Markets

OPEC raises its forecast on global demand for oil

The EIA data did, however, show an unexpected drop in overall USA crude inventories, 2.2 million barrels over the week as imports declined by 717,000 barrels a day. Also, the 60- to 70-day lag between exports leaving the Arabian Gulf and arriving in major markets means the extent of OPEC supply cuts has yet to bite.

Ontario, Canada brings in foreign housing tax to cool market

Three levels of government facing a red-hot housing market in the Greater Toronto Area have agreed Tuesday not to introduce any measures that would further boost demand and drive prices even higher. The good news is that the measures announced today are unlikely to send the market into a tailspin. The proposed legislation includes expanding rent control, incentives for those who build rental housing and new tools that will allow Toronto city council to follow Vancouver's lead in imposing a ...

Netflix on the verge of hitting 100 million subscribers

For the earnings quarter that ended March 31, Netflix added just 5 million members in total: 1.42 million subscribers in the U.S. and 3.53 million subscribers internationally, both of which missed analysts' estimates. Amazon has had success with original programming like The Man in the High Castle, Transparent and Mozart in the Jungle , but hasn't been able to win over the water cooler conversation that Netflix has been able to do with Orange is the New Black, House of Cards and their ...

Trump admin. declines to brand China a currency manipulator

Trump repeatedly pledged in his election campaign to name China as a currency manipulator on his first day in office, but did not do so. China , Germany , Japan , Korea, Switzerland and Taiwan remained on a previously established watch list of countries in the Trump administration's first report on currency values.

BP's Alaska North Slope Well Stops Leaking Crude Oil

In general, oil companies have been producing oil and pumping associated natural gas back into reservoirs. According to a Sunday report from the Alaska Department of Environmental Conservation, the well is no longer spraying crude oil , as it was when employees of BP Exploration Alaska Inc.

Brief marriage precedes fatal San Bernardino school shooting

He had endured heart surgery and many other challenges presented by Williams syndrome , a rare neurodevelopmental disorder marked by cardiovascular disease, developmental delays and learning disabilities, as well as impressive creative talents.

Uber's revenue hits $6.5 billion in 2016, still makes large loss

If Uber Technologies Inc. had been a public company in 2016, it would have been among the top 10 biggest money losers. The results release comes soon after a slew of controversies and executive-level departures at the firm. Business Insider asked Uber for clarification on how entire UberPool fares can be counted towards revenue when it has to pay drivers out of those fares.

The Coca-Cola Co (NYSE:KO) & Vonage Holdings Corp. (NYSE:VG)

Jayanti is strong in the north, but according to the group's sales & marketing director, Rahul Jain, it is now expanding to southern markets, including Bengaluru. The original version of this article can be read at https://www.thecerbatgem.com/2017/04/11/capital-international-inc-ca-has-2-326-million-stake-in-the-coca-cola-co-ko.html.

Mexican government condemns violence in Venezuela

Monday's planned march is the latest in a series of anti-government protests held in Venezuela since a controversial decision by the country's Supreme Court to strip the National Assembly of its legislative powers. Lawmakers also said that an elderly woman asphyxiated to death in Caracas after tear gas entered her apartment during Monday's protests. "The crisis is not only political, but it is a humanitarian".

Vice Premier urges control on property development in Xiongan

Analysts said that Xiongan, some 100 kilometers southwest of downtown Beijing, will create fresh business opportunities. Aerial photo taken on March 31, 2017 shows Baiyangdian, North China's largest freshwater wetland, in Anxin county, North China's Hebei province.

Trump administration approves Keystone XL pipeline

Trump vowed that the pipeline would bring jobs, lower energy costs, and reduce America's reliance on foreign oil. The company has a total of US$15 billion in investment in oil and natural gas "that will create thousands of well-paying jobs and generate substantial economic benefits across the USA".

Google bets on another Asia-Pacific submarine cable

SubPartners CEO, Bevan Slattery concluded: "this cable system complements our global connectivity that links Asia, the US, Europe, Australia and the Middle East". "With Internet data consumption growing by 70 per cent in Asia previous year alone these sorts of investments in worldwide networks are critical for meeting the needs of connected consumers and businesses", Telstra group managing director of global services and worldwide, David Burns, said in a statement.

Company offers body cameras to every cop in the US

And Axon founder and CEO Rick Smith said he expects the body cameras will make it easier for officers to do their jobs, and will "drive important social change". "We're not just a Taser weapon, we're not just body cameras but we're all those things that plug in with a network of apps, people and devices", Tuttle said.

