Money
Exxon’s 1Q profit tumbles 49% partly on higher spending
- April 28, 2019
Per-share earnings were 55 cents, compared with the average estimate of 72 cents in a Bloomberg survey of analysts. -Wall Street expectations are growing for Exxon as the oil giant rebounds from a disastrous first half of 2018, during which oil and gas production reached the lowest in a decade: It's the best performing major oil stock this year, up 21 per cent. (more...)
- April 28, 2019
Per-share earnings were 55 cents, compared with the average estimate of 72 cents in a Bloomberg survey of analysts. -Wall Street expectations are growing for Exxon as the oil giant rebounds from a disastrous first half of 2018, during which oil and gas production reached the lowest in a decade: It's the best performing major oil stock this year, up 21 per cent. (more...)
U.S. stocks gain after stronger-than-expected economy report
- April 28, 2019
The Dow Jones Industrial Average dropped on Thursday as a sharp decline in 3M shares dragged the 30-stock index. Out of the S&P 500's 11 major sectors, energy was the biggest percentage loser with a 1.2% drop as oil prices sank more than 3 percent after U.S. (more...)
- April 28, 2019
The Dow Jones Industrial Average dropped on Thursday as a sharp decline in 3M shares dragged the 30-stock index. Out of the S&P 500's 11 major sectors, energy was the biggest percentage loser with a 1.2% drop as oil prices sank more than 3 percent after U.S. (more...)
No Wind-Down for China on Stopping Its Iran Oil Buys
- April 28, 2019
In November, the USA re-imposed sanctions on Iran's energy, shipbuilding and banking sectors in a bid to deprive Tehran of its main sources of revenue. "The United States, Saudi Arabia, and the United Arab Emirates, three of the world's great energy producers, along with our friends and allies, are committed to ensuring that global oil markets remain adequately supplied". (more...)
- April 28, 2019
In November, the USA re-imposed sanctions on Iran's energy, shipbuilding and banking sectors in a bid to deprive Tehran of its main sources of revenue. "The United States, Saudi Arabia, and the United Arab Emirates, three of the world's great energy producers, along with our friends and allies, are committed to ensuring that global oil markets remain adequately supplied". (more...)
RBS warns Brexit uncertainty will put pressure on profits
- April 28, 2019
The news comes ahead of the lender's annual general meeting being held in Edinburgh later on Thursday. Mr McEwan said he had achieved the strategy set out when he joined the bank, having returned it to profitability and put it on a firmer footing. (more...)
- April 28, 2019
The news comes ahead of the lender's annual general meeting being held in Edinburgh later on Thursday. Mr McEwan said he had achieved the strategy set out when he joined the bank, having returned it to profitability and put it on a firmer footing. (more...)
Hope y'all got the heads up - Bitcoin, Tether prices hammered lower
- April 28, 2019
The company said in a statement on its website: " Bitfinex and Tether have been fully cooperative with the ny attorney general's office, as both companies are with all regulators". Tether and Bitfinex appear to be shifting the blame towards the AG as convoluting the process of recovering and releasing user funds, stating that its focus is now on efforts to try and "aid and support our recovery efforts". (more...)
- April 28, 2019
The company said in a statement on its website: " Bitfinex and Tether have been fully cooperative with the ny attorney general's office, as both companies are with all regulators". Tether and Bitfinex appear to be shifting the blame towards the AG as convoluting the process of recovering and releasing user funds, stating that its focus is now on efforts to try and "aid and support our recovery efforts". (more...)
Facebook investigated for storage of 'unauthorized' email contacts
- April 28, 2019
The New York state attorney general's office on Thursday announced plans to open an investigation into Facebook's improper collection of users' contact lists. " It is time Facebook is held accountable for how it handles consumers' personal information ", Attorney General Letitia James said in a statement. (more...)
- April 28, 2019
The New York state attorney general's office on Thursday announced plans to open an investigation into Facebook's improper collection of users' contact lists. " It is time Facebook is held accountable for how it handles consumers' personal information ", Attorney General Letitia James said in a statement. (more...)
Shocking! Apple launches voluntary recall and exchange program for some power adapters
- April 28, 2019
The wall adapters were included with Macs and iOS devices from 2003 to 2010. The recall relates exclusively to three-prong wall plug adapters, not USB power adapters. For more information on the recall programme, you can head on over to Apple's website . If you can see letters on the back of your three-pronged plug then it is one of the newer ones. (more...)
- April 28, 2019
The wall adapters were included with Macs and iOS devices from 2003 to 2010. The recall relates exclusively to three-prong wall plug adapters, not USB power adapters. For more information on the recall programme, you can head on over to Apple's website . If you can see letters on the back of your three-pronged plug then it is one of the newer ones. (more...)
