• Crude Oil Tumbles To Lowest Since November
Crude Oil Tumbles To Lowest Since November

USA light crude was down 25 cents at $44.48, also not far off six-month lows. Late last month , OPEC said that it would extend an 1.8 million-barrel-a-day (B/D) cut to oil output by nine months through March 2018, but Fesharaki believes that this is not enough to stabilize prices.

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  • Finally, Britain Kicks Off Brexit Negotiations With EU
Finally, Britain Kicks Off Brexit Negotiations With EU

Anxious by mass immigration and loss of sovereignty, Britain past year voted to end its decades-old membership of the 28-nation bloc in a shock referendum result. With Scotland poised to trigger a second referendum, and the threat of renewed hostilities in Ireland at the prospect of a hard border between Northern and southern Ireland - could ...

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  • Oil Slightly Higher But Continued Oversupply Keeps Pressure on Prices
Oil Slightly Higher But Continued Oversupply Keeps Pressure on Prices

Prices will be going down as long as the oil surplus prevails and the USA shale oil production is on the rise. Venezuela's average oil price for 2016 was $35.15, down from 2015's $44.65 and 2014's $88.42, below 2013's $98.08, 2012's $103.42 and 2011's $101.06, 2010's $72.43, and even 2009s average price of $57.01.

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  • The most chilling line of Comey's testimony
The most chilling line of Comey's testimony

In an interview on Fox News , Trump Jr. said President Donald Trump was "vindicated" by Comey's admission that when he left the FBI, the bureau wasn't specifically investigating the president in the probe into potential collusion between the Trump campaign and Russian Federation during the 2016 election.

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  • Is there Inherent Value in Plantronics, Inc. (NYSE:PLT)
Is there Inherent Value in Plantronics, Inc. (NYSE:PLT)

There is a range of valuation multiples to assess how a company fares against its peers and also the broader industry, indicating where it lies with respect to the average of all constituents of the industry. 19 funds opened positions while 56 raised stakes. 10/05/2016 - Antero Midstream Partners LP was upgraded to " by analysts at Wells Fargo. T...

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  • Germany: No Punishment for UK, but EU Exit Good for No One
Germany: No Punishment for UK, but EU Exit Good for No One

A year after Britain's seismic referendum, Brexit minister David Davis and the European Union's French chief negotiator Michel Barnier will meet at the European Commission in Brussels. "But what we are trying to get is tariff free access to the single market". May has clung on to power but has so far failed to conclude an agreement with N...

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  • Trade commission seeks to block daily fantasy sports merger
Trade commission seeks to block daily fantasy sports merger

The FTC and the attorneys general of California and the District of Columbia say they plan to file together in federal court to block the merger. The proposed merger would create a single provider with by far the largest share of the market for paid daily fantasy sports contests in the United States.

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  • Stocks at Session Highs as Apple Drives Tech Recovery
Stocks at Session Highs as Apple Drives Tech Recovery

Data out Friday afternoon in the US showed another week of rising active USA oil-drilling rigs, but some traders say at this level, prices may be close to a floor. Micron (MU) and Integrated Device Technology ( IDTI ) posted standout gains. Advancing issues outnumbered decliners on the NYSE by 1,803 to 964. Meanwhile, an ounce of gold is trad...

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  • Auto rams police vehicle on Paris' Champs Elysees, driver likely dead
Auto rams police vehicle on Paris' Champs Elysees, driver likely dead

Officials in Paris have confirmed firstly the man was on a low-profile watch-list and has died in the collision. In April, another attacker shot and killed a police officer on the Champs-Elysees, days before a presidential election. France's interior minister says that a driver who rammed a vehicle carrying explosives into a police convoy on th...

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  • Carnage at US Open as world's top three sent packing
Carnage at US Open as world's top three sent packing

Casey did his part to set the pace, even after his triple bogey. Casey swung and missed from the tall fescue on No. 3, and then chipped out and it rolled all the way off the green on the other side. Open golf tournament Friday, June 16, 2017, at Erin Hills in Erin, Wis . McIlroy will not be involved over the weekend at Erin Hills after adding ...

