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OPEC deal will pack little punch in raising oil prices

Energy Minister Alexander Novak plans to attend the December 10 talks. The apparent hurdles to the deal - Iran and Iraq - also came in tune with others and chose to slash production by about 1.2 million barrels a day by January to about 32.5 million barrels for six months .

Business

Should you still enroll in Obamacare even if it may be repealed?

Fremont High School students in in Los Angeles filled out health surveys and gathered information about Obamacare in September 2013. In those states that chose to expand Medicaid, the number of uninsured people would more than double, from 14 million to 33 million.

Business

Russia to hold additional talks before OPEC, non-OPEC meeting

Given the rally to $50 a barrel, non-OPEC members may not be persuaded to cut output, said Tim Evans, energy futures specialist at Citigroup. "Other than a complete deal collapse, we don't see many catalysts to reverse the recent rally", USA bank Morgan Stanley said, adding that "a greater shift towards bullish positioning" was, in fact, pointing towards higher prices.

Business

Euro drops as ECB extends bond purchase timeline

Quantitative easing is "in a sense open-ended, it's state-contingent", he said. He and his colleagues have frequently stressed that the euro area's economic upturn is largely reliant on continued monetary easing as governments fail to play their part.

Business

Russian Federation to attend OPEC/non-OPEC meeting on output cuts

The plan to cut production is expected to reduce the global supply glut and boost prices. Brent futures were down 46 cents, or 0.9 percent, at $53.47 a barrel by 11:19 a.m. "There is a new swing producer in town in the form of US shale, and the market will be watching to see how quickly and in what size they will respond".

Business

Illinois firearm deer harvest down 8.5 percent this year

But in the Upper Peninsula they can be used only in the early archery (Oct. 1 - Nov. 14) and firearm (November 15-30) seasons, unless one has a special disabled hunter permit. "A trend were seeing, even without restrictions or regulations, is hunters are passing up more young deer and so our age structure in Virginia is getting older", VDGIF biologist Nelson Lafon said.

Business

AT&T customers get $88 million in credits and refunds for illegal charges

AT&T promised to refund customers at least $80 million as part of a settlement it reached with the FTC over unlawful wireless bill charges, and the Commission announced those checks started going into the mail today. This particular cramming case dates back to 2014, when AT&T settled charges that it added those unauthorized charges to its customers bills for things like ringtones, wallpaper, and text messages with horoscopes, flirting tips, celebrity gossip, and more .

Business

Costco Wholesale Corporation (NASDAQ:COST) To Release Earnings

EPS in next five year years is expected to touch 10.24% while EPS growth in past 5 year was 10.10% along with sales growth of 6.00% in the last five years. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

Business

Here's the first live gameplay demonstration of the Nintendo Switch

The system is a home console/portable hybrid that allows players to take any game their playing at home on their TV on the go via a tablet bundled with the console. Super Mario Run was announced this year as a free-to-play title that will be released on the iPhone, which will be available to download next week.

Business

European Central Bank under pressure to extend stimulus amid uncertainties

Mr McGrath said the NTMA could sell €9 billion of new bonds in the first half of next year and buy back €2 billion of bonds from the Central Bank. European countries including Germany and France are heading into elections next year - a factor Draghi acknowledged could lead to uncertainties.

Business

Local president says he won't back off Trump

In a second tweet Wednesday night, Trump suggested to Jones: "Spend more time working - less time talking" and the union should "Reduce dues". Trump claimed that in turn, Carrier would keep 1100 jobs in IL. "It don't bother me", he added. In fact, he says if the President-elect wants to get together to work on saving more jobs, he is more than willing to do so, but he will be scrutinizing the math.

Business

Gas prices rise, but no long-term spike expected

The cartel announced Wednesday, on the occasion of its biannual summit in Vienna that it would reduce production by 1.2 million barrels per day (bpd) from the 1 st January, ending a long suspense by a more ambitious agreement than the analysts had expected much.

Business

Bengal opposition parties flay Mamata for dragging army into politics

Mamata had earlier cried foul over the army deployment at two toll plazas in West Bengal and alleged that this was done without any prior information to the state government. It was past year conducted in Uttar Pradesh and Jharkhand. An undaunted Trinamool Congress sent its senior ministers on a sit-in protest at the Raj Bhavan in Kolkata and videos of the army deployment were also forwarded to President Pranab Mukherjee.