Why won't this 1758-carat diamond fetch a record-breaking price?
- April 28, 2019
Now the company might have beat its previous record with a 1,758-carat diamond that would be the second-largest of gem quality ever found-if it's of gem quality. Meanwhile, Lucara shares jumped 5.06% or $0.08 to $1.66 on volume of 403,306. There has been a spate of large diamond finds in the last few years, which has been put down to new sorting machines that can process diamonds without breaking them. (more...)
- April 28, 2019
Now the company might have beat its previous record with a 1,758-carat diamond that would be the second-largest of gem quality ever found-if it's of gem quality. Meanwhile, Lucara shares jumped 5.06% or $0.08 to $1.66 on volume of 403,306. There has been a spate of large diamond finds in the last few years, which has been put down to new sorting machines that can process diamonds without breaking them. (more...)
Musk Must Face Cave Rescuer Lawsuit Over ‘Pedo Guy’ Tweet
- April 27, 2019
Musk and the SEC have been fighting since the CEO tweeted August 7 that he had "funding secured" to take Tesla private, sending the shares surging. "Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected", Elon Musk said on a conference call with journalists at the time . (more...)
- April 27, 2019
Musk and the SEC have been fighting since the CEO tweeted August 7 that he had "funding secured" to take Tesla private, sending the shares surging. "Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected", Elon Musk said on a conference call with journalists at the time . (more...)
Contamination Halts Flow of Russian Oil to Europe
- April 27, 2019
His comments come after Reuters quoted trading sources on Thursday, citing that "Poland and Germany have suspended imports of Russian crude via the Druzhba pipeline, citing poor quality". Apart from Russia, PKN imports oil from Saudi Arabia, Norway, Angola and Nigeria. Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, resulting in a brief shutdown on Wednesday and Thursday. (more...)
- April 27, 2019
His comments come after Reuters quoted trading sources on Thursday, citing that "Poland and Germany have suspended imports of Russian crude via the Druzhba pipeline, citing poor quality". Apart from Russia, PKN imports oil from Saudi Arabia, Norway, Angola and Nigeria. Concerns about the quality of Urals crude also caused delays in loadings at the Baltic port of Ust-Luga, resulting in a brief shutdown on Wednesday and Thursday. (more...)
Boeing MAX Return to Service Must Be Done Right Says United CEO
- April 27, 2019
Southwest said it expects second-quarter RASM to reach the 5.5% to 7.5% range. Shares of Southwest Airlines closed higher for a third consecutive trading session in NY on Thursday. But that was the earliest date that American had enough confidence - 95% certainty, said CEO Doug Parker - to consider putting the plane back in the airline's schedule. (more...)
- April 27, 2019
Southwest said it expects second-quarter RASM to reach the 5.5% to 7.5% range. Shares of Southwest Airlines closed higher for a third consecutive trading session in NY on Thursday. But that was the earliest date that American had enough confidence - 95% certainty, said CEO Doug Parker - to consider putting the plane back in the airline's schedule. (more...)
Musk, SEC Settle Legal Fight Over His Tweets About Tesla
- April 27, 2019
District Judge Alison Nathan in Manhattan to hold him in contempt. The new agreement requires Musk to get approval in advance from "an experienced securities lawyer" employed by Tesla , which is based in Palo Alto, California, before he issues any written communication on a wide range of financial topics. (more...)
- April 27, 2019
District Judge Alison Nathan in Manhattan to hold him in contempt. The new agreement requires Musk to get approval in advance from "an experienced securities lawyer" employed by Tesla , which is based in Palo Alto, California, before he issues any written communication on a wide range of financial topics. (more...)
United Kingdom regulator blocks Sainsbury's £7.3 billion Asda takeover
- April 27, 2019
Sainsbury's , Walmart and Asda said they had mutually agreed to terminate the transaction, opting not to challenge the CMA's ruling through the courts. "There were real fears that Asda House could close as a result of a deal with Sainsbury's and that Asda would take the brunt of any store closures and job losses". (more...)
- April 27, 2019
Sainsbury's , Walmart and Asda said they had mutually agreed to terminate the transaction, opting not to challenge the CMA's ruling through the courts. "There were real fears that Asda House could close as a result of a deal with Sainsbury's and that Asda would take the brunt of any store closures and job losses". (more...)
Subscribers Swarm Netflix In Record Numbers
- April 27, 2019
The strong first-quarter performance coincided with Netflix's biggest USA price increases and emerging streaming challenges from Walt Disney and Apple, two of the world's most popular brands. Many Netflix customers have recently received email alerts that their subscription costs would be rising over the next few weeks. The yet-to-be-released natural history series with David Attenborough as its narrator "Our Planet" will likely secure 25 million viewers in its first month. (more...)
