Markets

OPEC sees much higher oil supply from rivals in 2017

USA crude stocks fell last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday. World oil demand growth for 2017 was left unchanged at 1.27 million barrels per day with non-OECD countries leading the growth. An increased likelihood of an extension of production cut by Opec and non-Opec allies beyo... [Full Article...]

Coach-Kate Spade Deal: What Investors Should Know

According to Coach , about 60% of Kate Spade's customers are millennials. " Coach stuff was just so ubiquitous, and the brand had become a bit devalued, and no one wanted to pay full price for it", said Neil Saunders , a retail analyst with GlobalData Retail, a research firm. [Full Article...]

Bank of England cuts United Kingdom growth forecast

The economy grew by 0.3% in the first quarter of 2017, a sharp slowdown from the 0.7% growth rate in the final three months of 2016. Financial markets are now pricing in two Bank of England rate rises by 2020, up from one when the Bank finalised its latest Inflation Report projections last week. [Full Article...]

Melissa McCarthy Spotted As Spicer In NYC

The network posted a video on Facebook . WaPo later offered a correction stating Spicer was "among the bushes" not "in the bushes". Brian Stelter, host of CNN's " Reliable Sources ", reported that McCarthy appeared to be filming segments for the show outside the CNN building. [Full Article...]

Deutsche reiterated Compass Group (LON:CPG) as 'Hold'

Its up 1.09% from 1.09M shares previously. Abiomed Inc now has $5.76B valuation. Liberum Capital's price objective suggests a potential downside of 1.74% from the stock's previous close. In an analyst rating update on Friday shares of Compass Group (LON:CPG) had their rating reiterated by analysts at Numis Securities. Therefore 36% are positive. [Full Article...]

Mattis tells Turkey's PM: US committed to your security

Turkish President Recep Tayyip Erdogan called on the U.S.to reverse its decision, saying weapons in the hands of the Kurdish-led forces are a "threat" to his country. The weapons will not be reclaimed by the USA after specific missions are completed, he added, speaking by teleconference from Baghdad, but the US will "carefully monitor" where and how they are used. [Full Article...]

North Korea accuses USA of elaborate plot to kill Kim Jong Un

North Korea accuses USA of elaborate plot to kill Kim Jong Un According to a statement made by the ministry, the Central Intelligence Agency and NIS "infiltrated a criminal group into the DPRK which was to carry out a terrorist attack on the country's supreme leadership using a bio-chemical substance". [Full Article...]

Conductor to be charged with causing 'catastrophe' in deadly Amtrak crash

Pennsylvania Attorney General Josh Shapiro said charges were filed against Brandon Bostian , the engineer, or driver, of the Amtrak 188 train involved in the deadly May 12, 2015 incident. Kline, the attorney for the victims' families. National Transportation Safety Board investigators said the train was traveling at 105 miles (170 kilometers) an hour, twice the speed limit, when the driver slam... [Full Article...]

CyberArk Software Ltd. (NASDAQ:CYBR) Valuation According To Analysts

CyberArk Software Ltd. (NASDAQ:CYBR) Valuation According To Analysts The stock of Cyberark Software Ltd (NASDAQ: CYBR ) has "In-Line" rating given on Thursday, February 18 by Imperial Capital. Goldman Sachs Group Inc upgraded shares of Cyberark Software from a neutral rating to a buy rating and boosted their target price for the company from $57.00 to $64.00 in a research report on Thursday, March 30th. [Full Article...]

North Korea Detains Fourth American Citizen on Charges of 'Hostile Acts'

Kim Sang Dok, the former accounting instructor at the Pyongyang university, was arrested at the Pyongyang International Airport on April 22, the KCNA said. A close friend of Song's, David Kim, recounted how much Song devoted himself to the betterment of life of the citizens of North Korea. But at times , Trump has tempered his tough talk on the country with praise for Kim Jong-un's supposed i... [Full Article...]

