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Oil and Gas News

FDA approves better vaccine against painful shingles virus

FDA approves better vaccine against painful shingles virusU.S. regulators have approved a new, more effective vaccine to prevent painful shingles, which is caused by the chickenpox virus.


Posted on 20 October 2017 | 11:51 pm

Charges, insults fly after Trump aide assails congresswoman

Charges, insults fly after Trump aide assails congresswomanThe White House on Friday rushed to defend chief of staff John Kelly after he mischaracterized the remarks of a Democratic congresswoman and called her an "empty barrel" making noise. A Trump ...


Posted on 20 October 2017 | 10:51 pm

Sebastian Gorka to North Korea: Do not test Trump

Sebastian Gorka to North Korea: Do not test TrumpMake America Great Again Coalition’s Sebastian Gorka says if North Korea’s nuclear threats are factual, the U.S. will have to take action.


Posted on 20 October 2017 | 9:25 pm

Mariano Rivera's advice for athletes: 'That money will never come back'

Mariano Rivera's advice for athletes: 'That money will never come back'As the Yankees continue into the 2017 playoffs, Yankees legend Mariano Rivera talks athlete investing, cars, community service, and Derek Jeter.


Posted on 20 October 2017 | 9:24 pm

US Senate chops key obstacle to Trump tax reforms 

US Senate chops key obstacle to Trump tax reforms A key hurdle to Donald Trump’s tax reforms has been eliminated, as last night’s US Senate vote in favour of a 2018 budget resolution means the president will only need a simple majority of 51 senators, rather than 60, to pass his tax cuts. As a result he will not necessarily need to seek the support of Democratic legislators, assuming he can convince sufficient Republicans to back him. A major programme of tax cuts was key to the president’s election campaign, with pledges to slash income and business taxes, as well as cutting some of the deductions and loopholes which complicate the system. Great news on the 2018 budget @SenateMajLdr McConnell - first step toward delivering MASSIVE tax cuts for the American people! #TaxReformpic.twitter.com/aBzQR7KR0c— Donald J. Trump (@realDonaldTrump) October 20, 2017 The latest budget bill opened the way for tax cuts of $1.5 trillion (£1.1 trillion) over 10 years, and also allows for extra spending in areas such as defence. Stocks climbed modestly with the S&P 500 and the Dow Jones Industrial Average both closing up over 0.5pc, and gold sliding 0.6pc. Treasury yields climbed to a nine-year high while the move also raised expectations of further interest rate hikes from the Federal Reserve. Analysts believe the move should support stocks over the coming months - but those hoping for rapid progress on the tax plans may be disappointed. “Overhauling the tax code and cutting taxes significantly, as planned by the president, is a very complex process and it will be no easy task for the administration to please all sides and get enough support for the final tax bill to be passed,” said Brian Davidson at Fathom Consulting. “We believe that large corporate tax cuts will eventually be enacted, but this is more likely to happen in the first or second quarter next year, and not later this year as the administration hopes.” For markets “the upshot is that we expect the so-called 'Trump trade' to come back to life as tax reform progresses, although it may be a bumpy ride as delays occur and divisions between Republicans are made public,” he said. Mr Trump has pinned his hopes on tax cuts and spending hikes creating a substantial economic boost, with the result that tax revenues ultimately rise sufficiently to limit extra borrowing. White House announces Trump's proposed tax overhaul 02:04 Economists remain sceptical of the proposals, however, and some Republicans are also keen to avoid a large increase in borrowing - meaning the president can expect some tough negotiations with his own party. Meanwhile reports indicate that Jerome Powell, a governor at the Federal Reserve, is now the favourite candidate to replace Janet Yellen at the top of the central bank. Ms Yellen had been considered a shoo-in by markets as unemployment is low and inflation under control, while she is very gradually pushing interest rates upwards from the emergency levels introduced in the wake of the financial crisis. But in August she criticised the president’s plans to roll back the banking regulations introduced since the credit crunch and this is thought to have damaged her chance of being re-appointed when her term of office expires in February. Gary Cohn, chief economic adviser at the White House, was another leading contender. But he criticised Mr Trump’s reaction to the Charlottesville protests, undermining his chances of taking the role. Mr Cohn is also keen to push through major tax reforms, giving him an incentive to remain in his current role.


Posted on 20 October 2017 | 8:32 pm

Somalia's death toll now at 358 as 'state of war' planned

Somalia's death toll now at 358 as 'state of war' plannedThousands of anguished Somalis gathered to pray Friday at the site of the country's deadliest attack, while the toll rose to 358 and dozens remained missing. Somalia's president will announce a "state ...


Posted on 20 October 2017 | 8:10 pm

Bank of America Is Continuing to Slash Expenses

Bank of America Is Continuing to Slash ExpensesThe nation’s second biggest bank is on track to reach another expense milestone.


