Markets

Boeing gets boost from United, lifts demand forecast

Boeing gets boost from United, lifts demand forecast Over the longer-term, though, Boeing sees an industry in rude health, forecasting 41,030 industry deliveries over the next two decades, up from 39,620 in a similar projection a year ago and topping $6 trillion in value. Boeing now has over 240 orders and commitments for the 737 Max 10 its latest and largest model at the price of about $30 billion including Monday and Tuesday's announcements. [Full Article...]

Mayor promises Stanley Cup parade, but plans unclear so far

Mayor promises Stanley Cup parade, but plans unclear so far It was the only one of the 28 shots Rinne faced that got past him as he returned to his normal dominant self on home ice. Everybody cares and we obviously wanted to lift the Cup this year but it didn't happen. Both Nashville's Pekka Rinne and the Penguins Murray had been good at times during this series, but never in the same game. "We lost a lot of guys to injuries". [Full Article...]

Amazon to buy organic grocery store Whole Foods for $13.4 billion

Amazon to buy organic grocery store Whole Foods for $13.4 billion Armed with giant warehouses, shopper data, the latest technology and almost endless funds - and now with Whole Foods' hundreds of physical stores - Amazon is set to reshape a US$800 billion grocery market that is already changing rapidly. [Full Article...]

General Electric Company's (GE) Neutral Rating Reiterated at Bank of America Corporation

Mark Sheptoff Financial Planning LLC now owns 7,050 shares of the utilities provider's stock valued at $300,000 after buying an additional 900 shares in the last quarter. Davis R M invested in 0.11% or 42,703 shares. Invest Counsel Inc reported 4,296 shares. Riggs Asset Managment has invested 0.04% in General Electric Company (NYSE:GE). [Full Article...]

Amazon Buys Whole Foods

Amazon Buys Whole Foods The deal represents a dramatic turn in strategy for Amazon , which has offered food delivery through its Fresh service for a decade but has not made a major dent in the $700 billion grocery market. Take Amazon Go , for example, the company's high-end shopping service that allows shoppers to walk in, get whatever stuff they need, and then go - no checkout lines, no cashiers. [Full Article...]

Tillerson skips OAS meeting to focus on Gulf crisis

Ali bin Smaikh al-Marri, chairman of Qatar's national human rights committee, said the measures amounted to collective punishment and cited one case of a mother being separated from her baby. A diplomatic and economic blockade by Arab states including Saudi Arabia, Egypt, the U.A.E., Bahrain and Yemen was launched on June 5. Tillerson's efforts have been hindered by mixed messages coming out... [Full Article...]

Jury Still Deliberating On Verdict In Bill Cosby Trial

Jury Still Deliberating On Verdict In Bill Cosby Trial He says it was consensual. The jury in Bill Cosby's sexual assault trial will start its second day of deliberations by hearing more of Cosby's testimony in the accuser's related lawsuit. Cosby says the sexual contact was consensual. Jurors want to hear more excerpts from a deposition Cosby gave as part of Constand's civil suit against him. [Full Article...]

Big Blue Cross-Blue Shield insurer plans ACA exchange return

People dealing with pre-existing conditions will not only be covered by the Affordable Health Care Act (AHCA), they will be covered by insurance they can actually afford, U.S. The latest blow to rational health care policy came when the Trump administration asked for a second deadline extension to respond to a lawsuit filed by the GOP-led House which challenges subsidies for low-income Americans... [Full Article...]

A Republican revolt in Kansas

A Republican revolt in Kansas Under the new tax laws, Kansas will return to having a third tax income tax rate for its wealthiest filers, something cuts in 2012 eliminated. "Most budget people would have been able to look at the numbers and say, 'This isn't going to work, '" Kraus, a Kansas City-area Republican, said of the Kansas experiment. [Full Article...]

Oil Slides on Supply Glut

USA light crude was down 20 cents at $47.20. US oil producers exported a record 1.3 million barrels of oil a day in May, according to the Houston Chronicle. ET), down around 8 percent from its level before OPEC and its non-OPEC allies said they were extending cuts until March 2018. OPEC announced the cut in December 2016. [Full Article...]

