Markets

East Coast faces gas shortages, price hikes after pipeline leak

Engineers with the company are also exploring alternatives, including building a temporary segment of pipeline around the leak site to allow the line to return to service as rapidly and safely as possible. East Coast. But pump prices could spike by as much as 15 cents per gallon or more in those three states, as well as North Carolina and Virginia, in the next week, and up to 20 cents per gallon in SC, according to GasBuddy .com analyst Patrick DeHaan. Read More

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USA bans using Galaxy Note7 phones on planes

USA bans using Galaxy Note7 phones on planes

Several Samsung Galaxy Note 7's lay on a counter in plastic bags after they were returned to a Best Buy on September 15, 2016 in Orem, Utah. In the United States, there have been 92 reports of batteries overheating, including 26 reports of burns and 55 reports of property damage, including fires in cars and a garage , the commission said in a notice. Read More

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Global Crude Oil Supply and Demand Could Balance in 2017

Global Crude Oil Supply and Demand Could Balance in 2017

US crude inventories dropped by 559,000 barrels in the week to September 9, defying analysts expectations of a crude build of 3.8 million barrels. "I think the oil market clearly overreacted to the products build data we had yesterday and that's indicative of today's price rebound", said Jay Hatfield, portfolio manager at New York-based InfraCap, which invests in equities of energy partnerships. Read More

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GM's All-Electric Chevy Bolt Aims To Topple Tesla

GM's All-Electric Chevy Bolt Aims To Topple Tesla

The estimate of 238 miles announced Tuesday leapfrogs the projected 215-mile range of Tesla's similarly priced Model 3, which is expected to reach the market about a year after the Bolt , in late 2017. I expect the Bolt to do fine in the marketplace, but I doubt it'll generate the excitement or sales numbers of Tesla's Model 3. Most drivers would qualify for a federal tax credit of up to $7,500, plus any state credits available to them, taking the price to about $30,000. Read More

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EU Economic Commissioner: It's

EU Economic Commissioner: It's "strange" that

They want to stop countries like Ireland luring business away from their European neighbours, by lowering their tax rates. "We are not a politicised commission we are a political commission with a political will, and this political will is clearly to fight tax evasion, tax fraud, and aggressive tax planning", he added. Read More

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Drones to deliver Chipotle burritos on college campus

Drones to deliver Chipotle burritos on college campus

Project Wing has previously delivered dog treats, radios, and chocolates at an Australian cattle ranch. Miller said Google considered all six test sites before deciding to go with Tech. But aside from the obvious awesome nature of the project, it also speaks to a huge milestone for companies hoping to tap into drone delivery services . Read More

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Ronaldo to play 1st match since injury in Euro 2016 final

Ronaldo to play 1st match since injury in Euro 2016 final

His replacement, Zinedine Zidane, went on to win the UEFA Champions League-but before those celebrations, there were plenty more frustrating days to witness, including against two of the promoted sides. Benitez and his team saw off Real Betis 5-0 shortly after, and Las Palmas were dispatched 3-1 before the year's end, but the former Liverpool manager was sacked shortly after. Read More

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Ford buys shuttle service as part of new mobility push

Ford buys shuttle service as part of new mobility push

Now, as pressure from competition in the transportation space mounts, Ford has started to do more than just talk about the future of mobility. By 2030, that number is expected to grow to 60 percent. Ford said it would partner with the company to create a San Francisco-based bike-sharing program to be called Ford GoBikes, with a goal to have 7,000 bicycles available in the Bay Area by the end of 2018. Read More

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Why HD Supply Was Pummeled After Earnings Report

Why HD Supply Was Pummeled After Earnings Report

The firm presently has an "outperform" rating on the stock. In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for HD Supply Holdings, Inc.as 2.03 Billion. The firm has a 50-day moving average of $35.94 and a 200-day moving average of $33.77. They now have a $43.00 price objective on the stock, down from their previous price objective of $49.00. Read More

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Mike Ashley blames unions and MPs for Sports Direct woes

However, the firm is expected to face concerted opposition from its shareholders at its annual meeting in Derbyshire today over working practices and corporate governance at the group. That sent the shares 9.5% lower to 316.6p. During a tour of the company's Shirebrook warehouse, Mr Ashley said he did not "knowingly" or "deliberately" run the operation badly, adding that the firm's rapid growth and the sheer scale of the business had made it hard to get it right. Read More

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ECB Rates On Hold As Draghi Sees Eurozone Economic 'Resilience'

ECB Rates On Hold As Draghi Sees Eurozone Economic 'Resilience'

The FTSE 100 has pared gains after the European Central Bank (ECB) disappointed investors hoping for more stimulus action. After 18 consecutive months of buying government bonds to pump up the economy and raise inflation, the European Central Bank's holdings hit a landmark 1 trillion euros last week - yet prices are seen rising a mere 0.2 percent this year, well below its target of near two percent. Read More

