Economy

Saudi Arabia reduced production to 9.9 million barrels a day last month, below levels it committed to under Opec's accord to rebalance world markets, according to a person with knowledge of the data. Later Tuesday investors will be watching for a US inventory and production estimate from the industry group the American Petroleum Institute. "There's a lot of heightened geopolitical tension on two fronts", said Phil Streible, senior market strategist at RJO futures in Chicago.
  • Twitter pulls lawsuit after feds drop summons for anonymous user's identity

    Twitter pulls lawsuit after feds drop summons for anonymous user's identity

    Economy

    And more importantly, the insistence should not be "by a desire to suppress free speech" and "outweigh the important First Amendment rights of Twitter " and the company's users. Team 2.0 1/2 Not the views of DHS or USCIS. Shortly after Trump's inauguration, alternative or " rogue " Twitter accounts began popping up for the National Park Service, Environmental Protection Agency , NASA and more .
  • Why to Keeping Eye on Oasis Petroleum Inc. (OAS), Twitter, Inc. (TWTR)?

    Economy

    Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. It has been assigned a low target price of $13 and a high target price of $25. EPS breaks down the profitability of the company on a single share basis. The company is estimating to achieve earnings per share (EPS ) growth of -328.10% in this year and the earnings per share (EPS ) growth expected to be 285.70% in the next year.
  • Analysts Expect Fifth Street Finance Corp

    Analysts Expect Fifth Street Finance Corp

    Economy

    They now have a United States dollars 105 price target on the stock. The Company has 274.56 million shares outstanding and 273.37 million shares were floated in market. during the fourth quarter valued at approximately $3,944,247,000. Monarch Partners Asset Management LLC boosted its stake in E*TRADE Financial Corp by 51.5% in the third quarter.
  • Samsung Expected To Sell More than 40 Million Galaxy S8 Units

    Economy

    Later, the in-house investigation report suggested the design fault of the 3,500mAh battery is the reason for this explosion. Some advantages include the sale of smaller Samsung affiliates, converting Samsung's life-insurance unit into a financial holdings company and the public offering in 2016 of its biologic-drugs unit.
  • Trump Drops The Hammer On 'Cheating' Trade Partners With Dual Executive Orders

    Trump Drops The Hammer On 'Cheating' Trade Partners With Dual Executive Orders

    Economy

    He said he'd seen first-hand as he travelled the country how bad trade deals had hurt American workers. The second order will improve the collection of anti-dumping and countervailing duties, which are levied against foreign countries that unfairly subsidize their industries, allowing businesses to sell products below market cost.
  • India, Australia commit to deepen defence, security ties

    Economy

    While addressing media in Delhi, Turnbull was quoted in the report stating, "It will take time but the important thing is to persevere". The Prime Minister congratulated Modi on the creation of the International Solar Alliance, adding he was "very happy to announce that we will join that alliance".
  • Saudi Arabia Said Likely to Support OPEC Extending Output Cuts

    Economy

    A persistent glut of Nigerian oil is easing and even Iran has liquidated the amount of crude held in floating storage. OPEC and other producers, including Russian Federation, have pledged to cut output by around 1.8 million barrels per day (bpd) during the first half of the year in an effort to rein in global oversupply and prop up prices.
  • Canadian judge in Yahoo hack case to reach decision on bail

    Economy

    FBI investigators described Baratov in court documents as a "hacker-for-hire", a flight risk and a "danger to the community" with more than $210,000 in "just one of his multiple" online accounts. "It's been a long several weeks to get up to this point", said Dicarlo of their decision not to speak. They also said they were prepared to act as sureties for him and pledge the equity of their Ancaster home - $845,000 - to secure his release.
  • The Trump-Xi Summit was a Showdown that Wasn't

    Economy

    Trade Representative. According to reports by the Financial Times , China is prepared to raise the investment ceiling in the Bilateral Investment Treaty (BIT), as well as end a ban on American beef imports. As it turned out, the summit was all smiles . Details of the plan have yet to be worked out, but are expected to involve concessions on agriculture, starting with the lifting of a ban on American beef that has been in place since 2003 because of a disease scare in U.S.
  • Wells Fargo Appoints Head of New Financial Institutions Group

    Economy

    But some of the most shocking stories were hidden within Wells Fargo's 113-page report. These included complaints by Wells Fargo managers that employees were being pressured to meet unrealistic sales goals and that an "numerous" accounts were not being funded, primarily because customers did not know had been set up.