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Oil settles below $40 for the first time since April

Worries about slowing economies in Asia - the driver of oil demand growth - and Europe have weighed, along with near record-high OPEC output and signs of a new price war by Saudi Arabia for crude. Crude supplies nationwide rose 1.41 million barrels, contrary to the estimate of a 1.75 million-barrel drop by analysts surveyed by Bloomberg ahead of the release.

Business

European stocks rise on BoE boost, ahead of USA data

However, the bank rate cut was widely expected, but the quantitative easing was not so extensively expected and neither was the forward guidance of the likelihood of a further cut in the Bank Rate to close to zero during the course of the year.

Business

Macy's closing another 100 out of 675 department stores nationwide

Macy's , under pressure from activist investor Starboard Value LP, is working on partnerships to monetize its huge real estate portfolio, which includes landmark properties such as its Herald Square and Union Square stores in NY. While Macy's earnings beat Wall Street expectations, it still has a long way to go to see business perk up. Shares in fellow department store Nordstrom Inc.

Business

Man Who Climbed Trump Tower Undergoing Evaluation; Charges Pending

Police on August 10, 2016 captured a climber scaling Trump Tower, dragging him to safety through an open window on the 21st floor of the NY headquarters of the Republican nominee for USA president. Police said they did not believe the man meant to harm anyone. A crowd of mesmerized onlookers watched the climber along with reporters and police, who cordoned off the block between Fifth and Madison Avenues.

Business

IEA cuts oil demand forecast on Brexit impact

Oil prices moved slightly higher at the start of trading in NY. An increase in production from Opec and non-Opec countries drove global oil supply up by 800,000 in July. Apache oil well in the Permian BasinOil producers in the USA are proving more resistant to low prices, even as global supply is set to fall into a deficit next year.

Business

Shake Shack Inc. (SHAK) Is Falling Due To Disappointing Same Store Sales

Same-shack sales during the quarter rose 4.5 percent. Shake Shack has a 52 week low of $30.00 and a 52 week high of $64.79. That breaks out to $0.14 a share, almost double the $0.08-a-share profit it posted a year ago. Wall Street had been expecting earnings of $0.13 per share on $63 million in revenue. The burger chain's stock sank almost 9 percent to $37.20 on Wednesday in after-hours trading on the news that the company's second quarter same-store sales rose by 4.5 percent - Wall Street ...

Business

Old Mutual Wealth profits slashed by a third after legacy fee cut

Old Mutual plc ( ODMTY .PK,OML.L), which is now separating itself into four standalone businesses, known as the managed separation , reported Thursday that its first-half IFRS pre-tax profit declined 11 percent to 608 million pounds from 683 million pounds a year ago.

Business

Man scaling Trump Tower in New York City wanted meeting with nominee

As the climber from Virginia who wore a backpack scaled the tower's glass exterior, police removed large window panels above him and several officers, some wearing helmets, stood at the windows. "I guarantee that it's in your interest to honour this request", he said. Steve introduced himself yesterday in a video uploaded to YouTube, where he encouraged viewers to vote for Trump and gave reasoning behind his big climb today.

Business

Dayton International Delta flights canceled, delayed again

Delta, the No.2 US airline by passenger traffic, had said that as of 5:15 p.m. EDT (2115 GMT) Tuesday it canceled about 680 flights, while about 2,400 had departed. The company also explained that the bulk of its delays and cancellations were a result of flight crews "displaced or running up against their maximum allowed duty period following the outage".

Business

Maldives President Signs Tough Law Criminalizing Defamation

United Nations rights official Mona Rishmawi, speaking in Geneva, described the law as "very, very, very wide". But lawmakers yesterday approved the legislation in a 47-31 vote and referred it to Yameen for ratification. The opposition coalition said in a statement the new law would seriously hinder investigative journalism. Transparency Maldives , condemning the bill, said its passage through parliament had not addressed the serious concerns raised by local media organisations, ...

Business

Arianna Huffington is leaving The Huffington Post

Her departure comes just over a decade after she founded the Huffington Post with Kenneth Lehrer, Jonah Peretti and Andrew Breitbart. Now the namesake, co-founder and editor-in-chief of The Huffington Post has chose to move on. According to a release from Huffington, Thrive Global is meant to be a digital platform focused on "consumer well-being and productivity" to help curb stress and exhaustion associated with the workplace.

