Markets


Amazon Unveils 1st Of Its Prime Air Cargo Planes Amazon Unveils 1st Of Its Prime Air Cargo Planes
- August 06, 2016

Even if it did, FedEx, for example, has said that no single customer accounts for more than 3 percent of its revenue. Amazon is now bringing the same technological expertise to efforts in the transportation space to increase shipping capacity for its customers. (more...)
Tesla Motors confirms plans to launch Model Y
- August 06, 2016

Moving a step closer to Tesla CEO Elon Musk's dream of combining electric auto and solar panel companies, the vehicle producer announced in late second quarter its plan to acquire the solar installation company SolarCity. Wall Street had expected a non-GAAP loss of 59 cents a share, according to analysts polled by FactSet Research Systems Inc. Revenue , however, at $1.6 billion as measured by the company, was better than the $1.533 billion that was forecast. (more...)
Texas Agrees on Changes to Voter ID Law Texas Agrees on Changes to Voter ID Law
- August 06, 2016

A federal judge must approve the agreement. In Texas, for instance, the district court found that some 600,000 eligible voters didn't have one of the IDs required under state law to cast a ballot. "This case is not over", Paxton spokesman Marc Rylander said. We applaud the decision of the Attorney General of Texas to agree to these very sensible procedures. (more...)
Howard County releases Ellicott City flood 911 calls Howard County releases Ellicott City flood 911 calls
- August 06, 2016

Dramatic video captured several men creating a human chain to save a woman trapped in a auto being swept away by floodwaters in Howard County, Maryland on Saturday. According to NOAA the rainfall amounts that fell in as little as 10 minutes to as long as 2 hours statistically had "less than one tenth of one percent (less than 0.1 percent) chance of occurring in any given year". (more...)
N Carolina voter ID ruling means another election disruption N Carolina voter ID ruling means another election disruption
- August 06, 2016

In the Wisconsin decision , U.S. District Judge James Peterson concluded the state's restriction on early voting "intentionally discriminates on the basis of race" because it "was specifically targeted to curtail voting in Milwaukee without any other legitimate goal". (more...)
Time Warner invests almost $580M in Hulu
- August 06, 2016

Individual networks like CBS and, yes, Time Warner's own HBO have launched stand-alone streaming apps. Hulu's new livestreaming service is set to launch early next year . Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015. Excluding items, the company earned US$1.29 per share, compared with the average analyst estimate of US$1.16. (more...)
Tesla Q2 2016: Revenue falls short but orders are going strong
- August 06, 2016

Tesla Motors (TSLA) was trading up Thursday after posting quarterly earnings that missed estimates but showed improvements in electric-car production. In its shareholder letter , the company claimed that it finished the second quarter making 2,000 vehicles per week, totalling 18,345 vehicles produced during the quarter. (more...)
Trump Reverses, Says He Didn't See Iran Cash Video
- August 06, 2016

Trump asked at a rally in ME, according to the Huffington Post . On Twitter Friday morning, Trump wrote that he didn't actually see a " top secret " video showing money being unloaded from a plane in Iran. Several senior USA officials involved in the Iran negotiations have said they were not aware of any such footage. Donald Trump has announced his team of economic advisers and it includes numerous people who have been already helping his campaign. (more...)
Tesla posts 13th straight quarterly loss
- August 06, 2016

The company produced 18,345 vehicles during the April-to-June period, a quarterly record, but many were produced so late in the quarter that it delivered only 14,402, which was short of its goal. In the second quarter Tesla completed the design work on its Model 3 sedan and intends to start production before the end of the year. Its been a turbulent quarter for Palo Alto, California-based Tesla . (more...)
Tesla loss widens as company works to speed production Tesla loss widens as company works to speed production
- August 06, 2016

However, offsetting the increased revenue performance is the higher operating expenses of Tesla Motors, which was reported at $512.8 million compared with $383.6 million in last year's second quarter. If you are a Tesla investor, the company has pertinent updates for you: one good, one bad. It delivered 14,370 vehicles over the three months while its target was 17,000. (more...)
U.S. crude remains below $40 as oversupply still weighs U.S. crude remains below $40 as oversupply still weighs
- August 06, 2016

Oil traded near a four-month low in NY on signs the global supply surplus persists even as stockpile declines in the USA pare the excess. Still, analysts say that production overhangs in both crude and refined products continue to weigh negatively on the oil market. (more...)
Clinton extends lead over Trump to 8 points
- August 05, 2016

In a four-way race that includes Libertarian Gary Johnson and the Green Party's Jill Stein, Clinton's lead is up to 17. The Democrat is leading in MI, one of the key states in deciding this year's presidential election. "This would be the end of any other Republican candidate in the history of the country". Fifty percent are happy with Trump , while 49 percent would rather have someone else, the poll finds . (more...)
Oil prices bounce after United States gasoline inventory draw Oil prices bounce after United States gasoline inventory draw
- August 05, 2016

The price of USA crude dipped under $40 this week for the first time since April. International Brent crude futures were trading at $43.39 per barrel, up 29 cents, or 0.7 percent, from their last close. The US government's Department of Energy revealed that motor fuel reserves sank 3.3 million barrels in the week ended July 29 . The glut has led many traders to predict lower prices going forth. (more...)
Kaine Set to Rally in Virginia as Democratic VP Candidate
- August 05, 2016

Outside, a few members of Donald Trump's Virginia campaign said just because he's from the Commonwealth doesn't mean Virginia will support the Clinton-Kaine ticket. The fact that they attend a black church is just one more way in which the Kaine's are different than the average political family. Khizr and Ghazala Khan, parents of the Army officer, appeared on stage at the Democratic National Convention last week in a defining moment when Khizr Khan held up a copy of the Constitution and ... (more...)
Oil prices bounce on US gasoline stock draw Oil prices bounce on US gasoline stock draw
- August 05, 2016

West Texas Intermediate for September delivery lost as much as 43 cents to $41.50 a barrel on the New York Mercantile Exchange and was at $41.57 at 11:36am. Prices dropped below $40 a barrel on Monday, the first time since April. Cushing inventory fell by 1.3 million barrels, according to the API. Oil prices have been under negative pressure because of concerns some of the surge in demand that pulled the price per barrel above $50 earlier this year was starting to fade. (more...)
Violence in Kashmir 'open terrorism': Nisar to SAARC
- August 05, 2016

Singh called for "strongest action not only against terrorists or organisations but also against those individuals, organisations and nations". He suggested that effective measures should be taken to ensure that those involved in terrorist acts do not escape prosecution and punishment, and are extradited so that they can not escape prosecution. (more...)
Corbyn Wins Union Backing In Leadership Race
- August 05, 2016

The victor of the contest will be announced at a Leadership Conference on September 24. The CLP voted 64 to 54 in favour of Corbyn over rival Owen Smith. I'm not a dictator and if they want that, that's not me". Jeremy Corbyn pledged to ban zero-hours contracts while running for the leadership in 2015 and has repeated the promise since then. (more...)
Tesla (TSLA), SolarCity (SCTY) Stumble on $2.6 Billion Buyout