- April 27, 2019
The strong first-quarter performance coincided with Netflix's biggest USA price increases and emerging streaming challenges from Walt Disney and Apple, two of the world's most popular brands. Many Netflix customers have recently received email alerts that their subscription costs would be rising over the next few weeks. The yet-to-be-released natural history series with David Attenborough as its narrator "Our Planet" will likely secure 25 million viewers in its first month. (more...)
Ford's emissions issues prompt DoJ criminal investigation
- April 27, 2019
The automaker said in a regulatory filing the "matter now focuses on issues relating to road load estimations, including analytical modeling and coastdown testing". Ford said on Friday it was fully cooperating with government agencies, as it became the latest vehicle manufacturer to be investigated over emissions . (more...)
- April 27, 2019
The automaker said in a regulatory filing the "matter now focuses on issues relating to road load estimations, including analytical modeling and coastdown testing". Ford said on Friday it was fully cooperating with government agencies, as it became the latest vehicle manufacturer to be investigated over emissions . (more...)
The Employees Who Listen in To Amazon’s Alexa Can Access User Addresses
- April 27, 2019
Although there are no concrete reports on whether Amazon employees with this level of access have abused it, a few members of the Alexa team are concerned that the company is risking user privacy by granting such broad access unnecessarily. (more...)
- April 27, 2019
Although there are no concrete reports on whether Amazon employees with this level of access have abused it, a few members of the Alexa team are concerned that the company is risking user privacy by granting such broad access unnecessarily. (more...)
Australia-US two-year bond yield spread hits lowest since 1997
- April 27, 2019
Underlying inflation - of more importance to the outlook for monetary policy settings from the RBA - rose by a slower 0.4% for the quarter. In seasonally adjusted terms, the ABS said the tradables component of the All groups CPI fell 0.4% (down 0.1% in the December quarter ) and the non-tradables component rose 0.2% (up 0.8%). (more...)
- April 27, 2019
Underlying inflation - of more importance to the outlook for monetary policy settings from the RBA - rose by a slower 0.4% for the quarter. In seasonally adjusted terms, the ABS said the tradables component of the All groups CPI fell 0.4% (down 0.1% in the December quarter ) and the non-tradables component rose 0.2% (up 0.8%). (more...)
Scandinavian Airlines pilot strike sees nearly all flights cancelled, affecting 72,000 passengers
- April 26, 2019
Mina Kvam Tveteraas and her friend Bettina Svendsen were stranded at Stavanger Airport in Norway after their flight to Copenhagen was cancelled. Passengers traveling with SAS on Friday are advised to check their flight status. The pilots' association said work schedules, and not wages, were the main focus of the negotiations, as most SAS pilots have to work at variable times and days. (more...)
- April 26, 2019
Mina Kvam Tveteraas and her friend Bettina Svendsen were stranded at Stavanger Airport in Norway after their flight to Copenhagen was cancelled. Passengers traveling with SAS on Friday are advised to check their flight status. The pilots' association said work schedules, and not wages, were the main focus of the negotiations, as most SAS pilots have to work at variable times and days. (more...)
Trump touts American economy's growth in first quarter
- April 26, 2019
President Trump is praising the latest GDP numbers, which show the USA economy grew 3.2-percent in the first quarter. Pablo Shah, senior economist at the London-based consultancy Centre for Economics and Business Research (CEBR), also said the data points to underlying weakness in the US economy. (more...)
- April 26, 2019
President Trump is praising the latest GDP numbers, which show the USA economy grew 3.2-percent in the first quarter. Pablo Shah, senior economist at the London-based consultancy Centre for Economics and Business Research (CEBR), also said the data points to underlying weakness in the US economy. (more...)
Anadarko Petroleum Group receives new purchase proposal
- April 26, 2019
Paul Sankey, an analyst at Mizuho Securities USA LLC in NY, declared the bid "a very bad idea" and said numerous company's largest shareholders are unhappy. "The pace of earnings beats is at a very nice level, certainly exceeding diminished expectations", said Eric Wiegand, senior portfolio manager for Private Wealth Management at U.S. (more...)
- April 26, 2019
Paul Sankey, an analyst at Mizuho Securities USA LLC in NY, declared the bid "a very bad idea" and said numerous company's largest shareholders are unhappy. "The pace of earnings beats is at a very nice level, certainly exceeding diminished expectations", said Eric Wiegand, senior portfolio manager for Private Wealth Management at U.S. (more...)
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Facebook: No digital currency until regulator concerns addressed