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Crude price drop is symptom of rising USA clout

American crude production will average more than 10 million barrels a day in 2018, breaking a record nearly five decades old, according to the Energy Information Administration's monthly Short-Term Energy Outlook report Tuesday. "Normally, gasoline stocks are supposed to decline at this time of the year due to strong demand", said Carsten Fritsch, oil analyst at Commerzbank in Frankfurt, Germany.

Business

Trump Breaks Silence On Comey: 'WOW, Comey Is A Leaker!'

Rubio asked Comey why he did not directly tell Trump that he thought the president was making inappropriate requests of him. There were no specifics on what the reporting was. However, it still remains unclear what exactly Trump was referring to as Comey accused him of many things during his hearing. Both Russia and the White House have repeatedly denied any collusion.

Business

European Central Bank keeps interest rates on hold as growth picks up

ECB President Mario Draghi holds a news conference in Tallinn at 1230 GMT, in which he will give updated staff economic forecasts and is likely to acknowledge the euro zone's broadening and accelerating growth performance. The euro on Thursday fell to a low of $1.1195 after the European Central Bank indicated monetary accommodation is still needed (http://www.marketwatch.com/story/euro-churns-near-6-mo-high-on-view-ecb-to-take-small-steps-toward-loose-policy-reversal-2017-06-08).

Business

Analytical Report on NVIDIA Corporation (NVDA)

About 600,905 shares traded. $5.83 million worth of NVIDIA Corporation ( NASDAQ : NVDA ) was sold by COXE TENCH . It has outperformed by 195.58% the S&P500. Therefore 51% are positive. The rating was maintained by Jefferies with "Buy" on Monday, April 4. They set a "neutral" rating and a $100.00 price objective for the company.

Business

Arab powers adds Qatar-linked people, groups to blacklists

Late Thursday, Turkey's President Tayyip Erdogan approved legislation passed by the country's parliament to deploy Turkish troops in Qatar, though it was not clear when and how many would be dispatched. It accused Doha of harbouring "terrorist and sectarian groups that aim to destabilise the region including the Muslim Brotherhood, Daesh (the Islamic State group) and Al-Qaeda".

Business

Apple has announced two new

So let's dive in to see some more details on Apple removing 32-bit app support. Another possibility here is that Apple may just be planning on expanding the features of the iPhone's NFC in order to work on its other first-party apps and services other than just Apple Pay , as pointed out by The Verge .

Business

'Terrorism Is Indefensible', UK Imams Refuse Islamic Funeral Prayers to London Attackers

Accompanied by leaders from other faiths, the Imams paused to reflect at a makeshift memorial near to the scene of the atrocity. This statement directly negates some of the most frequent criticisms against Muslims in the wake of Islamic-related terrorist attacks - that Muslims do not speak out against extremist violence and that the perpetrators share their beliefs.

Business

Clinton Group Inc. Takes Position in Chesapeake Energy Co. (CHK)

Among 28 analysts covering Chesapeake Energy Corporation (NYSE: CHK ), 7 have Buy rating, 5 Sell and 16 Hold. The business is scheduled to report its next earnings report on Thursday, August 3rd. Moving averages can be very helpful for identifying peaks and troughs. Following the purchase, the director now directly owns 501,958 shares of the company's stock, valued at approximately $2,640,299.08.

Business

India to witness internet users boom in next 4 years, says report

Machine-to-machine (M2M) connections are predicted to go from 17.1 billion to 27.1 billion from 2016-2021. In the United Kingdom, the number of connected devices is set to see a major increase, with an estimated 9.4 devices per person by 2021, up from 5.7 per person today.

Business

SNP big guns ousted as nationalist slump leaves question mark over indyref2

The prospect of a second Scottish Independence referendum has been called into question as the United Kingdom election results dealt a major blow to the SNP. Sturgeon's party, which almost swept the board in Scotland two years ago, lost heavyweights to a Conservative Party reinvigorated by Scottish leader Ruth Davidson.

Business

Apple CEO Tim Cook to address 2017 graduates at MIT

Apple Chief Executive Officer Tim Cook threw his support Tuesday behind President Donald Trump's proposal for a one-time repatriation tax on company's capital held overseas. "I'm more anxious about people thinking like computers". "Because if science is a search in the darkness, then the humanities are a candle that shows us where we have been and the danger that lies ahead".

Business

Trump calls ex-FBI director Comey a "leaker" after testimony

Former FBI Director James Comey said Thursday that he kept records of his talks with President Donald Trump because he thought the president might "lie". Comey said he believed Trump terminated him over the FBI's investigation into Russian meddling in the 2016 presidential election. Senator Marco Rubio (R-Florida), who also sits on the committee, said following the hearing said that "Director Comey in his testimony...was very clear that the President did not ask him to stop ...

