Markets


OPEC output deal a bet on Saudi Arabia's market calculations
- December 06, 2016

OPEC, or the Organization of Petroleum Exporting Countries , is reducing their exports of oil. Brent futures also retreated from 16-month highs near $54.30 on Thursday to trade just above $53.0 p/b in the January contract. OPEC hadn't reached an agreement on oil production since 2008. Saudi Arabia has agreed to swallow the pain by lowering its oil production, reducing the global surplus to the benefit of everyone else. (more...)
Najib turns up at rally for Myanmar's Rohingya Muslims
- December 06, 2016

In an exclusive interview with Channel NewsAsia last week, State Counsellor Daw Aung San Suu Kyi said she "would appreciate it so much if the worldwide community would help us to maintain peace and stability, and to make progress in building better relations between the two communities, instead of always drumming up cause for bigger fires of resentment". (more...)
McDonald's, Darden top LGBTQ-friendly workplace list McDonald's, Darden top LGBTQ-friendly workplace list
- December 06, 2016

To receive a flawless score on the CEI report, companies must have explicit non-discrimination protections for LGBT employees included in all operations, require contractors to follow these non-discrimination protections, and disallow any philanthropic donations to non-religious organizations with written policies of discrimination. (more...)
Protests staged by Bexit rivals as historic Article 50 appeal begins
- December 06, 2016

Opening the government's arguments, Attorney General Jeremy Wright said the use of prerogative powers didn't undermine Parliament, because the legislature had been in the driver's seat throughout the referendum process. The case, one of the most constitutionally significant for Britain in decades, will determine whether May and her government can use a prerogative once reserved for kings and queens to invoke Article 50, the never-before-used mechanism for getting out of the European Union. (more...)
Brokers Ratings on: J. C. Penney Company, Inc. (NYSE:JCP) Brokers Ratings on: J. C. Penney Company, Inc. (NYSE:JCP)
- December 06, 2016

Penney Company, Inc. There was another key research note provided by Robert W. Baird on Monday May 16, 2016. Earlier the firm had a rating of "Neutral " on the company shares. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. EPS long term mean growth rate estimated by 22 analysts is at 0.68%, whereas, the high and low Long term growth rate estimated at 0.96 and 0.05. (more...)
Job deals like Carrier's often fall short of political hype
- December 06, 2016

Trump had also threatened to impose steep tariffs on goods made in Mexico that are exported back to the U.S. And he has vowed to renegotiate NAFTA, the free trade agreement between the U.S., Mexico and Canada. The Indiana Business Journal reported United Technologies was also afraid of losing defense contracts. While speaking about Carrier, a brand of United Technologies Corporation, he said that if they moved jobs to Mexico major taxes will be levied on the products when they make their ... (more...)
Thanksgiving and Black Friday Post Strong E-Commerce Growth
- December 06, 2016

Cyber Monday sales hit a record of $3.39 billion in sales, gaining 10.2% over past year, according to data released by Adobe Digital Insights . Lea Bishop shops online starting on Thanksgiving Day through Cyber Monday, but this year found many retailers had extensive pre-Black Friday deals. (more...)
Green Party to try Pennsylvania recount case in US court
- December 06, 2016

Stein has been working to get recounts done in Michigan, Pennsylvania and Wisconsin, all three were battleground states where Donald Trump beat Hillary Clinton by narrow margins. The former secretary of state won 65,152,112 popular votes, compared to Trump's 62,625,928. Republican Attorney General Bill Schuette, the Trump campaign and super PACs have filed separate lawsuits asking state courts to prevent the recount, arguing that Stein, as the fourth-place finisher, is not "aggrieved" ... (more...)
Green Party files recount petition in MI
- December 06, 2016

Stein asked for the recount, but Clinton's campaign said it will help oversee the process and was allowed to intervene in a lawsuit this week that sought a court order for a hand recount in all 72 Wisconsin counties. Secretary of State Ruth Johnson has estimated that the process could cost as much as $2 million, with Stein paying $973,250 and the rest coming from the counties. (more...)
Bank trying to resolve outcry over animal fat used to make fivers Bank trying to resolve outcry over animal fat used to make fivers
- December 06, 2016

Vegans and vegetarians in England may be able to avoid personal consumption of animal products, but it will be harder for them to refrain from using the nation's new polymer five-pound bank note. Vegans and others in the United Kingdom are outraged that the new fiver issued by the Bank of England inexplicably contains trace elements of beef tallow. (more...)
OPEC decision means likely gas price hikes
- December 06, 2016

