Business
Pumps more, but OPEC and North Korea loom
The EIA added that total motor gasoline inventories increased by 1.5 million barrels last week and are now near the upper limit of the average range. Reports from Reuters said that as of Thursday last week, brent Crude futures settled up 3 cents at $55.89 a barrel while U.S.
Business
Civil rights activists repudiate AG Jeff Sessions' visit to Long Island
Most recently, the gang is believed to have been behind the killings of four men in Central Islip on April 12, whose bodies were found in a park hacked by machetes. Phil Ramos and Sen. Trump blamed what he called the "weak illegal immigration policies of the Obama administration" that allowed MS-13 gangs to form in US cities.
Business
Mulvaney: Tax Plan Intentionally Short on Details
Tax experts said far more details were needed to determine how average Americans would be affected. Toder said that's hard to know. "There's not enough specificity". "Very few farms or family businesses pay the tax". Mnuchin said the Treasury would issue rules to prevent wealthy people from capitalizing on the lower rate.
Business
Libya's Sharara oilfield restarts after pipeline protests end - Libyan oil source
Just as we warned yesterday following the EIA inventory and production data release, the exuberance over the crude draw was misplaced (due to the surge in product builds and nearly unprecedented refining activity along with continued resurgent oil production).
Business
Whiting Petroleum Corporation Earnings & Price Target Update
The stock now has a consensus rating of "Hold" and an average target price of $13.45. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).
Business
United States stocks close lower after tax plan unveiled
The S&P 500 erased 1.16 points, or 0.05 percent, to 2,387.45. The Dow Jones industrial average gained even more due to the big jumps for Caterpillar and McDonald's , rising 1.1 percent, to 20,996.12. The Russell 2000 is up 31.22 points, or 2.3 percent. The S&P 500 is up 149.94 points, or 6.7 percent. Gains by Under Armour, Comcast and other companies reporting stronger-than-expected profits on Thursday helped to offset a slump in energy stocks.
Business
Uber launches Uber Elevate, guarantees Flying Taxis in Dallas by 2020
The VTOLs will be small, electric aircraft that Uber has said will be quiet enough to operate in metropolitan areas and have zero emissions . Uber says that the travel time from San Francisco's Marina to downtown San Jose will be cut to about 15 minutes, down from roughly the two hours it takes to get there by driving.
Business
Too early to predict effects of Trump's tax cuts
During a press conference on Wednesday, Treasury Secretary Steven Mnuchin said the Trump administration plans to eliminate all tax deductions other than mortgage interest and charitable deductions. This is a 3.8% tax some people must pay on their investment income, introduced to help pay for President Obama's health care law. But whether they pay more or less depends largely on details that have yet to be released.
Business
TRI Pointe Group, Inc. (NYSE:TPH) Quarterly EPS Analysis
TRI Pointe Group, Inc.is a homebuilder company. FBR & Co reissued an "outperform" rating and set a $16.00 target price on shares of TRI Pointe Group in a research note on Thursday, February 23rd. Growth rates are very important while analyzing the long term growth and valuation of a certain company. If you are accessing this piece on another site, it was stolen and republished in violation of global copyright & trademark laws.
Business
Cenovus Energy posts smaller-than-expected quarterly loss
A number of other institutional investors have also recently added to or reduced their stakes in CVE. Cenovus shares crashed last month in their biggest single-day drop on news of the deal, which is to be funded through debt and selling shares and what the company deems to be "non-core" assets.
Business
Australian citizenship to include test of 'values'
During the visit, Prime Minister Narendra Modi and Mr Turnbull undertook a ride aboard the Delhi Metro and visited the famous Akshardham Temple in the national capital. Turnbull said the visa change would attract better skilled workers and see Australians employed over cheap foreign workers brought in under the old 457 visa program .
Business
Oil prices face second weekly loss as oversupply lingers
JP Morgan told the news agency: "Crude markets are close to floating storage economics and this is a bearish sign for output price developments". "The Persian Gulf oil producers provided their strongest hint yet that the current output deal with non-Opec producers could be prolonged beyond the original June deadline", said Tamas Varga, an analyst at PVM Oil Associates Ltd.in London.
Business
Everyday religious questions: Was Christ's resurrection literal or spiritual?
