• Oil Prices Fall to 11-day Low on US Shale Output Surge
Oil Prices Fall to 11-day Low on US Shale Output Surge

USA crude oil production rose to 9.25 million barrels per day, official data showed, up nearly 10 percent since mid-2016. Oil prices fell on Tuesday, then slid more in post-settlement trade after an industry group reported that USA crude stockpiles fell less than expected in the latest week while gasoline stockpiles grew unseasonably.

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  • Mnuchin: 'Effective Tax Rate Will Not Be a Reduction for the Rich'
Mnuchin: 'Effective Tax Rate Will Not Be a Reduction for the Rich'

So how ambitious is it? But you could forgive Spicer's confusion; this is confusing stuff, which is a big part of the reason everyone talks about wanting to simplify the tax code. The president's advisers say reducing the tax rate for these business will help spur economic growth. Wednesday's tax-cut proposal from the White House may have been ...

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  • BOJ keeps policy steady, revises up view on economy
BOJ keeps policy steady, revises up view on economy

Japanese consumer prices rose in March for a third consecutive month, giving the Bank of Japan (BOJ) the green light to maintain its highly accommodative approach to monetary policy. "We believe that the bank remains too optimistic about inflation". In Canada, retail sales unexpectedly dropped 0.60% MoM in February, compared to a revised advance ...

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  • European shares rally as French vote sparks rush into banks, industrials
European shares rally as French vote sparks rush into banks, industrials

The Dow Jones Industrial Average rose 1.1 per cent to end the session at 20,763.89, and the broad-based S&P 500 also advanced 1.1 per cent to close at 2,374.15. "With the market pricing in an amiable scenario for risk assets in the second round (of the French election), investors should continue to feed off this", said Stephen Innes, senior trader ...

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  • No Bueno: Chipotle Says It Was Hacked
No Bueno: Chipotle Says It Was Hacked

The chain isn't providing many details, but they say they've implemented additional security enhancements and will notify affected customers. The company recommends that consumers who have noticed unauthorized payments contact their bank.

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  • Uber will soon show users' rating
Uber will soon show users' rating

On Thursday, Uber announced that will change for drivers in the UK. Maria Ludkin, the GMB union's legal director, said: "It is gratifying to see that Uber has finally acknowledged they have the responsibility of an employer in relation to their drivers, who the courts have already ruled have worker status".

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  • Donald Trump signs series of executive orders to restore economy
Donald Trump signs series of executive orders to restore economy

The government originally set August as the deadline for getting congressional approval for tax reform, but Mnuchin warned Thursday that it will "take till the end of the year". One memo will order Mnuchin to review a component of the law that allows federal regulators to liquidate failing financial firms during an economic crisis if those companie...

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  • United Pledges To Review Policies On Removal Of Passengers
United Pledges To Review Policies On Removal Of Passengers

Munoz said in a letter to employees that the airline offered $1,000. He can't be. He was a paying passenger sitting on our seat in our aircraft and no one should be treated that way. "They take the bait. and you dig yourself in a deeper hole", Bueermann said, comparing the United situation to that of a SC police officer seen on cellphone video in...

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  • Sri Lankan PM Wickremesinghe meets Indian counterpart
Sri Lankan PM Wickremesinghe meets Indian counterpart

The MoU for cooperation in economic projects signed today outlines the agenda for bilateral economic cooperation in the foreseeable future. The ETCA agreement will provide for cooperation in technical areas; pooling in scientific and research resources; giving impetus to the standard of goods and services and help in capacity building.

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  • Uber takes to the skies with next ride-hailing project
Uber takes to the skies with next ride-hailing project

They are expected to have zero emission and will be quiet enough to operate in cities. Uber is finally able to release some good news, announcing plans to test its flying taxis with passengers by 2020. That's comparable to the costs of the company's existing UberX vehicle service for short distances. "By drawing on our almost 30 years of successf...

