• Goldman says oil prices on the brink of 'capitulation'
Goldman says oil prices on the brink of 'capitulation'

The concern over rising global supply and stubbornly high inventories effectively wiped out most of the gains made since OPEC announced its first supply cut in eight years. and China demand may not be strong enough to mop up the excess production. Both benchmarks broke below closely watched technical levels, with US crude smashing below $47.23.

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  • Trump's Tax Plan Would Spur Growth
Trump's Tax Plan Would Spur Growth

Side note, only 30 percent of corporations pay taxes at all, for a whole variety of reasons. That's because Trump would apply the corporate rate to "pass through" businesses. Incomes between $83,000 and $143,000 will get 11.3 percent. Benjamin Franklin once said "nothing can be said to be certain, except death and taxes".

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  • GOP-led panel OKs bill to overhaul Dodd-Frank
GOP-led panel OKs bill to overhaul Dodd-Frank

That means the GOP will need several Democrats to join their effort. It's an invitation for another Great Recession, or worse. Instead, it applies to "financial institutions", a term so broadly defined to include any business that engages in financial activities, including insurance, and which is why more than 30 wide-ranging business trade ass...

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  • Senate sends $1.1 trillion spending bill to Trump
Senate sends $1.1 trillion spending bill to Trump

And when it takes up a tax overhaul, the White House is trying to avoid another black eye of the sort it suffered when the health bill initially failed. Republican leaders insist they have enough votes to pass it. He said: "I shouldn't say this to a great gentleman and my friend from Australia because you have better health care than we do".

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  • Looking for a job? These 5 areas are doing the most hiring
Looking for a job? These 5 areas are doing the most hiring

A low unemployment rate could give the central bank leeway to tighten monetary policy further. Provincially, Alberta registered an unemployment rate of 7.9 per cent in April, that's down 0.5 per cent from 8.4 per cent the previous month.

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  • Delhi Daredevils (DD) vs (MI) Mumbai Indians
Delhi Daredevils (DD) vs (MI) Mumbai Indians

Legspinner Karn Sharma, 3-11, and offspinner Harbhajan Singh, 3-22, shared six wickets as the Daredevils couldn't recover after losing Sanju Samson to Mitchell McClenaghan's first ball in their run chase. West Indies' Lendl Simmons, playing his first match of the season, hammered the bowlers all around the park during his 66-run knock while his com...

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  • South Asian Satellite launched
South Asian Satellite launched

In a tweet, Mr Modi congratulated the scientists on the launch, saying he was "very proud of them". Both nations are jockeying for a position as a space power, and China already launched satellites for Sri Lanka, and of course its all-weather ally, Pakistan, which stayed out of the Indian project, ostensibly for security reasons.

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  • Earnings on the Doorstep For NRG Energy, Inc
Earnings on the Doorstep For NRG Energy, Inc

Bank of Montreal Can now owns 103,654 shares of the utilities provider's stock worth $1,163,000 after buying an additional 12,544 shares during the last quarter. The company has price to cash ratio of 2.52. The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will...

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  • Atlanta home values slowly return to pre-recession levels
Atlanta home values slowly return to pre-recession levels

Popular measures of the landscape, like S&P CoreLogic Case-Shiller Index and the FHFA House Price Index, show the market has recovered to levels last seen before the housing market went bust. "These aggregate measures use the average changes in sales prices of homes that sell, and thus don't necessarily capture how the current value of individual h...

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  • Great Britain stun defending champion Australia to lift Sultan Azlan Shah Cup
Great Britain stun defending champion Australia to lift Sultan Azlan Shah Cup

In the day of the underdogs, World No. 16 Japan pulled off a most stunning upset with a 3-2 victory over reigning world champions Australia, who still remained on course to defend their title by topping the standings roster due to their superior goal difference.

