Economy

Oil trades near five-month lows despite Saudi assurances on cuts

Crude rose 53 cents to $45.76 a barrel after falling as low as $43.76 in early Asian trading, a level that wiped out all gains since the production cut agreement in November. Brent crude futures, the global benchmark for oil prices , were at $47.88 per barrel, down 50 cents or 1% from their last close. "They need to sell futures and that can drive some very significant and volatile moves through... [Full Article...]

Kushner family apologises for mentioning Jared at China pitch

Meyer's intention". Kushner's sister, Nicole Kushner Meyer, referred to her brother's role in the Trump administration during a pitch for one of the company's projects in New Jersey. While White House officials said it was renewed as part of a larger spending bill, the choice raises questions about how Trump's businesses may benefit from such programs, and whether any decisions can be seen in a ... [Full Article...]

Snap reports $2.2bn loss in Q1, slams Facebook

However, analysts had expected faster growth both in user numbers and in revenue per user. Many of today's social giants had poor stock performance after disclosing their first quarterly earnings reports , including Twitter , Facebook, and LinkedIn. [Full Article...]

White House says no emergency at nuclear site

White House says no emergency at nuclear site Hanford officials said they were studying the area of the collapse to determine how to create a barrier between the contaminated equipment in the tunnel and the outside air. It was 360 feet long (110 meters). He said the radioactivity stored in the tunnels comes from the early days of the Cold War. The tunnel was sealed in 1965, with eight rail cars loaded with nuclear waste stored inside. [Full Article...]

Just Eat PLC (JE) Receives "Buy" Rating from Deutsche Bank AG

With the last close up 4.45% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. Lloyds Banking Group PLC now has a consensus rating of "Hold" and an average price target of GBX 70.75 ($0.92). The rating was maintained by BNP Paribas with "Neutral" on Monday, October 12. [Full Article...]

Social Sector Slams Mandatory Drug Trial for Welfare Recipients

Social Sector Slams Mandatory Drug Trial for Welfare Recipients Anyone who tests positive to a test will be placed on welfare quarantining, while those who fail a few times will be referred to medical professions for assessment and treatment. "We believe that income management and the use of the cashless welfare card, should not apply to anyone, but particularly people with disability". You have left for this month. [Full Article...]

Iraq, Algeria support extension of oil production cuts

Gasoline and distillate stocks also fell , supporting a market that has sold off sharply in recent weeks due to persistently high USA inventories. Global benchmark Brent crude was up $1.81 at $50.54 a barrel by 1:51 p.m. United States oil production has gained more than 10 percent since mid-2016 to 9.3 million bpd, close to levels of top producers Russian Federation and Saudi Arabia . [Full Article...]

Sinclair Broadcast Group Acquires Tribune Media for $3.9 Billion

Sinclair Broadcast Group Acquires Tribune Media for $3.9 Billion With the deal Sinclair, also, gets Tribune's minority stakes in the Food Network and its flagship cable network WGN America. Sinclair already has 173 stations in midsize and small markets. Sinclair, Fox and Tribune all declined comment Sunday. It owns WBFF Fox 45, a local CW affiliate and My TV Baltimore. Sinclair is one of the largest operators of local TV news stations. [Full Article...]

North Korea has a long history of odd accusations

There is at least one retaliatory plan that includes targeting North Korea's leadership if South Korea feels threatened by nuclear attack. The report claimed that US officials bribed the North Korean citizen, who it called "human scum", with $750,000 in payments to assassinate Kim using biochemical substances. [Full Article...]

Snapchat parent company's value plummets after earnings report

Its user numbers also came in light. Snap's daily active users (DAUs), on the other hand, rose 36.1 percent to 166 million in the first quarter from a year earlier, marking a slowdown from the 47.7 percent rise for the fourth quarter and 62.8 percent jump for the third quarter. [Full Article...]