Oil Prices Slide As Trump's Paris Decision Compounds Glut Concerns

Oil Prices Slide As Trump's Paris Decision Compounds Glut Concerns He said the nation's oil production was still hovering around 1.5 million barrels per day, down from around 2.2 million bpd. "But my projection is that within the six to nine months' window, all things being equal, militancy remaining calm and the investment that is required is urgently done to fix the existing pipelines, we should get to the sort of figure that we had before", the minister said... [Full Article...]

Trump's budget director defends plans to cut social programs

Trump's budget director defends plans to cut social programs This latter point may prove popular with some of the president's base, but it remains a heartless cut. Instead, the USA taxpayer will foot the bill. The clips included New York Mayor Bill de Blasio saying some children would die as a result, Hillary Clinton calling it an "onslaught" against children, seniors and the disabled , and Sen. [Full Article...]

China Stocks Could Explode After Trump's Paris Withdrawal — FT

Embassy and Consulates in China as saying that "Mr". Xi made the remarks in his meeting with visiting California Governor Jerry Brown at the Great Hall of the People in Beijing . We signed the agreement because of our commitment to protecting the environment". Mr Wan did not publicly address Mr Trump's move on the accord, which has been ratified by nearly 150 countries. [Full Article...]

Australia rates on hold ahead of growth data

Australia rates on hold ahead of growth data In leaving interest rates on hold at record lows for the 10th consecutive month on Tuesday, the Reserve Bank was more optimistic. "The RBA has opted to downplay the accumulation of evidence that first-quarter GDP will be soft", said David Plank, head of Australian economics at Australia & New Zealand Banking Group Ltd. [Full Article...]

Dakota Access pipeline expected to begin shipping Thursday

Dakota Access pipeline expected to begin shipping Thursday Energy Transfer Partners is set to face the North Dakota Public Service Commission over the amount of trees and bushes removed during construction of the pipe, as well as if workers disturbed any Native American artifacts. President Donald Trump's administration and the courts allowed the pipeline to be completed earlier this year. "People are coming out against dirty fossil fuel infrastructur... [Full Article...]

Grande returns to Manchester to honour victims with benefit

He then said "Give it up for Manchester's own Take That ", and the hometown heroes launched into an uplifting set of their own, leading the crowd in singalongs of their hits "Shine" and then "Giants". Ariana Grande returned to Manchester following the bombing at her Manchester Arena concert two weeks ago, which claimed the lives of 22 people. [Full Article...]

Greens and NDP Agree to Form Government

With no party gaining the majority of seats, B.C. Lieutenant Governor Judith Guichon must invite either the Liberals or the NDP to form a government. The signing of the agreement did not stop Christy Clark from announcing Tuesday she plans to stay on as premier. [Full Article...]

Wall Street closes with new records despite jobs report

Wall Street closes with new records despite jobs report The Dax in Germany led the way with a 1% gain. Spot gold prices fell $0.18 or 0.01 percent, to $1,267.91 an ounce, retreating from $1,273.74 which was the strongest level since April 25. Yields rise as prices fall. The Russell 2000 is up 23.14 points, or 1.7 percent. Among the day's biggest movers, Lululemon Athletica Inc. jumped almost 17% after it reported first-quarter results that beat e... [Full Article...]

NEXT plc (NXT) Upgraded to Buy at Investec

NEXT plc (NXT) Upgraded to Buy at Investec Moreover, Avenir Corp has 8.5% invested in the company for 107,784 shares. The Minerals segment is engaged in the provision of slurry handling equipment and associated aftermarket support for abrasive high wear applications used in the mining and oil sands markets. [Full Article...]

Macquarie Group Ltd. Raises Stake in Exxon Mobil Co. (XOM)

Macquarie Group Ltd. Raises Stake in Exxon Mobil Co. (XOM) Its down -0.64, from 1.5 in 2016Q3. It dropped, as 58 investors sold XOM shares while 851 reduced holdings. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. will post $3.97 EPS for the current fiscal year. XOM's profit will be $3.97B for 21.57 P/E if the $0.94 EPS becomes a reality. Exxon Mobil Corporation (XOM ) repo... [Full Article...]


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