Mortgage Rates Wednesday, May 3: A Little Wiggle; Awaiting Word From Fed

Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed . Fed Chair Janet Yellen did not have a press conference after this me... More..

by | Published more than a month ago
Crude oil prices lose grip on psychological barrier of $50 per barrel
by | Friday, May 05, 2017

Crude oil prices lose grip on psychological barrier of $50 per barrel

Last year, OPEC and other producers including Russian Federation agreed to cut output by 1.8 million barrels per day (bpd) for the first half of 2017 to try to reduce a global glut. The estimates followed dat...More..

Oil pinned near 5-month low as global oversupply weighs
by | Friday, May 05, 2017

Oil pinned near 5-month low as global oversupply weighs

USA stocks also were lower, with losers led by the energy sector, which fell 2.24 percent to its lowest level since August. West Texas Intermediate, the US benchmark for the price of oil, was down 1.8 percent t...More..

Marks & Spencer names industry veteran Archie Norman as chairman
by | Friday, May 05, 2017

Marks & Spencer names industry veteran Archie Norman as chairman

Norman will officially start his new role as of 1 September and will succeed Robert Swannell who will retire from the board on that date. Norman is a high profile figure in the world of retail and is known as...More..

US Economy Grows at Disappointing 0.7% in First Quarter
by | Friday, May 05, 2017

US Economy Grows at Disappointing 0.7% in First Quarter

University of MI economist Justin Wolfers on Twitter concurred with the White House's assessment that first-quarter GDP quarter is historically weak. This was below the 1.3% estimate and the roughly 2% average ...More..

Justice Dept. opens criminal probe into Uber's evasions
by | Friday, May 05, 2017

Justice Dept. opens criminal probe into Uber's evasions

Uber has admitted that it used its Greyball technique on 17 rider accounts of mostly government officials in Portland during a two-week period in late 2014, before the city had implemented regulations for ride-...More..

by | Friday, May 05, 2017

DOJ not expected to file charges in Alton Sterling case

Ten months after Alton Sterling was killed by Baton Rouge police while pinned to the ground, the Department of Justice announced no federal charges will be filed against the two officers at the scene. Ste...More..

by | Friday, May 05, 2017

100 days into term, Trump's approval slumps in North Carolina

Forty-two percent of registered North Carolina voters say they approve of Trump's job performance, according to an Elon University Poll that came out Wednesday. Just 42 percent of those voters "strongly appro...More..

Oil Tumbles to Five-Month Low as U.S. Production Builds
by | Friday, May 05, 2017

Oil Tumbles to Five-Month Low as U.S. Production Builds

Shale oil producers in the USA are paying the price for pouring increasing output onto the world market. Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-...More..

by | Friday, May 05, 2017

Russia Exceeds Assigned Quota For Production Cut

Analysts forecast USA crude inventories fell about 2. 2 million barrels last week, according to a Reuters poll, making a fourth straight week of declines from a record high reached at the end of March. The cu...More..

Opec oil output falls for fourth straight month
by | Friday, May 05, 2017

Opec oil output falls for fourth straight month

USA crude stocks fell last week, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. OPEC wants to get rid of excess supply that is keeping ...More..

Oil price tumbles amid oversupply fears, unlikelihood of deeper OPEC cuts
by | Friday, May 05, 2017

Oil price tumbles amid oversupply fears, unlikelihood of deeper OPEC cuts

West Texas Intermediate for June delivery fell $1.95, or 4.1%, to $45.87 a barrel at 12:20 p.m. on the New York Mercantile Exchange. Brent crude futures, the worldwide benchmark for oil prices, were at $48....More..

US wheat futures flat as damage assessed; corn, soy firm
by | Friday, May 05, 2017

US wheat futures flat as damage assessed; corn, soy firm

And, with the price of wheat this year, many farmers didn't apply more nitrogen on the crop in an effort to save some money, he said. The Kansas Wheat Tour, set to begin May 2, should provide an objective vie...More..

Southcross Energy Partners, L.P. (NYSE:SXE) Valuation According To Analysts
by | Friday, May 05, 2017

Southcross Energy Partners, L.P. (NYSE:SXE) Valuation According To Analysts

It has underperformed by 35.19% the S&P500. ( NASDAQ:HSIC ), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Blueknight Energy had 9 analyst reports since August 11, 2015 according to SRatings...More..

Fully-healthy Dustin Johnson returns to PGA Tour at Wells Fargo Classic
by | Friday, May 05, 2017

Fully-healthy Dustin Johnson returns to PGA Tour at Wells Fargo Classic

Johnson missed seven putts inside 20 feet, including six that were for birdies. "I haven't practiced much over the last few weeks". "But I practiced a little bit last week and am looking forward to getting ba...More..

by | Friday, May 05, 2017

Tesla 1Q loss widens on higher spending ahead of Model 3

While some of those facilities will be located in the USA, many will be in new markets like Dubai and South Korea, which saw ribbon-cuttings for their first two outlets during the first quarter of the year. Elo...More..

by | Friday, May 05, 2017

A look at the latest twist in Puerto Rico's debt saga

The new conditions call for a federal district judge to be in charge of the restructuring. On Wednesday, the island's authorities resorted to the so-called Title III provision of the Puerto Rico Oversight, Ma...More..

HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B
by | Friday, May 05, 2017

HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B

Apart from a reasonable performance indicating a rebound after a tough-2016, HSBC's continued share purchases, US$1 billion since Feb'17, are drawing investors, who are expecting, along with improving profi...More..