The Holy Week which began with Palm Sunday on April 9, culminates with the Easter Sunday on April 16. The world ever remembers the great message of love, sacrifice, forgiveness, compassion and brotherhood, which Lord Jesus Christ gave to humanity.
Business
Get Ready For A Tougher Australian Citizenship Test
The stricter immigration policy came in a bid to put "Australia First", rhetoric that is thought to echo US President Donald Trump's "America First" policy. Mr Turnbull and Immigration Minister Peter Dutton will address the media in Canberra on Tuesday afternoon. The Australian Chamber of Commerce and Industry said restructuring the program would make it more sustainable and provided a chance to hit the "reset button" on temporary skilled migration.
Business
'Egregious abuse of federal power': Trump orders review of new nat'l monuments
It was yet another executive action from a president trying to rack up accomplishments before his first 100 days in office, with Saturday marking that milestone. He will submit a preliminary review within 45 days and a final review within 120 days. Congress now possesses the power to eliminate national monuments but has done so only a handful of times and never for a monument on the scale of Bears Ears, which is more than 1 million acres and considered sacred to local Native American tribes .
Business
Trump's tax plan could cost an estimated $5.5 trillion
If the Trump administration's plan to lower tax rates becomes law, it will likely benefit McVey. This isn't about "jobs", as the White House claims. The lower tax rate will be more of a boon for investment-grade companies , as they tend to pay more tax. "What this is not going to be is a loophole to let rich people who should be paying higher rates pay 15 percent", he said.
Business
Why Energy Transfer Investors Should Be Wary of the Pending Merger
Pentwater Limited Partnership invested in 300,000 shares. WRLD's profit would be $24.38M giving it 4.84 P/E if the $2.79 EPS is correct. With 4.79M avg volume, 12 days are for Energy Transfer Equity LP (NYSE:ETE)'s short sellers to cover ETE's short positions.
Business
AAP Punjab incharege Sanjay Singh and Durgesh Pathak finally resigned
Rai, he refused to comment on his plans to take the baton forward. The MCD election results saw BJP winning 181 out of the 270 municipal wards, AAP winning 48 and Congress winning 30. Stressing the importance of sanitation employees of the three municipal corporations, the Chief Minister advised the councillors to treat them like family.
Business
MCD election results 2017: Highest vote margin 9866, lowest 58
The AAP won 47 of the 270 civic seats, the BJP 183 and the Congress 29. On Thursday, senior party leader Sanjay Singh stepped down from his position as Punjab in-charge. "If we have announced the CM face before the polls, the political scape in the state would have been different", party's Dhaka MLA and Punjab leader of opposition HS Phoolka said.
Business
Deutsche Bank AG Reports 1Q Net Income of EUR575 Million
DB has P/E (Price to Earnings ttm) value of 0, Forward P/E of 10.38, P/C (Price to cash per share) of 0.07 and Price to Free Cash Flow (P/FCF) value of 0.48. The company's market capitalization is $25.22 billion. Vetr lowered shares of Deutsche Bank AG from a buy rating to a hold rating and set a $19.60 target price on the stock.in a research report on Thursday, December 15th.
Business
Earnings on the Doorstep For Microsoft Corporation
Finally, Cortland Associates Inc. After $3.36 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -40.18% negative EPS growth. Cambridge Invest Rech Advisors accumulated 0% or 15,500 shares. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 annualized dividend and a yield of 2.30%.
Business
Uber offers United Kingdom drivers (limited) benefits
Historically, Uber has allowed users to check what their own personal rating is, though doing so often required users to jump through a few hoops. "But many riders forget that their driver is also rating them , too, and things like eating in the vehicle, slamming the door, or trying to pile in more people than seat belts can impact whether it's a five-star experience for drivers".
Business
Stephen Colbert Hilariously Mocks The U.S.-Canada Trade War
But last week in Wisconsin, Mr. Trump toughened his tone, threatening to get rid of NAFTA "once and for all" - followed by the administration's move to slap a 20 percent tariff on Canada's softwood lumber and a dispute over American dairy exports.
Business
British PM, Corbyn trade blows in final pre-election clash
After all, Mrs May is "assuming" she will strengthen her hand in the negotiations with an election, but after the shock results in the referendum itself, and the last general election in which the Tories were not expected to get a majority, she is certainly taking a risk.
