January 10, 2017: Markets opened mixed again Tuesday as the blue chips got off to a slow start. The DJIA peake in the middle of the day and slid back into the red with about an hour left this afternoon. The Nasdaq even posted another all-time high at 5,564.25 early this afternoon. Healthcare and financials were leading sectors while real-estate and energy lagged. WTI crude oil for February delivery....More>>>
Oil futures set off on a positive start Monday as the first decline in U.S. oil-drilling activity since January gave the market a fresh tailwind after seven-consecutive sessions of price gains.
The drop in Baker Hughes weekly count, coming after a record 23-straight weeks of rising numbers of active rigs, helped stoke sentiment that shale producers may have hit a bottleneck amid prolonged....More>>>
Thieves used the international payment system SWIFT to steal $6 million from a Russian bank last year.
The attack on the unnamed bank, which Russia’s central bank described as successful, is the latest in a series of thefts that have exploited SWIFT.
“The SWIFT payment system was used exclusively as a channel to withdraw the stolen funds,” the central bank said....More>>>
Wall Street, the alleged culprit of the financial meltdown that started eight years ago, has become the whipping boy for the 2016 presidential race. Does the intense animosity of Bernie Sanders, Hillary Clinton and Donald Trump explain the dive in the share prices of investment banks, private-equity firms and managers of hedge funds?
See Also: How the Presidential Election Will Affect the....More>>>
The U.S. dollar was little changed late Thursday as traders assessed volatility in equity markets and new trade tariffs targeting China.
In the U.K., the Bank of England earlier left rates unchanged, but its comments on improving wage growth led the British pound to briefly spike against the dollar.
What are currencies doing?
The ICE U.S. Dollar Index
May 3, 2018: Markets opened lower again Thursday but much of the early loss was recovered and it looks like equities will end the day right around the break-even line. Traders are paying attention to U.S. trade talks with China, possible inflation, bond rates, the nuclear agreement with Iran, and earnings. With so much going on it’s not hard to see why markets are reluctant to plot a course....More>>>
A little while back, Qualcomm (NASDAQ:QCOM) formally announced its latest premium smartphone platform, known as the Snapdragon 835. The Snapdragon 835 offers performance, power, and feature improvements over the company’s prior-generation Snapdragon 820/821 processors by both architectural enhancements as well as a transition to Samsung’s (NASDAQOTH:SSNLF) 10-nanometer LPE manufacturing....More>>>
By Charles Kennedy
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.
According to Clipper Data market intelligence cited by the Financial Times, we’ve seen a 5 percent decline in U.S. crude oil export....More>>>
Sanchez Energy (SN) tumbled on Wednesday despite a decent day for upstream oil companies in general, as it reported Q2 2017 production results. Sanchez indicated that it is reducing its 2018 capital expenditure budget by $75 million to $100 million and also provided second half guidance that indicates that 2017 production may average 10,000 BOEPD less than previously expected.
Enbridge (NYSE:ENB) annouced in 2016 that it would buy Spectra Energy (NYSE:SE) for nearly $28 billion dollars. The deal has yet to close, but is projected to close some time this quarter, likely towards the end of it in March. A few months ago, I wrote about my opinion on the acquisition, particularly as it related to how good of a deal Spectra shareholders received. This acquisition creates the....More>>>