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Economy

U.S. West Texas Intermediate (WTI) crude futures traded down 21 cents at $52.44 a barrel, the lowest since April 10. Brent on the ICE Futures Europe exchange was down 35 cents at $55.01 a barrel. USA rig counts are up for 14 straight weeks returning output to levels not seen since April 2015. US inventories now sit at 532.3 million barrels, only down about 3 million units from the record reached in March.
  • Bank regulator faults itself for missing Wells Fargo issues

    Bank regulator faults itself for missing Wells Fargo issues

    Economy

    Wells Fargo & Company (NYSE:WFC) announced that Wells Fargo customers will soon be able to use PayPal (NASDAQ:PYPL) to conveniently and securely make purchases with their mobile devices at participating merchants whose payment terminals are set up to accept near-field communication (NFC) payments.
  • Things You Need to Know About Fox News Cutting Bill O'Reilly

    Economy

    Meanwhile, O'Reilly's departure will dramatically alter the Fox nightly lineup. This update comes only a week after O'Reilly announced he would be going on "vacation." The settlements - involving women who have either worked with O'Reilly or appeared on his show - took place sporadically between 2002 and 2016.
  • Pence says America's 'sword stands ready' if North Korea attacks

    Pence says America's 'sword stands ready' if North Korea attacks

    Economy

    The first overseas trip for USA defence secretary James Mattis was to Seoul in early February, during which he warned that North Korea would face massive retaliation if it used nuclear weapons. He also pledged support and alliance to South Korea. We've got more newsletters we think you'll find interesting. "China is not the culprit of the issue nor does it hold the crux and the key to resolving it", Chinese Foreign Minister Wang Yi argued Monday, emphasizing that the us will decide ...
  • BT share price: Ofcom unveils plans to 'open up' Openreach

    BT share price: Ofcom unveils plans to 'open up' Openreach

    Economy

    Openreach must fix faulty infrastructure and clear blocked tunnels where necessary for providers to access them. Ofcom has announced plans enabling easier access to Openreach's infrastructure for competing providers to connect their own fibre broadband to customers.
  • Marks & Spencer to close six stores

    Marks & Spencer to close six stores

    Economy

    The Marks & Spencer store in Warrington's Golden Square is one of six United Kingdom stores facing closure, the retailer confirmed today in the latest update on its five-year estates programme. Steve Rowe, chief executive, said: " M&S stores will always be an integral part of our customer offer". "Other near-by stores include M&S York City Centre and the M&S Outlet store at York Designer Outlet".
  • Trump administration talks tougher on Iran but sticks with deal -- for now

    Economy

    The deal "fails to achieve the objective of a non-nuclear Iran", Tillerson said at a news conference. His toughen stand on Iran yesterday came a day after the Trump administration notified the Congress that Tehran is complying with the 2015 nuclear deal negotiated by former president Barack Obama to limit the Islamic Republic's nuclear ability.
  • Ant Financial Rebrands Lazada's Payments Service as Alipay

    Ant Financial Rebrands Lazada's Payments Service as Alipay

    Economy

    Alibaba's Alipay payments platform is slowly making its way around the globe. In Singapore though, Alipay has actually been available at Changi Airport since September 2016 . In recent months Ant Financial has invested in a string of payment firms in Asia, but helloPay represents the firm's first foray into re-branding an acquisition under the Alipay name.
  • Netflix, Inc. (NFLX) Stock Offers Traders a Juicy Opportunity

    Economy

    Starting this year, we can be primarily measured by revenue growth and (global) operating margins as our primary metrics. Boston Advisors LLC raised its stake in shares of Netflix, Inc. Discussing competition, Netflix predicted the launch of new over-the-top subscription TV services in the United States - like YouTube TV and Hulu's forthcoming TV offering - will not have "much of an impact" on the business as Netflix is "largely complementary" to pay TV packages.
  • Burberry Group plc (BRBY) Receives Reduce Rating from AlphaValue

    Economy

    Anglo American PLC has GBX 2050 highest and GBX 152 lowest target. With the last stock price close up 21.20% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. The Company's divisions include De Beers, Platinum, Copper, Nickel, Niobium and Phosphates, Iron Ore and Manganese, Coal, and Corporate and other. After $0.75 actual EPS reported by Archer Daniels Midland Company for the previous quarter, Wall Street now forecasts -17.33% ...
  • Rockwell Collins, Inc. (COL) Set to Announce Earnings on Friday

    Rockwell Collins, Inc. (COL) Set to Announce Earnings on Friday

    Economy

    Werner Lieberherr, former president and CEO of B/E Aerospace, will serve as executive vice president and chief operating officer of the newly formed interior systems business at Rockwell Collins and will report directly to Kelly Ortberg, chairman, president and CEO of the Cedar Rapids, Iowa-based avionics contractor.
  • Russia, Iran vow continued military support for Assad

    Economy

    USA -backed rebels groups have long pleaded for more US intervention and complained that Washington has only fought the Islamic State group. McMaster said Russian leaders were supporting "a murderous regime" and their actions would dictate the future of U.S.