Finance


FIFA warns Mexico over discriminatory chants at Confed Cup FIFA warns Mexico over discriminatory chants at Confed Cup
- June 22, 2017

Portugal , the reigning European champions, will start with the slight edge, but if they go into the game overconfident they could very lose. Group rivals Mexico and New Zealand meet later in Sochi. The hosts were unlucky not to force an equaliser after a string of chances in a strong second-half display. On June 24, Mexico face Russian Federation and New Zealand face Portugal in the final games of Group A. (more...)
Home sales up in May, but buyers face sharply rising prices Home sales up in May, but buyers face sharply rising prices
- June 22, 2017

Sales and prices were up for both single-family homes and for condos in Palm Beach County. "Home prices keep chugging along at a pace that is not sustainable in the long run". In California, the statewide median sales price for single-family existing homes in April was $536,750; in MA, it was $362,500; in Maryland, it was $285,023; and in NY, it was $235,000. (more...)
Kim Kardashian and Kanye West Hire a Surrogate Kim Kardashian and Kanye West Hire a Surrogate
- June 22, 2017

The surrogate will reportedly be paid $45,000 in 10 monthly installments of $4,500 and will be paid $5,000 for each additional child if there are multiples. "After everything I went through, the surgery and it wasn't successful and didn't do anything", Kardashian West told sisters Kourtney and Khloé during the episode . (more...)
Oil price extends drop to 7 month lows, despite OPEC cuts Oil price extends drop to 7 month lows, despite OPEC cuts
- June 22, 2017

Brent was trading 26 cents down at $45.76 per barrel, while US West Texas Intermediate dropped 20 cents to $43.31. The U.S. benchmark dropped 98 cents, or 2.3 percent, to $42.53 a barrel in NY. It was later in the day, trading around $45.81, down $1.10, while the United States crude fell $1.27 to $42.93, its lowest since November 14, before recovering to around $43.10. (more...)
Utah Retirement Systems Raises Stake in Marathon Oil Corporation (MRO)
- June 22, 2017

RBC Capital Markets maintained the shares of MRO in report on Friday, February 19 with "Sector Perform" rating. Marathon Pete Corp Com now has $28.53 billion valuation. Therefore 75% are positive. As per Friday, June 2, the company rating was upgraded by Wunderlich. The stock has "Buy" rating by Chardan Capital Markets on Friday, January 6. (more...)
Boeing unveils plans for new version of 737 Max Boeing unveils plans for new version of 737 Max
- June 22, 2017

The new 737 MAX 10 will have the same seating capacity of A321neo, up to 230 passengers, but will deliver five percent lower trip costs and five percent lower seat-mile costs. U.S. military equipment and personnel will take part in this year's International Paris Air Show, which started June 19 and runs through June 25 in Le Bourget, France, according to a U.S. (more...)
President Trump Calls House Health Care Bill 'Mean' President Trump Calls House Health Care Bill 'Mean'
- June 22, 2017

However, those negotiations are largely taking place behind closed doors. Trump's flip-flop didn't go without notice. For context on how weird that is, remember for a moment that Trump previously held a celebration in the Rose Garden after the bill passed. (more...)
Amazon To Acquire Whole Foods For $13.7 Billion
- June 22, 2017

Amazon has moved heavily into the grocery delivery business, offering food through its AmazonFresh service. " Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy", Amazon's founder and Chief Executive Officer Jeff Bezos said. (more...)
SpiceJet plans to purchase up to 50 Bombardier Q400s SpiceJet plans to purchase up to 50 Bombardier Q400s
- June 22, 2017

They have placed huge orders for meeting the growing demand in the coming years. "I think most people in our industry view this as an attack on innovation", said Fred Cromer , president of Bombardier Commercial Aircraft . SpiceJet has signed a memorandum of understanding (MoU) with the US-based aircraft company Boeing for the purchase of 20 new 737 MAX 10 planes and conversion of 20 of the 737 MAX 8 planes to 737 MAX 10s. (more...)
Trump set for victory lap at Iowa rally
- June 22, 2017

WASHINGTON (AP) - Struggling to advance his agenda in Washington, President Donald Trump looked to the Midwest on Wednesday in search of his supporters' warm embrace and to celebrate a Republican congressional victory in an election viewed as an early referendum on his presidency. (more...)
Chesapeake Energy Corp (NYSE:CHK) Chesapeake Energy Corp (NYSE:CHK)
- June 22, 2017

