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Surprise Build In Gasoline Inventories Shocks Oil Markets

Oil prices dipped on Wednesday as bloated United States supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Gasoline stocks also posted a counter-seasonal build of 1.4 million barrels. According to data the single countries report to the Joint Organizations Data Initiative (JODI), Saudi Arabia's crude oil exports in February stood at 6.957 million barrels per day, the lowest volumes shipped in a month since May 2015 when ...

Business

Trump's visa changes could favor more skilled, higher wage workers

He signed the order during a visit to the headquarters of Snap-On Inc, a tool manufacturer in Kenosha, Wisconsin, saying that H-1B visas should "never be used to replace Americans", adding that "we are about to take bold new steps to follow through on my pledge to buy American and hire American".

Business

Goldman Sachs Maintains Sell on Tesla Inc (TSLA)

EXPE's SI was 9.30 million shares in April as released by FINRA. Finally, Vista Capital Partners Inc. purchased a new stake in Tesla during the first quarter worth approximately $202,000. Morgan Stanley came out today with a detailed note exploring the business of Tesla Semi and the analysts, Adam Jonas, who covers Tesla for the firm, and Ravi Shanker, a logistic analyst, believe that Tesla will go with a battery leasing model.

Business

Vettel victories could force a Mercedes rethink

Vettel started third on the grid, but on the first lap itself on turn one managed to squeeze past Lewis Hamilton and eventually managed to jump pole-sitter Valtteri Bottas in the first round of pit stops after a safety auto period. As a team we didn't achieve that, Ferrari did a better job, so I'm leaving here with a bit of a unusual feeling, because I don't know why the pace was so poor.

Business

Bebe to Close All Stores in San Diego County

Q2 net sales were $101.9 million, a decrease of 16.8% from $122.4 million in the same period past year. For the six months ended January 2, same-store sales decreased 7.4%. The Agreement also contains customary representations, warranties, covenants and indemnities by the Company and Consultant. It closed one store in the second quarter and made plans to close as many 25 bebe and outlet stores in fiscal 2017; Those plans have now expanded to include all stores.

Business

Champions League: Best XI from the quarter-finals

Thomas Mueller said he found it hard to blame a referee for a defeat "but today there's no way around it". "We were hung out to dry, that's what happened", Rummenigge told a post-match dinner in the early hours of Wednesday. We've seen Ryan Giggs go from a flying winger to someone who played more centrally as a midfielder. He netted again from inside the area after a breakaway in the 110th to secure his club a place in the semifinals of the Champions League for the seventh straight season.

Business

Bill O'Reilly Out at Fox News Channel After Harassment Allegations

Stephen Colbert brought back his Colbert Report alter ego to say farewell to Bill O'Reilly, who was forced out at Fox News on Wednesday, April 19, after numerous sexual assault allegations surfaced in recent weeks. He will be replaced in the coveted 8 p.m. ET time slot by Tucker Carlson, NPR reported. Up to four million viewers watched "The O'Reilly Factor " each evening, making it the most-watched cable TV program in 2016 and generating $446 million in ad revenues for Fox between ...

Business

Crude Oil Prices Slide As US Adds Output

Opec exempted Nigeria and Libya a year ago from cutting production, due to their internal conflicts, while it agreed to let Iran pump an additional 90,000 barrels a day to reach output of about 3.8 million. They settled 53c lower at $52,65 a barrel. A preliminary Reuters poll showed analysts expected data to show USA crude oil stocks fell in the week to April 14, building on a surprise decline the previous week.

Business

Trump's Visa Target: Who Comes from Where?

He vowed to end the H1-B program which, he said , allowed big business to fire Americans and replace them with foreigners. The Trump administration said that if the waivers are not benefiting the USA they will be "renegotiated or revoked".

Business

US home sales shoot up to 10-year high

Sales rose 4.4% at a seasonally adjusted annual rate of 5.71 million, topping the previous ten-year high set in January. With supply still tight, the median house price rose 6.8 percent from one year ago to $236,400 in March, the 61st consecutive month of year-on-year price increases.

Business

Oil spill reported on North Slope, volume unknown

Environmental Protection Agency and local government was brought in to coordinate efforts. Workers from the Alaska Department of Conservation and the U.S. Fox News is reporting there are actually two leaks - one near the top and one further down the well assembly, says BP. BP and state regulators are investigating the cause.

