- 2019-04-20 00:31:22Z
Gulf Coast refiners are having trouble swallowing up all of the ultralight oil coming out of the Permian. The Permian continues to add production, even as drilling activity slows down in Texas and elsewhere. According to the EIA, the Permian could add another 42,000 barrels per day in May, with output now well above 4 million barrels per day (mb/d).
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For Lyft Inc., whose stock has tumbled sharply since its March 28 launch, it took less than three weeks for disillusioned shareholders to sue the company over claims they were taken for a ride. Such lawsuits are a rite of passage for newly public companies, and have become even more common after the 2008 financial crisis, according to Cornerstone Research. Lyft was accused in two nearly identical complaints filed April 16 of exaggerating in its prospectus when it said its U.S. market share was 39 percent.
LONDON (AP) - Police in Northern Ireland on Saturday arrested two teenagers in connection with the fatal shooting of a journalist during rioting in the city of Londonderry.
Seagram liquor heiress Clare Bronfman pleaded guilty on Friday to harboring an illegal immigrant and enabling credit card fraud as part of an alleged sex cult based in upstate New York. Bronfman, 40, entered her plea to the two criminal counts before U.S. District Judge Nicholas Garaufis in federal
In an interview with Gerry Baker on Fox Business Network's "WSJ at Large," Cardinal Timothy Dolan, the Roman Catholic Archbishop of New York, spoke about one of the reasons people are drifting away from the church.
An heiress pleaded guilty on Friday in a sensational case accusing a cult-like upstate New York group of creating a secret harem of sex slaves for the group's self-anointed spiritual leader. Clare Bronfman admitted in her plea in federal court in Brooklyn that she harbored someone who was living
Director terms will be cut to two years from three, allowing shareholders to vote on the board's performance with greater frequency, according to a proxy filed Friday. Directors Brad Buss, former chief financial officer of Solarcity Corp., and Linda Johnson Rice, chief executive officer of Johnson Publishing Co., won't seek re-election when their terms expire at the June 11 annual shareholder meeting. If shareholders vote to reduce director terms to two years, venture capitalist Stephen Jurvetson -- who returned from an extended leave of absence this month -- has indicated he would not seek re-election in 2020.
Former FBI assistant director Bill Gavin gives his thoughts on the redacted version of Special Counsel Robert Mueller's Russia report.
The recovery in crypto prices has led to an increase in over-the-counter (OTC) demand for Bitcoin and altcoins. Anonymous sources told Bloomberg that the United States Commodity Futures Trading Commission (CFTC) is reluctant to approve the Bitcoin futures because Bakkt intends to hold user assets.
By CCN: Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen. Facebook & Telegram Could Fuel Rabid Crypto Expansion
About 3% of American retirees claimed to own some bitcoin (BTC) in a new survey released by precious metals-focused magazine Gold IRA Guide on April 17. In April, Gold IRA Guide conducted a survey asking 1,000 American retirees over 50 years old about their thoughts on investing in major cryptocurrency
In our series My 6-Figure Paycheck, women making more than $100,000 open up about how they got there and what exactly they do. We take a closer look at what it feels like to be a woman making six figures - when only 5% of American women make that much, according to the U.S. Census - w ith the hope it will give women insight into how to better navigate their own career and salary trajectories. Job: Physician Assistant in Community Mental Health Age: 26 Location: Yakima, WA Degree: Bachelor of Science in Biology, Master of Physician Assistant Studies First salary: $31,000 Current Salary: $107,000 As a kid, what did you want to be when you grew up?
The S&P 500 went back and forth during the course of the week, essentially deciding to form a neutral candle by the time we closed at the end of Thursday. The market sees a lot of resistance all the way to the 2940 handle, so keep in mind that we could very well get a bit of a pullback. Beyond that, the market is dealing with earnings season which of course can move the S&P 500 rather erratically, so it'll be interesting to see what happens next.
The British pound initially tried to rally during the week but then fell hard to crashing into the 1.30 level. If we break down below the 1.2950 level, then the market will very likely reach down towards the 100% Fibonacci retracement level which is basically the 1.28 handle, and then down to the 1.27 level. Looking at the charts, we have been falling rather steadily, and at this point it makes sense that we drift a bit lower because the Brexit, although delayed by six months, but still going to be a bit of an issue and as we have a lack of clarity in that scenario, and a lack of hustle when it comes to fixing it, it's very likely that we will simply see the British pound drift lower, not...
The S&P 500 fell slightly during the Thursday session and then turned around to recover the losses. Obviously with Friday being Good Friday, the underlying index wasn't trading.
Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said. Payment would protect U.S. refiner Citgo, PDVSA's crown jewel overseas asset, from potential seizure by creditors. Alejandro Grisanti, an economist appointed to the ad-hoc PDVSA board by the National Assembly last week, said the board was "sparing no effort" to make the payment on PDVSA's 2020 bond, which is backed by half the shares in Cigto.
