Money

Author: 0 US oil production seen thwarting OPEC effort to boost prices

Opec's production curbs should succeed in reducing global oil inventories over the second half of the year, Spencer Dale, BP's chief economist, believes. "They're making a lot of headlines about reducing supplies but that's also right in their seasonal pattern of lowering exports in July, August because of domestic needs", he said.

Money Fed Raises Key Interest Rate For 4th Time Since 2015
Author: 0 Fed Raises Key Interest Rate For 4th Time Since 2015

The Feds decision to raise rates, announced in a statement after its latest policy meeting, was approved on an 8-1 vote with Neel Kashkari, head of the Feds Minneapolis regional bank, dissenting in favor of holding rates unchanged. That rate is closely tied to interest rates on mortgages and other kinds of loans. The Fed's revised forecasts reduced its estimate for unemployment by year's end to 4.3 per cent from a March projection of 4.5 per cent.

Author: 0 Oil dips on concern over rising U.S. output, OPEC tensions

However, last night's data from the American Petroleum Institute (API) said U.S. inventories fell by 4.6m barrels last week, beating analysts' expectations. USA production has stayed above the 9.3 million barrels a day level for four weeks. The faster than expected increase in gasoline inventories surprised investors, as the summer months are traditionally associated with the start of the USA summer driving season, which usually spurs heavier refining activity.

Money Amazon Prime Reload rewards customers for buying with gift card balance
Author: 0 Amazon Prime Reload rewards customers for buying with gift card balance

Amazon has launched a new perk for those loyal and spendy ~ Amazon PrimAmazon Prime subscribers it wants to encourage to spend more. You could get more rewards with the right card . The company effectively becomes your secondary bank, providing instant 2 percent interest every time you make a deposit (i.e. "reload"). Amazon said this is a "limited time offer ", so take advantage of it while you can.

Author: 0 British inflation rate rises to 4-year high of 2.9 pct

Investors were still expecting the Federal Open Markets Committee to increase USA overnight interest rates later on Wednesday at the conclusion of its June policy meeting. Gasoline stations saw sales fall 2.4%, the biggest dip since February of a year ago. Those forecasts are far below the 3 percent annual growth the Trump administration has said it can achieve through tax cuts, deregulation and tougher enforcement of trade rules to protect American jobs.

Author: 0 Bullish Two Hundred Day Moving Average Cross - CBT

Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company's stock valued at $630,336,000 after buying an additional 6,657,156 shares in the last quarter. Analyst mean recommendation rating on a stock by the analyst community is at 2.20. Drexel Hamilton initiated the stock with "Buy" rating in Thursday, February 18 report.

Money Text of the Fed's statement after its meeting Wednesday
Author: 0 Text of the Fed's statement after its meeting Wednesday

Policy makers also issued forecasts showing another three quarter-point rate increases in 2018, similar to the previous projections in March . Should the Fed keep pushing up short-term policy rates, they risk creating a "yield curve inversion" - where short-term rates are higher than long-term ones, which is a key indication of a pending recession.

Author: 0 OPEC Crude Production Rises Led by Countries Exempt From Cuts

U.S. West Texas Intermediate (WTI) crude futures were at $49.47 per barrel down 19 cents, or 0.4 percent, from their last settlement. But oil markets were offered some support by official data that showed crude inventories in the United States, the world's top oil consumer, fell sharply last week as refining and exports surged to record highs.

Money Murphy Oil Corporation (MUR) Position Lowered by Axa
Author: 0 Murphy Oil Corporation (MUR) Position Lowered by Axa

Johnson Group Inc invested in 0% or 1,059 shares. The Bancorpsouth Inc holds 4.24M shares with $132.00 million value, down from 4.27 million last quarter. In this case, MRO has a stochastic reading of 12.23%. Perennial Advisors LLC acquired a new stake in shares of Marathon Petroleum Corporation during the fourth quarter valued at approximately $101,000.

Money Bill Cosby 'in good spirits' as he awaits trial verdict
Author: 0 Bill Cosby 'in good spirits' as he awaits trial verdict

But the defense team called just one witness to the stand and rested their case in just a handful of minutes. Constand testified last week that Cosby gave her a substance that incapacitated her and then he sexually assaulted her. He said he was content with the "petting" and touching the two had taken part in; on one occasion, when he was kissing her breasts, she said stop and he immediately complied.

Money Stocks, dollar firm ahead of Fed decision
Author: 0 Stocks, dollar firm ahead of Fed decision

The Fed raised the short-term rate it controls to a range of 1 percent to 1.25 percent, the second hike this year and the third in six months. Inflation has been more problematic, having long stayed below the central bank's 2 percent target rate.

Author: 0 Frosh joins DC in suing Trump over foreign payments

Maryland Attorney General Brian Frosh (left) and District of Columbia Attorney General Karl Racine announce a lawsuit against President Trump over conflicts of interest with his businesses on Monday in Washington . Frosh of Maryland and Karl A. Racine of Washington , DC, filed the lawsuit in US District Court in Maryland. These two Democratic attorney generals are like leaders who take the first step against Trump's policies, successfully blocking executive orders ...

