Markets


US Shale Producers To Gulp Saudi Market Share Of Oil US Shale Producers To Gulp Saudi Market Share Of Oil
- December 30, 2016

February contracts for global benchmark Brent crude was also up 1.5 per cent, settling around US$55.90. OPEC member Venezuela also said it will cut 95,000 bpd of oil production in the new year. Global oil markets will be closed Monday. Before the bell, the U.S. Labor Department reported first-time claims for unemployment last week declined 10,000 from the previous week and the less-volatile four-week moving average was down 750 from last week's estimate. (more...)
Good News! Snapdeal & Reliance Jio Join Hands For The Next Big Thing Good News! Snapdeal & Reliance Jio Join Hands For The Next Big Thing
- December 30, 2016

Reliance Jio's Happy New Year offer, which gives free 4G data and voice calls free till March 31, 2017, is a generous extension of the original Welcome Offer by the new telco and a disruptive move to counter incumbent players. Snapdeal has announced that the company will select its premium customers and send out an email to them informing about the offer. Reports added that users who have been offered free SIM cards will not have to bear any costs associated with delivery expenses. (more...)
China opens world's highest bridge to traffic China opens world's highest bridge to traffic
- December 30, 2016

The Beipanjiang Bridge connects the Guizhou and Yunnan provinces, and is expected to cut travel time by nearly four hours between provinces, as well as attract new investment. For comparison's sake, the Golden Gate Bridge in San Francisco is 220 feet high, and New York's One World Trade Center - the tallest building in the US - is 1,776 feet high. (more...)
United Nations has failed to solve global problems, says Trump United Nations has failed to solve global problems, says Trump
- December 30, 2016

When do you see the United Nations solving problems? "They [Israel] used to have a great friend in the USA, but not anymore", Trump said . Habayit Hayehudi leader and Education Minister Naftali Bennett also thanked Trump, tweeting , "We've stayed strong for 3000 years; we can surely stay strong for another 30 days!" "The United States is not only the main donor of the United Nations but a fundamental element in its actions". (more...)
Brent Oil paused by the Crude Oil Inventories release December 29, 2016
- December 30, 2016

OPEC and 11 nations from outside of the group including Russian Federation have agreed to trim about 1.8 million barrels a day next year. Overall, the U.S. The OPEC deal might have revived oil prices for now, but a combination of elevated inventories and the threat of lower demand growth in China in 2017 could come back to spook oil markets as they recover steadily. (more...)
UFC 207: Amanda Nunes looks to hunt down Ronda Rousey UFC 207: Amanda Nunes looks to hunt down Ronda Rousey
- December 30, 2016

It's not often White sits down with the media anymore, so this was well received. You can't hide a lack of preparation or fragile psyche inside the cage and the best way to prove you're back to being the baddest woman on the planet is to walk out at UFC 207 and deliver the kind of performance that earned you that distinction in the first place. (more...)
John Wetzel: Modify the Electoral College system John Wetzel: Modify the Electoral College system
- December 30, 2016

Even Trump has complained about the electoral college. He further states that candidates would campaign in only those three states. Meanwhile, Clinton fell short of Obama's 2012 popular vote totals by about 70,000. The 69-year-old former Secretary of State also encouraged supporters to keep participating in the political sphere. This would have states mandate that their electors vote for the victor of the national popular vote. (more...)
Stock Unable to Reverse Downward Trend: Valeant Pharmaceuticals International, Inc. (NYSE:VRX)
- December 30, 2016

RBC Capital Markets maintained Valeant Pharmaceuticals Intl Inc (TSE: VRX ) on Monday, June 20 with "Sector Perform" rating. Valeant Pharmaceuticals International, Inc., incorporated on August 9, 2013, is a specialty pharmaceutical and medical device company. (more...)
Toshiba Dives Down By 20% Toshiba Dives Down By 20%
- December 30, 2016

O'Sullivan noticed the obtaining in December 2015 harmonized with the finishing of a record fine by Japanese controllers for bookkeeping abnormalities at Toshiba, showing that corporate administration controls were to a great degree frail. CB&I received no upfront payment for the sale of the nuclear construction business, but stood to receive earnouts based on the progress of the completion of two US projects by Stone & Webster: a nuclear power plant in Georgia for Southern Co and two reactors ... (more...)
Advanced Micro Devices, Inc. (NASDAQ:AMD) Insiders Look Pessimistic About Prospects Advanced Micro Devices, Inc. (NASDAQ:AMD) Insiders Look Pessimistic About Prospects
- December 30, 2016

Investors Asset Management of Georgia Inc. Nationwide Fund Advisors now owns 1,867,494 shares of the semiconductor manufacturer's stock valued at $12,904,000 after buying an additional 21,322 shares during the period. Several research analysts have recently weighed in on the company. The stock has a consensus analyst price target of $2.52for twelve month. The company now has a consensus rating of "Hold" and an average target price of $8.14. (more...)
Madrid announces traffic restrictions as pollution levels rise Madrid announces traffic restrictions as pollution levels rise
- December 30, 2016