Target Recalls Nearly 500,000 Toys
Police in Northern Ireland said Friday they are searching for multiple suspects in the fatal shooting of a journalist during overnight rioting in the city of Londonderry. The Police Service of Northern Ireland said 29-year-old journalist and author Lyra McKee was shot and killed, probably by a stray
Three months ago, this flu season was shaping up to be short and mild in the U.S. But a surprising second viral wave has made it the longest in 10 years. This flu season has been officially going for 21 weeks, according to reports collected through last week and released Friday by the Centers for Disease
As more and more investors and analysts predict an imminent market downturn, here are three defensive stocks to consider.
Samsung's Galaxy Fold is a remarkable phone that shows what future foldable devices will eventually be like, allowing you to unfold your phone into a tablet, but this $2,000 phone broke after two days of testing.
Helen of Troy (HELE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended February 2019. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 26. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Wall Street expects a year-over-year increase in earnings on lower revenues when Hill-Rom (HRC) reports results for the quarter ended March 2019. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 26. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Starbucks (SBUX), which belongs to the Zacks Retail - Restaurants industry, could be a great candidate to consider. This coffee chain has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Paypal (PYPL), which belongs to the Zacks Internet - Software industry, could be a great candidate to consider. This technology platform and digital payments company has an established record of topping earnings estimates, especially when looking at the previous two reports.
"Many women simply aren't cut out for the corporate rat race, so to speak, and that's not because of 'the patriarchy,'" a Microsoft employee wrote.
Brazil's biggest private sector lender Itaú Unibanco Holding SA said its card processor unit Rede will continue to be profitable despite a decision to stop charging interest rates and repaying merchants using its machines in two days, a bank executive said on Thursday evening. Rede CEO Marcos Magalhães told Reuters Itaú decided to advance payments to merchants in as little as two days, compared with the usual 30-day period, in order to close the gap with international practices. The decision is effective May 2 and includes zeroing interest rates.
Israeli cryptocurrency developer KZen has raised $4 million from backers including South Korean electronics giant Samsung, industry news outlet The Block reported on April 17. The company's product, smartphone wallet app ZenGo - currently in beta phase testing - aims to simplify custodial wallet usage
Fortinet is one of 641 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
Products sector have probably already heard of Lantheus Holdings (LNTH) and Coloplast A/S (CLPBY). The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Currently, Patrick Industries has a Zacks Rank of #2 (Buy), while Masco has a Zacks Rank of #4 (Sell). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that PATK has an improving earnings outlook.
Sometimes you have to act while the iron's hot, and that's the case with these three big-name dividend payers right now.
US-EU trade conflict However, a new trade conflict between the United States and the European Union is emerging following the World Trade Organization rulings against Boeing and Airbus. According to the WTO, both companies have been receiving illegal public support. First, the US threatened the EU to impose sanctions, and now the European Commission is doing the same.
A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. PNM Resources in Focus Headquartered in Albuquerque, PNM Resources (PNM) is a Utilities stock that has seen a price change of 8.66% so far this year.
A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns. Union Bankshares in Focus Headquartered in Richmond, Union Bankshares (UBSH) is a Finance stock that has seen a price change of 25.01% so far this year.
U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates. Some of the weakness in homebuilding reported by the Commerce Department on Friday
Eric Yuan started Zoom in 2011 after helping build WebEx, which Cisco bought for $3.2 billion. After Thursday's market debut, Yuan's stake in Zoom is worth $2.9 billion. In 2018, he was named Glassdoor's big company CEO of the year, with a 99% approval rating from employees.
Happy Easter and chag sameach, everybody. (Although if your mom no longer lets you put out an Easter basket, "happy" may not be the right word.)But, just like any other holiday weekend, there is literally nothing stopping you from giving a gift to yourself. We scoured Amazon and Walmart to
Technical Analysis: Look For Stocks With Strong Fundamentals Setting Up In Bases
I have an extra $750 per month right now, and I'm trying to decide whether to pay more on my mortgage or invest more for retirement. I can afford to have a mortgage for the first few years of retirement, but I'd rather not have that payment. What do you think I should do?
EURUSD Most of the financial markets are closed on Friday due to the Catholic Easter but the foreign exchange market is open. EURUSD received a powerful blow on Thursday after disappointing data on business activity in the Eurozone, dropping to 1.1230. On Friday morning, the pair is sluggishly recovering, rising to the area of 1.1250.
The joint venture, Huaxintong Semiconductor (HXT), was formed in 2016 for the design, development and sale of advanced server technology. Executives at the venture said in internal meetings on Thursday that it would close by April 30, The Information said, adding that Qualcomm and Guizhou province had
The different types of savings bonds There are currently two types of U.S. savings bonds available for purchase: Series EE and Series I. A third type, Series HH, is no longer sold but can still be redeemed. Series EE U.S. savings bonds are also known as "patriot bonds." You purchase these savings bonds at their face value.
Today is Good Friday 2019 (April 19). You may be wondering if schools and banks are open or closed, or about post office hours.
An impressive number in just a few months.
MOSCOW (Reuters) - The Kremlin said on Friday U.S. Special Counsel Robert Mueller's long-awaited report did not contain any evidence the Russian state had meddled in the 2016 U.S. presidential election. ...
Learn what works - and what doesn't - for retirement strategies.
TOKYO (AP) - Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.