• US President Vows Support To Japan After North Korean Missile Launch

    Economy

    British Prime Minister Theresa May has condemned North Korea's ballistic missile test over Japan and refused to rule out using cyber warfare, or even taking part in military action. Before the meeting, May described Japan as "the UK's closest security partner in Asia" and a "like-minded partner". Earlier this month, North Korea said it was planning to launch four Hwasong-12 rockets that would fly over Japan and hit the water around 30 to 40 kilometres away from the USA territory ...
  • The Current Analyst Recommendations for Newmont Mining Corporation (NEM), Kennametal Inc. (KMT)

    Economy

    Shares are clocking price at $38.04 with change of -0.68%. The stock increased 1.12% or $0.75 during the last trading session, reaching $67.85. For this year, Newmont Mining Corporation (NYSE: NEM ) is performing 11.65%. Pittenger Anderson reported 48,741 shares. Moreover, Utah Retirement Systems has 0.08% invested in Newmont Mining Corp (NYSE:NEM). 6,468 were accumulated by Bb&T Securities Limited Liability Company.
  • Mgic Investment Corporation Wis (NYSE:MTG) Short Interest Decreased By 7.54%

    Economy

    Over the last three months, the shares of the company have changed 3.64% and performed 7.80% over the last six months. About shares traded. Superior Energy Services, Inc. Citigroup has 0.01% invested in Green Dot Corporation (NYSE:GDOT) for 331,237 shares. Vanguard Grp Inc holds 0.02% of its portfolio in MGIC Investment Corp.
  • Harvey knocks out more refineries, shifting global oil flows

    Harvey knocks out more refineries, shifting global oil flows

    Economy

    There might also be around 300,000 bpd of onshore US production shut in, trading sources said. Pipelines were closed, potentially stranding crude in West Texas and interrupting gasoline supply. Customs data compiled by Bloomberg. US offshore regulators estimated that, as of Monday, about 19 percent of the total daily production from the Gulf of Mexico was idled by the storm, which remains parked over parts of south Texas.
  • Will Amazon's Whole Foods Price Cut Pay Off?

    Will Amazon's Whole Foods Price Cut Pay Off?

    Economy

    Amazon first announced its intention to acquire the Whole Foods supermarket chain in June. The deepest discounts came from the dairy/yogurt category (5.6%), but 78% of the 114 products he tracked didn't see any discounts, meaning it remains to be seen how far Amazon will go with its price cutting.
  • The AVEO Pharmaceuticals, Inc. (AVEO) Shares Gap Up on Analyst Upgrade

    Economy

    The stock had previously closed at $3.80. Investors measure stock performance on the basis of a company's earnings power. According to Financial Times, The 17 analysts offering 12 month price targets for Weibo Corp (ADR) have a median target of 100.00, with a high estimate of 105.00 and a low estimate of 50.00.
  • Qantas re-routes Sydney-London flight through Singapore instead of Dubai

    Qantas re-routes Sydney-London flight through Singapore instead of Dubai

    Economy

    Australia is among the Singapore airport's top five country markets in terms of passenger traffic - with more than 5.5 million passengers travelling between Singapore and Australia every year. For Emirates passengers, the partnership provides access to over 60 Australian destinations not now served by that airline, and for Qantas , it gives access to over 40 cities in Europe, the Middle East and North Africa, not served by Qantas .
  • No breakthrough for Toshiba, Western Digital on memory unit sale

    No breakthrough for Toshiba, Western Digital on memory unit sale

    Economy

    The Japanese conglomerate said in a statement following a board meeting that it "has not made any decision to reduce the pool of candidate purchasers" of Toshiba Memory Corp. The bid trumps the 1.9 trillion yen offered by the Western Digital-led consortium, which also includes USA private equity firm KKR & Co LP. Bain's new offer is created to get around that problem by inviting state-backed investors to invest in the business only after any arbitration with Western Digital is settled, ...
  • Hurricane Harvey: Where Will It Go Next?

    Hurricane Harvey: Where Will It Go Next?