Posted on 20 October 2017 | 6:24 pm

Chipotle’s New Menu Item Could Create a Worse Queso Scenario

Chipotle’s New Menu Item Could Create a Worse Queso ScenarioThings could get messy.


Posted on 20 October 2017 | 6:06 pm

Gillette weakens P&G report after Peltz row

Gillette weakens P&G report after Peltz rowProcter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. P&G, which spent millions battling Peltz's charges of bureaucratic and ineffective management, reported higher sales of beauty and home care products. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69 billion and driving shares 3.5 percent lower in afternoon trading in New York.


Posted on 20 October 2017 | 4:24 pm

What's in Store for Realty Income (O) This Earnings Season?

What's in Store for Realty Income (O) This Earnings Season?Realty Income (O) will likely gain from focus on tenants belonging to service, non-discretionary and low-price retail business. However, choppy Q3 retail real estate market may limit growth momentum.


Posted on 20 October 2017 | 4:13 pm

Kobe Bryant breaks down his plan to make BODYARMOR the No...

Kobe Bryant breaks down his plan to make BODYARMOR the No...CNBC’s Eric Chemi catches up with five-time NBA champ Kobe Bryant on his investment in sports drink company BODYARMOR, his business idols and his views on innovation.


Posted on 20 October 2017 | 4:07 pm

2017 Porsche 718 Cayman S Drivers' Notes | Simple, lightweight fun

2017 Porsche 718 Cayman S Drivers' Notes | Simple, lightweight funThe 718 Cayman S now uses a turbocharged flat-four.


Posted on 20 October 2017 | 4:00 pm

Philip Morris International Inc. Is a Smoking Deal — Go Long!

Philip Morris International Inc. Is a Smoking Deal — Go Long!Philip Morris International Inc. (NYSE:PM) reported earnings yesterday and Wall Street hated it. The stock fell 4%, and what made matters worse is that yesterday we also had a market-wide tizzy that exaggerated the negative reaction in PM stock.Source: Taber Andrew Bain Via Flickr


Posted on 20 October 2017 | 3:52 pm

Students support Trump's tax plan when told it’s Bernie Sanders’

Students support Trump's tax plan when told it’s Bernie Sanders’Cabot Phillips of Campus Reform discusses what college students said about President Trump’s tax plan when they were told it was Bernie Sanders’.


Posted on 20 October 2017 | 3:42 pm

Cramer: GE's earnings are a 'disgrace' but bet on new CEO to turn things around

Cramer: GE's earnings are a 'disgrace' but bet on new CEO to turn things aroundGeneral Electric's quarterly earnings report is not a reflection of new CEO John Flannery, Jim Cramer says.


Posted on 20 October 2017 | 3:02 pm

Apple will have only shipped 3 million iPhone X units when it launches — good luck finding one (AAPL)

Apple will have only shipped 3 million iPhone X units when it launches — good luck finding one (AAPL)Apple will only be able to ship between 2-3 million iPhone X units before launch, says KGI Securities analyst Ming-Chi Kuo. If true, this means there will not be many iPhone X units in any individual market because it is launching in 57 countries and territories. For Apple fans, this means that it's going to be especially difficult to get one on the first few days it's available.


Posted on 20 October 2017 | 2:42 pm

What's in Store for Advanced Micro (AMD) in Q3 Earnings?

What's in Store for Advanced Micro (AMD) in Q3 Earnings?Advanced Micro's (AMD) third-quarter 2017 results are likely to benefit from product launches.


Posted on 20 October 2017 | 2:33 pm

The last Holden: GM closes plant, ends Australia auto production

The last Holden: GM closes plant, ends Australia auto productionAustralia's near 100-year automotive industry ended on Friday as Holden, a unit of General Motors, closed its plant in South Australia to move manufacturing to cheaper locations. The closure comes a year after Toyota and Ford similarly moved out, eliminating thousands of manufacturing jobs. "The end of Holden making cars in Australia is a very sad day for the workers and for every Australian.


Posted on 20 October 2017 | 2:30 pm

Catch This Falling Knife — Go Long Celgene Corporation

Catch This Falling Knife — Go Long Celgene CorporationLast night, Celgene Corporation (NASDAQ:CELG) released a headline that they canceled phase three for their potential solution to Crohn’s disease. The stock is now trading down 10%. This means that it would now be down 16% since early October.Source: Wikimedia (Modified)


Posted on 20 October 2017 | 2:24 pm

Will Ford Motor Company Stock Catch Up to General Motors?

Will Ford Motor Company Stock Catch Up to General Motors?Shares of Ford Motor Company (NYSE:F) struggled Wednesday and closed down about 65 basis points, likely thanks to a new recall. General Motors Company (NYSE:GM) is up an impressive 12% this month, and that’s after falling over the last few sessions. Some 1.3 million Ford F-150 trucks are affected by this door latch recall.