The Pope proclaimed saints two children

May 12 , 2017 11:20 a.m.:Pope Francis has landed in Portugal. The relics of the young shepherd children, encased in two thin golden crosses, were placed in front of the famed statue of Our Lady of Fatima, the "lady dressed in white" as the siblings and their cousin described her. [Full Article...]

US Nears $100 Billion Arms Deal With Saudi Arabia

The arrangements are being made for the meeting between PM Nawaz and US President Donald Trump who will also be attending the summit in Riyadh, FO said. "In many ways it is meant to build capabilities for the threats they face", the report quoted the official as saying. Trump is scheduled to leave for Saudi Arabia on May 19. [Full Article...]

'Star Wars'-inspired Kylo among most popular boys' names in 2016

'Star Wars'-inspired Kylo among most popular boys' names in 2016 It's enough to make you wonder how many people actually understood the very basic plot of The Force Awakens . The SSA specifically attributed the rise to Kylo Ren, the Darth Vader devotee and son of Han Solo played by Adam Driver. There are lots of ways to express yourself as a Star Wars fan. The info dump also tells us other ways Hollywood affected Americans' child-naming decisions past year... [Full Article...]

Davenport Gander Mountain's new owner wants store to stay open

Davenport Gander Mountain's new owner wants store to stay open The camping and outdoor supply store is at Hudson Valley Plaza, behind Walmart, on Frank Sottile Boulevard in the town of Ulster. Stores around the country have been closing. However, since Sunday, he has been posting updates on Twitter with lists of stores that will remain open, including those in Lakeville, Baxter, Hermantown and Forest Lake in Minnesota and Fargo, the company's only store in ... [Full Article...]

Bernie Sanders Defended Trump On His Australian Health Care Comment

Bernie Sanders Defended Trump On His Australian Health Care Comment US President Donald Trump met Australian Prime Minister Malcolm Turnbull and declared they "get along great", following a testy phone exchange earlier that strained ties between the two countries. Trump's press conference with Turnbull was also notable for an awkward moment when the U.S. president failed to notice the Australian PM attempting to shake his hand. [Full Article...]

Judge Overrules Prosecutor, Orders Charges Brought Against Conductor in Philly Amtrak Crash

The judge had signed off on two misdemeanor charges over Rachel Jacobs' death in the May 12, 2015, derailment. The Amtrak train, headed to New York City, derailed and crashed in Philadelphia on May 12, 2015, killing eight people and injuring dozens of others. [Full Article...]

Saudi Arabia First Stop of Trump International Trip

Saudi Arabia First Stop of Trump International Trip His trip, he said, "will begin with a truly historic gathering in Saudi Arabia with leaders from all across the Muslim world ", where "we will begin to construct a new foundation of cooperation and support with our Muslim allies to combat extremism, terrorism and violence". [Full Article...]

Washington Is Never Going to Get Healthcare 'Right'

In fact, 59% of Republicans surveyed said they were against such a provision, with just 34% saying it was a good idea. There are five female Republican senators. Participants said the group's work had a long way to go. Opposition to the AHCA was highest among voters who identified themselves as Democrats, with 81 percent saying they disapprove of the House GOP plan. [Full Article...]

Southwest passengers get into fistfight

Video of the altercation shows two men wrestling and throwing punches at each other as a woman yells, "What is wrong with you?" He was arrested at the gate for assault and battery and was being held on $50,000 (£38,600) bail. It wasn't the plane that was flying, but a pair of fists Sunday, and it was caught on video, reports CBS Los Angeles . The footage was posted on Twitter by Nick Krause ... [Full Article...]

Japan strongly protests North Korea firing of ballistic missile - Suga

North Korea's past long-range satellite launches have been called clandestine tests of ICBM technology, but it is not believed to have tested a true intercontinental ballistic missile yet. The isolated regime attempted but failed to test-launch ballistic missiles four consecutive times in the past two months but has conducted a variety of missile testing since the beginning of a year ago at fast p... [Full Article...]


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