Business

Qatar FM to AP: No one has 'right to blockade my country'

Kuwait's emir travelled to Qatar to help mediate an end to a crisis that's seen Arab nations cut ties to the energy-rich nation home to a major USA military base, though Emirati officials warned there was "nothing to negotiate". In a call with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani, U.S. President Donald Trump offered to mediate the country's diplomatic crisis with its neighbors.

Business

May OPEC output highest since January

USA crude futures were up 26 cents, or 0.6 percent, at $45.98 a barrel at 0651 GMT. "This means Qatar may have little reason to keep the production quota, and if that happens, it might encourage other OPEC members to cheat too". The New York Mercantile Exchange July West Texas Intermediate crude edged 0.6% lower or 26 cents on Monday closing at $47.50 per barrel following growing concerns on Middle East oil production caused by the recently severed ties with Qatar and a number of ...

Business

Lavrov calls for dialogue to settle Qatar-GCC Crisis

Russian Foreign Minister Sergey Lavrov has called for dialogue to settle the crisis between three GCC countries and Qatar. U.S. intelligence officials believe Russian hackers may have planted a false news story that led Saudi Arabia and several allies to sever relations with Qatar, prompting an ongoing diplomatic crisis, CNN reported on Tuesday.

Business

Asian shares flat as UK vote, ECB meeting loom

Crude prices sank more than five percent Wednesday after data showed an unexpected rise in United States stockpiles, including gasoline, a particularly troubling sign for demand as the country's summer driving season kicks in. The stock climbed $1.53 to $11.06. Duluth Holdings slumped 18.6 percent after the clothing and tools supplier reported disappointing earnings. The stock slid $3.56 to $17.01.

Business

How Many Barclays PLC (LON:BARC)'s Analysts Are Bearish?

The company declined -0.17% and closed its last trading session at $34.94. Ascential PLC (LON:ASCL) has 0.00% since June 9, 2016 and is. It has underperformed by 22.30% the S&P500. The Company's subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. $202,321 worth of Anglo American plc (LON:AAL) shares were sold by PARKER W DOUGLAS.

Business

Trump calls ex-FBI director Comey a 'leaker' after testimony

Former FBI director James Comey may have done more damage to Attorney General Jeff Sessions on Thursday than even President Trump , whom Comey publicly accused of waving him off part of the Russian Federation investigation. "We're under siege ... but we will come out bigger and better and stronger than ever", he said. "Those were lies, plain and simple ". Special Counsel Robert Mueller has been appointed to do this, but the scope of his role, and especially whether it includes ...

Business

Meagre industrial output points to further slowdown

Compared with the same month previous year, industrial output was down 0.8%, missing market expectations of slight growth. Stronger energy production and factory output failed to make up for the sluggish manufacturing figures, which also missed forecasts and were flat year on year.

Business

AMD launches Radeon Pro 500 graphics cards for iMac

There are two Thunderbolt 3 ports included now to help users expand their system with different external devices. The most important change to the iMac comes in the GPU department though. With thin and light designs, powerful performance, wonderful displays and all-day battery life, Mac notebooks deliver the world's best portable computing experience.* MacBook now features faster Kaby Lake processors up to 1.3 GHz Core i7 with Turbo Boost up to 3.6 GHz and up to 50 percent faster SSD, ...

Business

Are Analysts Bullish Newfield Exploration Co

Pennsylvania Trust Co acquired 2,560 shares as Unitedhealth Group Inc (UNH)'s stock rose 9.50%. The stock witnessed -17.17% declines, -14.8% declines and -36.66% declines for the 1-month, 3-month and 6-month period, respectively. 01/17/2017 - Newfield Exploration Company was upgraded to "buy" by analysts at Jefferies. The firm has "Buy" rating by Wunderlich given on Wednesday, April 27.

Business

Southwest monsoon hits coastal Karnataka, to cover entire state in two days

Climate change expert Ram Kumar said,"Monsoon has arrived on time this year". The normal onset of the monsoon spells good news for farmers in Maharashtra and Goa. A strong current pushed the northern limit of monsoon (NLM), which lay in Karwar on Wednesday, towards Goa and beyond. Delayed by a week, the southwest monsoon has hit coastal and south interior Karnataka and is expected to cover the entire state in two days, the India Meteorological Centre - Bengaluru said on Thursday.