Business

Manchester United's Jose Mourinho hints at Paul Pogba arrival next week

Reports (so, so many reports) suggested that a deal for Pogba to move to Manchester United would be completed on Thursday or Friday, but so such deal materialised. The proposed deal has been greeted with incredulity by Arsène Wenger, who described the sum as "completely crazy", while Jürgen Klopp said he would prefer not to work in a game where £100m transfers become the norm.

Business

Clinton group targets Republicans, independents

Some 19pc think he should drop out, while 70pc think he should stay in and 10pc don't know, according to the poll of 396 registered Republicans. Coming off a landslide primary win in Wisconsin, Speaker of the House Paul Ryan said repeatedly he hadn't seen Trump's remarks, only heard about them secondhand.

Business

21 gold medals to be won in 11 sports at Rio

Other medal events include men's 50 meter pistol shooting, men's slalom canoeing, several divisions of both men's and women's judo and women's individual table tennis. It is rare for someone like Michael Phelps to lose, but unfortunately he narrowly lost out on gold in the 200-meter butterfly stroke event in the 2012 Olympic Games .

Business

Oil continues decline on supply glut

On Wednesday, the American oil was quoted by $2.34 cheaper than the European analog (+$0.13 to US export potential on each barrel). "Refining margins have been weakening during the last month due to high product inventories, which were caused by the lower-than-expected increase in demand", according to the report.

Business

Vail gets bigger - buys Whistler Blackcomb for $1 billion

The transaction has already been approved by the Whistler Blackcomb board of directors and the Vail Resorts board of directors. TD Securities decreased their price objective on shares of Whistler Blackcomb Holdings from C$33.00 to C$32.00 and set a "buy" rating for the company in a report on Thursday, May 12th.

Business

Jimmy Walker Golf Wife

The top 70 players and ties qualified for the weekend, with 69 eventually finishing on one over par to let the likes of Rose, Ernie Els and Matt Fitzpatrick make the final two rounds. And it also moved the 37-year-old from 29th on the Ryder Cup list to fourth, just four weeks before the eight automatic qualifiers will be decided.

Business

Trump "Second Amendment People" Remark Triggers Speculation About Legal Risk

He paused, then softly offered a postscript: "Although the Second Amendment people, maybe there is, I don't know". "That will be a terrible day". "I mean, give me a break". At another rally later Tuesday in Fayetteville, Trump was careful with his words. Clinton has never said she wants to eliminate the Second Amendment .

Business

Margot Robbie Wants Harley Quinn & The Joker To Team Up For Movie

I'm writing this from a place of extreme disappointment with how some of the DC films have played out, because I'm a DC guy. At times it looked nearly too cartoon-like and not in a good way. If there's anyone leading the crusade for the Harley Quinn/Joker spinoff movie, it's Margot Robbie. If every superhero film is not The Dark Knight , they'll bitch.

Business

Startup Gains US Approval for First Private Mission to the Moon

The US Federal Aviation Administration (FAA) has given permission for the first private company to send a spacecraft to the Moon. Moon Express submitted a formal request to the FAA's Office of Commercial Space Transportation because this agency is in charge of regulating commercial rocket launches.

Business

Virginia Thrasher wins first US gold medal

She said she realized after qualifying for the finals she was in just as good a position to win as any of the more experienced competitors she was facing. DeMarcus Cousins added 17 points and Paul George 15 for the US, which is a heavy favorite to win a third straight gold and won't change any opinions after this performance.

Business

Dan Rather calls Trump's 'Second Amendment people' comments a 'new low'

He doesn't understand the basic requirements of being president of the United States. JHOVAN URENA , 34, of Phoenix:Urena says Trump's comments are unsafe, even if they weren't meant seriously."I think he's basically saying it's okay for you to go kill".

Business

Oil prices fall on U.S. crude inventory build, record Saudi output

It is unusual for OPEC to gather outside of their regularly set meetings and Monday's report pushed up the price of crude oil overnight . Consumer-focused stocks were moving higher, while health care, banks and energy companies lagged the most.

Business

Wunderlich Boosts RSP Permian Inc. (RSPP) Price Target to $44.00

Wunderlich upped their price objective on RSP Permian from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, June 14th. Following the sale, the chief operating officer now owns 94,789 shares in the company, valued at $3,012,394.42. On Aug 9, 2016 the shares registered one year high at $40.74 and the one year low of $16.74 was seen on Jan 20, 2016.