Thankfully, OPEC member countries will play a crucial role in fuelling this dynamic growth. Indonesia had chose to suspend its membership of OPEC because it could not agree to the production cut, he added. Recent data shows that OPEC and Russian Federation were producing at near records in November. It could say it has cut by deciding not to increase production in 2017 as it was reported to be planning. (more...)
Demonetisation dents India's private sector activity: PMI Demonetisation dents India's private sector activity: PMI
- December 06, 2016

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction. The latest data comes close on the heels of the manufacturing sector PMI (purchasing mangers' index) which showed growth slowed sharply in November on the back of the cash shortage. (more...)
Salisbury man arrested after "self-investigating" fake sex ring
- December 06, 2016

The rifle and handgun were recovered inside the restaurant. Police secure the scene near Comet Ping Pong in Washington , Sunday, Dec. 4, 2016. Luckily, no one was injured. He expressed frustration that police seemed uninterested before Sunday's shooting in investigating more thoroughly. Comet Ping Pong was closed Monday, but neighbors brought flowers and cards to the storefront saying "We support Comet" and "we love you and stand by you". (more...)
RBI expected to cut interest rate on Wednesday RBI expected to cut interest rate on Wednesday
- December 06, 2016

It has been widely expected that the Reserve Bank would go in for a rate cut, but it is not clear whether it will be a 25 or 50 bps cut. "After the unanimous rate cut call in the Monetary Policy Committee (MPC) and going through minutes of the meeting, we feel the RBI will go for another 25 bps rate cut in the December review". (more...)
B.C. Premier Clark backs Trans Mountain as opposition could get ugly B.C. Premier Clark backs Trans Mountain as opposition could get ugly
- December 06, 2016

He said he expected the decision to be "bitterly disputed" across the country, but said the project is in Canada's best interests. The Trans Mountain Pipeline was initially built in 1953 and has a current capacity of moving 300,000 barrels of oil a day, which requires 441 tanker railways to transport. (more...)
Carrier's parent company: No 'quid pro quo' with Trump Carrier's parent company: No 'quid pro quo' with Trump
- December 06, 2016

This tweet from President-elect Donald Trump has workers there wondering about their own jobs. Trump has also taken aim at Rexnord , another Indianapolis plant that plans to shutter and move hundreds of workers to Mexico in the coming months. (more...)
Oil Deal Marks New Era For OPEC
- December 06, 2016

OPEC and Russian Federation made a decision to reduce oil production. Doubts about the historic deal were widespread in the market. On Wednesday, the 14-member Organization of the Petroleum Exporting Countries finalized a deal that would see it lower its output by 1.2 million barrels a day for six months. (more...)
Score Review on Shares of Energy Transfer Partners, L.P. (NYSE:ETP)
- December 06, 2016

Sequoia Financial Advisors LLC now owns 3,013 shares of the company's stock valued at $393,000 after buying an additional 20 shares during the last quarter. Analyst's Analysis on Ambarella, Inc. Analysts on average are expecting revenue target $6,511.02M for next quarter (Quarter Ending Mar-17). Extending back, their 50-Day Simple Moving Average is 1.68%, looking even further back, their 200-Day Simple Moving Average stands at 21.49%. (more...)
Notable ExpertOpinion: Wynn Resorts Ltd. (NASDAQ:WYNN), BioMarin Pharmaceutical Inc. (NASDAQ:BMRN)
- December 06, 2016

The mean price target is calculated keeping in view the consensus of 32 brokerage firms. Susquehanna reissued a "neutral" rating and set a $105.00 price objective on shares of Wynn Resorts in a report on Thursday, September 8th. Stockholders of record on Thursday, November 17th were given a $0.50 dividend. Schaeffersresearch.com's news article titled: "Option Bulls React as Wynn Resorts, Limited (WYNN ) Fills Post-Earnings Bear Gap" with publication date: November 21, 2016 was also an ... (more...)
Trump clear on China's stance on call with Taiwan's Tsai: ministry
- December 06, 2016

Trump, who takes office in seven weeks, has already angered Beijing by speaking with Taiwanese President Tsai Ing-wen by telephone on Friday-believed to be the first from a US president or president-elect to Taiwan since 1979. Beijing views Taiwan as a province of China, whereas Taiwan - which has its own democratically elected government - has a more complicated view of the nations' relationship. (more...)

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