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  • Chicago aviation chief apologies for United passenger removal
Chicago aviation chief apologies for United passenger removal

A while ago, I bought a US$1,500 return from Japan to Seattle, upgraded with miles to business class. But something sensible must be done because it's pretty clear the current state of airline affairs is untenable for consumers. A skeptical Markey disagrees and is introducing legislation to "rein in these outrageous fees". Some carriers even charge...

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  • Trump says he's willing to consider raising gas tax
Trump says he's willing to consider raising gas tax

Mnuchin told CNBC Monday he stands by those comments, which he lightheartedly said were brought up during his confirmation hearings. Regarding gas taxes, the president indicated that the additional money would be directed toward highway construction and fix.

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  • American Health Care Act Passes House
American Health Care Act Passes House

In extraordinary scenes in the House chamber, Republicans clapped and cheered while Democrats shouted their disapproval. Do you support or oppose them? "Pathetic", Representative Jim McGovern, a Massachusetts Democrat, said according to the Times , "That is the word to describe this process and this bill ".

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  • Active Mover: Magellan Midstream Partners LP (MMP)
Active Mover: Magellan Midstream Partners LP (MMP)

Allianz Asset Management AG acquired a new stake in shares of Enable Midstream Partners during the fourth quarter valued at approximately $5,053,000. The correct version of this story can be read at https://www.themarketsdaily.com/2017/05/05/arcadia-investment-management-corp-mi-reduces-stake-in-magellan-midstream-partners-l-p-mmp.html.

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  • Sensex falls below 30000; Nifty trades 0.40% lower
Sensex falls below 30000; Nifty trades 0.40% lower

Banking stocks surged on both Nifty, Sensex after when Cabinet on Wednesday approved the amendments to the Banking Regulation Act to resolve the bad loans crisis. In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold stocks worth Rs 363.98 crore while domestic institutional investors (DIIs) purc...

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  • Trading Sheet: Watching the Levels for American Midstream Partners, LP (NYSE:AMID)
Trading Sheet: Watching the Levels for American Midstream Partners, LP (NYSE:AMID)

Commonwealth Of Pennsylvania School Empls Retrmt accumulated 533,953 shares. It is down 3.26% since June 1, 2016 and is uptrending. It has underperformed by 9.02% the S&P500. The Security Capital Research & Management Inc holds 1.52M shares with $37.95M value, down from 2.12M last quarter. Dominion Midstream Partners LP (NYSE:DM) has risen 27.13% s...

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  • United Airlines faces Congress
United Airlines faces Congress

The airline industry is one of the most powerful interests that lobbies lawmakers and contributes millions to their re-election campaigns, especially those that serve on the committee that oversees them. The incident occurred April 21 on a flight from San Francisco to Dallas-Fort Worth, two weeks after the United dragging incident. The incident ign...

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  • 5 reasons to (still) be skeptical about Trumpcare passing the House
5 reasons to (still) be skeptical about Trumpcare passing the House

The conservative House Freedom Caucus came out in support of a reworked USA healthcare overhaul bill even though it would not fully repeal Democratic former President Barack Obama's signature healthcare law, the group said in a statement on Wednesday.

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  • Fed Holds Rates Steady, Expects Pick Up in 2017 Growth
Fed Holds Rates Steady, Expects Pick Up in 2017 Growth

This month will probably mark a temporary pause in a gradual hiking path, but the Fed operates in a world of uncertainties and there's plenty that could slow the central bank - or speed it up - as the year progresses. "If we had a number this Friday like we had a month ago, I think people would start to seriously reevaluate the Fed outlook on polic...

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  • Peugeot and NuTonomy to deploy driverless cars in Singapore
Peugeot and NuTonomy to deploy driverless cars in Singapore

By September, two Peugeot 3008 autonomous cars will be on the streets in one-north, nuTonomy told The Business Times, with about a dozen planned to be in operation by the beginning of 2018. Autonomous driving in urban areas requires a bespoke approach to vehicle design to help a auto navigate inner-city obstacles, said Anne Laliron, Head of the B...

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