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Oil hits six-week low as OPEC fails to curb oversupply

The U.S. Energy Information Administration report on oil inventories is due this week on Wednesday at 10:30 a.m. EDT. There was also a build in gasoline inventories on the week, although there was a decline in distillate and Cushing stocks on the week.

Business

NHL: Cullen eyes another Cup

Nashville Predators center Colton Sissons (10) shoots against Pittsburgh Penguins goalie Matt Murray (30) and defenseman Ron Hainsey (65) during the third period in Game 4 of the NHL hockey Stanley Cup Finals Monday, June 5, 2.

Business

Amazon to Buy Whole Foods for $13.7 Billion

Whole Foods Market is a leading natural and organic foods grocer, but has been widely known for high prices and under pressure from fierce competitions. Kroger fell more than 14%, Target plunged more than 10% and Costco Wholesale Corp. dropped almost 7%. The Bentonville, Ark. -based retailer announced Friday that it had agreed to buy online clothing company Bonobos for $310 million.

Business

Markets Right Now: Grocer stocks plunge on Whole Foods deal

Amazon today announced it will acquire Whole Foods Market Inc. for $42 per share in an all-cash transaction valued at approximately $13.7 billion. Amazon shares were up 3.2 percent at $995.18, while Whole Foods surged 27 percent to $41.95.

Business

Turkey's Erdogan slams 'inhumane' isolation of Qatar

The cancelled flights impact numerous airline's travelers who fly via to Doha to global destinations. In the United Arab Emirates , Al Khaleej newspaper described the steps taken against Qatar as "harsh" but "necessary to set the limits for the Qatari leadership's stubbornness and insistence on destabilizing Persian Gulf countries".

Business

USA lawmakers back at work after shooting, congressman still hospitalised

And there was a moment of silence for the victims of Wednesday's shootings. A congressional staffer, a lobbyist and a Capitol Police officer responding to the shooting were the others struck by suspect James Hodgkinson , a man with a history of criminal run-ins who had regularly expressed strident criticism of President Trump, and who reportedly asked a pair of congressmen whether the group on the field was composed of Democrats or Republicans .

Business

Fny Managed Accounts LLC Increases Stake in Tesla Motors INC Cmn (TSLA)

Kemnay Advisory Service invested in 150 shares or 0.02% of the stock. The institutional investor owned 3,740 shares of the electric vehicle producer's stock at the end of the first quarter. Oppenheimer maintained Tesla Inc (NASDAQ:TSLA) on Tuesday, September 8 with "Outperform" rating. Illinois-based Ubs Oconnor Ltd Liability Com has invested 0% in Eagle Materials, Inc.

Business

Brexit talks to start Monday, EU and United Kingdom officials confirm

Dodds will meet May at Downing Street today afternoon for one of a series of meetings May is having with the leaders of Northern Ireland parties in an effort to reach agreement on setting up a new power-sharing government for the region, he said.

Business

Grief turns to anger in neighborhood near tower fire

Protesters tried to gain access to Kensington and Chelsea Town Hall, the headquarters of the local council which oversaw the refurbishment of Grenfell Tower . Residents in other blocks with the same exterior cladding as Grenfell Tower were concerned, he wrote. The 8.7 million pound ($11.08 million) refurbishment was completed a year ago.

Business

Amazon buying Whole Foods, making strong move into groceries

It's still too early to tell what kind of changes Amazon may or may not implement and how things will impact Whole Foods. But who knows, maybe someday soon you could be asking Alexa to grab you some organic kale when you run out. But if customers know that what they are getting is the same as what they'd get at the local store, they are more likely to try it out. Amazon is also something of a unique threat to many retailers because it doesn't mind losing money for long stretches.

Business

Stocks dip as Amazon-Whole Foods deal hammers grocery stores

That dream may soon become a reality because Amazon plans to acquire the organic grocery store. Amazon is to acquire supermarket chain Whole Foods in an all-cash deal worth 13.7 billion U.S. Amazon and Whole Foods are both climbing. "For other grocers, the deal is potentially terrifying", Neil Saunders, managing director of GlobalData Retail, said in a report on Friday.

Business

Can analysts adopt a bullish outlook for NVIDIA Corporation (NASDAQ:NVDA)?