Frontier Communications Corp (FTR) Rating Increased to Neutral at Citigroup Inc
by | Friday, May 05, 2017

Frontier Communications Corp (FTR) Rating Increased to Neutral at Citigroup Inc

Alpha One also gave news articles about the utilities provider an impact score of 88 out of 100, indicating that recent news coverage is very likely to have an impact on the company's share price in the next fe...More..

India troops block Kashmir villages amid rebel hunt
by | Friday, May 05, 2017

India troops block Kashmir villages amid rebel hunt

Police said some residents resisted the search, and clashes erupted in at least two villages. Locals said security forces conducted house-to-house searches in over dozen villages, including Heaf, Sugan, Chili...More..

Family claims Delta threw them off overbooked flight
by | Friday, May 05, 2017

Family claims Delta threw them off overbooked flight

They boarded the late-night flight with a 1-year-old child and a 2-year-old child. A Southern California family was kicked off an overbooked Delta Air Lines flight in Hawaii after being told their 2-year-old ...More..

by | Friday, May 05, 2017

Tesla Posts Loss, Devours Cash - But Promises Model 3 Soon

All that was on display this week as Tesla issued its first-quarter update and Musk held an earnings call with investors. On Wednesday, Tesla ( TSLA ) reported a loss of $330 million for the first thr...More..

Earnings Forecast of Synchrony Financial (SYF)
by | Friday, May 05, 2017

Earnings Forecast of Synchrony Financial (SYF)

Moreover, the stock is down -15.83% in one month through last close, to $28.87, showing a -19.11% return during the past three months. First Eagle Investment Management LLC raised its stake in Synchrony Financ...More..

Wall Street stays lower after Fed holds rates steady
by | Friday, May 05, 2017

Wall Street stays lower after Fed holds rates steady

Talking about emerging markets (EMs), he says one is seeing a resumption in EPS growth after 15-year lows and rate of growth in these markets is better than that of developed markets (DMs) for the first time in...More..

India's Q1 gold demand up 15%, globally declines by 18%
by | Friday, May 05, 2017

India's Q1 gold demand up 15%, globally declines by 18%

Last year, the figure was particularly strong, with first-quarter 2016 inflows to gold-backed exchange-traded funds GLD, -1.40% IAU, -1.49% the second highest on record, he said. The sector remains heavily infl...More..

Nearly half of African journalists attacked on social media
by | Thursday, May 04, 2017

Nearly half of African journalists attacked on social media

He said a vibrant and independent media is the bedrock of every democratic nation, "and we must all work together to protect these institutions". The degree of freedom available to journalists in 180 countr...More..

Deadline approaches for spending paper £5 Bank of England notes
by | Thursday, May 04, 2017

Deadline approaches for spending paper £5 Bank of England notes

If you miss the deadline to offload these old fivers, you can see if your bank or building society or local Post Office will allow you to deposit the void note into your account or swap it for a new polymer fi...More..

by | Thursday, May 04, 2017

Apple announces $1 billion fund to boost manufacturing jobs

Cook said passing a repatriated tax break, which Trump's administration has suggested, would be good for USA companies because it would allow those companies to invest domestically. Cook didn't provide additi...More..

Puerto Rico Throws In The Towel And Declares A Form Of Bankruptcy
by | Thursday, May 04, 2017

Puerto Rico Throws In The Towel And Declares A Form Of Bankruptcy

The bankruptcy process will allow Puerto Rico to impose drastic discounts on creditor recoveries, but also could scare off investors and prolong the island's lack of access to debt markets. The filing was made ...More..

ICICI Bank Q4 standalone net profit increases 189%; gross NPAs surge
by | Thursday, May 04, 2017

ICICI Bank Q4 standalone net profit increases 189%; gross NPAs surge

In terms of profitability, ICICI Bank reported a 17.08 percent sequential drop in net profit to Rs 2,024.64 crore for the January to March 2017 quarter, compared to Rs 2,441.82 in the December 2016 ended quarte...More..

Dollar dips against euro after weak USA economic data
by | Thursday, May 04, 2017

Dollar dips against euro after weak USA economic data

Fed officials will hold their next policy meeting on June 13-14. Economists got something of a shock last Friday and this Monday morning when the government's report on gross domestic product and personal spe...More..

Hollande urges French voters to block Le Pen
by | Thursday, May 04, 2017

Hollande urges French voters to block Le Pen

The far-right candidate explained she was moving away from the Front National party to concentrate on her presidential bid, with her move further distancing herself from former FN leader, her maverick father Je...More..

by | Thursday, May 04, 2017

United Airlines reaches settlement with passenger dragged from plane

David Dao's legal team said in a brief statement that the agreement includes a provision that the amount will remain confidential. The 69-year-old doctor suffered a concussion, and a broken nose and teeth, acco...More..

Education Realty Trust, Inc. (EDR) Position Decreased by Macquarie Group Ltd.
by | Thursday, May 04, 2017

Education Realty Trust, Inc. (EDR) Position Decreased by Macquarie Group Ltd.

The price/earnings ratio (P/E) is 43.83 and the forward P/E ratio stands at 38.95. Investors sentiment decreased to 1.03 in 2016 Q4. Its up 0.15, from 1.15 in 2016Q3. Daiwa Securities Group Inc. now owns 2,94...More..

by | Thursday, May 04, 2017

United CEO Munoz on hot seat as Congress examines air travel

Transportation Committee Chairman Bill Shuster, R-Pa., said the hearing will give lawmakers "an opportunity to get much-needed answers about airline customer service policies and what is being done to improve...More..

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