Snapdeal sale: SoftBank a step closer to bring Nexus on board

Snapdeal sale: SoftBank a step closer to bring Nexus on board Explaining the loss, the company said, "Loss on financial instruments at FVTPL (fair value through profit or loss) was 160,419 million yen compared with a gain of 114,377 million yen in the previous fiscal". "Highly competitive e-commerce market in India has made a trend of the company's business performance lower than initially anticipated", SoftBank said. [Full Article...]

North Korea accuses Central Intelligence Agency of 'bio-chemical' plot against Kim Jong Un

It said South Korean agents gave 20,000 dollars (£15,000) and satellite communication equipment to the North Korean to attack Kim during a public event with a bio-chemical weapon. Bruce Klingner, a former Central Intelligence Agency analyst now at the Heritage Foundation think tank, said it could be the first time North Korea had accused the allies of an attempted assassination. [Full Article...]

Trump to Renegotiate NAFTA

Trump to Renegotiate NAFTA He reiterated his long-standing assertion that the 1994 trade agreement has been "very good for Canada". Details about the draft order on NAFTA were not immediately available. Even the alt-right news site, Breitbart News, tweeted "one of these things is not like the other" referring to his remarks about being both a nationalist and a globalist. [Full Article...]

Three arrested in airport brawl over Spirit Airlines cancellation

Three arrested in airport brawl over Spirit Airlines cancellation Spirit, grappling with roughly 300 cancellations since the beginning of May and increasing customer dissatisfaction, filed a federal lawsuit against the ALPA. Chaos breaks out at an airport amid an airline's labor woes. Spirit spokesman Paul Berry issued a statement apologizing to customers and saying the company is "shocked and saddened" by the Fort Lauderdale melee. [Full Article...]

1st large Chinese-made passenger jet takes its maiden flight

1st large Chinese-made passenger jet takes its maiden flight The aircraft departed from Shanghai Pudong International Airport and flew over Shanghai's neighboring county of Qidong, in the Jiangsu Province, for 1 hour and 20 min. The jet was designed and produced in China and made with resources from around the world. Comac said more than 200 Chinese companies and 36 universities have worked together to develop the C919 aircraft. [Full Article...]

Serial killer suspect went undiscovered for more than a year

During the Q&A session, Montgomery was asked about the recent arrest of Aaron Juan Saucedo in connection with a seri. But police say that Saucedo had no personal connection to the people he killed following this incident, and that they appeared to be picked at random, killed while entering their homes or lounging in their yards. [Full Article...]

$3.9 Billion in Sales Expected for Kohl's Co. (KSS) This Quarter

$3.9 Billion in Sales Expected for Kohl's Co. (KSS) This Quarter The stock diminished about -3.02% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well. has a one year low of $33.87 and a one year high of $59.67. The stock of Kohl's Corporation (NYSE:KSS) has "Buy" rating given on Friday, May 13 by Stifel Nicolaus. [Full Article...]

Kiwi jumps on jobs data; Dollar subdued ahead of FOMC

They are looking past the weak first quarter GDP but the job market hanged in there. It continues to expect that, with gradual adjustments in the stance of monetary policy, "economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will stabilise around 2% over the medium term". [Full Article...]

After calls, Trump not to ditch NAFTA, yet

After calls, Trump not to ditch NAFTA, yet During the U.S. presidential campaign, Trump had called NAFTA "the worst trade deal maybe ever signed" and a "disaster" that had cost the United States millions of jobs as companies moved plants to Mexico. Howe Institute analyst. In essence, by signing NAFTA and agreeing to eliminate tariffs, Canada and Mexico did more to open their doors to trade than the US did. [Full Article...]

US Congress tells airlines to do better or face consequences

If changes are not made, he said, Congress was likely to step in. Several of them were called before Congress in the wake of the recent United Airlines fiasco involving a bumped passenger. Munoz told Larsen he "couldn't agree more" and said United has changed its policies so passengers will never be removed from a flight once they are seated unless there is a security or safety issue. [Full Article...]


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