Business

Gov't proposes letting airline passengers make phone calls

The move is necessary, the department said, because existing Federal Communications Commission rules, while banning phone calls on certain frequencies, don't cover WiFi and some other frequencies on which calls can now be made. The agency reportedly also indicated that it is still considering an outright ban on phone calls on all flights in USA airspace. And while the DOT is seeking comments on the proposed rule, it also wants consumers to weigh in on if it should ban voice calls altogether ...

Business

Kanye West and Kim Kardashian 'living apart', report claims

The 39-year-old West was admitted to the UCLA Medical Center after he suffered a sudden mental breakdown on November 21 at his trainer's home in Los Angeles, California. The explosive personality that Kanye has revealed over the years, coupled with Kim's primary family issues, have made for a rocky love journey. "He needs to find a good balance with the two in his life and he'll work hard at finding that".

Business

Markets Right Now: Dow, S&P 500 surge to record high closes

Banks have also been helped by rising bond yields in the USA and Europe, which sent interest rates higher, making loans more profitable. US stock index futures fell slightly on the ECB's decision, but pared losses after the central bank's president, Mario Draghi, said he was not offering an outright winding-down of the program.

Business

Georgia police shooting suspect was found through a tip, say police

A second officer died Thursday from gunshot wounds sustained while responding to a domestic disturbance call in Georgia, officials said. They were there together. The APD officer is deceased. Americus is a town of 17,000 people about two and a half hours south of Atlanta. He also shot GSU Officer Jody Smith, who is still in critical condition.

Business

Amazon (AMZN)'s Walk Out Stores Are Totally Impractical: Trip Chowdhry

Using artificial intelligence, the app keeps track of everything you take off the shelf and put in your bag. Amazon is calling its store's approach "Just Walk Out technology". Talking to CNBC , Trip Chowdhry, analyst at Global Equities Research, said that he does not see Amazon's new stores as a game changer. Does that mean Amazon will be watching every single step you take from the second you walk into their 1,800-square foot store? The store marks Amazon's latest push ...

Business

RBI Monetary Policy: No Respite For Borrowers As Repo Rate Remains Unchanged

RBI Deputy Governor R. Gandhi said Rs.11.55 lakh crore had been deposited in banks following the note ban. In a revelation that has largely gone unnoticed, the Reserve Bank of India (RBI) on Wednesday said that it has supplied 19 billion notes of smaller denominations in 26 days, even as people continue to face shortage at ATMs and bank branches.

Business

Deutsche Bank AG Reaffirms "Hold" Rating for AK Steel Holding Corp. (AKS)

AK Steel Holding Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 15.57. AK Steel Holding Corporation (NYSE:AKS) will report its next earnings on Jan 24 - Jan 30 (Est.). The ex-dividend date is Tuesday, November 8th. Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 1 insider sale for $180,900 net activity.

Business

US dollar, euro tread water as ECB meeting comes into view

The euro fell 0.4 percent to $1.072 after rising sharply in the previous session as currency investors focused on the possibility the European Central Bank may take a hawkish turn, even as it is widely expected to extend bond purchases. Earlier on the pan-European STOXX 600 index rose 0.9 percent while Italy's FTSE MIB share index .FTMIB gained 2 percent to hit its highest point since May as the country's banking stocks continued a rally.

Business

Modi slams opposition for not allowing debate on demonetisation

Modi also said the ban on Rs 500 and Rs 1,000 notes had given "a historic opportunity to embrace increased cashless payments and integrate latest technology in economic transactions". He is having a nice time, while the people of the country are suffering", Gandhi said. Defence minister Manohar Parrikar also spoke about how Goa government is working to ensure that 60 per cent of transactions in the state are cashless.

Business

Donald Trump's Favorability Rating at 50 Percent, New Poll Shows

Forty three percent of respondents view him negatively. President Obama had a rating of 68 percent. On a slew of questions about simple facts, a large chunk - and, in some cases, strong majorities - of Trump supporters are simply living in a different reality.

Business

Gold firm on weaker dollar ahead of ECB meeting

The price of gold dropped on Thursday. Among other precious metals, silver was up 2.6 percent at $17.14 an ounce, after rising to $17.24, the highest since November 14. "With the U.S. Fed most likely to raise interest rates next week by 25 basis points, the firmer dollar is a very, very strong factor to limit any rally", Gan said.