Wenger: Arsenal fans took top four for granted

Like Wenger, Danny Welbeck praised his team mates' character in fighting back, but conceded that there was room for improvement as Arsenal look to salvage a testing campaign. A reason for this is Arsene Wenger, the one that the supporters want to see leaving the club. "I'm not in politics ", said Wenger, who described the support of the fans on Sunday as outstanding.

Ford Motor Company (NYSE:F) & GameStop Corp

The end result: The annualized pace of USA auto sales has fallen to 16.7 million, versus an expected advance to a 17.2 million unit clip. Silverado's overall March sales fell 11.6%, and the Sierra declined by 14.3%. For example, General Motors Co (the #1 automaker in the US) reported only a 2 percent growth in sales last month-to 256,000-mostly as a result of the Tahoe and Suburban SUV models have their best sales month in almost a decade.

NJ Transit train derails at NY Penn Station

Amtrak owns and maintains Penn Station's tracks and infrastructure. Amtrak officials said they're not sure how long it's going to take to complete the repairs. He's absolutely correct that NJ Transit is the "absolute worst" and also "incompetent", but he didn't end up missing the game. NJ Transit officials said that the cause of the derailment was still under investigation.

House sends bill to Trump blocking online privacy regulation

Republicans and industry groups have criticised that discrepancy, calling it unfair and confusing for consumers. Supporters say federal laws and company policies will remain in place to protect consumer's personal information, but how much protection you have is now up for debate.

Extra Portion of SpaceX Rocket Recovered from Launch, Musk Says

Previously, the first stage of the rocket for the SES-10 mission flew in a cargo resupply mission to the International Space Station cargo for the the USA space agency NASA in April 2016. While this doesn't account for more than 30% of the overall cost of the rocket, getting it back as well would be a tremendous step forward for the company.

Anti-allergy medicine EpiPen recall expands to US

The EpiPen 0.3 mg has an expiry date of May 2017 and lot number 5GU763. EpiPens administer doses of epinephrine to patients with anaphylaxis - a serious allergic reaction that can be fatal if not treated immediately. Mylan has already issued a recall on several lots previous to Friday's announcement, but said they expanded it out of an abundance of caution. In a statement, the company warns that the potential defect could make it more hard to activate the device in an emergency ...

Trump's energy order may dilute Paris deal, greens fear

It also calls for a new analysis of the social cost of carbon which was fundamental to the cost-benefit analysis of climate change regulations including the Clean Power Plan. President Trump said on Tuesday as he signed the executive order. But tearing up Obama's Clean Power Plan does not change the path that Washington and most other states are already on - to meet or exceed the carbon reduction goals embedded in the plan.

Mylan says EpiPen manufacturing partner to expand device recall

The FDA said the number of reported failures is small, but the lots are being recalled because failure to activate and treat a severe allergic reaction is a life-threatening risk. The recalled product was manufactured by Meridian Medical Technologies and distributed by Mylan Specialty, according to the FDA's press release dated March 31, 2017.

Nasdaq Composite posts record close as financials lead USA stocks higher

Amazon .com was the top stock on the S&P and the Nasdaq , with a 0.5 percent gain. Canada's main stock index has been hovering near the break-even point today. The firm also said it expects to continue to grow its annual dividend at a high-single-digit to low-double-digit percentage range for a number of years.

Back to burgers: Carl's Jr. ditches bikini-clad ads

Hardee's Introduce "No Antibiotics Ever" ChickenUSAgNet - 03/30/2017Carl's Jr. and Hardee's , the sister quick service restaurant chains, added to its all-natural arsenal with the introduction of the all-natural, charbroiled chicken fillet with no antibiotics ever.

Lululemon Continues To See Significant Weakness After Initial Drop

Analysts at Wedbush maintain an Outperform rating on Lululemon's stock with a price target lowered to $64 from a previous $81. (LULU) is projected at 18.8 percent in the Current Quarter and 30 percent in the Next Quarter, according to analysts.

Amazon tests grocery pickup service in Seattle

But here's the interesting bit: the company is reportedly looking into how VR and augmented reality (AR) could help it achieve that goal. The store in Amazon's AMZN, +0.14% hometown of Seattle uses cameras, sensors and algorithms to watch customers and track what they pick up, according to the people.

Does President Trump Want Speaker Paul Ryan to Resign?

