Markets

Saudis, Russia Favor Extending Oil Cuts Until End March 2018

After the price of oil started to plunge three years ago, Opec - in particular Saudi Arabia - stood by, hoping the financial pressure on USA shale would force it to cut back. At the beginning of 2017, those stockpiles totaled 276 million barrels. Rigs targeting crude in the USA increased for a 17th week to 712, the highest since April 2015, Baker Hughes data showed on Friday. [Full Article...]

Embattled Brazilian president refuses to resign

Embattled Brazilian president refuses to resign The center-right president insisted on Brazilian television Thursday that he "will not step down" and "did not buy the silence of anyone". Free webinar: Register now to learn about Closing the Gap between Government and IT with Army and Military Health System. [Full Article...]

Republicans in Congress are preparing to investigate President Trump

Republicans in Congress are preparing to investigate President Trump Trump tweeted after firing Comey last week. "The requests follow news reports that Comey authored internal memos following meetings and conversations with President Trump in order to document what he perceived to be improper behaviour by the President with respect to ongoing investigations at the FBI", Grassley said in an announcement on his website. [Full Article...]

Snap shares hammered after US$2.2b loss

The owner of Snapchat , the popular disappearing message application, reported a net loss of $2.2 billion in the January-to-March period. Instead, Snapchat reported 166 million daily active users in the latest quarter, an increase of just 8 million. [Full Article...]

Institutional Investors Are Selling Magellan Midstream Partners LP (NYSE:MMP)

Institutional Investors Are Selling Magellan Midstream Partners LP (NYSE:MMP) Shell Midstream Partners has a consensus rating of Buy and an average target price of $37.86. EQT Midstream Partners, LP (NYSE:EQM) presently has a 10 month price index of 0.99942. About 9,000 shares traded. Investors sentiment increased to 1.28 in 2016 Q4. Its down 0.45, from 1.52 in 2016Q3. It turned negative , as 36 investors sold NBL shares while 174 reduced holdings. [Full Article...]

Augusta location among list of Gander Mountain stores to remain open

Augusta location among list of Gander Mountain stores to remain open The company said it was selling the business, in part, because of underperforming stores. Gander Mountain , a popular gun and hunting store, has announced that it is closing some of its stores nationwide, the Charlotte Observer reports. [Full Article...]

Oil rebounds Friday as Saudi get assurances Russia will extend supply cuts

Oil rebounds Friday as Saudi get assurances Russia will extend supply cuts What will also dampen the cartels future perspective to strengthen crude prices and increase market share is Russian Federation, world largest oil producers reluctance to extend the production cut as it generally ramps up its production in the second half of the year and also because of its allegedly 100 percent compliance rate up to May 2017 as per a recent report by the country's ministry of ene... [Full Article...]

U.S. stocks sink on Trump impeachment fears

U.S. stocks sink on Trump impeachment fears Bonds, utilities and gold rose as traders shunned riskier assets. "What you're seeing is a classic run toward safety". The Nasdaq Composite ( COMP - 6,011.68) dropped 158.20 points, or 2.6%. The White House denied it. YUKI NOGUCHI, BYLINE: As questions swirl about what the president said to Comey before he was sacked, those on Wall Street now apparently figure that Washington will be tied ... [Full Article...]

Admiral Group plc's (ADM) "Hold" Rating Reiterated at Peel Hunt

The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/05/19/admiral-group-plcs-adm-hold-rating-reiterated-at-peel-hunt-updated.html. It dropped, as 35 investors sold Callidus Capital Corp shares while 76 reduced holdings. 132 funds opened positions while 525 raised stakes. 149.18 million shares or 3.88% more from 143.61 million shares in 2016Q3 were report... [Full Article...]

Soundgarden and Audioslave rocker Chris Cornell takes his own, aged 52

A MI medical examiner made the ruling on Thursday (18May17), hours after the 52-year-old Soundgarden singer was found dead in a Detroit hotel room on Wednesday night (17May17). Cornell referenced death - and suicide - in 2007 interview with the AP when discussing his single , "No Such Thing". Cornell also collaborated with members of what would become Pearl Jam to form Temple of the Dog , wh... [Full Article...]

