Economy

IBD'S TAKE: Alphabet stock is up 16% in 2017 with Friday's gain but has lagged its FANG (Facebook, Amazon .com, Netflix) peers for more than a year. It started investing in hardware, machine learning and cloud computing. That far exceeded Google Network Members' properties revenue of $4.0 billion, which rose 8.6 percent over past year.
  • Workers at U.S. nuclear site take cover after tunnel collapse

    Economy

    No workers were in the tunnel at the time, but some employees close to the collapse were evacuated and others in the area were told to remain indoors and "take cover" as a precautionary measure, according to NBC News . " Hanford is the nation's largest nuclear cleanup site, with 56 million gallons of radioactive waste sitting in old, leaky underground tanks just a few hours upriver from Portland".
  • Trump fires Federal Bureau of Investigation director Comey

    Economy

    Rep. Brad Sherman, D-Sherman Oaks, plans to introduce legislation today that would require the appointment of a special counsel to investigate whether there was collusion between the Trump campaign and the Kremlin during the 2016 US presidential election, Sherman said Tuesday evening.
  • Sinclair To Buy Tribune Media Co For $3.9 Billion

    Economy

    Disaffiliating this many stations to launch their own network would seriously impact Sinclair's value in the short run - not a great look for a company that just took on an addition $2.7 billion in debt. At time of writing this, Sinclair Broadcast shares are trading down 2.44 percent while Tribune Media is trading up 5.29 percent. Sinclair, headquartered in Baltimore, won rights to Chicago-based Tribune Media in an auction, in which Fox Broadcasting Co.
  • Oil steadies but rattled by concern about OPEC's clout

    Economy

    OPEC appears poised to extend oil production cuts at it's May meeting, yet the 13 member oil producing cartel seems destined to face a crossroads in which it will be made to choose between preserving a price floor or protecting market share, according to a senior economist.
  • Russian Federation supports Saudi call to extend oil output cut

    Economy

    USA crude oil inventories fell 5.8 million barrels last week, above analysts' expectations for a 1.8 million barrel decline, according to industry group the American Petroleum Institute. Global oil prices spiked higher in early European trading Monday after comments from Saudi Arabia's Oil Minister raised the prospect of an extension of OPEC's agreed production cuts into the second half of the year.
  • Suspect in trooper shooting barricaded in house

    Economy

    At 9:17 a.m., the male suspect exited the residence and engaged police. Sealy died on the scene. The home is owned by Burgon Sealy Sr., The News Journal reports. Throughout the night, he fired at police as they tried to negotiate a surrender. The man who shot and killed a DE trooper was killed Thursday morning in a gunbattle with law enforcement after a standoff at his home that stretched on for more than 12 hours, state police confirmed.
  • India is a huge market for anyone to ignore: Warren Buffet

    Economy

    Warren Buffett, chairman of Berkshire Hathaway, said the GOP health care bill the House passed was a clear message: " We are going to cut the hell out of taxes for the rich on investment income ". But he also said it would be a " terrible mistake " if capital allocation were not the "main talent" of his successor. Many Berkshire units are selling their wares at discounted prices at the annual meeting, while others offer memorabilia such as "Berky" boxers and bras, talking Warren Buffett ...
  • Pennsylvania Real Estate Investment Trust (PEI) Closed its Previous Trade at $12.06

    Economy

    Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Washington Real Estate Investment Trust (NYSE:WRE). They now have a Dollars 31 price target on the stock. The ex-dividend date of this dividend is Monday, June 12th. In general, an ADX value from 0-25 would signal an absent or weak trend.
  • Federal budget with $75 billion infrastructure commitment

    Federal budget with $75 billion infrastructure commitment

    Economy

    NSW Farmers Derek Schoen said he and his staff will be going through the budget paper over the next few days "with a fine tooth comb". "The Melbourne to Brisbane inland rail project will see this nationally significant freight transport project connect our regions to domestic and global markets by 2024", the joint-statement said.