Noah said in the segment (above) Monday night after playing the clip of Pirro bashing the Speaker of the House for failing to deliver enough votes to pass the GOP's health care bill. There was a philosophy in some circles that if you can't pay for it, you don't get it. The Republicans are more afraid of the media than they are of you the voter.

Washington state leaders react after health care bill pulled

Long before Barack Obama took office, numerous most basic policy choices had been hashed out among health reform advocates, interest groups, and experts left and center, meeting in various configurations. "I was disappointed the Republicans never followed regular order or held public hearings, but at least the American people and my constituents can sleep tonight knowing they will be able to visit their doctor and receive the quality, affordable health care they deserve".

Dow and Dupont merger gets European Union go-ahead

In a joint statement, both companies praised the EU's decision as a "regulatory milestone" and "a significant step toward closing the merger transaction, with the intention to subsequently spin into three independent publicly traded companies".

Florida's Unemployment Rate Remains At 5 Percent

The rate was 3.8 percent last February. Macheras said Virginia's labor force grew by about 1.5 percent from February 2016 to February 2017, twice as fast as the national rate. Alabama's rate dropped from 6.4 percent in January to 6.2 percent, or 136,826 unemployed persons. The county's two largest cities, Los Angeles and Long Beach, reported rates of 5.1 percent and 5.3 percent, respectively.

Greenback on the defensive, gold rises

The tech-heavy U.S. Nasdaq Composite index briefly bucked the trend and hit a record intraday peak of 5,915.120 before edging lower. "The dovish rate hike, as it turned out to be, triggered short-covering and gold returned to relative safety above 1,221 an ounce", said Ole Hansen of Saxo Bank.

Legendary banker David Rockefeller dies at 101

Seitel . A devoted art collector, he chaired New York's Museum of Modern Art for many years, an institution his mother helped found in 1929. David Rockefeller, the USA banker, philanthropist, presidential adviser and heir to one of history's most fabled fortunes, has died.

Despite US Rate Increases, the Dollar's Biggest Gains Look Done for Now

The S&P 500 Index lost 0.2 percent to 2,381.38 at 4 p.m.in NY, while the Dow Jones Industrial Average fell 16 points to 20,934.55. The S&P 500 healthcare index dropped more than 1 percent while utilities fell 1.3 percent. That gradual pace is one reason investors remain enthusiastic about stocks in the face of rising rates, which historically have spooked stock holders because they can slow economic growth and corporate profits.

GoPro to Lay Off 17% of the WorkForce

In addition, Ritholtz Wealth Management's Josh Brown called it "one of the most beaten-up stocks of the last year" on CNBC's "Halftime Report" last month. (NASDAQ:RTIX) shares moved to $3.70 after starting the day at $3.75. (GPRO) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 54%.

Alabama jobless rate rises to 6.4 percent

He says the complete picture is one of a state economy approaching full employment. It was also well above the year-ago rate of 6.1 percent. Simplified, the numbers indicate that while there are more people looking for jobs, there also are more who already have them than this time previous year.

Winter Storm Impacts Flights at Lambert Airport

The markets affected include New York City , Newark, Boston, Washington D.C, Philadelphia and Baltimore. "Due to the potential impact of winter storm Stella on flight operations at United States east coast airports, several Emirates flights scheduled to operate on March 14 have been delayed or cancelled", said a spokeswoman for Emirates.

Starbucks stores in the USA and Canada getting limited-time spring cups

If you'd like to Sharpie in your own design (or distract from the fact your name got spelled wrong yet again), each cup also comes with a blank white drawing space. Cheer up! Spring is on its way. The Starbucks seasonal cups coming next week will have different colors for each drink size. Their first seasonally inspired cups arrived over 20 years ago making the colorful cups a bit of a tradition.

Preet Bharara Fired by Trump Team After Refusing to Resign

Preet Bharara took to Twitter to announce his firing yesterday afternoon. "I did not resign", he said. But one who refused to resign, outspoken Manhattan prosecutor Preet Bharara (pronounced buh-RAH'-ruh), was summarily fired by Trump, Bharara confirmed on Saturday.

American Airlines lowers Q1 unit revenue forecast

The stock stands almost -11.26% off versus the 52-week high and 81.84% away from the 52-week low. TD Asset Management Inc. increased its position in American Airlines Group by 7.0% in the third quarter. American Airlines Group's dividend payout ratio (DPR) is presently 8.37%. Analysts give HIG a mean recommendation of 2.70. 12/15/2016 - Barclays began new coverage on American Airlines Group, Inc.

