Oil and Gas News
Amazon's website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created. Shoppers clicking on many Prime Day links after the 3 p.m. ET launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, "Uh-oh. By about 4:30 p.m., many Prime Day links were working, and Amazon said later Monday that it was working to resolve the glitches.
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Turtle Beach Corp. is no one-hit wonder. The video-game headset maker’s shares have soared almost 1,200 percent year-to-date thanks largely to the exploding popularity of Fortnite. Turtle Beach “is the dominant player in the global console headset market,” beating competitors with its comfort designs, shelf space in bricks-and-mortar stores and “super human hearing technology” in some headsets that allows gamers to detect rivals sneaking up on them, Forte said in a note, reiterating his buy rating -- a stance first taken last week.
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Russia has agreed with the U.S. to secure Syria’s border with Israel in line with a 1974 cease-fire agreement over the occupied Golan Heights, Russian President Vladimir Putin said. “This will allow us to return calm to the Golan, restore the cease-fire between Syria and Israel and fully guarantee the security of the State of Israel,” Putin said at a news conference with U.S. President Donald Trump after their summit in Helsinki on Monday.
Posted on 16 July 2018 | 3:50 pm
The weirdest, least flattering image of Donald Trump with Vladimir Putin didn’t come from a rogue member of the media. It came from Trump’s own press secretary. Just before the US and Russian presidents’ closed-door meeting today (July 16), Sarah Huckabee Sanders tweeted a black-and-white photo that shows Trump, sitting upright and wide eyed, looking…
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Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Bank of America reported second quarter earnings that beat Wall Street estimates, with its consumer lending unit reporting the biggest profit in eight years. Here's the performance of select financial stocks as of 11:00 am ET: BAC Bank of America Corporation 2.38% C Citigrp Inc 2.34% JPM JPMorgan Chase & Co 1.99% SIVB SVB Finl Grp 1.92% NAVI Navient Corp 1.90% WFC Wells Fargo 1.81% STT State Street Corp 1.59% FAS(HB) Finl Bull 3x Shs 1.55% CFG Citizens Finl Grp Inc 1.54% UBS UBS Grp Ag 1.49% CBOE CBOE Glbl Mkts Inc 1.46% AEG Aegon N.V. Ord 1.42% NTRS Northern Trust 1.38% MTB M&T Bank 1.35% KEY KeyCorp 1.30% HBAN Huntington Bancshs 1.30% MS Morgan Stanley 1.22% PNC PNC Finl Svcs Grp 1.21% LAZ Lazard Ltd 1.18% PFG Principal Finl Grp 1.19% ZION Zions Bancorp 1.12% BBT BB&T Corp 1.12% CMA Comerica Inc 1.12% GS Goldman Sachs Grp 1.12% TROW T.Rowe Price Grp 1.11% RF Regions Finl Corporation 1.05% BHF Brighthouse Finl Inc 1.13% STI SunTrust Banks 1.11% XLF S&P Sel Finl Spdr Fd 1.06% FITB Fifth Third Bancorp 1.03% SQ Square Inc 0.99% LNC Lincoln Natl Corp 0.90% ETFC E Trade Finl Corporation 0.89% PBCT People's United Finl Inc 0.89% CACC Credit Acceptance Corporation 0.88% NDAQ NASDAQ Inc 0.87% RJF Raymond James Finl 0.84% SYF Synchrony Finl 0.83% PRU Prudential Finl 0.81% IBKR(0) Interactive Brokers Grp Inc 0.83% CINF Cincinnati Finl 0.80% SCHW Charles Schwab Corp (The) 0.78% ICE Intercontinental Exchange Grp 0.76% BK Bank of New York Mellon Corp 0.75% COF Cap One Finl 0.73% VOYA Voya Finl Inc 0.68% CNA CNA Finl Corp 0.66% AMTD TD Ameritrade Hldg Corp 0.67% CME CME Grp Inc 0.64% TMK Torchmark Corp 0.64% DFS Discover Finl Svcs 0.63% USB US Bancorp 0.59% ATH Athene Hldg Ltd 0.56% WRB W R Berkley Corp 0.56% ALLY Ally Finl Inc 0.48% AON Aon Plc 0.49% JEF Jefferies Financial Group 0.53% UNM Unum Grp 0.50% MKL(HB) Markel Corp 0.46% RE(HB) Everest Re Grp 