Economy

In the oil market on Thursday, crude prices turned lower after Saudi Arabia's oil minister Khalid al-Falih ruled out deeper cuts (http://www.marketwatch.com/story/oil-prices-turn-sharply-lower-after-saudi-oil-minister-rules-out-deeper-cuts-2017-05-25) to production in any extension to an OPEC output agreement.
  • OPEC and other nations poised to extend output cuts

    Economy

    In November past year, OPEC and 11 other non-OPEC producers, including Russian Federation, agreed to cut output by about 1.8 million barrels per day between January 1 and June 30. Nigeria has tendered request for further exemption from the production cut at the ongoing 172nd meeting of the Organisation of Petroleum Exporting Countries ( OPEC ) meeting today.
  • Trump budget faces Dem opposition, GOP doubts about math

    Economy

    Mnuchin's comments came shortly after White House budget director Mick Mulvaney said that government "receipts now are coming a little bit slower than expected". In addition to the cuts, the proposal also includes a boost to military spending, $19 billion over 10 years for Ivanka Trump's paid family leave proposal and $1.6 billion for construction of a wall on the U.S.
  • Does Trump's Budget Cut Medicaid Funding? No One Seems To Know

    Economy

    Retirement benefits: Implementing several changes to the Federal Employees Retirement System saves US$77 billion over a decade. Not surprisingly, Trump has made a decision to embrace the House Republican health-care bill's $800 billion in cuts to Medicaid (over the next decade), according to The Post.
  • Nigeria accepts OPEC's production ceiling, but..

    Economy

    Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. While welcome news to firms and to consumers filling up their cars, this blew a hole in the finances of oil-producing nations, even rich Gulf countries.
  • Complete schedule and fixtures for warm-up matches of ICC Champions Trophy 2017

    Economy

    India , having won 2 Champions Trophies in 2012 and 2013, will also face off Sri Lanka and South Africa on June 08 and June 11 at Kennington Oval respectively. Virat Kohli (captain), Shikhar Dhawan , Rohit Sharma , Ajinkya Rahane, Yuvraj Singh , MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik (wk), Ravindra Jadeja , R Ashwin , Jasprit Bumrah, Bhuvneshwar Kumar, Hardik Pandya, Umesh Yadav, Mohammed Shami.
  • 'Demagoguery at the Highest Level': Mulvaney Slams Dems' 'Lies' About Budget

    'Demagoguery at the Highest Level': Mulvaney Slams Dems' 'Lies' About Budget

    Economy

    Rep. Barbara Lee (D-Calif.) was even harsher in criticizing the cuts Mulvaney has proposed. The proposal projects that this year's deficit will rise to $603 billion, up from the actual deficit of $585 billion last year, But the document says if Trump's initiatives are adopted the deficit will start declining and actually reach a small surplus of $16 billion in 2027.
  • Chico's FAS, Inc. (CHS): What's the Story?

    Chico's FAS, Inc. (CHS): What's the Story?

    Economy

    The relative volume of the stock is 2.53, while its market cap is $1.52 Billion. CHS stock was down 11% as of Wednesday morning and is down 31% year-to-date. If you are reading this report on another publication, it was illegally copied and reposted in violation of global trademark and copyright law. Also, insider Colaco Donna Noce sold 51,235 shares of the company's stock in a transaction that occurred on Wednesday, March 29th.
  • Can Opko Health, Inc. (OPK) Shock Analysts Again?

    Economy

    Formidable Asset Management LLC now owns 11,638 shares of the biotechnology company's stock worth $108,000 after buying an additional 1,096 shares in the last quarter. On average, equities analysts expect that Opko Health Inc . will post ($0.20) earnings per share for the current year. (NASDAQ:OPK) or 8.40 million shares.
  • Cleveland Cavaliers want to keep defensive pressure on Celtics in Game 5

    Economy

    The team which beat them in the 2015 Finals, set an National Basketball Association record with 73 wins in 2016, blew a 3-1 lead to the Cavs in the Finals for Cleveland's first championship, and then went out and signed Kevin Durant . The 93 points produced together by Irving, James and Love are the most they have amassed as a group and the second highest for a trio in team playoff history.
  • After OPEC deal, Texas oil regulator boasts of victory

    Economy

    Khalid A. Al-Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources, and President of the OPEC Conference said yesterday that "Since our last meeting in November, the oil market situation has markedly improved". May 25 OPEC ministers were forced by Texas shale oil producers on Thursday to extend a supply cut into 2018, a regulator from the USA state said.