About 13.12 million shares traded. Puri Ajay K also sold $14.49M worth of NVIDIA Corporation (NASDAQ: NVDA ) on Thursday, March 30. It has outperformed by 195.58% the S&P500. (NASDAQ:QCOM). De Burlo Gru Inc invested 1.58% in QUALCOMM, Inc. Bessemer Gru Inc holds 7,738 shares. Meiji Yasuda Asset Mgmt Co holds 0.19% of its portfolio in NVIDIA Corporation (NASDAQ: NVDA ) for 15,978 shares.

Business

Deutsche Bank AG Lowers Hawaiian Holdings, Inc. (HA) to Hold

Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hawaiian Holdings Inc . and related companies with MarketBeat.com's FREE daily email newsletter. Therefore 45% are positive. Hawaiian Holdings has $74 highest and $40 lowest target. $53.13's average target is 8.65% above currents $48.9 stock price.

Business

Amazon Is Buying Whole Foods In $13.7 Billion Deal

It prompted shares in supermarket chains to slide lower, with Tesco down 5% and Sainsbury's dipping 4% in the United Kingdom while America's Walmart - owner of Asda - fell 5% and France's Carrefour was down 3%. It plans to open a total of 20 US stores in North Carolina, South Carolina and Virginia this summer - including one in Wake Forest. Whole Foods Market has more 460 locations in the US, Canada and the United Kingdom - so this question could be answered at a stroke.

Business

Cuomo nominates first openly gay judge to state's high court

In nominating Feinman, Cuomo fulfilled the wishes of a group of openly gay state lawmakers who wrote to Cuomo earlier this month arguing that it was time for New York's highest court to have an openly gay justice. "He is a talented jurist who has dedicated his career to public service and standing up for a fairer and more just NY". A University of Minnesota Law School graduate, Feinman has a lengthy career in New York's court system.

Business

Antero Midstream Partners LP (NYSE:AM) Earnings Forecast In Focus

The stock rose 0.49% or $0.34 reaching $69.51. About 538,013 shares traded or 63.24% up from the average. American Midstream Partners, LP (NYSE:AMID) shares are displaying elevated levels of volatility in today's session. The fund owned 968,796 shares of the pipeline company's stock after buying an additional 204,198 shares during the period. Gemmer Asset Mgmt Ltd accumulated 8,000 shares.

Business

McBryde happy youthful Wales will develop after Tonga win

However, it was the men in red that started sharply after the restart with Cory Allen, who replaced Cuthbert at the break, stripped on halfway before flanker Aaron Shingler was forced into a breakdown offence in the 22 that Takulua punished with three points.

Business

OppenheimerFunds Inc. Purchases 213925 Shares of STARWOOD PROPERTY TRUST, INC. (STWD)

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. The real estate investment trust reported $0.50 earnings per share (EPS ) for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.03. Average estimation for the current quarter has been provided by 8 analysts.

Business

FDA approves new, cheaper rival to EpiPen allergy shot

Mylan has faced severe criticism and congressional and legal investigations after it doubled the cost for a pair of EpiPens to $600, enraging consumers. In the first quarter of this year, brand-name EpiPens only drew about 60 per cent of epinephrine device prescriptions, while generic EpiPens - mostly Mylan's - had captured 38 per cent of prescriptions.

Business

Mueller probe now examining possible obstruction

The Washington Post first reported that five people briefed on the matter, all of whom requested anonymity, said that director of national intelligence Daniel Coats , National Security Agency head Mike Rogers , and Rogers's former deputy, Richard Ledgett, will be interviewed by Mueller's investigators as early as this week.

Business

Geode Capital Management LLC Buys 567111 Shares of H&R Block, Inc. (HRB)

Mason Street Advisors LLC increased its stake in H&R Block by 0.9% in the first quarter. The stock's 50 day moving average is 41.50 and its 200 day moving average is 38.00. This is an increase of approximately 373% compared to the average daily volume of 987 put options. By past year, it was already generating $8 billion in global revenues.

Business

Takata would stop making air-bag inflators after bankruptcy after recall

Key Safety Systems is working on a restructuring deal with Takata , and could acquire the latter's operations for around 180 billion yen ($1.6 billion US) and continue producing airbags, seatbelts, and other safety components for the automotive industry.

Business

India, Pakistan become full members of SCO

The meeting between both the leaders was first after India boycotted the high-profile Belt and Road Forum held in Beijing last month. The Indian side is grateful for China's support for India's accession to the SCO and will work closely with China in the organisation, Modi said.

