger train that crashed Thursday in Hoboken, New Jersey, and information from the device will be downloaded on Friday morning, a United States official with direct knowledge of the probe said. (more...)
Dividend Stock To Watch: Cisco Systems, Inc. (NASDAQ:CSCO)
- October 15, 2016
Cisco Systems, Inc.'s ( CSCO ) has YTD performance of 15.59%. On Jul 16 Cisco Systems, Inc. Murphy Pohlad Asset Management LLC now owns 22,757 shares of the network equipment provider's stock valued at $647,000 after buying an additional 1,955 shares during the period. (more...)
- October 15, 2016
Cisco Systems, Inc.'s ( CSCO ) has YTD performance of 15.59%. On Jul 16 Cisco Systems, Inc. Murphy Pohlad Asset Management LLC now owns 22,757 shares of the network equipment provider's stock valued at $647,000 after buying an additional 1,955 shares during the period. (more...)
Gold prices find some traction as Fed minutes pack few surprises
- October 15, 2016
US stock index futures were trading at one-month lows on Thursday as Deutsche Bank weighed on financial stocks, while the Federal Reserve's minutes revealed a stronger resolve to raise interest rates soon. Often, some Fed officials will argue for raising rates while others will say the Fed should wait, leaving the public confused. The Fed next meets in November, days before the presidential election, and once more in December. (more...)
- October 15, 2016
US stock index futures were trading at one-month lows on Thursday as Deutsche Bank weighed on financial stocks, while the Federal Reserve's minutes revealed a stronger resolve to raise interest rates soon. Often, some Fed officials will argue for raising rates while others will say the Fed should wait, leaving the public confused. The Fed next meets in November, days before the presidential election, and once more in December. (more...)
Office Depot to close for Thanksgiving
- October 15, 2016
The stock has an average rating of "Hold" and an average target price of $5.69. On 10/12/2016 General Electric Company (NYSE:GE) traded 22.59 Million shares and was closed at $28.90 per share. Yahoo! Inc. (NASDAQ:YHOO) have shown a low EPS growth of -48.20% in the last 5 years and has earnings growth of N\A yoy. (NASDAQ: ODP ) puts the stock on today's active list. (more...)
- October 15, 2016
The stock has an average rating of "Hold" and an average target price of $5.69. On 10/12/2016 General Electric Company (NYSE:GE) traded 22.59 Million shares and was closed at $28.90 per share. Yahoo! Inc. (NASDAQ:YHOO) have shown a low EPS growth of -48.20% in the last 5 years and has earnings growth of N\A yoy. (NASDAQ: ODP ) puts the stock on today's active list. (more...)
Is China Creating A $100 Billion Energy Giant?
- October 15, 2016
The deal comes as authorities attempt a vast restructuring of China's economy meant to weed out inefficient, debt-saddled firms by forcing them to combine with healthier rivals or face bankruptcy. Backing from Sinochem might help ChemChina finance its Syngenta deal on more favourable terms, the source said. According to Gao, unlike the merger of mammoth companies such as Baosteel Group and Wuhan Iron and Steel Group, this merger is a lot smaller and unlikely to have much impact one ... (more...)
- October 15, 2016
The deal comes as authorities attempt a vast restructuring of China's economy meant to weed out inefficient, debt-saddled firms by forcing them to combine with healthier rivals or face bankruptcy. Backing from Sinochem might help ChemChina finance its Syngenta deal on more favourable terms, the source said. According to Gao, unlike the merger of mammoth companies such as Baosteel Group and Wuhan Iron and Steel Group, this merger is a lot smaller and unlikely to have much impact one ... (more...)
US Dollar Hits a 7-Month High, Gold Gets Hit
- October 15, 2016
Analysts expected jobless claims to rise by 8,000. Sentiment remains firmly bearish towards the Pound and this stalling before the Brexit could only last so long before sellers send prices much lower. interest rise before the end of 2016 has strengthened. While earnings of S&P 500 companies are expected to fall 0.7 percent - marking the fifth straight quarter of decline - some investors hope that enough companies will beat analysts' expectations for the index to end the season with a slight ... (more...)
- October 15, 2016
Analysts expected jobless claims to rise by 8,000. Sentiment remains firmly bearish towards the Pound and this stalling before the Brexit could only last so long before sellers send prices much lower. interest rise before the end of 2016 has strengthened. While earnings of S&P 500 companies are expected to fall 0.7 percent - marking the fifth straight quarter of decline - some investors hope that enough companies will beat analysts' expectations for the index to end the season with a slight ... (more...)