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  • Senate GOP aiming for vote this month on health legislation
Senate GOP aiming for vote this month on health legislation

Majority Leader Mitch McConnell said his negotiators are putting pen to paper to see where his troops stand as the effort moves into a do-or-die phase. Over the Memorial Day recess, Sen. Ted Cruz , R-Texas, and Sen. Orrin Hatch (R-Utah), whether the panel would hold any hearings on the GOP's proposal.

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"No doubt" over Britain leaving EU: UK minister

A year after Britain's seismic referendum, Brexit minister David Davis and the European Union's French chief negotiator Michel Barnier will meet at the European Commission in Brussels . While Britain's economy has shown unexpected resilience since the Brexit vote, there are signs of weakness. "So I'm afraid to say there is no goodwill towa...

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  • EU, Britain to kick off Brexit talks on June 19
EU, Britain to kick off Brexit talks on June 19

Former first minister Arlene Foster has said the discussions are "going well" and that she hopes for a "successful conclusion" soon. "Combined with the fact Article 50 was triggered on an arbitrary date, starting the clock on Brexit without a proper plan, it is clear that bold measures are needed to ensure we negotiate the best possible Brexit de...

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  • Germany team to wear black armbands in Helmut Kohl tribute
Germany team to wear black armbands in Helmut Kohl tribute

On Saturday, the daily Tageszeitung's headline was "Blooming Landscapes", an allusion to Kohl's promise of an economically flourishing eastern Germany , over a picture of wreaths. In Brussels, European flags were lowered to half-staff in tribute. European Council president Jean-Claude Juncker tweeted: "Helmut's death hurts me deeply.

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  • EU, UK fix date to begin Brexit negotiations
EU, UK fix date to begin Brexit negotiations

Following more than an hour of talks between May and DUP leader Arlene Foster on Tuesday, May said the discussion had been productive and Foster said she hoped a deal could be done "sooner rather than later". The chancellor, Philip Hammond, is preparing to fight for the United Kingdom to remain within the EU's customs union which could safeguard jo...

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  • BJP creates history by winning maximum seats in Shimla civic body
BJP creates history by winning maximum seats in Shimla civic body

Three of the independent candidates have extended their support to the Congress , but the tally would still only go up to 15, three short of the magic figure of 18. Congratulating his party, PM Modi tweeted to say, "BJP's victory in the Shimla Municipal Corporation is historic & yet again reflects people's faith in development politics".

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  • 'Cars 3' speeds to No. 1, Tupac biopic nets strong debut
'Cars 3' speeds to No. 1, Tupac biopic nets strong debut

Patty Jenkins' Wonder Woman dropped to second place in its third weekend at the box office, raking in another $ 40 million , and bringing its domestic total to $40.77 million. The film - which was criticized on Twitter by Jada Pinkett Smith for its inaccuracies - did not receive many positive reviews (EW's Leah Greenblatt gave it a B-), but a...

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  • Verizon Closes Yahoo Acquisition, No Updates on US Hispanic/Latam Strategy Yet
Verizon Closes Yahoo Acquisition, No Updates on US Hispanic/Latam Strategy Yet

Mayer, who was unable to stem the decline of the iconic Silicon Valley company, is getting a departure package worth an estimated $186 million, according to regulatory filings. AOL CEO Tim Armstrong is set to lead the new company, with the new Oath boss boldy stating that the new company would "reach over a billion people each month".

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  • ISRO's GSAT-19/ GSLV MK III: Countdown Begins For Heaviest Rocket Launch
ISRO's GSAT-19/ GSLV MK III: Countdown Begins For Heaviest Rocket Launch

GSLV MK III is the first ever heaviest rocket and satellite to be launched from the country. The rocket is a three-stage launch vehicle which has two solid motor strap-ons, a liquid propellant core stage and a cryogenic stage. Currently, India has to take the help of foreign countries if it wants to launch communication satellites beyond 2.3 t...

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  • Trump Seeks To Privatize The Nation's Air Traffic Control System
Trump Seeks To Privatize The Nation's Air Traffic Control System

The proposal, created to lower costs and improve efficiency of the system that oversees flights, would transfer about 15,000 controllers and thousands of other managers and technical workers to a new government-sanctioned corporation. Funding for the new organization will come exclusively from user fees, and the use of those funds will be managed...