Money Theresa May warned: You will never lead Tories into another general election
Author: 0 Theresa May warned: You will never lead Tories into another general election

Mr. Osborne, who is now a newspaper editor, predicted that her future could be decided as soon as next week. However, who could possibly replace her? Others also said how could he possibly be a responsible MP for Tatton in Cheshire and concentrate on his other jobs; at the time though he said he could juggle all the jobs and give them his maximum attention.

Author: 0 Deutsche Bank to Pay $170 Million to Settle Investor Euribor Lawsuit

Dimensional Fund Advisors LP increased its position in shares of Deutsche Bank AG by 26.3% in the fourth quarter. Punch & Associates Investment Management Inc. The company has a 50-day moving average price of €16.62 and a 200 day moving average price of €16.03. For the Current Quarter, the growth estimate for Deutsche Bank AG is -15.6%, while for the Next Quarter the stock growth estimate is -38.2%.

Author: 0 United States student released in North Korea

Warmbier was sentenced in March 2016 after a televised tearful public confession to trying to steal a propaganda banner. In a tearful statement made before his trial, Warmbier told a gathering of reporters in Pyongyang he was offered a used auto worth $10,000 if he could get a propaganda banner and was also told that if he was detained and didn't return, $200,000 would be paid to his mother in the form of a charitable donation.

Author: 0 Jailed US student released in North Korea

When asked if he would bring up the cases of Warmbier and three other Americans detained in North Korea, Rodman told reporters, "that's not my goal right now". Secretary of State Rex Tillerson said his agency had "secured" the 22-year-old's release in talks with North Korea and is pushing for three more Americans to be freed.

Money Highlighting Shares of QTS Realty Trust, Inc. (NYSE:QTS)
Author: 0 Highlighting Shares of QTS Realty Trust, Inc. (NYSE:QTS)

When there are more buyers than sellers, the stock price will rise because of the increased demand. It has underperformed by 2.90% the S&P500. Tiaa Cref Trust Company Fsb increased its stake in Kinder Morgan Inc (KMI) by 5.14% based on its latest 2016Q4 regulatory filing with the SEC.

Money Trump Jr. tweets: Jeff Sessions 'crushed it' in opening statement
Author: 0 Trump Jr. tweets: Jeff Sessions 'crushed it' in opening statement

So, in the midst of all this, Sessions insists he could still properly recommend Comey's firing. But Republicans often came to Sessions' defense, reiterating that Comey's firing had to do with his handling of the Hillary Clinton email probe, not Russian Federation, and calling attention to illegal information leaks within the government.

Author: 0 Postecoglou: Brazil loss can inspire Socceroos

Mile Jedinak has scored 15 goals, mostly from the penalty spot, for Australia. Australia, who face Germany in Group B of the Confederations Cup on Monday, had entered the stadium with cautious optimism after last week's home win over Saudi Arabia re-ignited their hopes of a fourth successive World Cup appearance.

Author: 0 House GOP backs bill to undo much of Dodd-Frank

The CHOICE Act would shield some financial institutions from Dodd-Frank restrictions that limit risk-taking - which was a major factor in the mortgage industry collapse that preceded the financial crisis and Great Recession. H.R. 10, the Financial CHOICE Act of 2017, passed the House by a vote of 233-185. Some provisions of the bill - such as proposed regularly relief measures for small banks and lenders - have a shot of gaining traction in a Senate version of the bill.

Money Rosenstein says he's seen no good cause to fire Mueller
Author: 0 Rosenstein says he's seen no good cause to fire Mueller

The comments come amid increasing frustration at the White House and among Trump supporters that the investigation will overshadow the president's agenda for months to come - a prospect that has Democrats salivating. A person familiar with Trump's thinking said Tuesday that it is "unlikely" he will fire Mueller, but acknowledged that it is often hard to predict Trump's behavior.

Author: 0 Trump's first press conference since Comey hearing

He said he would be happy to speak to special counsel Robert Mueller, who is investigating allegations that Russian Federation interfered with the 2016 United States presidential election and colluded with Trump's campaign."I would be glad to tell him exactly what I just told you", Trump told a reporter.

Money Man United makes important offer for Real Madrid striker
Author: 0 Man United makes important offer for Real Madrid striker

According to the Spanish publication Marca , United manager Jose Mourinho has personally spoken to Morata and has convinced the striker to join him at Old Trafford. Lopez said: "They are a club with great glamour, a very interesting option". When asked by Calciomercato if Morata had already agreed to a deal, Lopez said: "I can say there's a very important proposal and the decision rests with Real".

Author: 0 Why Jeff Sessions says he can't talk

This is incredibly revealing - the fact that Sessions , who was a sitting USA senator on the Senate Armed Services Committee at the time , met several times with the Russian ambassador yet apparently didn't choose to discuss some of the most critical foreign policy issues between the two countries is astounding.

Author: 0 Maryland, DC attorneys general sue Trump over business ties

Citizens for Responsibility and Ethics in Washington , a watchdog group, has an emoluments lawsuit pending against Trump in Manhattan, and the group's lawyers are serving as unpaid outside counsel in the case brought by Frosh and Racine. CREW is outside counsel on the new lawsuit filed by the attorneys general. The lawsuit also alleged Trump benefits from foreign distribution payments for his The Apprentice reality TV show and generally from the worldwide real estate projects of the ...