The move to ban half of cars is level three on a scale of four anti-pollution measures. If motorists ignore the ban, which will be in force between 6.30am and 9pm, then they will be fined €90 (about £77). "The current thermal pressure is impeding that ventilation". The measure implemented by the city hall, which has been led by an alliance of leftist groups since 2015, sparked criticism from the conservative Popular party (PP) which ruled Madrid for almost a quarter of a century and ... (more...)
Florida State cornerback wants to piss off Jim Harbaugh in Orange Bowl Florida State cornerback wants to piss off Jim Harbaugh in Orange Bowl
- December 30, 2016

But they didn't make it. "We call it 'Doak South, '" Cook told reporters Wednesday during an Orange Bowl news conference. "Winning the Orange Bowl championship is our goal now". What might not be so immediately apparent, though, is the way he leads his teammates through his work ethic away from the field. Like numerous guys above me, I think we are in for a low-scoring affair in Friday night's matchup. (more...)
Ford Motor Company (NYSE:F) Broker Price Targets For The Coming Week Ford Motor Company (NYSE:F) Broker Price Targets For The Coming Week
- December 30, 2016

In case of Revenue Estimates, 8 analysts have provided their consensus Average Revenue Estimates for General Motors Company as 40.27 Billion. Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Ford Motor Company (NYSE:F). (more...)
Twenty-First Century Fox Inc. (FOX) Upgrade by The Zacks Investment Research
- December 30, 2016

P/E (price to earnings) ratio is 18.57 and Forward P/E ratio of 13.32. The stock is now trading at Distance from 20-Day Simple Moving Average of 1.45% while its Distance from 50-Day Simple Moving Average is 4.61 Percent. McDonald's Corp. (NYSE:MCD) belongs to Retail-Wholesale sector closed its last session with a loss of -0.32 percent and closed its previous trading session at $122.68. (more...)
Sensex rises 155 points, Nifty reclaims 8100 level Sensex rises 155 points, Nifty reclaims 8100 level
- December 30, 2016

On the Sensex, NTPC (1.68 percent) and Tata Motors (1.64 percent) were the top gainers on the index. BSE Midcap index rose 0.3 per cent while Smallcap index jumped 0.4 per cent. Out of 2747 stocks traded on BSE, 1683 stocks moved up. IFC holds around 3 per cent stake in the stock exchange. Asian equity markets ended mixed on Thursday, with the Japanese shares closing lower as weakness on Wall Street and a stronger yen hurt sentiment. (more...)
Twitter CEO considers implementing an edit function Twitter CEO considers implementing an edit function
- December 30, 2016

Dorsey also posed the same question about his company Square, a mobile payment solutions platform, the same day. The responses flooded in. However, there is the possibility that an edit button will do more harm than good. "We're thinking a lot about it". The request for an edit button for tweets came up multiple times, and Dorsey seemed to signal that the company is gearing towards a time-limited window to allow for the correction of typos right after a tweet was sent. (more...)
Run-DMC Sues Amazon, Walmart For $50 Million Run-DMC Sues Amazon, Walmart For $50 Million
- December 30, 2016

The lawsuit lists glasses, hats, t-shirts, patches, wallets and other items as being deceptively sold as though they are distributed by the actual Run-DMC brand. It also states the Run-D.M.C. brand has produced revenue in excess of $100 million from the intellectual property associated with the trademark "RUN-DMC" since its inception in the 1980s, including the sale of music, music publishing, concerts, merchandising and endorsement deals. (more...)
North: Booze ban New Year's Eve, buy tix in advance North: Booze ban New Year's Eve, buy tix in advance
- December 30, 2016

Good news for those are trying to go out and about on New Year's Eve and don't want to drive. All routes that normally run on a Saturday, except for Routes 80 and 84 (serving the UW-Madison campus), will be running, but some routes will be ending before 3:30 a.m., so the free ride schedule should be checked. (more...)
As mortgage rates march higher, a few reasons not to panic As mortgage rates march higher, a few reasons not to panic
- December 30, 2016

Investors have bid rates higher out of the belief that the president-elect's plans for tax cuts and higher infrastructure spending will increase economic growth and inflation. For example, the average rate on a 15-year fixed-rate mortgage is now 3.5 percent, rising from 3.37 percent. However, the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.30 percent this week, down from last week when it averaged 3.32 percent. (more...)
FTSE 100 Index records a new all-time closing high FTSE 100 Index records a new all-time closing high
- December 30, 2016

The top-flight index of Britain's biggest listed companies rose 37.91 points to 7106.08 on its first day of trading since Christmas amid the traditionally strong "Santa rally" between now and the New Year. Investors boosted gold as the yield on 10-year USA bonds fell while the dollar fell to a 15-day low against the yen. Aer Lingus and British Airways owner International Consolidated Airlines was seeing contrasting fortunes, down almost 3%, followed close behind by low-priced rival EasyJet, ... (more...)