Hot Stock for Investors: Teekay Corporation (NYSE:TK)
- October 15, 2016
The company earned $6.05 billion during the quarter, compared to analyst estimates of $6.04 billion. Argus reiterated a "hold" rating and issued a $33.00 price target on shares of Progressive Corp.in a report on Monday, July 18th. Following the completion of the transaction, the insider now directly owns 71,961 shares in the company, valued at $2,338,732.50. The sale was disclosed in a document filed with the SEC, which is available through this link . (more...)
- October 15, 2016
The company earned $6.05 billion during the quarter, compared to analyst estimates of $6.04 billion. Argus reiterated a "hold" rating and issued a $33.00 price target on shares of Progressive Corp.in a report on Monday, July 18th. Following the completion of the transaction, the insider now directly owns 71,961 shares in the company, valued at $2,338,732.50. The sale was disclosed in a document filed with the SEC, which is available through this link . (more...)
L.P.'s (KKR) "Buy" Rating Reiterated at Jefferies Group
- October 15, 2016
Several other research analysts have also commented on the stock. L.P.in a report on Thursday, July 14th. Vetr raised shares of KKR & Co. L.P. had its "buy" rating reiterated by analysts at Jefferies. O'hara now expects that the brokerage will earn $0.59 per share for the quarter, up from their prior forecast of $0.51. Sales growth quarter over quarter is 125.40%, with EPS growth quarter over quarter coming to a value of -75.00%. (more...)
- October 15, 2016
Several other research analysts have also commented on the stock. L.P.in a report on Thursday, July 14th. Vetr raised shares of KKR & Co. L.P. had its "buy" rating reiterated by analysts at Jefferies. O'hara now expects that the brokerage will earn $0.59 per share for the quarter, up from their prior forecast of $0.51. Sales growth quarter over quarter is 125.40%, with EPS growth quarter over quarter coming to a value of -75.00%. (more...)
UK lawmakers press for vote on Brexit-EU talks
- October 15, 2016
It comes after Bloomberg reported that Prime Minister Theresa May accepted that lawmakers should be able to vote on her Brexit plan late Tuesday, prompting the pound to rally against the dollar in Asian trading Wednesday. "How are you going to build a consensus around your approach if you won't tell this house what your approach is?" Speaking at the debate in the Commons, he said there was "no mandate" for the terms of Brexit. (more...)
- October 15, 2016
It comes after Bloomberg reported that Prime Minister Theresa May accepted that lawmakers should be able to vote on her Brexit plan late Tuesday, prompting the pound to rally against the dollar in Asian trading Wednesday. "How are you going to build a consensus around your approach if you won't tell this house what your approach is?" Speaking at the debate in the Commons, he said there was "no mandate" for the terms of Brexit. (more...)
Djokovic hums his way to victory in Shanghai quarterfinals
- October 15, 2016
Djokovic jumped out to a 4-0 lead and never looked back taking the breaker to level the match. There were ominous signs for Goffin when he handed over a break with a double fault, although Murray almost gave one straight back before he recovered from 15-40 down to open a 5-2 lead in the first set. (more...)
- October 15, 2016
Djokovic jumped out to a 4-0 lead and never looked back taking the breaker to level the match. There were ominous signs for Goffin when he handed over a break with a double fault, although Murray almost gave one straight back before he recovered from 15-40 down to open a 5-2 lead in the first set. (more...)
Shanghai Masters: Djokovic defeats Pospisil to reach quarterfinals
- October 15, 2016
At one stage, he began walking back to his chair before a serve from Zverev , the world number 110, had landed, while he also patted the ball over the net on several occasions. Tsonga, serving for the match, safely negotiated three break points before a spectacular airborne smash set up match point, which he gobbled up to win 6-7 (4/7), 6-2, 7-5. (more...)
- October 15, 2016
At one stage, he began walking back to his chair before a serve from Zverev , the world number 110, had landed, while he also patted the ball over the net on several occasions. Tsonga, serving for the match, safely negotiated three break points before a spectacular airborne smash set up match point, which he gobbled up to win 6-7 (4/7), 6-2, 7-5. (more...)
Wells Fargo will try to win back work with Ohio
- October 15, 2016
Wells has also been hit with several lawsuits from customers, employees and shareholders. The quarterly report was the first since the bank paid $185 million in penalties in September for opening roughly 2 million consumer deposit and credit card accounts without customer authorization as far back as 2011. (more...)
- October 15, 2016
Wells has also been hit with several lawsuits from customers, employees and shareholders. The quarterly report was the first since the bank paid $185 million in penalties in September for opening roughly 2 million consumer deposit and credit card accounts without customer authorization as far back as 2011. (more...)
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OPEC, non-OPEC alliance not strong enough to limit North America