Markets

Oil slips further on disappointing OPEC meeting outcome

In the talks with OPEC Secretary General Mohammad Sanusi Barkindo, the Indian minister told OPEC to address concerns of major buyers like India at a time when there were multiple options in a situation of supply glut caused by United States shale oil . [Full Article...]

ONGC Q4 Net dips 6.2% at Rs 4340 cr on royalty payments

ONGC Q4 Net dips 6.2% at Rs 4340 cr on royalty payments Gross revenue for 2016-17 gained a mere 0.2 per cent to Rs 77,907 crore compared with Rs 77,740 crore in the previous year. "Taking into account the good result, we have proposed a bonus issue of one share for every two equity shares", said MK Surana, chairman and managing director, HPCL. [Full Article...]

Oil edges up after dip on disappointing OPEC meeting outcome

Oil edges up after dip on disappointing OPEC meeting outcome Shares were higher in Taiwan, Thailand and Singapore . Global benchmark Brent shed about 0.5%. Sterling was one of the worst performing major currencies against the U.S. As of 08:51 (MSK) July futures for Brent of Brent crude fell 0.60% to $51.13. Palladium is up more than 1% for the week and on track for its first weekly gain in May. [Full Article...]

Pounding Higher, Is There More to Come From: Pepsico, Inc. (NYSE:PEP)

Pepsico Inc now has $169.37B valuation. The stock rose 0.45% or $0.52 reaching $115.57 per share. About shares traded. Allot Communications Ltd (ALLT) has risen 1.03% since May 25, 2016 and is uptrending. Credit Suisse has "Underperform" rating and $19 target. The stock has "Buy" rating by Sterne Agee CRT on Tuesday, July 21. The rating was downgraded by Vetr on Thursday, August 27 to "Buy". [Full Article...]

Most Active Stock: Chesapeake Energy Corporation (CHK)

Most Active Stock: Chesapeake Energy Corporation (CHK) Chesapeake Energy Corp (Put) now has $4.60 billion valuation. Chesapeake Energy Corporation (CHK ) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. Equities analysts anticipate that Chesapeake Energy will post $0.86 EPS for the current fiscal year. "( CHK )" was originally reported by Sports Perspectives and is the property of of Sports Perspectives. [Full Article...]

U.S. plans first test of ICBM interceptor amid North Korea tensions

U.S. plans first test of ICBM interceptor amid North Korea tensions At least 16 Americans have been detained there in the past decade, the department says. But people still keep going. "This system imposes unduly harsh sentences for actions that would not be considered crimes in the United States and threatens USA citizen detainees with being treated in accordance with 'wartime law of the DPRK.' Since the United States does not maintain diplomatic or consu... [Full Article...]

Trump's son-in-law Jared Kushner 'investigated by FBI'

Trump's son-in-law Jared Kushner 'investigated by FBI' Press secretary Sean Spicer did not deny the news reports at the time , and on Thursday, the Washington Post and NBC News reported that Kushner was a focus of the FBI's case, citing anonymous sources familiar with the investigation. [Full Article...]

Lawyer says Kushner willing to cooperate with investigators

Lawyer says Kushner willing to cooperate with investigators Donald Trump's son-in- law is under investigation over the "extent and nature" of his dealings with Russian officials, U.S. media is reporting. The New York Times reported last month that Kushner omitted in filling out security clearance forms having communicated with Kislyak and Gorkov. [Full Article...]

Saudi Arabia, Russia Back OPEC's Oil Output Cut in Joint Statement

OPEC now produces about 31.9 million barrels of oil a day. But there's one thing standing in the way of higher prices: US oil production. Oman said it fully supported the idea of a nine-month extension. Members of the Organization of Petroleum Exporting Countries agreed in November to cut 1.2 million barrels a day of oil production. Today Libyan oil output creeps higher ahead of OPEC decisio... [Full Article...]

