Money

Oil Rises Ahead of Expected US Inventory Draw

Oil Rises Ahead of Expected US Inventory Draw On Monday, oil prices dropped by 2.5 percent to their lowest close in three weeks, with WTI Crude settling at US$47.59, the lowest level since July 24. Chinese refineries processed 10.71 million barrels per day (bpd) in July, National Bureau of Statistics data showed, down around 500,000 bpd from June and the lowest rate since September 2016. [Full Article...]

How major U.S. stock market indexes fared Monday

How major U.S. stock market indexes fared Monday At the same time, foreign investors, in particular, tend to use the massive Japanese stock market to avert losses when risks emerge in Asia. Markets in South Korea and India are closed on Tuesday for holidays. Experian's share price is now 2.03 percent down at 1,486.00p. The greenback rose 0.5 percent to 109.70 yen JPY= after slipping to 108.720 on Friday, its weakest since April 20. [Full Article...]

Wall Street rebounds as N. Korea tensions wane

Wall Street rebounds as N. Korea tensions wane The S&P/TSX composite index advanced 86.53 points to 15,119.91. Major financial stocks were among the index's most influential gainers, although the group only notched a 0.1 percent overall. The December gold contract fell US$3.60 to US$1,290.40 an ounce. Investors, though, will be keeping an eye on developments in North Korea, which on Tuesday celebrates Liberation Day, when the country... [Full Article...]

Ryanair claims support for rival Air Berlin breaks competition rules

Ryanair claims support for rival Air Berlin breaks competition rules We remain open to helping find a commercially viable solution for all parties. According to sources in the German government cited by Deutsche Welle , the government will support airberlin with a 150 million Euro loan (approximately $176.2 million), which will also help ensure that the airline can continue operating scheduled flights. [Full Article...]

US Retail Sales Jumped 0.6 Percent In July

US Retail Sales Jumped 0.6 Percent In July Clothing and accessories stores decreased 0.2 percent seasonally adjusted from June but increased 0.1 percent unadjusted year-over-year. A mysterious decline in spending at the end of the second quarter, meanwhile, vanished after fresh government revisions based on newly incorporated sales data. [Full Article...]

Amazon Instant Pickup further blurs the line between online and physical retail

Amazon Instant Pickup further blurs the line between online and physical retail Items available for Instant Pickup will include snacks, drinks, and electronics, as well as some of Amazon's most popular devices. Additional pickup spots will be rolled out in future months, Amazon said, mentioning its 22 pickup locations already built on or near college campuses nationwide. [Full Article...]

Bill Gates makes $4.6 billion pledge - five% of his overall fortune

Bill Gates makes $4.6 billion pledge - five% of his overall fortune Bill Gates has given away $4.6bn (£3.6bn) to charity , and what is the Microsoft co-founder's largest donation since 2000. According to data on June 6, the 61-year-old billionaire has donated Dollars 4.6 billion of its shares. Gates and his wife Melinda Gates have given away about $ 35 billion (Rs 2.24 lakh crore) of stock since 1994. The powerhouse foundation is dedicated to improving the ... [Full Article...]

Bill Gates donates $4.6 billion worth of Microsoft stock to his foundation

Bill Gates donates $4.6 billion worth of Microsoft stock to his foundation The share divestment is equivalent to 5% of his total fortune, now estimated to be $90bn by Forbes magazine. The Microsoft co-founder's latest bit of philanthropy became public yesterday, when a Securities and Exchange Commission filing revealed that Gates donated 64 million Microsoft shares in June, worth a total of $4.6 billion. [Full Article...]

Home Depot Reports Highest Sales In Its History

Home Depot Reports Highest Sales In Its History Robert W. Baird set a $175.00 target price on Home Depot and gave the stock a buy rating in a research report on Wednesday, May 17th. Home Depot stock is rising in the premarket session Tuesday, up more than 1% after the largest retailer of home-improvement products extended its earnings beat streak to thirteen. [Full Article...]

Wall Street lower as investors weigh rising North Korea tensions

Wall Street lower as investors weigh rising North Korea tensions The three main indexes were all down Thursday with the Dow Jones industrial average off 0.93% at 21844.01 points, the Standard and Poor's 500 fell 1.45% to 2438.21 points and the Nasdaq composite lost 135 points, or 2.13%, to close at 6216.87 points. [Full Article...]

