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Economy

USA oil inventories jumped last week even as rising imports offset a partial recovery at the country's refineries. OPEC and other producers opted to decrease production by 1.8 million barrels a day in an attempt to rebalance the oil market and support prices.
  • Anna Nordqvist wins Evian Championship after playoff

    Anna Nordqvist wins Evian Championship after playoff

    Economy

    But Mel Reid mixed four bogeys with two birdies in a 74 which saw her slide to one over, while Charley Hull will also be playing for pride in the final round after failing to build on a bright start to her 69. Lydia Ko, the 2015 victor, also made five at the final hole to miss out on the play-off and finish tied third alongside Jutanugarn and Katherine Kirk.
  • Lattice Semiconductor Corporation (LSCC), Steelcase Inc. (SCS)

    Economy

    Investors and Traders continue to monitor technical levels of shares of Cypress Semiconductor Corporation (CY ). It has outperformed by 19.03% the S&P500.The move comes after 9 months negative chart setup for the $692.33 million company. Royal Natl Bank Of Canada accumulated 0% or 42,244 shares. Following the transaction, the executive vice president now owns 324,320 shares in the company, valued at approximately $4,994,528.
  • Ryanair cancels hundreds of flights, sparking outrage from customers

    Ryanair cancels hundreds of flights, sparking outrage from customers

    Economy

    Ryanair apologised for the inconvenience caused to customers by these cancellations. "We are sorry and it's because we messed up pilot holiday planning and are working hard to fix". "We look forward to the response from the Commission for Aviation Regulation". Ryanair said the delays had been prompted by air traffic control issues in France, Britain, Germany and Spain, as well as thunderstorms .
  • UN chief calls on Myanmar gov't to stop violence

    UN chief calls on Myanmar gov't to stop violence

    Economy

    According to The Guardian, 1.1 million Rohingya people live in Myanmar and are located mainly in the Rakhine state. "There is a clear and systematic pattern of abuse here", said Tirana Hassan, crisis response director for Amnesty. Britain's UN Ambassador Matthew Rycroft said the council's press statement , following closed-door consultations, was the first statement the UN's most powerful body has made in nine years on the situation in Burma.
  • Lakers and Clippers unveil Nike's NBA Statement Edition uniforms in Los Angeles

    Lakers and Clippers unveil Nike's NBA Statement Edition uniforms in Los Angeles

    Economy

    But these are more than just a jersey, they can bring you highlights of your favorite player, too. The new uniform resembles the Heat's classic red alternates and look as crisp as ever. As for the Nike Therma Flex Showtime Warm-up Jacket, it celebrates style in the game, with Nike designers refreshing the apparel staple. All Statement Edition jerseys will be available at retail on November 20, and will begin being worn on-court on November 25.
  • Bitcoin Dives on Dimon's Fraud Warning

    Bitcoin Dives on Dimon's Fraud Warning

    Economy

    Bitcoin prices topped $5,013 earlier this month but were trading at around $3,600 early Thursday, down more than 28 percent from their peak. Earlier this month, the Chinese central bank prohibited the controversial fundraising method, urging the termination of current campaigns and imposing companies that raised funds through ICOs to refund investors.
  • Google's parent company might invest $1 billion in Lyft, report says

    Google's parent company might invest $1 billion in Lyft, report says

    Economy

    The word is that the investment in Lyft is being driven by top-level executives, including Alphabet's Larry Page. Previously, Google had invested a whopping $258 million in Uber via Google Ventures and now the company is suing Uber for, allegedly, stealing trade secrets from Google's self-driving auto company, Waymo .
  • Improving outlook for oil prices

    Improving outlook for oil prices

    Economy

    Crude oil prices rose on Wednesday after the International Energy Agency ( IEA ) said a global surplus of crude was starting to shrink, even though US data showed another big increase in domestic inventories due to Hurricane Harvey. Industry and government oil products stocks stood at 1,796. 3 million barrels at in July in the 34 countries that make up the Organisation for Economic Cooperation and Development.
  • This blooper reel from SpaceX's rocket tests is explosively entertaining

    This blooper reel from SpaceX's rocket tests is explosively entertaining

    Economy

    If you watch the reel, several self-deprecating jokes ("look, that's not an 'explosion , ' it's an unscheduled disassembly") accompany footage of smoking wrecks and explosions in the sky. But since the hard work of the team resulted in success, Musk will surely be proud to share this journey (with a mix of humor) with fans. In November, the company plans to launch its biggest usable rocket system, the Falcon Heavy, and then follow it up with carrying NASA astronauts in 2019.
  • American families finally earn more than they did in 1999

    American families finally earn more than they did in 1999

    Economy

    Census Bureau . The median household income increased nationwide between 2015 and 2016, from $57,230 to $59,039 - the second consecutive annual increase in income. Non-Hispanic, white households have a real median income of $65,041, while black households have a median of $39,490. At the same time, the number of American households that made less than $15,000 a year dipped to 11.2 percent, the lowest percentage since 2007.