Finance

Oil dips after rally, OPEC may ease supply curbs

Oil dips after rally, OPEC may ease supply curbs Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.123 million barrels. July futures for Brent oil at the London ICE Futures exchange to 8:08 Moscow time has fallen in price on $0,14 (0,18%) to $78,65 per barrel. OPEC leaders are expected to meet in Vienna on June 22 to discuss reversing an agreed-upon production decrease that removed 1.8 million barrels per day from the global ... [Full Article...]

What Does the End of Net Neutrality Mean for Cryptocurrency

What Does the End of Net Neutrality Mean for Cryptocurrency They were the focus of heavy lobbying by Net neutrality supporters in recent days. The CTIA , USTelecom and the NCTA earlier sent a joint letter to senators asking them to vote against the measure. "There's no question that net neutrality is something voters under the age of 40 care a lot about", he said. "The Republicans would much rather not take a vote on this and I think that is a big mis... [Full Article...]

Amazon Launches Blockchain Cloud Partnership With Ethereum Studio ConsenSys' Kaleido

Amazon Launches Blockchain Cloud Partnership With Ethereum Studio ConsenSys' Kaleido Patrons of the technology tout it as faster and more safe and secure than traditional methods. Amazon Internet Services Pvt Ltd (AISPL), an Amazon company, on Tuesday announced five Indian partners as winners who helped customers drive innovation and build solutions on Amazon Web Services ( AWS ) Cloud. [Full Article...]

Buy your future overlord: Creepy robot dog SpotMini up for sale soon

Buy your future overlord: Creepy robot dog SpotMini up for sale soon The arm rests atop the SpotMini, and functions more like a pincer claw. At a TechCrunch robotics event on Friday, Boston Dynamics founder Marc Raibert announced its robotic dog SpotMini is now in "pre-production". Last year, it was revamped and can now walk by itself using autonomous navigation. The company also released new video this week of the SpotMini and its humanoid robot Atlas... [Full Article...]

26th Annual Stamp Out Hunger Food Drive

26th Annual Stamp Out Hunger Food Drive It's a chance to donate to your community food bank and help those in need in your immediate area. This saturday Postal Carriers will collect non-perishable food donations. This is a nationwide food drive, so everyone can participate. "While all non-perishable donations are welcome, foods that are high in protein such as canned tuna, salmon, beans and peanut butter are most needed". [Full Article...]

Bank of England keeps interest rates at 0.5%

Bank of England keeps interest rates at 0.5% Policymakers Ian McCafferty and Michael Saunders, who again voted for a rate rise, agreed the weak growth so far this year reflected "temporary or erratic factors", but said delaying a rate hike risked more abrupt tightening later on. "As Governor Carney stated in his remarks in an interview in April, the MPC is, "conscious that there are other meetings over the course of this year" and although... [Full Article...]

Strategic Analysis of the FPSO Market Size & Share: Industry Forecast, 2015

Chapter 3: Industry Chain Analysis (Industrial Cartridge Valves suppliers and buyers information, manufacturing base, Industrial Cartridge Valves production process and cost structure analysis, labor cost, Industrial Cartridge Valves market channel analysis). [Full Article...]

Amazon grows its workforce in BC adding 3000 new jobs

Amazon grows its workforce in BC adding 3000 new jobs It's a sign of the growing relationship between Canada's west coast and Amazon over the past year. Combined with 1,000 new Amazon jobs announced in November, this will bring the company's total employment across Canada to 9,000. ft. of space at WeWork's first Vancouver co-working office location at the Bentall III office tower. The city, a two-and-a-half-hour drive from Amazon's headquarters in... [Full Article...]

People Seeking Asylum In US From Central America Arrive In Tijuana

People Seeking Asylum In US From Central America Arrive In Tijuana Human rights group Amnesty International said the USA and Mexican authorities must "stop demonizing participants of the caravan from Central America and respect their fundamental right to seek asylum". "This President fully understands the threat this poses to Americans and has been crystal clear since the beginning of his Administration that we will protect our borders and our sovereignty", N... [Full Article...]

NFL Draft 2018: Jets draft Sam Darnold

NFL Draft 2018: Jets draft Sam Darnold Could wind up being the No. 1 overall pick by the Cleveland Browns . They took the 20-year-old from USC over UCLA's Josh Rosen and Wyoming's Josh Allen . Is it true that a USC quarterback has never made a Super Bowl appearance? Yes. Entering the 2017 season, Jets fans were imploring the organization to tank in order to get the USC passer and in many other years, Darnold would have been t... [Full Article...]