Business

Time Magazine names Donald Trump 'Person of the Year'

Al Jazeera's Kimberly Halkett, reporting from Washington DC, said "for better or for worse, those who see him as a positive influence see the election as a long overdue rebuke of a very arrogant governing class". However, Trump was labeled as the "President of the Divided States of America" by the magazine, which is printed under his name. Nigel Farage and Donald Trump were both nominated for prestigious award.

Business

Brexit Deal Must Be Reached By October of 2018

In an open letter to Prime Minister Theresa May, nine leading UK-based technology entrepreneurs and investors, including Skype co-founder Niklas Zennstrom, pressed the government to act to ensure a continued flow of skilled migrants after Britain leaves the European Union.

Business

Chinese inflation rises 2.3 pc in Nov

China's consumer inflation rate rose to 2.3 percent year-on-year last month, the highest since April. That compares with rises of 1.2 per cent in October and 0.1 per cent in September. Stepping back, the big picture is that China's stimulus driven recovery has stoked domestic price pressure this year, with the most rapid increases concentrated in property prices and industrial commodity prices.

Business

ECB Adds Half a Trillion Euros in Stimulus

South Korea's benchmark slipped as lawmakers voted to impeach President Park Geun-hye over a corruption scandal. The euro weakened vs. the dollar on the news. Park has denied allegations she colluded with a confidante who extorted companies and manipulated state affairs. USA indices made strong headway on Wednesday with fresh record highs.

Business

United Nations agency says Iran no longer in violation of nuclear deal

A senior Iranian official has warned the USA of a "firm and strong reaction" if it persists in actions he says are endangering a nuclear deal aimed at curbing programs Tehran could use to make atomic arms. Do you suppose we will allow this? This brings Iran's stock of heavy water back below the 130-tonne level set out in the nuclear accord with world powers that came into force in January, the watchdog told its members.

Business

Clinton decries rise of fake news in first speech since loss

Harry Reid doesn't back down from a fight. Harry Reid as he tells tales of his fight against the mob, an attempted vehicle bombing, and his love of palm trees. Let me mention briefly one threat in particular that should concern all americans. "I can still remember seeing my dad on that bed, and I was so sad because my dad never had a chance.

Business

Suspect in Georgia officer shootings confirmed dead

Officers Nicholas Smarr and Jodi Smith responded to a domestic dispute call Wednesday morning at an apartment complex in Americus, Georgia. Officer Smith underwent surgery Wednesday night and is in a Macon hospital. Smith and Smarr had been friends since grade school and were sharing a home in Sumter County at the time of the shooting, said Lt. UPDATE: Following a 27-hour manhunt, Americus Police chief Mark Scott said Minquell Kennedy Lembrick, 32, was found dead with what appeared to ...

Business

European Central Bank adds half a trillion euros in stimulus

Germany's 10-year bond yield - the benchmark for the eurozone - was at 0.43% after falling as low as 0.37%. The euro saw its biggest one-day percentage drop against the dollar since June after the European Central Bank said it would reduce its bond buying program to 60 billion euros a month from 80 billion, but extended it from April to December 2017.

Business

IOC president Bach wants life bans for proven Russian cheats

The statement from the IOC Executive Board reiterated that two commissions were established on July 19 to investigate doping allegations against Russian Federation. Friday's report is expected to focus on evidence of organized Russian doping centered on the Sochi Games, including allegations that tainted samples of Russian athletes — including medalists — were swapped for clean ones through a concealed hole in the wall of the drug-testing lab.

Business

Online sales hit $3.34 billion as mobile commerce dominates, says Adobe

The Empire Mall in Sioux Falls opened its doors at 6 p.m. Thursday, with lines forming well before that. Shopper Bryan Lampman told KXMC-TV that it bothers him a little that stores open on the holiday, but since his family wasn't around it was nice to get out and do something.

Business

Oil prices rise on US crude stock decline, weaker dollar

Crude oil inventories in the United States dropped 2.4 million barrels in the week that ended on December 2, compared with analyst expectations for a draw of 1 million barrels . As of August this year, the USA had exported crude oil to 16 different countries. Oil prices are forecast to rise in 2017, according to the latest figures from the U.S.


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