Posted on 20 October 2017 | 2:15 pm

Analyst says Chipotle cheese dip is flopping in note titled 'Worst queso scenario'

Analyst says Chipotle cheese dip is flopping in note titled 'Worst queso scenario'Chipotle Mexican Grill’s new “queso” cheese topping pictured in San Francisco, California, U.S. September 18, 2017. The restaurant sector analysts at RBC Capital have cut their price target for Chipotle Mexican Grill (CMG) to $330 from $400. Palmer says that Chipotle’s new queso, which launched on Sept. 12, has been disappointing.


Posted on 20 October 2017 | 1:50 pm

Corning's (GLW) Q3 Earnings to Gain From Strong Fiber Demand

Corning's (GLW) Q3 Earnings to Gain From Strong Fiber DemandCorning's (GLW) third-quarter results to be driven by strong demand for fiber products and Gorilla Glass 5.


Posted on 20 October 2017 | 1:50 pm

Charter Communications to Enter Wireless Market in 2018

Charter Communications to Enter Wireless Market in 2018In February 2017, Charter Communications Inc. (CHTR) announced that it will be launching experimental field trials of the upcoming 5G wireless network.


Posted on 20 October 2017 | 1:46 pm

GE Badly Misses Q3 Earnings, Lowers View & Defers Dividend

GE Badly Misses Q3 Earnings, Lowers View & Defers DividendDespite stringent cost-cutting and simplification initiatives, General Electric (GE) recorded lower margins in the reported quarter due to headwinds in the Power and Oil & Gas segments.


Posted on 20 October 2017 | 1:35 pm

FuelCell Energy to Supply 7.4MW Clean Power to U.S. Navy

FuelCell Energy to Supply 7.4MW Clean Power to U.S. NavyFuelCell Energy (FCEL) will supply clean power to a U.S. naval base and help it lower dependence on grid for electricity.


Posted on 20 October 2017 | 1:17 pm

Jim Cramer: GE was run like a country club, it was a disg...

Jim Cramer: GE was run like a country club, it was a disg...GE has done the single biggest Kabuki act I have ever seen, says CNBC's Jim Cramer talking about Jeff Immelt's tenure at General Electric.


Posted on 20 October 2017 | 1:06 pm

Consumer Reports reliability ratings: Tesla bitterly complains, and CR responds

Consumer Reports reliability ratings: Tesla bitterly complains, and CR responds"Average" didn't seem to please Tesla.


Posted on 20 October 2017 | 12:45 pm

Schlumberger, Baker Hughes warn of N. America slowdown

Schlumberger, Baker Hughes warn of N. America slowdownSchlumberger said investments in North America were moderating as energy companies increasingly shied away from chasing higher production at the cost of financial returns. "Oil prices remain volatile and, as a result, our customers remain cautious," Baker Hughes Chief Executive Lorenzo Simonelli said.


Posted on 20 October 2017 | 12:35 pm

Should You Sell Western Digital After its Toshiba Loss?

Should You Sell Western Digital After its Toshiba Loss?The hard drive maker missed a big opportunity with Toshiba, but its future isn’t that bleak.


Posted on 20 October 2017 | 12:30 pm

IRS to block, suspend tax returns that lack Obamacare dis...

IRS to block, suspend tax returns that lack Obamacare dis...The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year.


Posted on 20 October 2017 | 12:03 pm

Celgene Could Be the Best CAR-T Stock to Buy, Not Gilead Sciences

Celgene Could Be the Best CAR-T Stock to Buy, Not Gilead SciencesCelgene's partnership strategy gives it exposure to multiple companies' research on next-generation cell therapy.


Posted on 20 October 2017 | 11:31 am

This High-Yield Oil Giant Could Offer Retirees Sustainable Income

This High-Yield Oil Giant Could Offer Retirees Sustainable IncomeCheck out this energy giant if you're looking for a dividend stock with a high yield and improving fundamentals.


Posted on 20 October 2017 | 11:18 am

Why delaying the retirement age could hurt some older Americans

Why delaying the retirement age could hurt some older AmericansAs the average life expectancy for Americans increases, individuals are facing new challenges when it comes to saving for a longer retirement period.


Posted on 20 October 2017 | 11:00 am

3 Heirloom Stocks to Hold Forever

3 Heirloom Stocks to Hold ForeverWant stocks for the very, very long term? Look no further.


Posted on 20 October 2017 | 1:33 am

HPE Is Exiting the Cloud Server Business

HPE Is Exiting the Cloud Server BusinessMeg Whitman said it could happen. Now it is.


