Economy

Saturday, a largely stage-managed conflict between the Trump administration and congressional Democrats over a bill to avert a government shutdown is being used by the Democratic Party as a smokescreen to obscure its support for stepped-up attacks on immigrants and a large increase in military spending.
  • Wells Fargo executives apologize to shareholders

    Wells Fargo executives apologize to shareholders

    Economy

    In other Wells Fargo & Co news, Director Stephen W. Sanger purchased 58,342 shares of the firm's stock in a transaction dated Monday, April 17th. Wells Fargo's top management and board of directors apologized to investors and faced a series of protesters Tuesday at the first big shareholder meeting since a scandal over sales practices led to an executive shake-up, fines and a dented reputation.
  • Oil hits 11-day low on expected surge in United States shale output

    Economy

    US crude oil production has climbed to 9.24 million barrels per day (bpd), according to the latest Energy Information Administration data , making it the world's third-largest producer after Russian Federation and Saudi Arabia. The price of crude oil fell following the release of an industry report which showed that the decrease in inventory in the United States was lower than had been anticipated.
  • Ferrexpo Plc (FXPO) Earns "Buy" Rating from Deutsche Bank AG

    Economy

    The firm has "Speculative Buy" rating by Beaufort Securities given on Thursday, February 4. The company was downgraded on Friday, October 30 by Wells Fargo. Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.24, from 0.84 in 2016Q3. It worsened, as 69 investors sold BAE Systems plc shares while 508 reduced holdings.
  • Can Far-right candidate Marine Le Pen win the French election?

    Can Far-right candidate Marine Le Pen win the French election?

    Economy

    Far-right French presidential candidate Marine Le Pen said on Wednesday that the French colonisation and occupation of Algeria achieved many positive gains for the country, claiming that Algerians with good-will recognise this, Turkish state-owned Anadolu Agency reported.
  • Crude rebounds on OPEC comments

    Crude rebounds on OPEC comments

    Economy

    While a number of producing nations have reached an initial deal to extend supply curbs past June, according to Saudi Arabia's energy minister, data showing rising USA output is prompting concern that those reductions will be undermined. "There was a high level of commitment in the first three months (of production cuts), but despite that, we have not achieved the target" of reducing the supply, he said.
  • Wisconsin dairy farmers face spoiling market, tight deadline

    Economy

    Trump referenced the crisis on Twitter a day after announcing the tariffs: "Canada has made business for our dairy farmers in Wisconsin and other border states very hard". WHEDA's expanded loan guarantees will be available to dairy farmers and processors through August 1, 2017. The impacted farms in Wisconsin ranged in size from 12 cows to 3,200 cows.
  • Momentum Stock in Focus: Globalstar Inc. (GSAT)

    Economy

    Globalstar, Inc. highlighted its earnings failure in the latest quarter as it miss the Street's earnings consensus estimates of -$0.02 by -$0.09. According to analysts minimum EPS for the current quarter is expected at -$0.02 and can go high up to -$0.02.
  • France's president warns of complacency over Le Pen

    Economy

    Jean-Marie Le Pen squeezed into the winner-takes-all runoff against Jacques Chirac with just 17 percent of the vote, a record low. The French press has been quick to label it a "marketing coup", with no real implications at all. The uniting of the political spectrum to keep the far-right out of power has become known as the Republican Front. A less divisive and more polished politician than her father, the mother of three has made voting for the National Front party that Jean-Marie founded ...