Business

Euro zone growth revised up to highest rate in two years

The news chimed with a leaked draft forecast reported on by Bloomberg ahead of the policy-setting meeting, which said the European Central Bank was preparing to cut its inflation outlook after projecting lower consumer price growth at 1.5% across 2017, 2018 and 2019.

Business

May jobs report: 4 things to know

The manufacturing sector lost 1,000 jobs in May, breaking a five-month streak of factory job growth. The construction sector added just 5,000 jobs in April and 1,000 jobs in March. Bureau of Labor Statistics has something for everyone: Good indicators, bad indicators, and a near-historic low in overall unemployment. The civilian labor force participation rate was 62.7%, a 0.2% decrease from April.

Business

Europe in focus as ECB keeps rates on hold and Britain votes

The ECB dropped a reference to further interest rate cuts, while repeating it expects rates to remain at record lows for an extended period and well beyond its asset purchase program. On Thursday, the bank left its bond purchase stimulus unchanged at 60 billion euros ($67 billion) per month through at least the end of the year and longer if necessary.

Business

The Coca-Cola Co (KO) Position Decreased by Private Trust Co. NA

FMR LLC now owns 68,883,459 shares of the company's stock worth $2,923,414,000 after buying an additional 1,667,696 shares in the last quarter. Several hedge funds have recently made changes to their positions in the stock. Investors of record on Monday, May 22nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.25%.

Business

Brazil Court to Decide on 2014 Case That Could Remove President Temer

Temer has promised to appeal if found guilty by the electoral court. His administration is being threatened by an electoral court trial starting on Tuesday over the alleged use of illicit money to fund former President Dilma Rousseff's 2014 election campaign.

Business

Egypt accuses Qatar of paying ransom to 'terrorist group'

The step comes only days after Saudi Arabia , Egypt , the United Arab Emirates and Bahrain caused a rupture in the Middle East by severing all ties and isolating Qatar , one of Turkey's strongest allies in the region, accusing the small and rich Gulf monarchy of supporting terror groups and attacking it because of its relationship with Iran.

Business

UK Labour Party ready to form minority government: Spokesman

The Prime Minister called the controversial poll in a bid to strengthen her hand in parliment ahead of crunch Brexit negotiations with Brussells. When May called the election seven weeks ago, she was seeking to capitalize on opinion polls showing that her Conservatives had a wide lead over the opposition Labour Party .

Business

Comey says he was fired over Russia probe, blasts 'lies'

While Comey claimed that he leaked his memos in reply to a tweet , a statement by Trump's lawyer claimed the New York Times quoted the contents of Comey's memos long before the time frame of the referenced tweet. In a statement delivered through his personal lawyer , the U.S. president said that he had never "in form or substance, directed or suggested that Mr Comey stop investigating anyone", including former national security adviser Michael Flynn .

Business

CCTV reveals the moment police shot London Bridge terrorists

Several of his neighbours said he used to invite male friends over for barbecues and used to frequent a neighbourhood gymnasium and swimming pool. "He is thought to have been skateboarding in a park when he stopped to defend a woman who had been injured in the attack near Borough Market ".

Business

Either Trump or Comey is lying. Who might it be?

Flynn. He said her tarmac meeting with former president Bill Clinton had prompted Comey to offer his findings publicly, and he said she had urged him to call what the FBI was doing a "matter" rather than an "investigation". Comey: I don't think I can talk about that in open setting either. And indeed it did. Trump's personal lawyer made Comey's secret gambit a central piece of his defense of the president against the fired lawman's testimony.

Business

What Made Arab League Sever Ties with Qatar

After severance of diplomatic ties earlier this week , the United Arab Emirates ( UAE ) has made a decision to ban any form of sympathy with the tiny Gulf State of Qatar , threatening sympathizers with jail terms of up to 15 years and an AED 500 thousand fine.

Business

Macron criticizes Russian media for "attempted meddling" in French election

The talks were intense at times, but Putin said Franco-Russian ties withstood "all points of friction" during the meeting. The claim has been denied by Russia Today editor Margarita Simonyan, who said that Mr Macron's denouncing of news he did not agree with would set a "dangerous precedent that threatens both freedom of speech and journalism at large".

Business

European Central Bank holds; Draghi remarks eyed

Though making some modest linguistic changes, the central bank's announcement kept important wording that its bond-buying stimulus program could be stepped up if the economic outlook worsens. ANALYST TAKE: 2We know Draghi wishes to remain accommodative, yet given that he sees the risks as being more external than internal, it is clear that soon enough he will have to set out the timeline for withdrawing stimulus.


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