Economy

Oil producers' goal was to push OECD countries' oil stockpiles back down to their five-year average level of roughly 2.7bn barrels, versus slightly more than the then current 3bn barrels. The decline came against a trend established last week when Russian Federation and Saudi Arabia called for extending a multilateral agreement to balance the market with managed production declines into early 2018, instead of year-end 2017.
  • Union: Up to 40K walking off the job at AT&T this weekend

    Economy

    The CWA says the strike could lead to AT&T closing its wireless retail stores over the weekend. "Americans are fed up with giant corporations like AT&T that make record profits but ask workers to do more with less and choose to offshore and outsource jobs", said Nicole Popis, an AT&T wireless call center worker in IL.
  • Oil down as White House proposes selling US oil reserves

    Economy

    Ole Hanson, the head of commodity strategy at SaxoBank, told UPI that if the proposal has enough support to move forward, the sale from the SPR would pay off, but progress would have to be managed carefully so that USA oil doesn't flood the market and drag on domestic crude oil prices.
  • Performance Recap on Shares of Hewlett Packard Enterprise Comp (HPE)

    Performance Recap on Shares of Hewlett Packard Enterprise Comp (HPE)

    Economy

    Reilly Financial Advisors LLC increased its position in Hewlett Packard Enterprise by 5.3% in the first quarter. Over the last week of the month, it was -1.05%, 1.71% over the last quarter, and 6.27% for the past six months. The ex-dividend date is Monday, June 12th. Hewlett Packard Enterprise's payout ratio is now 14.21%. TRADEMARK VIOLATION NOTICE: This piece of content was posted by Chaffey Breeze and is the property of of Chaffey Breeze.
  • Macron win leaves French politics in crisis

    Macron win leaves French politics in crisis

    Economy

    Macron's party, previously known as a movement called simply En Marche , is preparing a list of candidates for next month's parliamentary election . He has also promised to defend equal marriage, a legislation that Macron has deemed "an enrichment of what the family is in France that shows its importance to all of us".
  • Trump slams Iran, sees opportunity for M-E unity

    Economy

    Trump's schedule Tuesday includes a trip to Bethlehem to meet with Palestinian President Mahmoud Abbas . This will be closely watched after Mr Trump's conflicting pronouncements on the alliance. "Washington stops policies such warmongering, interventions, Iran-phobia and selling unsafe and useless weapons to main terrorists supporters". "Never mentioned the word 'Israel'".
  • For US Muslims, Trump's absence of insults raises cynicism

    For US Muslims, Trump's absence of insults raises cynicism

    Economy

    President Donald Trump's remarkable visit to Saudi Arabia ended as it began: with warm applause from Saudi leaders who displayed real pride in the fact that an American president chose the religious center of the Muslim world as the first stop on his first trip overseas.
  • Israelis and Arabs share 'common cause' against Iran

    Economy

    The moment was abrupt interruption of an otherwise warm and smooth welcome for Trump to the Holy Land. "Just an exhausted guy", a senior White House official told the Associated Press when they asked about the mistake. It later annexed east Jerusalem and claims the entire city as its capital. As Trump has appeared to delay and vacillate over the embassy move, there is growing discontent within the right-leaning factions of the Israeli government.
  • Former Minister of Agriculture enters the race for the Fine Gael leadership

    Economy

    The former Minister of Agriculture, Food and the Marine, Simon Coveney, has recently announced that he will enter the race to become the next leader of the Fine Gael party. Nominations for the contest to replace him close on Saturday with the successor due to be elected by June 2 and Ireland's Dail parliament due to vote in the new leader as taoiseach in the following days.
  • Donald Trump administration sending Congress $4.1 trillion budget

    Economy

    She appeared to be referring to the skeletal plan Trump described in the summary of his 2017-18 budget released in March. That blueprint included a proposed $15.1 billion drop in funding for the Department of Health and Human Services, as well as additional funds to improve the "integrity and sustainability" of Medicare and Medicaid.
  • UK's May says police believe they know identity of Manchester attacker

    UK's May says police believe they know identity of Manchester attacker

    Economy

    There was no immediate claim of responsbility, but Chief Constable Ian Hopkins said police are treating the blast as an act of terrorism "until we know otherwise". Police advised the public to avoid the area around the Manchester Arena Monday night. "We just ran as fast as we could to get away from that area", Lunt said.