Markets

Oil prices down as United States reels from Harvey

Oil prices down as United States reels from Harvey

The good news in that report was that despite Texas being the bull's eye for Harvey , the state is still among those with the lowest average price at the pump. Earlier this week, Barclays estimated that Harvey knocked out roughly 500,000 barrels per day of crude oil production, well short of impact is had on refining. Read More

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Oil rises, gasoline jumps 13 pct as USA refineries reel

Oil rises, gasoline jumps 13 pct as USA refineries reel

Labor Day weekend's traditional surge in driving. The national average price of gasoline has started to rise, as major refineries in the Houston area have shut down. The U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement said that roughly 13.5 percent of oil production in the Gulf of Mexico was also shut in on Thursday. Read More

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August Jobs Report Disappoints as Unemployment Ticks Up

August Jobs Report Disappoints as Unemployment Ticks Up

The Labor Department also revised down earlier estimates for job growth in both June and July by a total of 41,000 jobs, suggesting that the labor market is not quite as strong as it appeared to be a month ago. Employers in the US added a less-than-expected 156,000 net new jobs. Despite the slight increase the unemployment rate is not bad - it's at a level considered to be at or near full employment by many economists. Read More

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VW, Nissan and Toyota enter the United Kingdom diesel scrappage market

VW, Nissan and Toyota enter the United Kingdom diesel scrappage market

A similar trade-in scheme exists in Germany. It is an important move for Volkswagen especially, which has suffered since 2015's "Dieselgate", a scandal in which millions of VW vehicles were proven to have cheated emissions tests. The UK offer builds on VW's scrappage scheme now in place in Germany. There are now six manufacturers in the United Kingdom offering drivers a discount on a new vehicle if they trade in an older, more polluting one but, according to new research the offers ... Read More

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Harvey knocks out more refineries, shifting global oil flows

Harvey knocks out more refineries, shifting global oil flows

Motorists throughout the USA should expect gasoline prices to jump, while consumers driving in Texas, Louisiana and neighboring states will see the largest increase in the coming days and weeks. But down the street, at the QT, people fumed at what they will have to become accustomed to - prices over $2.44 a gallon. "No doubt, Harvey has impacted operations and access to refineries in the Gulf Coast", Casselano said. Read More

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U.S. company to update pacemaker software against hacking risks

U.S. company to update pacemaker software against hacking risks

Patients must visit their doctors to get the updates, which should take about three minutes. The FDA notes that on August 23, it approved the firmware update "that is now available and is intended as a recall, specifically a corrective action, to reduce the risk of patient harm due to potential exploitation of cybersecurity vulnerabilities for certain Abbott pacemakers". Read More

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Hurricane Harvey: Explosion risk at chemical plant forces evacuations

Hurricane Harvey: Explosion risk at chemical plant forces evacuations

Arkema says in a news release that it manufactures organic peroxides in Crosby, about 25 miles (40 kilometers) northeast of Houston. Late Monday night, the facility lost power from both its primary supply and its backup generators. It would be surprising if Arkema had not considered a scenario like this, said Sam Mannan of Texas A&M University's Mary Kay O'Connor Process Safety Center. Read More

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United States economic growth revised up to 3 per cent in Q2

United States economic growth revised up to 3 per cent in Q2

Rising consumer spending, nonresidential fixed investment, exports, federal spending and private inventory investment drove the GDP increase in the second quarter. Fallout from Hurricane Harvey may also trim third-quarter growth, though reconstruction is likely to help expansion in the following period. For the year a whole, I am now predicting real GDP growth of 2.2 percent, with 2.8 percent growth for the current third quarter. Read More

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Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber?

Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber?

Uber operates in more than 75 countries worldwide . Khosrowshahi, 48, is an Iranian immigrant who came to the United States with his parents in 1978 during the Iranian Revolution. "At some point, I expect the company to be public, but that's up to the board". The company is losing hundreds of millions of dollars a quarter. Gross bookings at the service doubled as the number of trips climbed 150 percent from a year earlier. Read More

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Here's how much Amazon lowered Whole Foods prices

Here's how much Amazon lowered Whole Foods prices

It's an "opening salvo" in the grocery wars, said Neil Saunders, managing director of GlobalData Retail, and shares of other supermarkets fell on the news. The FTC filed suit to unwind the deal, arguing that P&G would drive competitors from the market, not because those competitors offered an inferior product - all bleach is chemically identical - but because P&G had a promotional advantage. Read More

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No. 17 Florida suspends WR Robinson for game vs. UM

No. 17 Florida suspends WR Robinson for game vs. UM

This year, Harbaugh took his team to Rome for a week of spring practice, completed his second expansive tour of satellite camps and connected with famous folks from many walks of life on social media. "The quarterback situation, we have a plan that's in place", McElwain said. That was his choice in doing it, which is probably not something I'd do. Read More

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Growth Analysis of ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA)

Growth Analysis of ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA)

Td Asset Incorporated holds 22,693 shares. The firm earned "Perform" rating on Monday, July 31 by Oppenheimer. Deutsche Bank maintained the shares of ULTA in report on Friday, March 11 with "Hold" rating. Kimbell David C also sold $4.09M worth of Ulta Beauty Inc (NASDAQ: ULTA ) on Thursday, March 30. The stock of Ulta Beauty Inc (NASDAQ: ULTA ) has "Sector Perform" rating given on Friday, December 4 by RBC Capital Markets. Read More

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United States stocks, bonds slip before Yellen's speech; oil drops