Posted on 19 October 2017 | 7:10 pm

You Should Buy Rite Aid Corporation Stock Only If This Happens

You Should Buy Rite Aid Corporation Stock Only If This HappensRite Aid Corporation (NYSE:RAD) investors certainly haven’t been faced with a shortage of things to chew on of late. The failure of Walgreen’s initial plan to outright acquire all shares of RAD stock in 2015 followed by the no-go on 2016’s revised plan to only buy 2,186 Rite Aid units — WBA is now only acquiring 1,932 of Rite Aid’s 4,560 stores — spurred mounds of investor concern, as a large cash infusion was seen as the only way to save the struggling Rite Aid Corporation. Here’s the thing: Rite Aid was in trouble, maybe even doomed, well before Walgreen’s was interested.


Posted on 19 October 2017 | 6:12 pm

How the Chicago Cubs fixed a 'bad business culture'

How the Chicago Cubs fixed a 'bad business culture'A new book on the Cubs' curse likens 108 years of failure to a mismanaged business. Author Rich Cohen discusses what the Cubs' 2016 win meant for baseball.


Posted on 19 October 2017 | 5:58 pm

Wall Street banks are starting to sound the alarm on a stock-market correction

Wall Street banks are starting to sound the alarm on a stock-market correctionBank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a stock-market correction. BAML joins Morgan Stanley in the ranks of big firms that have sounded the alarm this week. The most recent firm to sound the alarm is Bank of America Merrill Lynch, which forecasts a pullback of at least 10% — the historical definition of a correction — by Valentine's Day.


Posted on 19 October 2017 | 5:40 pm

It's Official -- the 2018 401(k) Contribution Limit Is Increasing

It's Official -- the 2018 401(k) Contribution Limit Is IncreasingSavers can put even more money to work for their retirement in 2018.


Posted on 19 October 2017 | 5:15 pm

White nationalist Richard Spencer will speak at the University of Florida — and UF is spending $500,000 on massive police presence

White nationalist Richard Spencer will speak at the University of Florida — and UF is spending $500,000 on massive police presenceThe University of Florida expects to spend $500,000 on security for a speech by white nationalist Richard Spencer. Spencer, a far-right figure, attended the Charlottesville protests, and pledged to speak at other colleges. There will be more police on the UF campus than in any other time in the school's history.


Posted on 19 October 2017 | 5:14 pm

Trump's health subsidy shutdown could lead to free insurance

Trump's health subsidy shutdown could lead to free insuranceIf President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, ...


Posted on 19 October 2017 | 3:26 pm

These 3 Blue-Chip Dividend Stocks Have Massive Yields

These 3 Blue-Chip Dividend Stocks Have Massive YieldsWant to double the market's dividend? Look at these stocks.


Posted on 19 October 2017 | 2:32 pm

Airbus takes another jab at Boeing with maiden flight of new plane

Airbus takes another jab at Boeing with maiden flight of new planeThe A330neo is designed to take the fight to Boeing's 787 Dreamliner.


Posted on 19 October 2017 | 1:45 pm

Billionaire Richard Branson: This skill set is the most critical to achieving success

Billionaire Richard Branson: This skill set is the most critical to achieving successBranson even told Elon Musk that he needed to "brush up" on this skill.


Posted on 19 October 2017 | 1:39 pm

Strategist Jeff Saut: The 8-year-old bull market still has up to nine more years left

Strategist Jeff Saut: The 8-year-old bull market still has up to nine more years leftIt's not even close to being too late to buy into the second-longest stock bull market in history, says the veteran Wall Street expert.


Posted on 19 October 2017 | 1:31 pm

Here's a little-known way to tap your 401(k) early and penalty free

Here's a little-known way to tap your 401(k) early and penalty freeTapping your retirement stash early is almost always a mistake, but there is a little-known way to do it right.


Posted on 19 October 2017 | 12:30 pm

3 High-Yield Stocks for Conservative Investors

3 High-Yield Stocks for Conservative InvestorsThese solid businesses with great dividend yields hit the sweet spot for conservative investors.


Posted on 19 October 2017 | 10:08 am

Why Your 2018 Social Security Check Might Not Grow as Much as You'd Like

Why Your 2018 Social Security Check Might Not Grow as Much as You'd LikeA hidden cost could eat up much of your cost-of-living adjustment next year.


Posted on 19 October 2017 | 10:03 am

GE's New CEO Is Cutting Some of Management's Favorite Perks

GE's New CEO Is Cutting Some of Management's Favorite PerksGE's New CEO Is Cutting Some of Management's Favorite Perks


Posted on 19 October 2017 | 9:31 am

The Yankee Greeter: Judge always the last man off for NY

The Yankee Greeter: Judge always the last man off for NYAaron Judge is the Yankee Greeter. A favorite to win AL Rookie of the Year and a contender for the league's Most Valuable Player Award, Judge jogs toward the dugout at the end of every defensive inning, ...


Posted on 19 October 2017 | 6:43 am

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