Economy

Traffic jams, break-ins could cost Germany's SPD key state vote

However, polls ahead of the vote - the last test at the ballot box before Germany's national election on September 24 - now show the Social Democrats neck-and-neck with Merkel's Christian Democrats. A defeat for center-left governor Hannelore Kraft in Germany's North Rhine-Westphalia state would be a major blow for the Social Democrats after poor showings in two previous state elections. [Full Article...]

Russian Federation and Saudi Arabia to extend OPEC oil output deal

Traders were anxious the original deal, which is due to expire at the end of June, would not be enough to rebalance the market, especially as U.S. supply has surged in recent months. With the focus firmly on oil, investors shrugged off geopolitical tensions after North Korean tested another ballistic missile over the Sea of Japan at the weekend and weaker-than-expected retail sales, industrial pro... [Full Article...]

Tronc Makes Bid for Owner of Chicago Sun

Tronc Makes Bid for Owner of Chicago Sun The Tribune has handled all of the Sun-Times' printing and distribution for the past several years. The investors and board members of Wrapports have been committed to keeping a second media voice in Chicago alive and thriving. Chicago's media scene could get a lot smaller - so long as the Justice Department approves. The other-less dire only by comparison-is that the Reader would continu... [Full Article...]

Warren Buffett's Berkshire Hathaway drops 21st Century Fox from holdings

Warren Buffett's Berkshire Hathaway drops 21st Century Fox from holdings Buffett decimated his IBM holdings, trimming down his position for Berkshire Hathaway's class B stock from more than 178,000 shares to just 27,000 shares in January, February, and March of this year. At Berkshire's annual investor conference, Buffett said that Apple and IBM are two very different companies, since Apple maintains its focus on consumer products. [Full Article...]

Russian Federation relations at an "all time low point": Tillerson

Russian Federation relations at an He ruled out relaunching relations with a "clean slate", similar to the attempt at a "reset" by former president Barack Obama and his secretary of state, Hillary Clinton, in 2009. "And I think the real impact is it serves yet again to undermine the trust between the United States and Russia.And so what we're exploring is how do we begin the process of restoring that trust". [Full Article...]

Investors Buy Large Volume of Apple Call Options (AAPL)

Investors Buy Large Volume of Apple Call Options (AAPL) It looks like analysts are feeling bullish about the stock with overall sell-side analysts calling it a not a Buy. Apple Inc ( Apple ) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. [Full Article...]

Germans head to polls in crucial state vote

Sunday's vote was the last state election before the federal election set for September 24, and was widely seen as a vital pre-duel between Merkel's CDU and ex-President of the European Parliament Martin Schulz's SPD. The region of 17.9 million, almost a quarter of Germany's population, includes Cologne, Duesseldorf and the Ruhr industrial region. The populist Alternative for Germany (AfD) will ... [Full Article...]

SpaceX all set for Falcon 9/Inmarsat-5 F4 satellite launch today

SpaceX all set for Falcon 9/Inmarsat-5 F4 satellite launch today SpaceX has practically mastered the art of sending spacecraft to space and bringing them back to Earth, but in the case of Monday's launch, the private firm has opted to send its rocket on a one-way trip instead. In the future, such a heavy payload will likely be carried by the company's Falcon Heavy rocket, now in production. The goal is to make launches cheaper as CEO Elon Musk works toward a... [Full Article...]

Getting Tough on North Korea

Getting Tough on North Korea Trump will grow angry at public snickering at the emptiness of his threats. On April 17 North Korea's Vice-Foreign Minister Han Song-ryol told the BBC in Pyongyang, that despite global condemnation and growing military tensions with the U.S., North Korea will "be conducting more missile tests on a weekly, monthly and yearly basis". [Full Article...]

First lady: Barron to attend private Episcopal school in Maryland

First lady: Barron to attend private Episcopal school in Maryland According to the Washington Post back in March, reporters gave up waiting outside Barron's school for a chance to capture Melania Trump in a photo because she stopped accompanying her son. According to school officials the First Kid will have to join a sport for 2 out of the 3 trimesters each year. Andrews was founded in 1978, has 580 students in preschool through 12th grade, and a 100% colle... [Full Article...]

US spat erupts ahead of Trump visit to region

When President Trump visits Jerusalem's Western Wall, one of the holiest Jewish sites in the world, during his trip to Israel next week, he will be the first-ever sitting U.S. The trip will also be colored by questions over the status of the US Embassy in Israel, which Trump promised to move from Tel Aviv to Jerusalem during his campaign. [Full Article...]

Excessive caffeine led to heart problems that killed South Carolina teen

Watts made the announcement during a news conference on Monday with Davis' father, Sean. Furthermore, Watts says there was no indication that the teen suffered from an diagnosed heart condition, rather the death stemmed entirely from excessive caffeine intake. [Full Article...]

Congresswoman Lee Statement on Passage of the American Health Care Act

Congresswoman Lee Statement on Passage of the American Health Care Act However, the cost of high risk pools could easily exceed that amount. Early predictions (and the hope of some House moderates) had been that the Senate's health care bill would quickly move to the left when it moved to the upper chamber, but behind the scenes, conservatives are acting as a powerful force. [Full Article...]

Zacks Investment Research Upgrades Cheniere Energy Partners LP (CQP) to Hold

Cheniere rose 3.3 percent to $48.68 Friday in NY. About 809,771 shares traded. Cheniere Energy's revenue for the quarter was up 1655.1% on a year-over-year basis. (NYSEMKT:LNG) for 535,517 shares. Therefore 89% are positive. Finally, Guggenheim began coverage on Cheniere Energy Partners in a research note on Monday, April 17th. [Full Article...]

Korea to dispatch veteran politician to China forum for possible fence-mending

Rouhani wished success for the South Korean president-elect and prosperity for the country's people. China has engaged in economic retaliation against Korea over the deployment of the US -led Thaad antimissile system in Seongju County, North Gyeongsang, which it says goes against its security interests. [Full Article...]

China's Xi confident in the future of new "Silk Road" effort

At the forum, President Xi pledged US$124 billion for his new Silk Road plan. Xi said the world must create conditions that promote open development and encourage the building of systems of "fair, reasonable and transparent global trade and investment rules". [Full Article...]

Jeter's No. 2 retired; Monument Park plaque unveiled

Jeter's No. 2 retired; Monument Park plaque unveiled They have come out of the gate with authority and are second best in the American League and similar to Jeter there is Judge. "We didn't get the big hit when we needed it". You can look at him season to season numbers-wise and say that nothing really stands out that's great, but to me, he's the greatest clutch hitter I've ever seen". [Full Article...]

Gas Prices Will Remain Ultra-Low For Rest Of 2017

Gas Prices Will Remain Ultra-Low For Rest Of 2017 Last year, Pittsburgh-area prices increased 73 cents from late-February to mid-June. The national average price for regular unleaded gasoline is now $2.35 per gallon, according to the American Automobile Association ( AAA .) This is vastly lower than gas prices just a few years ago. [Full Article...]

EIA lowers forecasts for oil prices

In an overnight trade, crude futures also climbed sharply during the session on Wednesday as investors were enthusiast with the latest report from the Energy Information Administration (EIA), which revealed US crude inventories declined more than expected. [Full Article...]

North Korea says missile test aimed at testing carrying large nuclear warhead

China's foreign ministry has expressed opposition to North Korea's test-launch of a ballistic missile and called on all sides to exercise restraint. Yet another missile launch by North Korea also appeared to have little impact, while upbeat talk on trade and infrastructure investment at a top-level conference in China brightened sentiment. [Full Article...]


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