Economy

Despite almost six months of OPEC-led efforts to reduce a global glut, oil prices have not stabilized at higher levels as many had anticipated when the group agreed with other producers to cut supply back. The move is meant to drain the market of excess supply. For oil market players, "the fact that consumption remains sluggish at a time when demand should be growing creates a reason to sell", said Satoru Yoshida of the Rakuten Securities Economic Research Institute.
  • Points leaders are 1-2 after Michigan qualifying

    Points leaders are 1-2 after Michigan qualifying

    Economy

    That is now 10 different drivers to record a win in 14 races and the most shocking thing is that there are some big names that have yet to reach Victory Lane in 2017. "Staying in qualifying trim all day just seems to suit us - we stay focused on one thing and we can get it right and tomorrow we'll switch over and do race stuff, so looking forward to it.
  • Cuomo to Mayor: Make Charter Compromise, Get 'School' Extension

    Cuomo to Mayor: Make Charter Compromise, Get 'School' Extension

    Economy

    If mayoral oversight were to lapse, control of city schools would revert to a single board of education and many local districts within the city. New York City Mayor Bill de Blasio was responsible for an astonishing display of transparent hypocrisy, during a rally Monday against state Republican plans to increase the number of charter schools in New York City.
  • Time Warner signs deal to develop shows for Snapchat

    Time Warner signs deal to develop shows for Snapchat

    Economy

    The newly created shows will span a variety of genres, including scripted drama, daily news shows, documentaries and comedy. There is now about one Show airing each day on Snapchat . UBS maintained the shares of TWX in report on Thursday, August 4 with "Buy" rating. At time of publication, Snap waned to trade up a mere 1.4 percent at $17.79 on the day.
  • Britain and EU launch Brexit talks in Brussels

    Britain and EU launch Brexit talks in Brussels

    Economy

    Officials charged with negotiating the first departure of a country from the European Union were in Brussels on Monday to kick off the most consequential series of talks for the United Kingdom since the end of World War II. At a press conference with May, Macron said the door was "always open" for Britain to remain in the European Union as long as the negotiations on Brexit have not finished.
  • As inflation misses goal, Fed's Evans calls for gradual rate hikes

    As inflation misses goal, Fed's Evans calls for gradual rate hikes

    Economy

    Dudley aligned himself with Chair Janet Yellen on Monday and declared his expectation that a tight labor market will eventually trigger a rebound in inflation data that has been unexpectedly weak in recent months. The two-year yield was near 1.36% against a 1.307% low, 1.3642% high and 1.32% close. Retailers in Europe .SXRP , closed up 0.8 percent, and in the U.S.SPXRT , gained 0.9 percent, recouping some losses that were triggered on Friday by news of Amazon's $13.7 billion deal to ...
  • CHART: US crude oil inventories are still above historic norms

    CHART: US crude oil inventories are still above historic norms

    Economy

    The price of oil tumbled Wednesday in the wake of a report that revealed a surprise build-up in US crude supplies last week. Brent is nearly 8 per cent below it levels on May 25, when an OPEC-led policy to cut oil output was extended to cover the first quarter of 2018.
  • Greece 'optimistic' on securing deal

    Economy

    Greece avoided another potential brush with bankruptcy Thursday after striking a deal with European creditors to tide it over for the rest of the year and gained assurances that its repayment burden will be eased when it finally can stand on its own after almost a decade on financial life support.
  • Ruth Davidson has been a true champion of Scottish unionism

    Economy

    The Liberal Democrats also enjoyed success in East Dunbartonshire, where former United Kingdom government minister Jo Mr Salmond said: "The Scottish National Party have lost many fine parliamentarians this evening, and that is a grievous blow to the SNP ".
  • Celtics' Danny Ainge not worried about trading away No. 1 overall pick

    Economy

    The Lakers have engaged at least two teams in the draft lottery as they continue their rebuilding process, league sources told ESPN's Ramona Shelburne. The fact the Sixers were willing to potentially not only give up the Lakers pick next year but the Kings pick the following, as well shows how General Manager Bryan Colangelo saw this move as one he had to make - and rightly so.
  • Islamic State claims responsibility for fatal stabbing of police officer in Jerusalem

    Economy

    In the wake of the attacks, Israeli Prime Minister Benjamin Netanyahu cancelled permits allowing Palestinians to visit their families in Israel during the Muslim holy month of Ramadan . "During Ramadan there are large numbers of (Palestinian) youths who enter without permits, they take advantage of Ramadan to be in Jerusalem ", Halevy told media at the scene of the attack.