Tillerson: Trump Pressuring Israel, Palestinians

The President reinforced the message when he went on to have a meeting with Israeli Prime Minister Benjamin Netanyahu . Although he stressed exerting efforts to achieve peace, the U.S. This trip was much more about smiles. With this agreement, and the current strength of the US-Saudi bilateral relationship, the two countries can look forward to even more trade agreements within the year. [Full Article...]

Asian shares firm, dollar and US bond yields slip after Fed

Asian shares firm, dollar and US bond yields slip after Fed Wall Street liked what it saw. The Standard & Poor's 500 index advanced 11 points, or 0.5 percent, to 2,415 as of 11:25 a.m. Following the minutes, the 10-year U.S. LOST ITS SHINE: Sales for jewelry retailer Tiffany weren't as good as expected in the first quarter. High-dividend companies including real estate investment trusts and utilities traded higher. [Full Article...]

Oil price falls despite OPEC deal extension

Oil price falls despite OPEC deal extension However, investors in the financial markets weren't much impressed by this output cut agreement. "It hasn't worked so far", said Matt Smith, director of commodity research at ClipperData. "It's a bit of a headscratcher". By the same token, some USA shale leaders may also want a better insight into OPEC thinking and help OPEC understand that shale is not a flash in the pan. [Full Article...]

Check Out The Ultimate Growth Story: Comcast Corporation (CMCSA)

Hedge funds and other institutional investors have recently modified their holdings of the company. Following the completion of the transaction, the executive vice president now directly owns 980,498 shares in the company, valued at $38,229,617.02. [Full Article...]

Mark Zuckerberg supports universal basic income. What exactly is it?

Mark Zuckerberg supports universal basic income. What exactly is it? Years later, he understood that it is up to us to create a sense of higher goal so we can all keep moving forward together. He urged graduating students to find projects bigger than themselves, to redefine equality and build community across the world. [Full Article...]

Taking a Look at the Data Behind Synchrony Financial (SYF)

Norinchukin Bank The now owns 27,072 shares of the financial services provider's stock valued at $929,000 after buying an additional 2,732 shares during the period. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business also recently declared a quarterly dividend, which was paid on Thursday, May 18th. [Full Article...]

US durable goods orders fell for first time in 5 months

US durable goods orders fell for first time in 5 months Commerce Department said Friday. Transportation equipment, also up two consecutive months, led the increase, $1.3 billion or 0.2% to $766.6 billion. That was down from a revised $232.7 billion in March. A key measure of business investment, known as core capital-goods orders, meanwhile, was flat for the second month in a row. Despite the April drop, American manufacturing has bounced back in re... [Full Article...]

China Slams Moody's Credit Rating Downgrade Over Debt

S&P and Fitch have also revised their ratings, placing China's foreign and local currency long term debt at AA- with a negative outlook, and A+ with a stable outlook, respectively. Moody's also cast doubt on the effectiveness of China's reform plans, although it said the government's commitment was "clear". After a drop in early trading, the Shanghai Composite equity index closed with a marginal... [Full Article...]

Ensco plc (NYSE:ESV) Sees The Needle Move on Volume

The share price is trading in a range of $6.76 - 7.60. Finally, Credit Suisse Group AG upgraded shares of Ensco Plc from a "neutral" rating to an "outperform" rating and set a $15.00 target price for the company in a research note on Friday, February 3rd. [Full Article...]

Temperatures and humidity on the rise through this weekend — FIRST ALERT FORECAST

Temperatures and humidity on the rise through this weekend — FIRST ALERT FORECAST Computer models show a few showers possible on Saturday . "Really, the main thing we're going to be looking out for is Saturday night ", said Jackson. Chance of precipitation is 80%. Thursday: A chance of showers. Southwest wind 9 to 13 miles per hour. The overnight low will be 68. Northwest wind around 10 miles per hour. [Full Article...]

Morning Buzz: Hecla Mining Co. (HL)

Zacks Investment Research raised shares of Hecla Mining Company from a "sell" rating to a "hold" rating in a research report on Friday, February 17th. If you are accessing this article on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright laws. [Full Article...]


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