    Economy

    In Texas, the average rose to $2.173 a gallon, up from $2.136 a week ago. That storm left crucial oil pipelines and refineries in the Gulf Coast region unable to operate for weeks. How long they remain elevated depends on the extent of refinery damage, how swiftly refiners can restart their plants, the direction of fuel demand, and the amount of refined products that the USA imports.
  • Oil slips almost 3 percent as USA refineries shut ahead of Harvey

    Oil slips almost 3 percent as USA refineries shut ahead of Harvey

    Economy

    On the demand side, the monitoring committee said that while collective output was curtailed, global oil demand for 2017 was stronger than expected and on pace to rise even further next year. Sharara was shut down this past weekend after a local tribe closed a pipeline in a dispute over jobs. Also, US commercial crude inventories have fallen nearly 13 percent from their March peaks to 466.5m barrels.
  • Smart Vision EQ ForTwo Concept May be the Future of Car Sharing

    Smart Vision EQ ForTwo Concept May be the Future of Car Sharing

    Economy

    On the outside, the front grille has been replaced by a 44-inch digital readout, which can display a welcome message to the driver or pass on messages to pedestrians such as, 'cross the road.' If the vehicle is unoccupied the doors can also display information about the weather or local news.
  • Grab and Toyota Launch Data Collaboration Initiative for Connected Car Services

    Grab and Toyota Launch Data Collaboration Initiative for Connected Car Services

    Economy

    The agreement includes an undisclosed investment in Grab by Toyota Tsusho, the automaker's trading arm, as part of the ride-hailing company's latest financing round. President of Toyota, Akio Toyoda claimed a paradigm shift is now happening within the auto industry and this is forcing the management departments to re-evaluate the traditional business models that have governed revenue collection for decades.
  • Texas Store Sold Gas At $20 Per Gallon Following Hurricane Harvey

    Texas Store Sold Gas At $20 Per Gallon Following Hurricane Harvey

    Economy

    Carpenter said the office's investigators have been checking these complaints since the weekend and hold businesses accountable for price gouging . A majority of the complaints allege price gouging for bottled water, gas, groceries and lodging, but the office hasn't yet been able to.
  • Hurricane Harvey Tosses Global Oil Markets Into Chaos

    Hurricane Harvey Tosses Global Oil Markets Into Chaos

    Economy

    After settlement, sources told Reuters that Motiva Enterprises was shutting down the nation's largest refinery due to flooding. And the USA shale oil boom has lifted production so high that the country is brimming with enough crude to soften the blow from Harvey.
  • European gasoline margins at 4-1/2 month high in Harvey's wake

    European gasoline margins at 4-1/2 month high in Harvey's wake

    Economy

    The coast of texas, where many infrastructure, oil and gas, is being ravaged on Friday by the most powerful hurricane that has hit the State since 1961. Analysts said that the imminent end of the summer driving season and substantial inventories of gasoline and diesel would help dampen any price increase from Harvey.
  • Gas Shortages Begin As Harvey Shutters Southeast Texas Refineries

    Gas Shortages Begin As Harvey Shutters Southeast Texas Refineries

    Economy

    The flooding has completely or partially shut down 13 refineries, erasing more than 10 percent - about 2 million barrels a day - of US gasoline production capacity. Some of the cheapest gas in the area can be found at Costco Whole in Tampa, where prices are $2.17 per gallon, or the Sunoco on 49th Street South in St.
  • Gas prices to spike as Harvey takes out refineries

    Gas prices to spike as Harvey takes out refineries

    Economy

    Already, the national average price for a gallon of unleaded gasoline yesterday was $2.37, 4 cents higher over the previous week, according to AAA. AAA officials say that in spite of the havoc wreaked on Gulf Coast oil refineries by Hurricane Harvey , gas prices in the Northeast have remained relatively stable since Friday.
  • Coast Guard helps respond to Hurricane Harvey

    Coast Guard helps respond to Hurricane Harvey

    Economy

    Coast Guard to the National Guard and others - were still underway. Aircraft from other National Guard and active duty military units have also deployed to Texas, including three HH-60G Pave Hawk combat search-and-rescue helicopters from the U.S.
  • Wedbush Upgrades Rating On Kite Pharma, Inc. (KITE) To

    Wedbush Upgrades Rating On Kite Pharma, Inc. (KITE) To "Neutral"

    Economy

    The company is now down by -0.06% since yesterday's close of $178.05. The stock decreased 2.27% or $2.91 during the last trading session, reaching $125.41. Victory reported 436,774 shares or 0.05% of all its holdings. 2,634,903 shares of the company were exchanged. 21,466 are held by Raymond James Financial.