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Economy

Shares of Nordic American Tanker (NYSE:NAT) traded down 1.12% during trading on Friday, reaching $7.07. Metropolitan Life Insurance Co. NY now owns 67,117 shares of the shipping company's stock worth $564,000 after buying an additional 6,012 shares during the period.
  • United CEO Oscar Munoz Got Grilled By DC Lawmakers

    United CEO Oscar Munoz Got Grilled By DC Lawmakers

    Economy

    Otherwise, "we're going to act and you're not going to like it", he said, predicting a "one-size-fits-all" solution that may serve some airlines but not all. "It is my mission to ensure we make the changes needed to provide our customers with the highest level of service and the deepest sense of respect". "Our review shows that many things went wrong that day, but the headline is clear: our policies got in the way of our values and procedures interfered in doing what's right", said Munoz.
  • Assessing the stock market for: Huntington Bancshares Incorporated (HBAN)

    Assessing the stock market for: Huntington Bancshares Incorporated (HBAN)

    Economy

    FBR & Co analyst B. Ramsey now expects that the bank will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. Shares are trading -3.02% below their 50-day moving average, and 10.01% below their 200-day moving average. Stockholders of record on Monday, June 19th will be given a dividend of $0.08 per share.
  • What to expect from iPhone 8

    Economy

    Apple CEO Tim Cook speculated that people are holding off buying iPhones in wake of the rumours about a big design refresh for the line to mark its 10th anniversary later this year . Apple said the segment generated $7.04 billion in revenue this past quarter, the second straight quarter it's crossed the $7 billion threshold, and a $1.05 billion rise year-over-year.
  • Kapil Mishra challenges Arvind Kejriwal to a poll battle

    Kapil Mishra challenges Arvind Kejriwal to a poll battle

    Economy

    The saffron party's Delhi unit chief Manoj Tiwari, at a press conference in New Delhi , alleged that there were "gross discrepancies" in the figures of donation amount shown by the AAP in its affidavits, party website, and what it has declared to the EC.
  • Federal appeals court reviews Trump's revised travel ban

    Federal appeals court reviews Trump's revised travel ban

    Economy

    The Fourth U.S. Circuit Court of Appeals building in Richmond, Va. . "Is it still there today?" one of the judges asked the lawyer challenging the ban. Wall, Omar Jadwat , the ACLU attorney who argued the case, faced a tough line of questioning from the Republican-appointed judges. In March, a federal judge in Maryland blocked the travel ban, which itself was a revised version of one initially issued in January that was tweaked after encountering legal roadblocks.
  • Leaked Trump draft order blames NAFTA for wealth transfer from US

    Leaked Trump draft order blames NAFTA for wealth transfer from US

    Economy

    Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto may have more work to do if they are to prevent President Trump from doing everything he can to end NAFTA for the U.S. Some were gunning for Trump to sign a draft order this week, while others were weighing complications surrounding withdrawing from or renegotiating the deal without Congress fully on board.
  • China Launches first Domestic Jetliner

    Economy

    Comac's C919 narrowbody airliner made its debut flight from China's Shanghai Pudong International Airport on Friday, ending a year-and-a-half wait since its factory rollout in November 2015. Merluzeau anticipated that by the mid-2030s, COMAC is going to become an important partner to the global aerospace supply chains, owing to the growth of supply chains in China proper and partnership and the importance of market.
  • Oil prices slide below $45 per barrel

    Economy

    OPEC is due to meet May 25 in Vienna to decide whether to continue with the production cut. The moves are likely to add even further pressure on OPEC members as they prepare for their next meeting on May 25 in Vienna, when they are expected to discuss extending a late-November agreement on production cuts that has, along with participation from Russian Federation, taken 1.8 million barrels of crude from the market each day.
  • Google CEO made almost $200 million past year

    Economy

    Revenues rose 22.2% from a year ago to $24.75 billion, also topping analysts' view for $24.18 billion. Google's revenue rose 22.2 per cent to US$24.75 billion from US$20.26 billion in the quarter ended March 31. Alphabet's category called "Other Bets" - which includes more risky projects like Google X, Nest, Life Sciences unit Verily, self-driving unit Waymo , and more - posted revenue of $244 million on an operating loss of $855 million.