Business

Russia Announces 3-Hour Daily Ceasefire in Aleppo for Humanitarian Aid

Russian forces in Syria will suspend operations in the city of Aleppo from Thursday for three hours each day, its defence ministry has said. "Regarding the Russian Federation announcement..." The UN said it was ready to assist civilians in Aleppo, but that it required a fully-fledged ceasefire or weekly 48-hour humanitarian pauses to reach them and replenish their food and medicine stocks, which were "running dangerously low".

Business

Australian rowing coaches were robbed at knifepoint at Rio Olympics

According to Australian Olympic Committee spokesman Mike Tancred, one teen produced a knife, grabbed one of the coaches by the throat and demanded their money. "They didn't resist, they complied and handed everything over". In response to the latest incident with the rowing coaches, Australian athletes have been advised to remain in their accommodation after 6pm and will continue to have a security guard stationed in their foyer.

Business

Asian shares slide after US losses due to lower oil prices

The Dow Jones industrial average .DJI fell 37.39 points, or 0.2 percent, to 18,495.66, the S&P 500 .SPX lost 6.25 points, or 0.29 percent, to 2,175.49 and the Nasdaq Composite .IXIC dropped 20.80 points, or 0.4 percent, to 5,204.59. FASHIONABLE RESULTS: Watch and accessories maker Fossil Group and clothing company Ralph Lauren surged after the retailers delivered strong quarterly results.

Business

Valeant's quarterly revenue falls 11 per cent

Since then, Valeant has battled a slate of concerns including scrutiny of its drug-price hikes, accounting problems, a brush with a potential debt default, and investigations by Congress and federal regulators. But Evercore analyst Umer Raffat pointed out that the results were worse than expected, meaning business has to improve in the second half to meet guidance.

Business

Clinton disavows support from killer's father

Mateen was killed by law enforcement officers following a three-hour standoff on June 12. Mr Mateen's presence was first noted by WPTV reporter Tory Dunnan , who was initially rebuffed for an interview but then was surprised to find Mr Mateen holding a pro-Clinton sign and asking to talk to the press.

Business

All party meet to discuss Kashmir situation tomorrow

Escalating his attack on the Prime Minister, Azad said he tweets about everything, but not Kashmir. But the Prime Minister doesn't think it is proper to speak on the floor of the house. I want to laud the state government for functioning effectively despite all the hurdles thrown in their way. He blamed "vested interests" for the trouble and said the state government was trying to normalise the situation.

Business

Pence: Trump will tap justices to overturn abortion law

Pence was set to campaign in the heart of conservative Wisconsin , a three-county region considered the epicenter of the state's never-Trump movement, which Trump lost to rival Ted Cruz by a whopping 40 points. The sheriff's office, which assisted the Secret Service in providing security, said DelReal arrived after a sweep of the media area and was therefore turned away.

Business

The Bank Of England's Rate Cut Could Boost U.S

Tokyo stocks pared early gains to end flat as an initial rally in the dollar against the yen ran out of steam, while Shanghai retreated 0.2 percent in value. United Kingdom interest rates have been cut for the first time in seven years as part of a wide package of Bank of England measures to shore up the economy in the wake of the Brexit vote.

Business

USA worldwide Matt Miazga could be loaned to a German club

It's reported that the Brazilian will be also going out on loan before the start of the season, as it seems that the 20-year-old is not going to get a chance to prove himself in West London ahead of Eden Hazard, Willian, Pedro, Juan Cuadrado and Victor Moses.

Business

USA women swim for gold in freestyle relay

Erik Shoji #22 and Aaron Russell of the United States in action during the Men's Preliminary Pool A match between the United States and Canada on Day 2 of the Rio de Janeiro Olympic Games at Maracanzinho on August 7, 2016, in Rio de Janeiro , Brazil.

Business

Gunfire Erupts In Ferguson After Protester Is Struck By Car

The impact was so powerful Thomas was sent flying through the air then rolled and bounced in the street as the shocked crowd screamed in horror. Less than a minute later, gunfire was heard and people began screaming. Phillip Weeks, a white protester, told the newspaper at the time that he got a concussion, and added: "I remember I was in front of the auto, hoping like other people, she would go back around the protest".


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