Business

SeaBridge Investment Advisors LLC Decreases Stake in HSBC Holdings plc

Goldman Sachs Group Inc restated a buy rating and issued a GBX 415 ($5.22) target price on shares of Ashmore Group plc in a research note on Wednesday, March 29th. In addition to Peel Hunt reporting its target price, a total of 3 brokerages have issued a ratings update on President Energy Plc. They expect $0.50 earnings per share, up 4.17% or $0.02 from last year's $0.48 per share.

Business

Trump Takes on Canadian Dairy Industry

White House officials say Trump's order looks at lifting exemptions that allow foreign companies to bid on projects in the US, something Canada now enjoys under NAFTA. Trump's heated rhetoric on Canadian trade changes a softer tone his administration has directed toward Canada since he took office in January. Once Mr.

Business

Tesla Issues Parking Brake Recall Affecting 53K Cars

Because of a parking brake that might stick and render a auto immobile, Tesla Inc. has issued a voluntary recall for certain Model S and Model X luxury electric cars. The company manufactured 83,922 of the S and X models in 2016, but the cars in question were manufactured between February 2016 and October 2016. The company plans to make 1 million Model 3's per year by 2020.

Business

Turkey electoral board rejects request to annul referendum

The move had prevented proper records being kept and could have affected the results, the Union of Turkish Bar Associations (TBB) - known as a body opposed to the current Ankara government - said, adding in a statement: "With this illegal decision, ballot box councils [namely, officials at polling stations] were misled into believing that the use of unstamped ballots was appropriate".

Business

Battle of Vimy Ridge remembered

Prince William and his brother Harry laid boots on the memorial in memory of the fallen soldiers. 3,598 Canadians died during the four day battle and another 7,000 were injured. I can say without hesitation that Manitobans have never forgotten, and we will never forget, the sacrifice made by our courageous men and women in uniform.

Business

Steel Dynamics sees 219 percent net income growth

A ratio above one indicates an increase in the stock price over the six month time frame. The number of shares now owned by investors are 242.38 mln. The company's steel production utilization rate was 95 percent in the first quarter 2017, contrast to 81 percent in the sequential fourth quarter and contrast to the domestic industry utilization rate of 75 percent.

Business

USA crude oil stocks drop

China's March gasoline output rose 2.5 percent year-on-year to 11.24 million tonnes, the highest level since at least April 2014, China's National Bureau of Statistics said, adding fuel into an Asian market that is already well supplied. Iran was allowed to increase its output under the deal as the nation rebuilds from worldwide sanctions that pressured its energy industry. According to a report on monthly drilling productivity report by the Energy Information Administration, the output of ...

Business

Patriots respond to comparison photo showing team with Obama versus Trump

Patriots' turnout for President Trump today", the New York Times tweeted along with photos from both events. President Donald Trump stands with New England Patriots head coach Bill Belichick , left, New England Patriots owner Robert Kraft , right, and members of the New England Patriots during a ceremony on the South Lawn of the White House in Washington , Wednesday, April 19, 2017, where he honored the Super Bowl Champion New England Patriots for their Super Bowl LI ...

Business

BP Reports Oil Spill in Alaska

A federal official says crews in Alaska are ready to shut down an oil well that is misting natural gas on the frozen North Slope, but officials say it's too unstable for responders to get close. Environmental Protection Agency and local government was brought in to coordinate efforts. The BP-owned well was also leaking crude oil, which stopped after authorities activated a safety valve yesterday (April 16).

Business

Ontario, Canada brings in foreign housing tax to cool market

Wynne said the tax is not about targeting immigrants. "I call them property scalpers ". The federal finance minister noted there are no imminent plans regarding Ontario's request to close a loophole on capital gains exemptions. The Canadian Real Estate Association said Tuesday home sales over its Multiple Listings Service system increased by 1.1 per cent in March to top the previous monthly record set in April 2016.

Business

State officials ask Congress to secure 'Obamacare' subsidies

Palmer said after the House vote was canceled that he backed the decision to pull the bill so work on the legislation could continue. The White House has asked for supplemental budget to begin construction on the border wall between the U.S.

Business

QUALCOMM Incorporated (NASDAQ:QCOM) Touching Most Active List

This is an interesting aspect to watch out for in Qualcomm's Q2 earnings call. Moreover, the company is foraying into areas like automotive, networking and mobile computing. Qualcomm Inc, the largest maker of chips used in smartphones, reported quarterly revenue and profit that beat analysts' estimates, helping ease concerns surrounding the company's dispute with Apple Inc.