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  • ECB president sees inflation still subdued
ECB president sees inflation still subdued

The European Central Bank closed the door on more interest rate cuts on Thursday, judging the euro zone economy to be rebounding, but said inflation looks to remain weak for years so it still needs to pump out the cash. He said that the European Central Bank removed its easing bias to reflect the fact that the risk of deflation has disappeared ...

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  • Grief turns to anger in neighborhood near tower fire
Grief turns to anger in neighborhood near tower fire

The death toll from the London fire stands at 30, and is still climbing. There are 16 bodies now in a London morgue, Cundy said, and the remaining victims are missing and presumed dead. Mohammad Alhajali, 23, on Saturday became the first victim officially identified by police. "If more funding is required, it will be provided", May said, whil...

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  • Amazon's deal to buy Whole Foods crushes stocks of supermarkets
Amazon's deal to buy Whole Foods crushes stocks of supermarkets

RBC analyst Bill Kirk said Whole Foods' valuation in the deal validates the trading level of Sprouts, Whole Foods' price-focused, small-store competitor, which for the past few years has outperformed its larger rival in terms of comps, traffic, customer perception and unit expansion opportunities.

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  • Trump says Scalise
Trump says Scalise "in some trouble" as House gavels back in

Rep. MedStar Washington Hospital, which is treating the congressman and Griner, said Scalise is suffering from fractured bones and injured internal organs. Witnesses said the shooting would have been a "massacre" if not for the Capitol Police officers on duty as part of Scalise's security detail and the gunfight that ensued as local law enf...

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  • Former German Chancellor Helmut Kohl dies aged 87
Former German Chancellor Helmut Kohl dies aged 87

With his second marriage, critics including Schwan said Mr. Kohl, who found speech hard after his fall, appeared to be in thrall to his second wife, Maike. "I cited a 1970s-era North Atlantic Treaty Organisation statement and said that North Atlantic Treaty Organisation supported reunification. In Russia, he will be remembered as a principled advoc...

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  • Hammond: Pragmatic approach needed for Brexit talks
Hammond: Pragmatic approach needed for Brexit talks

Having lost a majority in parliament , May needs the DUP's 10 lawmakers to win any kind of vote, including on the pieces of legislation needed to enact Britain's divorce from the EU. May's finance minister, Philip Hammond, said on Friday that Britain should prioritise protecting jobs and economic growth. The EU has insisted that this sequence in...

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  • Oil falls to $46, Nigerian cargoes face competition
Oil falls to $46, Nigerian cargoes face competition

The Energy Information Administration said Wednesday that gasoline inventories, one of the products that crude is refined into, unexpectedly rose by roughly 2m barrels against expectations for a decline of 457,000 barrels. Both benchmarks are near levels from late November 2016 when production cuts led by the Organization of the Petroleum Exporti...

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  • Mueller meets with Senate Russia investigators
Mueller meets with Senate Russia investigators

Deputy Attorney General Rod Rosenstein says he wouldn't follow orders from President Donald Trump or anyone else to fire special counsel Robert Mueller unless they were "lawful and appropriate orders". Trump can rescind the regulation that establishes the burden of "good cause" for such a firing, or he could simply fire Rosenstein and insta...

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  • 5 of the Biggest Challenges GE's Jeff Immelt Faced As CEO
5 of the Biggest Challenges GE's Jeff Immelt Faced As CEO

The new boss was seen as a big thinker who could guide GE into the digital age and do so with a lighter touch than his cutthroat predecessor. "This is a business that really focuses on the needs of humanity". GE jumped 3.8 percent to $29 at 12:45 p.m.in NY after climbing as much as 5.5 percent for the biggest intraday gain since October 2015. Yea...

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  • Trump's Washington hotel saw almost $20 million in revenue
Trump's Washington hotel saw almost $20 million in revenue

The Trump International Hotel, housed in the Old Post Office building down the street from the White House, has seen a burst of activity since opening its doors last fall. His revenue also grew from Mar-a-Lagos, the resort in Florida, which he calls the "Winter White House". For example , the estimated revenue of his assets ranges anywhere from $1...

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