0.43% BRK.B Berkshire Hathaway'B' 0.42% AJG Gallagher (Arthur J.) 0.38% TRV The Travelers Companies Inc 0.40% RGA Reisnuran Grp Of America Inc 0.39% NMR Nomura Hldg ADS 0.38% SLF(HB) Sun Life Finl Svcs Canada 0.37% PGR Progressive Corporation (The) 0.36% ALL Allstate Corp 0.33% AIG Amer Intl Grp 0.31% CB(HB) The Chubb Corp 0.27% Y Alleghany Corp 0.26% SEIC SEI Inv 0.23% L Loews Corp 0.23% AFG Amer Finl Grp Inc 0.23% AXP American Express Co 0.21% BRO Brown & Brown 0.21% SC Santander Consumer USA Hldgs 0.19% ORI Old Republic Intl Corp 0.20% MKTX MarketAxess Hldg Inc 0.20% BX The Blackstone Grp L P 0.20% FIS Fidelity National Information 0.10% HIG Hartford Finl Svcs Grp 0.06% KKR KKR & Co L.P. 0.09% XL XL Grp Ltd 0.07% ACGL Arch Cap Grp 0.07% EV Eaton Vance Corp 0.06% MFC(HB) ManuLife Finl 0.06% RNR RenaissanceRe Hldg 0.04% CG(2) The Carlyle Grp LP 0.00% MET Metlife Inc 0.00% STWD Starwood Ppty Trust Inc 0.00% AMP Ameriprise Finl Inc -0.03% CI Cigna Corp -0.03% MMC Marsh & McLennan Companies Inc -0.05% FAF First American Finl Corp -0.06% FNF Fidelity Natl Finl Inc -0.07% PYPL PayPal Hldgs Inc -0.10% AMG Affiliated Managers Grp Inc -0.11% EEFT Euronet Worldwide -0.12% AFL AFLAC Inc -0.09% OAK(HB,2) Oaktree Cap Grp LLC -0.19% AIZ Assurant Inc -0.21% ERIE(HB) Erie Indemnity 'A' -0.23% MA Mastercard Inc -0.23% GPN Global Payments Inc -0.25% NRZ New Residential Inv Corp -0.27% VRSK Verisk Analytics Inc -0.33% WLTW Willis Towers Watson Pub Ltd -0.37% JHG Janus Henderson Grp PLC -0.39% PUK(HB) Prudential Plc ADS -0.44% LFC(HB) China Life Insurance ADS -0.47% IVZ Invesco Ltd -0.51% BLK Blackrock Inc'A' -0.53% V Visa Inc -0.55% APO Apollo Global Mgt LLC -0.60% CIT CIT Grp Inc -0.64% UNH UnitedHealth Grp Inc -0.62% BEN Franklin Res Inc -0.68% HUM Humana Inc -0.92% ANTM Anthem Inc -1.00% FAZ(HB) Finl Bear 3x Shs -1.53% ADS Alliance Data Systems -6.47%
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Advanced Micro Devices, Inc. (NASDAQ: AMD ) is scheduled to report its fiscal second-quarter earnings in late July, and it shouldbe a positive print due to new product ramps, according to Stifel. The Analyst ...
Posted on 16 July 2018 | 2:25 pm
Tesla's stock fell Monday after a British diver involved in the mission to save 12 Thai boys and their soccer coach said he is considering legal action against Elon Musk because the company's boss labeled him “pedo guy.”
Posted on 16 July 2018 | 1:52 pm
Apple Inc. is facing more challenges in the world’s fastest-growing major smartphone market. The iPhone maker has lost a trio of pivotal executives in India in recent weeks as it struggles to boost iPhone sales there, people familiar with the matter say. Among the executives who’ve departed are its national sales and distribution chief, the head of its commercial channels and mid-market business, and the head of telecom carrier sales, said the people, who asked not to be identified discussing internal matters.
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Iran's oil minister told his Saudi Arabian counterpart that last month's OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Iran's news agency Shana. "Member countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018," Bijan Zanganeh wrote in a letter sent to Saudi Energy Minister Khalid al-Falih, according to Shana.
Posted on 16 July 2018 | 11:50 am
In 2011, Judge Brett Kavanaugh was selected at random to rule on whether President Barack Obama’s signature legislative achievement, the Affordable Care Act, was constitutional. It was a career-defining moment for the aspiring Supreme Court justice, who was 46 at the time. On one side was the Republican Party, which made Kavanaugh a judge and wanted to see the law invalidated under a limited vision of federal authority to regulate interstate commerce.