Cadence Capital Management LLC acquired a new stake in Chesapeake Energy during the fourth quarter worth approximately $444,000. State Street Corp boosted its stake in shares of Chesapeake Energy by 6.0% in the first quarter. Several research firms recently issued reports on CHK. Finally, Scotiabank reaffirmed a "hold" rating and set a $8.00 price objective on shares of Chesapeake Energy Corporation in a research report on Tuesday, March 14th. (more...)
Small food makers wonder about Amazon-Whole Foods impact Small food makers wonder about Amazon-Whole Foods impact
- June 22, 2017

Going further, in what seems like a nod to Whole Food's powerful brand, Amazon CEO Jeff Bezos praised the company's long history in the grocery business. "It's too early to talk about how benefits and compensation may synch up", Mackey said of the topic, after jesting that Whole Foods employees will get free Amazon devices on merger day. (more...)
Fastenal Company (FAST), Pennsylvania Real Estate Investment Trust (PEI)
- June 22, 2017

Manulife US Real Estate Investment Trust (BTOU.SI) now has a 14-day Commodity Channel Index (CCI) of -104.34. Pennsylvania Real Estate Investment (NYSE: PEI ) as of recent trade, has shown weekly downbeat performance of -6.61% which was maintained at 5.32% in 1-month period. (more...)
Company Watch: Stock Nearing 52-Week Low Sasol Limited (NYSE:SSL)
- June 22, 2017

Shares of Enable Midstream Partners, (NYSE: ENBL ) traded up 3.26% during trading on Friday, reaching $14.87. (NASDAQ:MPWR) has risen 53.09% since June 21, 2016 and is uptrending. Its down 0.86, from 1 in 2016Q3. Investors will be waiting to see if shares see a turnaround in the next few weeks. 64 funds opened positions while 140 raised stakes. (more...)
Oil prices climb off 10-month lows as US stockpiles drop Oil prices climb off 10-month lows as US stockpiles drop
- June 22, 2017

This, combined with the hostile political climate in North Africa and West Asia has threatened exports, causing the supply glut . The two most vulnerable OPEC nations are exempt from the cartel's supply quota deal with Russian Federation. (more...)
Back to back champs: Penguins beat Preds 2-0 for Stanley Cup Back to back champs: Penguins beat Preds 2-0 for Stanley Cup
- June 22, 2017

The Penguins captain has earned three Stanley Cups , two Olympic gold medals, a World Cup title, a world championship and world junior title. The Pittsburgh Penguins have achieved what few teams have before them, winning back to back Stanley Cups. (more...)
Amazon buying Whole Foods in bold move into brick and mortar Amazon buying Whole Foods in bold move into brick and mortar
- June 22, 2017

And because customers can buy foods and bulk items like toilet paper from a single retailer, discount retailers such as Costco , Target and Walmart should feel threatened, too. In order for Amazon to get the volume growth they are looking for, fresh foods has to be part of the equation. "That is the reality today at Amazon , and it will no doubt become the reality at Whole Foods ". (more...)
EQT Midstream Partners, LP (EQM) Downgraded to Hold at ValuEngine
- June 21, 2017

Finally, Stifel Nicolaus reissued a "hold" rating and set a $25.00 price objective (up previously from $23.00) on shares of Rice Midstream Partners in a research report on Monday, February 27th. PTXP's SI was 26,700 shares in June as released by FINRA. Canada Pension Plan Board reported 36,209 shares stake. Aberdeen Asset Management Pcl Uk accumulated 86,503 shares. (more...)
MSCI adds domestic Chinese stocks to global benchmark
- June 21, 2017

An inclusion into the MSCI index will be not just a milestone for China's capital market , a recognition of how much it has evolved, but also a significant boon for global investors. The first link with Shanghai started in late 2014. Yet, even in case of a positive outcome for all of the stocks eligible for inclusion, the Chinese A-share stocks will represent roughly 0.5% of the MSCI EM index and less than 2% of the MSCI China index . (more...)
Oil Glut Continue To Dampen OPEC Efforts Oil Glut Continue To Dampen OPEC Efforts
- June 21, 2017

As for the market , the fall in inventories is too slow to trigger a price response. "Unless we see a marked reduction in crude stockpiles, the possibility of further short term falls in the price of oil can not be ruled out". Data on June 16 showed a record 22nd consecutive week of increases in USA oil drilling rigs . Conditions are in place for an eventual short-covering rally but the rebound may not come until there are clear signs global stocks are falling and USA shale ... (more...)