Economy

Brent crude, the global benchmark, continues to hold near $50 a barrel despite Saudi Arabia and Russian Federation signaling a willingness to prolong cuts into 2018 to bring inventories down further. By 10:12 a.m. CT (15:12 GMT), West Texas Intermediate crude futures were up $1.30, or 2.8%, at $47.18/bbl, and Brent crude rose 2.5%, or $1.25, to $49.98/bbl.
  • Snap shares whacked after earnings miss forecast

    Economy

    The owner of Snapchat reports a net loss of $2.2 billion in the January-March period. Snapchat remains far smaller than rival Facebook, which has more than 1 billion daily active users and almost 2 billion monthly active users. Asked if he was concerned about the growing popularity of Facebook's Instagram Stories, Spiegel brushed off the suggestion, saying "People are going to copy your products if you make great stuff".
  • Jared Kushner's family apologises for name drop in pitch

    Economy

    Meyer highlighted her family ties during her presentation. Nichole Kushner Meyer told more than 100 people at a Beijing hotel Saturday "that the $976 million project - twin 66-story towers with almost 1,500 apartments - 'means a lot to me and my entire family, '" reports Ken Bredemeier for Voice of America .
  • Comey writes farewell letter, says he 'will be fine' after firing

    Economy

    Andrew McCabe , who was Comey's deputy, was installed in the post on an acting basis in the wake of the dismissal. Did Comey request additional resources to deepen his Russian Federation probe? The Senate's top Democrat, minority leader Chuck Schumer-who a year ago said he had "lost confidence " in Comey-appealed to Rod Rosenstein , the deputy attorney general responsible for the investigation into possible Russian interference in the 2016 election: "Mr.
  • Govt 'upfront' about company tax: Morrison

    Economy

    A housing investment boom in recent years is showing signs of fading. Other tax proposals in the budget include a major bank levy on banks with liabilities greater than AUS $100 billion, which would raise at least AUS $1.5 billion per year.
  • Moon, Trump agree on close cooperation on N. Korea: Seoul

    Economy

    Abe said in a statement he looked forward to working with Moon to improve relations, describing South Korea as one of Japan's most important neighbours. Koreans now expect a more accountable government system and Moon has vowed to vacate the Blue House palace and instead work from the central government offices.
  • Tunnel collapse renews safety concerns about nuclear sites

    Tunnel collapse renews safety concerns about nuclear sites

    Economy

    LOS ANGELES Thousands of workers at a nuclear site in Washington state were ordered to take cover on Tuesday after astorage tunnel filled with contaminated material partially collapsed. It has not been occupied in 20 years and remains contaminated by radioactivity. People were anxious that the radiations released from the tunnel may affect them especially that Hanford is close to Richland, around 200 miles southeast of Seattle.
  • Ferrexpo Plc 55.8% Potential Decrease Indicated by Liberum Capital

    Economy

    With 30,700 avg volume, 1 days are for Unity Bancorp Ijnc (NASDAQ:UNTY)'s short sellers to cover UNTY's short positions. The SI to Willdan Group Incorporated's float is 2.97%. Citigroup maintained SSP Group PLC (LON:SSPG) rating on Friday, September 4. GBX 1351.71's average target is -15.41% below currents GBX 1598 stock price.
  • Government to profile drug users for welfare trial

    Government to profile drug users for welfare trial

    Economy

    People who fail a drug test would be placed onto a Cashless Debit Card, which quarantines income on a card that can not pay for alcohol, gambling or be used to withdraw cash. Under the compliance program, recipients will lose 50 per cent of their fortnightly payment for the first strike, 100 per cent for their second, and have their payment suspended for four weeks for their third strike.
  • Senate intelligence committee subpoenas Michael Flynn

    Economy

    Lt. Gen. Michael Flynn was sacked in February as US President Donald Trump's National Security Adviser, less than a month after his appointment, over his undisclosed contacts with the Russian Ambassador in Washington , D.C., Sergei Kislyak.
  • Oil prices rise in expectation of Aramco supply cut

    Oil prices rise in expectation of Aramco supply cut

    Economy

    Global benchmark Brent crude was up 54 cents at $49.27 a barrel by 1102 GMT. "During the first half of April, crude oil prices rose, returning to the mid-$50 per barrel level where they had been from December through February", said the report.
  • Warren Buffett says coal won't make a comeback

    Economy

    Despite the earnings shortfall, Buffett's preferred measure of growth for Berkshire, book value per Class A share, or assets minus liabilities, rose 3.5 percent in the quarter to $178,073. "They may become like cattle cars", he said, "but a significant percentage (of passengers) would rather be treated that way and fly for X than have far more leg room (and other benefits) and fly for X plus 25 percent".