Business

Lookout for Price Target? Biogen Inc. (BIIB), Spirit Realty Capital, Inc. (SRC)

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. The stock, after opening at $7.79, hit $7.7 through the close by scoring -0.13%. Corporate insiders own 0.50% of the company's stock. Investment Centers of America Inc.

Business

Indian equities close flat, healthcare stocks slip (Second Lead)

BSE Mid-cap index gained 25.56 points or 0.17% to end at 14,807.33 points, while the BSE Small-cap index gained 21.35 points or 0.14 per cent to close at 15,667.24 points. The Sensex has so far touched a high of 31,182.73 points and a low of 31,059.41 during intra-day trade. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, on track to end the week down 0.7 per cent.

Business

Want to open bank account? You must possess Aadhaar number

The Budget 2017 had also ruled in line with this move, mandating the linking of the Aadhaar number with the PAN to prevent individuals from using multiple PANs to evade taxes. Such small account should remain operational for a period of 12 months and thereafter for a similar period if the account holder provides evidence that he or she has applied for officially valid identification documents.

Business

Berenberg Bank Trims Greencore Group plc (GNC) Target Price to GBX 340

As per Thursday, February 9, the company rating was maintained by Craig Hallum. The stock of BP plc (LON:BP) earned "Neutral" rating by BNP Paribas on Wednesday, July 29. Sound Shore Management Inc decreased Aon Plc (NYSE:AON) stake by 56,985 shares to 1.37 million valued at $152.76 million in 2016Q4. London Stock Exchange Group Plc (LON:LSE) has 0.00% since June 13, 2016 and is.

Business

Arunabh Kumar steps down as TVF CEO following harassment, molestation charges

In the absence of Mr Kumar, Dhawal Gusain will take over as the new CEO of TVF. The allegations first surfaced when a woman, claiming to be a former employee of TVF, in an anonymous blog post accused Kumar of sexually exploiting her during her stint in the firm from 2014-2016.

Business

Gold hits three-week low as dollar firms

Higher rates could boost the dollar, making commodities priced in the greenback more expensive for holders of other currencies. Meanwhile, the testimony of US Attorney General Jeff Sessions and his refusal to detail conversations with President Donald Trump was deemed a "non-event" by some market analysts.

Business

US House passes sweeping financial deregulation bill

Democrats suggested they would modify Dodd-Frank, but said the Republican bill presented too sweeping an overhaul of the original legislation. The Financial Choice Act of 2017 would remove provisions of the 2010 Dodd-Frank Act, This including the Volcker Rule, which prohibits banks from making certain speculative investments.

Business

Ryan on Mueller: Let special counsel 'do his job'

Trump has said he is "100 per cent" willing to testify under oath on Comey meetings and tell the FBI Special Consul Robert Muller that he never asked FBI to stop investigating. we don't want people talking publicly about open investigations", he said. "The best advice would be to let Robert Mueller do his job", he told reporters.

Business

Trump Says Obstruction Of Justice Probe Based On 'Phony Story'

According to the paper, Daniel Coats, the current director of national intelligence, Mike Rogers, head of the National Security Agency, and Rogers's recently departed deputy, Richard Ledgett, agreed to be interviewed by Mueller's investigators as early as this week.

Business

Talks to restore Northern Executive to resume at Stormont

Had Theresa May secured a decisive victory in last week's Westminster elections , she probably would have called Northern Ireland's parties to London this week and urged them to complete their power-sharing negotiations. Mrs May is coming under intense pressure to change her approach to leaving the European Union, with predecessor David Cameron among those suggesting a softer stance with a greater effort to seek a consensus.

Business

Trump reacts on Twitter after special counsel reportedly starts investigating him

In a tweet early Thursday, Trump said: "They made up a phony collusion with the Russians story, found zero proof, so now they go for obstruction of justice on the phony story". The president has long vehemently denied any collusion with Moscow. Comey was later sacked, with Trump acknowledging that the Russian investigation was on his mind when he chose to dismiss him.

Business

Gilead Sciences, Inc. (NASDAQ:GILD) Under Analyst Spotlight

It has underperformed by 41.10% the S&P500. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gilead Sciences, Inc. The Channing Capital Management Llc holds 86,568 shares with $6.20 million value, down from 106,858 last quarter.


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