Markets

Markets Crude Oil Approaches $50 As Rally Continues
Author: 0 Crude Oil Approaches $50 As Rally Continues

Global benchmark Brent crude futures, the benchmark for oil prices outside the USA, fell 0.13% to $55.09 a barrel. Oil prices continued to climb Thursday, rising for a fourth straight day on shrinking global inventories and a bullish forecast for demand.

Markets Electric cars: China to ban petrol and diesel
Author: 0 Electric cars: China to ban petrol and diesel

Countries like France and the United Kingdom have already announced a ban on the sales of fuel-burning cars at some point in the future, the furthest away being 2040. GM, Volkswagen, Ford , Daimler and many other automakers also have plans to beef up NEVs production. Norway: The government's transportation plan outlines a clear target: All new passenger cars and vans sold in 2025 should be zero-emission vehicles.

Markets US House passes self-driving cars bill
Author: 0 US House passes self-driving cars bill

Meanwhile, Transportation Secretary Elaine Chao is scheduled to release revised self-driving guidelines during a speech next Tuesday in Ann Arbor, Mich. And, states could still set rules on registration, licensing, liability, insurance and safety inspectors. When enacted, the law will enable auto-makers and tech companies to test 25,000 vehicles in the first year and increase the number to 100,000 experimental self-driving vehicles in three years of time.

Markets Two new hurricanes form in the Atlantic
Author: 0 Two new hurricanes form in the Atlantic

Jose is about 1,000 miles east of the Lesser Antilles, a group of islands in the Caribbean, according to the National Hurricane Center . The US National Hurricane Center says Tropical Storm Jose is gaining strength in the central tropical Atlantic.

Markets Hewlett Packard Enterprise's (HPE) Buy Rating Reaffirmed at Jefferies Group LLC
Author: 0 Hewlett Packard Enterprise's (HPE) Buy Rating Reaffirmed at Jefferies Group LLC

The technology business posted $0.30 EPS (EPS) for the period, exceeding Zacks' average forecast of $0.26 by $0.04. Analysts on an average were expecting a profit of 40 cents a share, according to Thomson Reuters. The firm has "Buy" rating by Argus Research given on Thursday, December 3. The shares price go down so far this year; showing a decline of -17.45% and dropped with negative flow of -20.28% during recent week.

Markets Fed Vice Chair Fischer Stepping Down, Citing 'Personal Reasons'
Author: 0 Fed Vice Chair Fischer Stepping Down, Citing 'Personal Reasons'

In his resignation letter, Fischer said it has been a "great privilege to serve on the Federal Reserve Board, and, most especially, to work alongside Chair Yellen". Fischer - but the Senate has yet to vote. The resignation of Stanley Fischer, 73, creates another vacancy on the council that oversees the USA central bank.

Markets Man arrested, homes burn in Ponderosa Fire
Author: 0 Man arrested, homes burn in Ponderosa Fire

Bureau of Land Management spokesman John Gaffney told the Reno Gazette-Journal on Friday that the fire had burned 83 square miles and was spreading in all directions, fueled by volatile cheat grass. Ten homes have been destroyed and 500 more are threatened near the Northern California town of Oroville. The SuperTanker is battling the Ponderosa Fire , 10 miles east of Lake Oroville in California.

Markets US Economy Added 156000 Jobs, Unemployment Remains Near 16-Year Low
Author: 0 US Economy Added 156000 Jobs, Unemployment Remains Near 16-Year Low

Across the economy, there was a net gain of 156,000 jobs, which was tens of thousands less than the prior month. The annual increase in average hourly earnings was 2.5% for a fifth straight month. Employment growth has always been expected to slow, though, as slack in labour markets is absorbed. Pay usually rise 3% to 4% a year at this stage of an economic recovery, but a slew of factors including global competition and the retirement of higher-paid baby boomers may be holding wages back.

Markets QuikTrip to release pumpkin pie, pumpkin spice flavored items soon
Author: 0 QuikTrip to release pumpkin pie, pumpkin spice flavored items soon

After teasing fans for days, Starbucks has begun pouring its extraordinarily popular drink, but not everywhere. If you're ready to get your hands on a Pumpkin Spice Latte aka PSL, get excited, they're here! As Instagram and Facebook posts pointed out, several people have already walked into their local Starbucks and successfully ordered the drink - even though it hasn't officially been announced , and it shouldn't, technically, be on the menu just yet.

Markets Colonial says fuel lines east of Lake Charles, La., operational
Author: 0 Colonial says fuel lines east of Lake Charles, La., operational

That amounts to nearly 24 percent of all USA capacity. As refineries along the Gulf Coast turned off the lights, Colonial, which carries fuel from Gulf Coast refineries to the East Coast, indicated that portions of its two main Lines 1 and 2 west of Lake Charles , Louisiana , would be offline and operating at reduced rates east of Lake Charles.

Markets Alexa and Cortana to join forces
Author: 0 Alexa and Cortana to join forces

While the move is geared toward consumers, it also has deep ties in the enterprise and could set the stage for future deals. Amazon and Microsoft seem to be forging a closer partnership to see off the threat from Google Assistant, which has recently tied up with United States retailer Walmart, and the two assistants seem to complement each other.

Markets Apple in play as Toshiba misses sale deadline
Author: 0 Apple in play as Toshiba misses sale deadline

Toshiba said that none of the bidders had taken pole position in the auction: "At this point, Toshiba has not made any decision to reduce the pool of candidate purchasers", the company said in a statement . Yasuo Naruke, head of the chips business, is an outspoken critic of the Western Digital proposal, the people said, while the METI bureau involved in the talks is led by Tatsuya Terazawa.