Posted on 16 July 2018 | 8:00 am
The British diver from the Thai cave rescue whom Elon Musk called a 'pedo' is considering suing the billionaire
A British diver involved in the Thai cave rescue mission has indicated he may sue Elon Musk over comments made by the billionaire. Asked by Australia's Channel 7 News on Monday whether he was considering taking legal action, the British caver Vernon Unsworth quickly replied.
Posted on 16 July 2018 | 7:03 am
StormBreaker, Formerly called the Small Diameter Bomb II, enters the phase after completing a successful Operational Test Readiness Review in Spring 2018, Raytheon said. The bomb will be fielded first on the F-15E Strike Eagle, and is planned to be integrated onto the F-35 Joint Strike Fighter by 2022, Raytheon said. The StormBreaker tri-mode seeker uses imaging infrared, millimeter wave and semi-active laser, giving pilots the ability to destroy moving targets on the battlefield in adverse weather conditions from standoff ranges.
Posted on 16 July 2018 | 4:40 am
Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A special committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter as the brand’s face and voice and is requesting he cease media appearances on behalf of the firm, the company said in a statement after a Sunday night board meeting. Schnatter came under pressure after a media report that he used a racial slur and graphic descriptions of violence against minorities in a conversation with the company’s former media agency, Laundry Service.
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Airbus SE is said to close in on $29 billion of deals with Asian carriers who are expanding their fleet because of surging travel demand in the region. The European manufacturer is closing in on a blockbuster agreement to sell $23 billion worth of aircraft to AirAsia Group Bhd., the continent’s biggest budget carrier, according to people familiar with the matter. Airbus is also nearing an agreement to sell wide-body jetliners valued at about $6 billion to Taiwanese startup StarLux Airlines, according to a person familiar with the matter.
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This weekend's Barron's presents the wisdom and picks from its 2018 Mid-Year Roundtable. "2018 Mid-Year Roundtable: Good News for Stockpickers" by Lauren R. Rublin indicates that the broad market could struggle in the second half, but the Barron's panel of investment experts sees plenty of bargains in energy, media, retail and tech. Andrew Bary's "Ackman's Comeback: How to Ride His Revival" points out that this hedge fund manager's publicly traded vehicle is up more than 10 percent this year and trades at a discount to its net asset value, offering an opportunity for investors.
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The top Republican lawmaker overseeing trade policies on Sunday called for a meeting between U.S. President Donald Trump and Chinese Premier Xi Jinping to ease trade tensions, warning that U.S. tariffs would likely dampen U.S. economic growth this year. House Ways and Means Committee Chairman Kevin Brady said U.S. tax cuts had helped drive stronger U.S. growth but trade tariffs on steel and aluminum, and against Chinese imports, could now undermine that impact. "At some point this year it will show up in the economy and that is what we are trying to avoid," Brady told Fox News in an interview.
Posted on 15 July 2018 | 3:24 pm
Republican Senator Rand Paul said Sunday he’s “worried” about Supreme Court nominee Brett Kavanaugh’s record on constitutional privacy rights, signaling that he’s far from certain to vote for President Donald Trump’s pick in the closely divided Senate. “I’m concerned about Kavanaugh,” the Kentucky Republican said on “Fox and Friends” on Sunday. Paul said he’s worried and disappointed that Kavanaugh appears to support government surveillance programs that curtail privacy rights in the name of national security.
Posted on 15 July 2018 | 2:48 pm
Brazilian planemaker Embraer (EMBR3.SA) is pushing the low maintenance costs and fuel burn of its E2 jet as it battles tougher competition from the rival A220, now backed by Airbus (AIR.PA), executives said on Sunday. "I'm hopeful that we'll be able to present a good showing on Tuesday," John Slattery, President and CEO Embraer Commercial Aviation, told Reuters onboard its E190-E2 jet, looking ahead to possible order announcements at this week's Farnborough air show. Boeing (BA.N) earlier this month struck a deal for a controlling stake in the commercial aircraft arm of Embraer under a new $4.75 billion joint venture, coming after Airbus completed a deal to take control of rival Bombardier's (BBDb.TO) Cseries program.
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Boeing Co. is seeking to rewrite the rules for creating commercial jets as it hones plans for a new midrange jet nicknamed the 797. For decades Boeing pushed its airplanes to fly ever farther. The 787 Dreamliner, the company’s last all-new jetliner, opened nearly 200 nonstop routes.
Posted on 15 July 2018 | 6:00 am