NY Decreases Position in Dicks Sporting Goods Inc (DKS)

Yet, its stock is down 8.6% since yesterday's close thanks to a massive sell-off spurred by the company lowering its first quarter estimates. Dick's Sporting Goods, Inc .'s 20-Day Simple Moving Average is -0.11%. raised its position in shares of Dicks Sporting Goods by 10.0% in the third quarter. Shares, battered 16 percent over the past three months, lost another 3 percent premarket to $51.06.

United Kingdom economy will grow 1.6% this year, says OECD

The Economic Outlook report projected the USA economy to grow by one percentage point to 2.4 percent this year on strong domestic demand. However, it warned that the "projected modest upturn" could be derailed by a number of factors, including the possibility of a downturn in markets, greater barriers to trade set up by governments, and uncertainties about the path of interest rates around the world.

Russia, Iraq say too soon to talk of extending oil output curbs

It is too soon for the world's top oil exporters to discuss extending a historic deal to curb output beyond June, oil ministers from Iraq and Russian Federation said on Monday at the CERAWeek conference in Houston. "We may see markets tighten around 2020 and spare production capacity shrink big time". "And unless investments globally rebound sharply, a new period of price volatility looms on the horizon".

IRS Has $1 Bln. In Unclaimed Tax Refunds From 2013

The significant slowdown earlier in the month was said to be due to the IRS's delay until February 15 in processing returns claiming the earned income tax credit and the additional child tax credit . Ed Villanueva is a local tax agent who said he gets many clients asking about refunds from previous years. In general, the IRS estimates the midpoint for potential refunds for 2013 to be $763; half of the refunds are more than $763 and half are less.

ROE of General Electric Company (NYSE:GE) stands at 9.8

Finally, Voloridge Investment Management LLC bought a new position in General Electric Company during the second quarter valued at approximately $55,442,000. This represents a $1.92 annualized dividend and a yield of 3.18%. Portland General Electric Company now has a MF Rank of 7660. If you are viewing this story on another website, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws.

Eurozone inflation above target for first time in 4 years

However, core inflation, which does not include the most volatile prices like energy and food, was stable at 0.9 per cent, having last risen in December from 0.8 per cent. "Psychologically, 2 percent inflation could be important and there will be more pressure building on the European Central Bank to taper - especially if the economy continues to grow", said KBC strategist Piet Lammens.

Snap Inc to raise $3.4b ahead of NYSE debut

And though Snap has yet to make a profit - the company lost $515 million past year, many analysts say one of the biggest worries investors have about the deal is the fear of missing out. At the same time, it's important to take into account that technology companies are always trying on new things and working on experiments, but only a few of those projects actually make it to market.

Surprise! Illegal alien detained after holding new conference

It wasn't until a few weeks ago that she'd been able to come up with the $495 filing fee. But they say Vargas has been in the USA since her parents brought her here from Argentina at the age of 7. This is the life that she knows. Vargas believes the USA needs a "path for citizenship" for DACA recipients and "also for the other 11 million undocumented people with dreams".

Iraq to be excluded from Trump's travel ban

The administration's previous travel ban was blocked by a federal court. Trump is expected to issue a new executive order as soon as Wednesday, and US officials say it would continue to call for keeping citizens from Iran, Libya, Somalia, Sudan, Syria and Yemen from entering the United States.

India's annual economic growth slows to 7 percent in December quarter

Accordingly, Moody's has revised its real GDP growth forecast to 2.4 per cent in 2017 and 2.5 per cent in 2018, from 2.2 per cent and 2.1 per cent, respectively. The per capita net national income (current price) during 2016-17 is estimated to be Rs1,03,818 showing a rise of 10.2 per cent compared to Rs94,178 during 2015-16 with the growth rate of 8.9 per cent.

Canberra's retail, hospitality workers speak on Fair Work Commission rate cuts

For the 40 per cent of retail workers who are students, weekend trading means being able to earn money at the times most convenient for them. Full-time and part-time hospitality workers will have their Sunday penalty rate cut from 175 per cent to 150 per cent.

Montreal is Canada's most congested city; LA leads the world

Miami ranked 11th, Washington, D.C., was 15th, Dallas was 16th, Boston was ranked at No. 18 and Chicago at No. 19. Denizens of the California city spent a crazy-making 104 hours each driving in congestion during peak travel periods previous year.