United States stocks, bonds slip before Yellen's speech; oil drops

USA stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming . Forbes Leckie, a broker with OMF, said the swap market - particularly at the front end - has been stable lately as the market is now pricing in the first rate hike in November 2018, a shift from a few months ago when it was February-March. Read More

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Inside Trump's (Current) Beef With The GOP

He's repeatedly stated there is neither smoke nor fire when it comes to Russian Federation, so you'd think he'd want to just chill the fuck out lest it appear as though he really had something to hide. Trump risks obstruction charge pressuring McConnell on Russian Federation... Congress' Republican leaders have an opportunity to be remembered for saving the country by bringing about the end of this president's tenure as soon as possible. Read More

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RBI to introduce Rs 200 currency notes from September

RBI to introduce Rs 200 currency notes from September

Over the last few months, central government, as well as RBI, have been advocating the need to remove high denomination notes from the system. Reportedly, the new notes will hit the market by August end or first week of September. The portrait of Mahatma Gandhi , the Reserve Bank seal, guarantee and promise clause, Ashoka Pillar Emblem on the left, RBI Governor's signature are printed in intaglio i.e.in raised prints, which can be felt by touch, in Rs 20, Rs 50, Rs 100, Rs 500 and Rs 2000 ... Read More

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Sempra Energy bids $9.45 billion for Oncor

Sempra Energy bids $9.45 billion for Oncor

The deal still needs the approval of the Public Utility Commission of Texas, U.S. Bankruptcy Court of Delaware, Federal Energy Regulatory Commission and the U.S. Elliott also tried to put together its own bid for $9.3 billion to buy Oncor . Sempra Energy expects the transaction to be completed in the first half of 2018. Read More

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Zacks Investment Research Lowers AP Moller - Maersk A/S (AMKBY) to Sell

Zacks Investment Research Lowers AP Moller - Maersk A/S (AMKBY) to Sell

Shares in A.P. Moller - Maersk rose 4.1 per cent to DKK13,330 (€1,792). Maersk will retain an interest in the sector through 97.5 million shares in the French energy group, equal to approximately 3.76% of Total. For example, in January 2016, oil prices fell below $30 per barrel in the global markets for the first time in 12 years, amid fears of a stall in China's growth. Read More

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Mark Zuckerberg closes internal Facebook Anon group over being political

Mark Zuckerberg closes internal Facebook Anon group over being political

The group started speaking about the USA presidency in 2016 when Trump got elected. However, CEO Mark Zuckerberg found out that the platform was being used for harassment, and as a result, it was closed in December 2016 . The revelation about Facebook Anon's shutdown comes as US tech companies struggle with protecting workers' free speech rights and at the same time try to fight against hate speech, like Google's recent case. Read More

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Sikka's resignation: Infosys Board blames NRN Murthy

Sikka's resignation: Infosys Board blames NRN Murthy

While Pravin Rao, now COO, has been named interim CEO, Sikka will become executive vice- chairman and will be paid $1 in annual salary. While he didn't detail out these "distractions", it may be noted that some of Infosys founders, including N R Narayana Murthy , have alleged corporate governance lapses at the firm and questioned the high compensation paid to Sikka and severance package extended to certain former executives. Read More

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United Kingdom plans to keep visa-free travel for European Union visitors after Brexit

United Kingdom plans to keep visa-free travel for European Union visitors after Brexit

Britain's membership in the EU customs union, which now allows for the tariff-free movement of goods, will end along with its membership of the single market when it exits the bloc in March 2019. Instead, the European Union made a decision to accept the U.K.'s request to delay the start of the next round of Brexit negotiations to enable British officials-98 of which attended the Brussels talks in July-to put their feet up on Britain's August 28 "summer bank holiday", according to two people ... Read More

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Commuters advised to avoid travelling to London Waterloo

Commuters advised to avoid travelling to London Waterloo

London Waterloo was declared a no-go zone after a train derailment caused severe disruption and delays . "There's going to be major delays when I come home too". "Only single track in/out on this side, apparently". The company said: "South West Trains are advising not to travel into London at this time". Craig Le Grice said: "Waterloo part-closed for derailment, Uber sets surge pricing to 3.8x". Read More

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Gold steady near two-months highs as North Korea tensions lend support

Gold steady near two-months highs as North Korea tensions lend support

ASIA'S DAY: Earlier, Asia bore the brunt of the mounting geopolitical uncertainty, with South Korea's Kospi index closing down 1.7 percent at 2,319.71 and Hong Kong's Hang Seng ending 2 percent lower at 26,883.51. United States producer prices unexpectedly recorded their biggest drop in almost a year, and the number of Americans filing for unemployment benefits unexpectedly rose last week. Read More

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Tesla is developing autonomous trucks

Tesla is developing autonomous trucks

Peloton Technology is working with Volvo on a similar platooning system to Tesla's trucks. Luxury electric vehicle maker Tesla reportedly plans to start testing a self-driving semi-truck. Self-driving cars, though, have been tested on California roads. Tesla certainly won't be the last to pursue autonomous tech for commercial purposes. Read More

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TSX Slips As US-North Korea Tensions Flare

TSX Slips As US-North Korea Tensions Flare

North Korea seemed unfazed by the president's bluster, however, as state media carried a statement indicating the communist nation is "carefully examining" a plan to strike the U.S. Declining issues outnumbered advancers on the NYSE by 1,859 to 737. It fell to as low as 2,371.28 earlier, its lowest intraday level since June 23. Read More

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