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RBA likely to hold rates until 2017

RBA likely to hold rates until 2017

The Australian dollar soared overnight, powered by the twin factors of broad based United States dollar weakness and, in all likelihood, speculation of another bumper Australian GDP report arriving later in the session. "Supervisory measures have strengthened lending standards in the housing market". Australia is also grappling with the developed-world quandary of weak inflation - partly a factor of the economy adjusting after the mining boom to regain competitiveness and partly ... Read More

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Investor Ackman feels like Mexican, buys 10 percent of Chipotle

Investor Ackman feels like Mexican, buys 10 percent of Chipotle

His hedge fund, Pershing Square, disclosed an option to buy almost 9.9% of Chipotle's market cap late Tuesday, and shares climbed almost 6% Wednesday on the news. Chipotle Mexican Grill makes up approx 0.05% of Teacher Retirement System Of Texas's portfolio.Concannon Wealth Management boosted its stake in CMG in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 550 shares of Chipotle Mexican Grill which is valued at $221,408. Read More

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Oil prices up in Asia on Russia-Saudi talks

Speculation has mounted in the past month that OPEC nations and Russian Federation may reach an agreement to freeze production when they hold informal talks in Algiers at the end of the month. USA crude for October delivery was up 73 cents at US$45.17 a barrel, after reaching a high of US$46.53 a barrel earlier. OPEC members failed to reach agreement on production freezes when they met earlier this year and as a result oil prices have remained at a sustained low level for the year to date. Read More

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EPA shuts down 17 wells in Osage Nation after Oklahoma quake

EPA shuts down 17 wells in Osage Nation after Oklahoma quake

Several producers, and now the U.S. Environmental Protection Agency, are facing lawsuits because of seismic activity allegedly linked to disposal wells in Oklahoma and other states. Fallin issued a declaration of emergency for Pawnee County to start the process of "helping individuals, families and businesses impacted by the earthquakes" and help them request any necessary assistance. Read More

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Hurricane weakens to Tropical Storm Hermine as it moves through Georgia

Hurricane weakens to Tropical Storm Hermine as it moves through Georgia

Last night, his wife Shawna gave birth to their baby girl in a Tallahassee hospital. "I've never seen it this high, it's pretty damn insane", Chason said. At 11 a.m. Friday, the National Weather Service issued a Tropical Storm Watch for Long Island. In Wakulla County, south of Tallahassee, a couple suffered minor injuries during the storm when they drove into a tree that had fallen in the road, County Administrator Dustin Hinkel said early Friday. Read More

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Can New OPEC Oil Talks Succeed?

Can New OPEC Oil Talks Succeed?

The glut forced onto the market by Saudi Arabia led to oil prices cascading below the $30 per barrel mark in February effectively bankrupting the USA shale oil industry which is not supported by state subsidies to the same degree as foreign oil producers. Read More

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Strike by 10 trade unions to hit banking, transport tomorrow

Strike by 10 trade unions to hit banking, transport tomorrow

While railways will not be affected as the employees have not said that they're joining in, banks, factories, insurance companies and many government offices will likely be closed. "The Union Government's minimum wage announcement is completely inadequate". Cinema theatres too have made a decision to cancel morning and matinee shows with workers serving strike notice. Read More

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Here's what Elon Musk had to say about this morning's SpaceX explosion

A video of the explosion shows a fireball enveloping the top of the rocket. SpaceX is trying to change the economics of space flight by developing rockets that land upright after launch and can then be reused. Kennedy Space Center's Emergency Operations Center personnel were monitoring the situation and standing by to assist if required, and the environmental health office was monitoring air quality to ensure it is safe for employees, said spokesman Mike Curie. Read More

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Cyber security firm Palo Alto's quarterly revenue jumps 41 percent

Cyber security firm Palo Alto's quarterly revenue jumps 41 percent

The stock was sold at an average price of $127.10, for a total value of $559,748.40. Following the completion of the sale, the chief executive officer now owns 633,130 shares of the company's stock, valued at $87,644,185.90. Palo Alto Networks (PANW) revealed its earnings results on Tuesday, August 30th. In Palo Alto Networks Inc (NYSE:PANW) latest quarter ended on 30 April 2016, company announced earnings of $0.42. Read More

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Abercrombie Misses On Second Quarter Earnings

Abercrombie Misses On Second Quarter Earnings

The results for the quarter reflect an adverse impact related to year-over-year changes in foreign currency exchange rates of approximately $0.08 per diluted share. The stock has a 50-day moving average price of $20.92 and a 200 day moving average price of $24.32. The company's Hollister label is in the process of remodeling its fleet, which has led to double-digit increases in sales and traffic, management said. Read More

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