Technical problems forces early close to trading on TSX

Technical problems forces early close to trading on TSX The statement did not identify the vendor of the equipment that failed, though it said the outage was not the result of a cyber attack. The company replaced a defective storage module, verified the integrity of data of all impacted databases and conducted a successful start-up validation of the entire trading system, TMX said. [Full Article...]

First Quarter GDP Grew 2.3%

First Quarter GDP Grew 2.3% The stronger than expected GDP growth reflected positive contributions from non-residential fixed investment, consumer spending, exports, private inventory investment, and government spending. Muted household spending was the catalyst for the drop-off. Wall Street Journal Global Economics Editor Jon Hilsenrath on first-quarter GDP. Beyond quarterly gyrations, underlying demand looks resili... [Full Article...]

European Central Bank leaves key rates on hold as expected

European Central Bank leaves key rates on hold as expected Mario Draghi said Thursday that recent data points to "some moderation" in the economic growth in the 19 countries that use the euro , while still remaining "consistent with a broad-based expansion". But with the risk of a global trade war still looming, it may not make a decision until absolutely necessary. That rate is minus 0.4 percent, meaning banks pay a penalty on the funds they deposit. [Full Article...]

Caterpillar beats estimates and raises 2018 profit outlook

Caterpillar beats estimates and raises 2018 profit outlook CAT outperformed by 49.08% the S&P 500. In the quarter to end-March, revenues rose 31 per cent on year to US$12.9 billion, above Wall Street's expectations, as strong commodity prices and increased construction activities in North America and China drove up sales of mining and construction machines. [Full Article...]

Dow falls 2.4% on fears of rising interest rates, mixed earnings

Dow falls 2.4% on fears of rising interest rates, mixed earnings Alphabet fell 4.8 percent after reporting a spike in spending. At the closing bell, the Dow Jones Industrial Average was at 24,022.07, down 1.7 per cent. Verizon, Harley-Davidson and Fifth Third Bancorp all rose. Facebook fell 3.5 percent to $160.10 and Microsoft skidded 1.8 percent to $93.65. The 10-year yield, a benchmark for global borrowing costs, has been driven steadily higher by a ... [Full Article...]

Inflation drops to 2.5% in March

Inflation drops to 2.5% in March Experts say that strong inflation , wage growth and unemployment data make the possibility of an interest rate hike by the Bank of England in May likely. The level of inflation in the United Kingdom fell more than expected in March, as the squeeze on the cost of living for Brits caused by the Brexit vote abates. [Full Article...]

Govt taking all steps to ensure ATMs are replenished

Govt taking all steps to ensure ATMs are replenished Soon the hashtag #CashCrunch started trending on Twitter. Jaitley said, "Have reviewed the currency situation in the country". While attacking the government , Congress president Rahul Gandhi said that "terror of note ban" has once again gripped the nation. [Full Article...]

International Monetary Fund says global economy will slow after 2019 on escalating trade tensions

International Monetary Fund says global economy will slow after 2019 on escalating trade tensions According to the IMF's World Economic Outlook (WEO) report, the country's economic growth is expected to be 7.8 per cent in 2019. The global smartphone boom that's helped propel Asia's economic growth and reshape trade channels in recent years may have peaked. [Full Article...]

Chinese Mobile Device Maker ZTE Banned From Buying US Goods

Chinese Mobile Device Maker ZTE Banned From Buying US Goods For ZTE , it has been a rough 24 hours, with the United States government hitting the company with a U.S. export ban. ZTE illegally circumvented the sanctions, selling phones and other goods to the two countries. The Chinese company used a series of shell companies to sell its products in Iran , and after pleading guilty, it promised to terminate four senior employees and to discipline 35 ot... [Full Article...]

Tarantula burger special sold at North Carolina restaurant has legs

Tarantula burger special sold at North Carolina restaurant has legs If their number is drawn, Bull City contacts them to set up their mealtime. A North Carolina craft brewery is pushing the boundaries of what is considered edible, proudly offering customers the chance to eat a tarantula burger. Other burgers offered at the restaurant this month include alligator , iguana, python, bison, turtle and bugs. Some people prefer to eat the tarantula first, while som... [Full Article...]


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