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  • 1MDB-IPIC deal does little to alleviate uncertainties in Malaysia, Moody's say
1MDB-IPIC deal does little to alleviate uncertainties in Malaysia, Moody's say

Ipic will get their US$1.2bn in two tranches of US$603m each in July 2017 and December 2017. 1MDB and IPIC were locked in a tussle that spilled over to repayments on two sets of bonds issued by the Malaysian state fund that led to a default in April 2016.

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  • Qatar Airways sees 'manageable' decline in flights to US
Qatar Airways sees 'manageable' decline in flights to US

The state-owned company, which has expressed interest in Royal Air Maroc in the past, expects to finalize the purchase of a 49 percent stake in Italy's Meridiana SpA in the coming days. The blunt and plain-spoken CEO described the US competition as "wicked" for the way their passengers are treated and said they operate in cities where they "can swi...

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  • Credit Suisse plans to raise more than £3bn in rights offering
Credit Suisse plans to raise more than £3bn in rights offering

One analyst said of the move: "The capital raise is company-specific", adding that it implied "absolutely nothing negative" for United Kingdom banks. Credit Suisse says it plans to raise 4bn Swiss francs (£3.14bn) from shareholders in an effort to strengthen its capital base.

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  • This American Flying Car Will Soon Be A Reality!
This American Flying Car Will Soon Be A Reality!

The electric-powered machine has eight propellers and the space to house one person. Kitty Hawk, a Silicon Valley company backed by Google founder Larry Page, recently tested its Kitty Hawk flyer . "We've designed our first version specifically to fly over water". The Flyer is powered by electricity and is created to operate over water. Sebast...

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  • Amazon Price Target Raised To 1250; Disney Downgraded; Sonic Upgraded
Amazon Price Target Raised To 1250; Disney Downgraded; Sonic Upgraded

Amazon.com's revenue for the quarter was up 22.4% compared to the same quarter a year ago. Baillie Gifford & Co. lowered its stake in shares of Amazon .com, Inc. They expect $1.05 earnings per share, down 1.87% or $0.02 from last year's $1.07 per share. Suffice it to say, caution among Wall Street analysts on Amazon this year has been few an...

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  • Pagegroup PLC (MPI) Upgraded to Buy at Kepler Capital Markets
Pagegroup PLC (MPI) Upgraded to Buy at Kepler Capital Markets

A number of other equities research analysts also recently weighed in on RCN. Ratings analysis reveals 13% of Allied World Assurance Co Holdings AG.'s analysts are positive. The Firm operates through five divisions: Zambia, which includes emerald and beryl mining activities; Mozambique, which includes ruby and corundum mining activities; United K...

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  • Outburst by angry Wells Fargo shareholder halts annual meeting
Outburst by angry Wells Fargo shareholder halts annual meeting

But in practice, directors who win with less than 80 percent support should consider exiting the board, said Charles Elson, a University of DE expert on corporate governance ."If they're below 80 (percent) I'd say they have a lot of soul-searching to do", he said.Sanger noted that six of Wells Fargo's directors are expected to leave over the...

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  • FCC Boss to Unveil His Attack on Net Neutrality On Wednesday
FCC Boss to Unveil His Attack on Net Neutrality On Wednesday

In recent weeks, Pai has considered immediately invalidating that aspect of the net neutrality rules, some people familiar with the matter said, by issuing a so-called declaratory ruling that would undo the work of his Democratic predecessor, former FCC chairman Tom Wheeler.

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  • Nasdaq ends above 6000 for first time as United States stocks rally again
Nasdaq ends above 6000 for first time as United States stocks rally again

Of course the stock market in general has also been on a tear recently - the S&P 500 is up 20% over the last year, and the Russell 200 is up 30% over the past year. Health insurance company Anthem Inc. will likely not renew its contract with Express Scripts, sending the pharmacy benefit management organization's stock to tumble 11 percent.

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  • Speeding drivers: higher fines for the worst offenders come into force
Speeding drivers: higher fines for the worst offenders come into force

Under new guidelines for magistrates, fines for motorists caught doing 51mph (82kmh) in a 30mph (48kmh) zone or 101mph (163kmh) on a motorway will start from 150 per cent of their weekly income, rather than the previous level of 100 per cent.

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