Business
Freeland sees progress in 'polite, amicable' Canada-US trade war
Prime Minister Justin Trudeau said he told Trump in a Tuesday phone call that the U.S. Commerce Department levelled "baseless allegations" when it imposed new, unfair duties on Canadian softwood this week. "I'm polite, but I'm also very firm in defending Canada's interests, " Trudeau said in an interview with broadcaster CTV. But Freeland made it clear that she sees Canada is in good shape moving forward on the file, saying the country is still the largest consumer of US exports.
Business
Payments from Russian Federation kept secret
As a retired lieutenant general, Flynn was required to obtain permission before receiving foreign payments, Chaffetz and Cummings say. Questions were also raised about Flynn's $530,000 in consulting work his company, Flynn Intel Group, performed for a businessman with links to the Turkish government.
Business
Trump to unveil tax cut he says could be biggest ever
Trump has said an overhaul of the tax code is one of his biggest priorities, but top advisers have refused to provide details so far of how he will usher in the biggest tax cut in USA history - which he has promised - without piling on trillions of dollars in new federal debt.
Business
Trump tax plan: Relief for his voters but lots of unknowns
The new tax proposal proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates, and eliminate several tax rates like the death tax. There's much to like about President Trump's tax plan , including the fact that he's going back to his campaign promises to do something big and attractive - not build a wall, but slash rates Ronald Reagan-style for both individuals and corporations.
Business
BC leaders set for televised debate
Softwood lumber is a topic that will no doubt come up at Wednesday evening's televised leaders debate. Horgan was pressing the issue of housing affordability at a campaign stop in Burnaby Wednesday. President Donald Trump and even made a senior Steelworkers leader an honorary member of the NDP. "Who's calling the shots of your campaign?" "Yet things could still change".
Business
US Denies Exxon Bid for Waiver on Russia Sanctions
President Donald Trump has rejected a bid by USA oil giant Exxon Mobil Corp.to resume a Black Sea oil venture with a sanctioned Russian firm close to the Kremlin, Treasury Secretary Steven Mnuchin said Friday. Exxon Mobil signed an expansion of its joint venture projects anyway, even after Igor I. Sechin, Rosneft's chief executive, was personally blacklisted in connection with the sanctions.
Business
Softwood lumber deal possible, but 'not there yet,' says Freeland
Beyond that, there's the bluster and the threats. "Many of the mills on the Island, including Western Forest Product's sawmill in Cowichan Bay, which currently has a large market in China, are now selling in other markets around the world", he said .
Business
Uber Just Promised To Bring Flying Taxis to Life In 3 Years
Uber plans to operate a network through which electric VTOL vehicles in numerous cities worldwide will provide transportation and delivery logistics services. A future Uber Elevate networks facility is pictured in this handout illustration provided April 25, 2017. The firm's envisioned flying taxis will be small, electric aircraft that can take off and land vertically, also known as VTOL vehicles, capable of flying 100 miles in 40 minutes.
Business
U.S. durable goods advance 0.7% in March
February's orders were revised up to show 2.3% from a previously reported 1.8% increase. In March, orders for commercial aircraft rose 7 percent while demand for defense aircraft was up an even bigger 26.1 percent. Economists had forecast core capital goods orders rising 0.5 percent last month. Some indicators, such as the Institute for Supply Management's PMI, an index that measures economic activity in manufacturing, have shown other segments getting stronger.
Business
White House readies order to quit NAFTA - administration official
Trump's point man on the file explicitly linked all these individual disputes to the broader negotiation. Ross replied: "They're generally a good neighbour". More concretely, one effect of increased economic integration would be for U.S. firms to move production over to Mexico where labor is cheaper than in the USA or Canada - for example, with the auto industry.
Business
Vast Majority Of Trump Supporters Approve Of His First 100 Days
Former White House chief photographer Pete Souza, who was also very close to Obama, is encountering a new disrepute on social media for a personal Instagram account that has subtly taken aim at President Trump since his Inauguration Day. The order also establishes a new task force charged with reviewing policies, legislation and regulations that unnecessarily hinder agricultural and economic growth.