Why Target is acquiring Grand Junction

Why Target is acquiring Grand Junction Target , which has 1,800 physical stores, plans to expand same-day service to other New York City stores by October and to additional USA cities early next year. Upon the deal's completion, Grand Junction's employees will become Target team members. It became Target Corporation in 2000. The Target announcement comes one day after the German grocery chain Aldi Inc said is is partnering with Insta... [Full Article...]

EU Expands North Korea Sanctions List As Tensions Flare

EU Expands North Korea Sanctions List As Tensions Flare In the eurozone, the Paris CAC 40 lost 0.3 percent compared with the closing level on Wednesday. Kim, the North Korean leader, will "truly regret it and he will regret it fast" if he utters an overt threat at Guam or any territory belonging to the USA or its allies, he added. [Full Article...]

Gas Prices Up to Start the Week

Gas Prices Up to Start the Week Prices rose by two cents a gallon in five states: Arizona, Oregon, North Carolina, North Dakota and Iowa. Most Jacksonville stations were at $2.24 a gallon Monday. The highest was about $2.52 per gallon in the Ann Arbor area. According to GasBuddy .com. Prices around the state averaged $2.36 a gallon to start the week. [Full Article...]

'Avoid travelling to or from Waterloo' - advice as train derails

'Avoid travelling to or from Waterloo' - advice as train derails London Waterloo, one of the busiest train stations in Europe, has already seen disruption to services as result of refurbishment requiring the closure of several platforms, which is expected to continue until the end of August. In addition, we are investigating an operational incident near Waterloo station, which will cause further disruption. Commanding Inspector Sean McGachie said: " There ... [Full Article...]

Poe slams LTFRB's suspension order vs. Uber

Poe slams LTFRB's suspension order vs. Uber Saying she was not pleased with the order, Poe on Tuesday said "the committee did not mean for them to suspend the operations of any TNC". Poe said the issue is not about roadworthiness but one that involves a mere administrative violation, which should have merited a corresponding administrative penalty. [Full Article...]

China bans coal, iron, lead, seafood imports from North Korea

China bans coal, iron, lead, seafood imports from North Korea Saturday that Trump spoke with Chinese President Xi Jinping about the upcoming memo during a phone call Friday. The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump has asked China to do more to crack down on North Korea's nuclear missile program as he threatens possible military action against Pyongyang . [Full Article...]

North American stock markets start week on a positive note, loonie down

North American stock markets start week on a positive note, loonie down Japan's Nikkei 225 benchmark fell, though, as the yen stayed firm against the dollar. Germany's DAX gained 1.0 per cent to 12,135.92 and Britain's FTSE 100 climbed 0.5 per cent to 7,349.32. The economy expanded at a revised 1.5 per cent annual pace in January-March. Exporters were broadly lower after the dollar dropped to 108.72 yen on Friday, its lowest level since April 19, before crawling b... [Full Article...]

Tillerson, Mattis present united front on North Korea

Tillerson, Mattis present united front on North Korea Washington believes that China's unfair trade practices and industrial policies, including forced technology transfer and intellectual property theft, harm America's economy and workers. Throughout his campaign, Trump talked critically about the USA trading partnership with China . China has repeatedly called for negotiations and scorned military action. [Full Article...]

Taiwan concerned by United States plan for unfair trade probe against China

Taiwan concerned by United States plan for unfair trade probe against China The US officials said "Chinese commercial policy has a major goal, the acquisition and the absorption of the intellectual property of the United States and other countries around the world". Since the WTO was established in 1995, the U.S. has not imposed any trade investigations or sanctions based on Section 301, because that kind of unilateral action would violate WTO rules requiring trade di... [Full Article...]

Fleas carrying plague found in Arizona

Fleas carrying plague found in Arizona A couple of months ago, health-department officials in New Mexico confirmed that two residents of Santa Fe County had been hospitalized after being infected by the plague. The infectious bacteria that causes plague is rare in the US today. The Centers for Disease Control and Prevention ( CDC ) notes that it's not completely unexpected for something like this to happen. [Full Article...]


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