Global oil rises on United States inventory draw as OPEC beckons

Brent crude futures were down 50 cents, or 1 percent, from their last close at $51.15 (39.59 pounds) per barrel at 0146 GMT. But the US crude drawdown was smaller than expected and the oil market remained extremely well supplied, analysts said . [Full Article...]

Talks on Airplane Laptop Ban End with No Ban, More Talks

European Union officials met Wednesday with a delegation led by Homeland Security Deputy Secretary Elaine Duke to discuss "serious evolving threats to aviation security and approaches to confronting such threats". Homeland Security previously said the electronics ban involving Middle Eastern airports was put in place because USA officials were "concerned about terrorists' ongoing interest in targ... [Full Article...]

Gold rises on lower rate hike expectations

Gold rises on lower rate hike expectations Gold for June delivery on the Comex division of the New York Mercantile Exchange rose 0.35% to $1,234.34 a troy ounce. "It (North Korea's missile test) is underpinning support for gold but at the moment its obviously not escalated to the point where investors are becoming overly anxious about", said ANZ analyst Daniel Hynes. [Full Article...]

Numis Securities Ltd Reaffirms Buy Rating for Schroders plc (SDR)

It has outperformed by 6.60% the S&P500. COPYRIGHT VIOLATION NOTICE: "RSA Insurance Group plc (RSA) Price Target Increased to GBX 635 by Analysts at Barclays PLC" was posted by Community Financial News and is owned by of Community Financial News. [Full Article...]

Finally, 'Arrow' Fans Can See Superhuman Stephen Amell On 'Ninja Warrior'

Finally, 'Arrow' Fans Can See Superhuman Stephen Amell On 'Ninja Warrior' On May 25 as part of NBC's Red Nose Day , the hit athletic competition series American Ninja Warrior will hold a special "Celebrity Edition" episode in which comedians like Nikki Glaser, broadcast journalist Natalie Morales, retired Major League Baseball player Nick Swisher, and more will compete for a chance to climb Mount Midoriyama. [Full Article...]

Huntington Bancshares Incorporated (HBAN) Issues Quarterly Earnings Results

National Pension Service purchased a new position in Huntington Bancshares during the first quarter worth about $13,279,000. About 608,887 shares traded. ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Sports Perspectives and is the sole property of of Sports Perspectives. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/05/18/huntington-bancsha... [Full Article...]

Upper Midwest farmers make rapid planting progress

Upper Midwest farmers make rapid planting progress July Soybean fell 0.5 cent, or 0.05%, to 9.7575 bu. But then Brazil is a relatively minor force in robusta shipments, in which it ranks well behind Vietnam, while being top dog in arabica - meaning that the real's tumble stands to have a bigger effect on arabica trade. [Full Article...]

Amazon Echo Show With Touchscreen Gets Official

There's also a "drop-in" calling feature that lets someone turn on your camera remotely. The device will be available in white and black colour variants. The new Amazon Echo Show with a touchscreen is capable of streaming videos and while music is playing, it shows song lyrics on the screen. As with most Amazon products, the Show also works best within the company's ecosystem. [Full Article...]

TT Electronics plc (TTG) Rating Reiterated by Liberum Capital

Visa Inc Com Cl A now has $208.55B valuation. About 3.37M shares traded or 16.21% up from the average. Visa Inc (NYSE:V) has risen 6.00% since April 18, 2017 and is uptrending. Mount Vernon Assocs Md invested in 11,625 shares or 2.63% of the stock. Therefore 94% are positive. A number of other research analysts have also issued reports on IMT. [Full Article...]

Kuwait Joins Saudis, Russia to Seek Oil-Cuts Extension Into 2018

And on Tuesday, Kuwait said it "gives its full backing and support to. extend the oil output cuts deal between OPEC and other producers until March 2018". "The two ministers agreed to do whatever it takes to achieve the desired goal of stabilising the market and reducing commercial oil inventories to their five-year average level", the statement said. [Full Article...]


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