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Economy

That surprise build in gasoline, along with an increase in US production, pressured prices. USA rig counts are up for 14 straight weeks returning output to levels not seen since April 2015. For the week ending March 3, 2017, the inventory spread was 159.5 MMbbls-the highest level since January 2011. Now the deal's participants must weigh whether another such agreement is worth it, given that any price increases would spur more US production.
  • Why the Best Is Yet to Come for Netflix, Inc

    Why the Best Is Yet to Come for Netflix, Inc

    Economy

    If Netflix reaches 100 million subscribers this weekend, that means it's already added 1.25 million subscribers - or almost 40 percent - so far this quarter, well on its way to making its guidance of 3.2 million adds. The first quarter, lighter on new releases, was the company's most profitable ever and the first time worldwide operations made money. Long exhausted with the cost of paying steep prices for premium cable, a colossal number of people have found - are finding, still - Netflix ...
  • Saudi Arabia said to cut oil output to lowest since January

    Economy

    Energy Information Administration (EIA), consultancy Cambridge Energy Research Associates (CERA) and industry newsletter Petroleum Intelligence Weekly (PIW). Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a United States missile strike on Syria and a shutdown at Libya's largest oilfield .
  • International Monetary Fund raises growth predictions, frets about protectionism

    Economy

    India's merchandise exports started improving in recent months after struggling since December 2014. The central bank cautioned, however, that Canada's economy might be unable to maintain the pace set in early 2017. Growth will rebound to 4.5 percent in 2018, the report said - close to the government's target in its new budget. The world economy gained speed in the fourth quarter of 2016 and the momentum is expected to persist.
  • Washington Trust Bank Has $730000 Stake in NVIDIA Co. (NVDA)

    Washington Trust Bank Has $730000 Stake in NVIDIA Co. (NVDA)

    Economy

    At recent session, the prices were hovering between $97.6 and $99.54. NVIDIA has forecasted revenues of $1.9 billion for the first quarter, plus or minus 2%. If you are reading this article on another site, it was illegally copied and republished in violation of USA and worldwide copyright & trademark laws.
  • United Airlines CEO to visit China over dragged passenger

    Economy

    United Airlines chief executive Oscar Munoz will take a trip to China following violent the removal of an Asian-American passenger from the airlines' flight last week. And some U.S. politicians have called for a total ban on overselling flights. Other airline stocks also declined in the same period. United President Scott Kirby said, "We feel like we've managed that pretty well and our corporate accounts are largely supportive".
  • OPEC, non-OPEC to meet on same day as group's May gathering

    OPEC, non-OPEC to meet on same day as group's May gathering

    Economy

    EDT (1513 GMT). "The rig count has climbed 32 of the last 36 weeks", Stephen Schork, president of Schork Group Inc., a consulting company in Villanova, Pennsylvania, said by telephone. Energy Information Administration , the steepest monthly rise since February 2015. There are many indicators pointing to a more balanced market, Saudi Arabian Oil Co.
  • Turkey's election board rejects appeals to annul referendum

    Economy

    Turkey's opposition parties have the right to file objections to the outcome of a recent referendum on expanding presidential powers, the prime minister said Wednesday, but he warned that calling for street protests was unacceptable. The main opposition Republican People's Party (CHP) and the pro-Kurdish HDP had called on the electoral board to annul Sunday's referendum because unstamped ballot papers were included in the count.
  • Daily Mail And General Trust A (Non.V) (LON:DMGT) Broker Updates

    Daily Mail And General Trust A (Non.V) (LON:DMGT) Broker Updates

    Economy

    The SI to Diamond Offshore Drilling IN's float is 38.19%. Another trade for 500 shares valued at $5,500 was bought by Parrish Lewis. Diamond Offshore Drilling Inc (NYSE:DO) has declined 2.05% since September 9, 2016 and is downtrending. Shore Capital maintained Tesco PLC (LON:TSCO) on Tuesday, January 10 with "Hold" rating. 20/01/2017 - Tesco had its "Underperform" rating reiterated by analysts at Exane BNP Paribas.
  • Family of Kentucky man pulled from plane to hold press conference

    Family of Kentucky man pulled from plane to hold press conference

    Economy

    White House press secretary Sean Spicer on Tuesday called the forced removal of the passenger "troubling". Munoz, who was named "communicator of the year" recently by PR Week, said in his latest statement: "I deeply apologise to the customer forcibly removed and to all the customers aboard".