Business

Fulton Financial Corp (FULT) Sees Significant Increase in Short Interest

The bank, based in Lancaster, Pennsylvania, said it had earnings of 25 cents per share. RF has been the topic of several recent analyst reports. First American Financial Corp (FAF) formed inverse H&S with $41.74 target or 9.00% above today's $38.29 share price.

Business

Trader's Roundup: GNC Holdings Inc (NYSE:GNC)

BlackRock Group LTD boosted its position in shares of GNC Holdings by 2.0% in the second quarter. Tudor Investment Corp Et Al now owns 20,800 shares of the specialty retailer's stock worth $230,000 after buying an additional 2,010 shares during the period.

Business

A.G. Barr plc (BAG) Plans Dividend of GBX 10.87

About shares traded. MSA Safety Incorporated (NYSE:MSA) has risen 22.67% since September 12, 2016 and is uptrending. It has underperformed by 27.76% the S&P500. Analysts await Headwaters Inc (NYSE:HW) to report earnings on May, 2. After $0.75 actual EPS reported by Archer Daniels Midland Company for the previous quarter, Wall Street now forecasts -17.33% negative EPS growth.

Business

United Kingdom parliament clears mid-term 'Brexit poll'

Meanwhile former Tory Chancellor, Ken Clarke who initially said he would step down in 2020 before the next election has said he will be standing in June. Mrs May has argued a fresh mandate would strengthen her hand in Brexit talks and provide certainty for the future. In her speech on Tuesday at the door of 10 Downing Street, May made it clear why she wanted an early election.

Business

Pence says trade with South Korea must change

Vice foreign minister Han told the Associated Press last week that North Korea was prepared to handle a war with the U.S. The United States is aware of a higher-than-usual level of activity by Chinese bomber planes, signaling a possible heightened state of readiness, USA officials told Reuters on Thursday, but downplayed concerns and left open a range of possible reasons.

Business

Verizon Results Miss Wall Street Estimates as It Loses Subscribers

Community Bank N.A. now owns 138,955 shares of the cell phone carrier's stock worth $7,221,000 after buying an additional 4,166 shares in the last quarter. The legal version of this report can be accessed at [[permalink]]. Finally, Moffett Nathanson raised Verizon Communications from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $53.00 to $54.00 in a research note on Tuesday, February 21st.

Business

New Brunswick dairy farmers say Donald Trump's comments not a concern

Canada doesn't export any ultra-filtered milk to the USA and simply wants to find a domestic market for a product that is in too great a supply relative to consumer demand, he said. "It's a disgrace", he said. "Canada does not accept the contention that Canada's dairy policies are the cause of financial loss for dairy farmers in the United States", MacNaughton wrote in a letter to the governors of Wisconsin and NY that was released Tuesday night, after Trump's criticism.

Business

Verizon's profit sinks as it loses wireless subscribers

The company has also pursued revenue streams outside its core wireless business. "They badly missed on every important subscriber metric, and it just underscores that the wireless business is a severely growth-challenged business at the moment", said Craig Moffett, an analyst at MoffettNathanson in an interview.

Business

FCC votes to allow some broadcasters to buy more TV stations

By reinstating the so-called UHF discount, the country's largest media companies will be able to lower how the FCC determines whether their holdings comply with a federally mandated cap that limits the total reach of their TV stations to 39% of USA households.

Business

Julia to run London for Starlight

The 43-year-old is aiming to secure a spot in the British squad on Sunday when she competes in her second London Marathon. It was putting a strain on my friends and family, as well as putting everything that was important to me in jeopardy, so a friend suggested that I seek support from a professional.

Business

Stephen Colbert and 'Stephen Colbert' bid farewell to Bill O'Reilly

The company said Wednesday that it had parted ways with longtime host Bill O'Reilly after a "thorough and careful review of allegations against him". Perino did not address the reasons for O'Reilly's dismissal. "But that is the unfortunate reality many of us in the public eye must live with today", he continued , alluding to the sexual harassment allegations.

Business

Trump slams 'failing' Democrats: 'It is now Hollywood vs

The White House has claimed a special election in Georgia in which a young Democrat came first by nearly 30 points, was in fact a "big loss" for the party. "The reason is clear: voters are rejecting Trump and his policies". Mr Ossoff grew up in the district and says he will move back if he wins. Ryan's most notable failure came over the last few months when he was unable to bring his party - and the Republican president - together to achieve the repeal of Obamacare, something they have ...


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