Markets Apple to build $1.3 billion data center in Iowa
Author: 0 Apple to build $1.3 billion data center in Iowa

The two 400,000-square-foot state-of-the-art facilities - to be built on 2,000 acres in Waukee, which is 18 miles west of Des Moines - will run entirely on renewable energy to power North American users of Apple products and services and will create more than 550 construction and operations jobs in the Des Moines area, Tim Cook said.

Markets Is Selling JM Smucker Co (SJM) Here a Winning Strategy?
Author: 0 Is Selling JM Smucker Co (SJM) Here a Winning Strategy?

Capstone Asset Mgmt Communications has invested 0.07% in J M Smucker Co (NYSE: SJM ). Breaking that down further, it has performed -3.52% for the week, -1.79% for the month, -6.97% over the last quarter, -15.61% for the past half-year and -17.25% for this a year ago.

Markets Kushner holding peace talks in Middle East
Author: 0 Kushner holding peace talks in Middle East

The son-in-law of the United States president is on a seven-country tour of Middle East countries to hold discussions with officials in order to revive the Palestinian-Israeli peace process, which has broken down in 2014. Kushner is beginning a push for peace talks with Israeli and Palestinian leaders. Kushner is scheduled to meet Palestinian Authority President Mahmoud Abbas on Thursday evening.

Markets Oil price drops as IEA speculates
Author: 0 Oil price drops as IEA speculates

Also helping push prices higher were unconfirmed reports that one of America's biggest oil refineries (owned by Exxon in Texas) had been forced to close part of a major production unit. 3 million barrel draw in domestic crude inventories. EIA forecasts show that USA shale oil production is expected to rise further and touch a record high in September.

Markets Suspects in hair stylist stabbing brought back to Chicago
Author: 0 Suspects in hair stylist stabbing brought back to Chicago

Prosecutors said Lathem picked Warren up at O'Hare Airport a few days prior to the brutal killing of Trenton H. James Cornell-Duranleau, who was found dead inside Lathem's River North condo on July 27. Cornell-Duranleau arrived at Lathem's residence that evening, according to police, who said the two were seen on surveillance video entering the building together.

Markets Two dead and six injured in Finland knife attack
Author: 0 Two dead and six injured in Finland knife attack

Police officers stand next to a person lying on the pavement in the Finnish city of Turku where several people were stabbed on August 18, 2017 . One person has been shot and arrested after being shot in the leg , by police in the Finnish city of Turku , according to police.

Markets Saudi Arabia reopens Qatar border to pilgrims
Author: 0 Saudi Arabia reopens Qatar border to pilgrims

The Salwa border crossing had been shut after Saudi Arabia, along with the United Arab Emirates (UAE), Egypt and Bahrain severed diplomatic and trade ties with Qatar in June, accusing it of supporting and funding Islamist extremist groups.

Markets Investment Dollars Pour into India's Ecommerce Sector
Author: 0 Investment Dollars Pour into India's Ecommerce Sector

Flipkart has now raised more than $6 billion in cash since starting out in 2007, by far the highest by any Indian start-up and among the highest by any start-up globally. "SoftBank's proven track record of partnering with transformative technology leaders has earned it the reputation of being a visionary investor", the co-founders said in the statement.

Markets Dutch farmers 'powerless' on contaminated eggs
Author: 0 Dutch farmers 'powerless' on contaminated eggs

It said there was no evidence that eggs laid in the United Kingdom are contaminated or that Fipronil has been used inappropriately in the United Kingdom farms - where 85 per cent of the eggs consumed in Britain are laid. "Investigations to date indicate that any affected products are no longer on the shelves". Belgian officials said on Saturday they had kept the problem secret and failed to trigger the EU's worldwide food safety alert system, but said it was because of a fraud probe.

Markets 3 wounded in shooting at popular park in San Francisco, police say
Author: 0 3 wounded in shooting at popular park in San Francisco, police say

One person was taken to a hospital with life-threatening injuries, he said, while the other two were expected to survive. Two people directly behind him were struck, one in the head and another in the leg, Hatter said, while he escaped with a leg injury, possibly from a fragment of a ricocheting bullet.

Markets Real GDP Grew by 2.6% in the Second Quarter
Author: 0 Real GDP Grew by 2.6% in the Second Quarter

Defense spending by the federal government had a banner quarter, rising at the fastest pace in six years at 5.2 percent, more than offsetting the drop in non-defense spending which sank 1.9 percent, the biggest loss since 2013. Wall Street still expects some kind of tax-cut package to move through Congress by early next year. Household outlays rose at a 2.8% pace, an improvement from the first quarter's 1.9%.

Markets Siemens divests from Russian power firm
Author: 0 Siemens divests from Russian power firm

Siemens, which owns 46 per cent of the joint venture, said the move was a breach of its contractual agreements and of European Union regulations. That followed a report in the Sueddeutsche Zeitung newspaper that said Russian President Vladimir Putin gave the assurance personally to Germany's foreign minister, Sigmar Gabriel , in September.

Markets Possible Scripps-Discovery Merger Boosts Both Stocks
Author: 0 Possible Scripps-Discovery Merger Boosts Both Stocks

KCG Holdings Inc.'s holdings in Scripps Networks Interactive were worth $2,227,000 as of its most recent SEC filing. Following the transaction, the insider now directly owns 78,323 shares of the company's stock, valued at approximately $5,455,196.95.

Markets Trump's election panel puts hold on voter data request
Author: 0 Trump's election panel puts hold on voter data request

The two new lawsuits add to the potential roadblocks faced by the commission, whose request for voting information from more than 150 million registered voters has drawn bipartisan criticism across the states as an assault on privacy and states' rights and a stealth attempt at voter suppression.

1 2 3