Business

Oil prices fall to three month-low amid growing United States supply

Oil prices fall to three month-low amid growing United States supply

Crude oil futures continued to slide on Monday, adding to the downwards move seen last week. Traders should use the current fall in crude to accumulate long position in oil if prices rebound from the trendline. Recently, both production and exports in the US have hit record highs of around 9 million barrels a day, respectively. Shale billionaire Harold Hamm said his industry could "kill" the oil market if companies keep increasing spending to boost drilling. Read More

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New Solar Farm Powers Hawaii at Night

New Solar Farm Powers Hawaii at Night

Tesla is now beginning to cover the power needs of the Hawaiian island of Kauai, using a solar collection facility and battery-backed power. It's the first major solar-plus-storage project for Tesla since its $2.6 billion acquisition of SolarCity previous year, and Tesla said in a statement that it "will work with energy providers around the world seeking to overcome barriers in the way of building a sustainable, renewable energy grid of their own". Read More

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Elon Musk Says He Can Solve Australia's energy crisis in 100 days

Elon Musk Says He Can Solve Australia's energy crisis in 100 days

Musk responded in an affirmative manner and further elaborated that Tesla would offer the system at U.S. $250 per kWh of storage, with the total project costing about $25 million. The Australian government announced that the issue was a priority and said increasing grid storage could help. Can it happen? Musk has never been one to shy away from bold promises, but the recent installation of 396 Tesla Powerpacks storing 80 megawatt-hours may back him up on the validity of his pledge to SA. Read More

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The Guggenheim Capital LLC Boosts Position in General Motors Company (GM)

The Guggenheim Capital LLC Boosts Position in General Motors Company (GM)

After trading began at $12.5 the stock was seen hitting $12.64 as a peak level and $12.46 as the lowest level. Other research analysts also recently issued research reports about the stock. They now have a Dollars 15 price target on the stock. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US and global trademark and copyright legislation. Read More

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Against 'outside meddling': China to boost defense budget by 7% in

Against 'outside meddling': China to boost defense budget by 7% in

In a speech to the national legislature, Premier Li Keqiang promised more steps to cut surplus steel production that is straining trade relations with Washington and Europe. The 2016 figure marked the first time in six years that spending growth did not rise into double figures. "On the other hand, emerging countries such as China, with their surging influence, are eager to find an independent path of sustainable development", Liu said. Read More

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Yellen signals Fed will likely raise rates in March

Yields on US debt rose on Wednesday as investors priced in the increased chance of an interest rate hike in March, after comments by New York Fed President William Dudley lifted market expectations. "The general economic conditions and proximity to the full employment and price stability goals are sufficient, and officials are simply looking for appropriate opportunities". Read More

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Best Buy Shares Drop After Sales, Outlook Miss The Mark

Best Buy Shares Drop After Sales, Outlook Miss The Mark

The company guided for per-share earnings of $1.62 to $1.67. Best Buy CFO Corie Barry said, "Our Q1 FY18 guidance reflects the softness we have seen reported so far this quarter in the NPD-tracked categories and continued softness in the mobile phone category due both to last year's product recall and the assumption that new phone launches will occur later in the quarter than they did last year". Read More

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How major USA stock market indexes fared on Tuesday

How major USA stock market indexes fared on Tuesday

Investors will be closely watching President Donald Trump's address to a joint session of Congress on Tuesday evening for clues on his proposed tax reform and his plans to overhaul the Affordable Healthcare Act. Utilities and telecom services stocks - traditionally defensive plays of the S&P 500 index - outperformed the other sectors last week. On Monday the president told a group of governors, "We're going to start spending on infrastructure big". Read More

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John Lewis moves to cut costs through hundreds of job losses

John Lewis is in consultation with staff about the proposed removal of nearly 800 jobs, primarily in its customer catering and store administration areas. "The proposed new structure will allow us to harness partners" knowledge and skills, giving them more scope to be in the right place at the right time to deliver great service to our customers when and where it's needed. Read More

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The Kraft Heinz Company

The Kraft Heinz Company

General Motors Company (NYSE:GM) share price increased in the last trading session with a previous 52-week high of $38.38. Mrs May vowed a year ago to devise a "proper industrial strategy" to defend United Kingdom companies from being snapped up by foreign firms. Read More

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Kraft Heinz Unilever: Union sounds the alarm over London job loss fears

United Kingdom -based Unilever replied that the offer "fundamentally" undervalued the company, and presented neither financial or strategic merit, from the perspective of Unilever's shareholders. The company is the world's fourth-largest consumer goods company by sales, with revenues past year of €52.7 billion. This would significantly expand and diversify Kraft Heinz's product assortment, which is now all food. Read More

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What do Analysts suggest for: Energy Transfer Equity, LP (NYSE:ETE)

What do Analysts suggest for: Energy Transfer Equity, LP (NYSE:ETE)

ETE right now sits at consensus rating of 2.30 while 9 analysts have advocated the shares as "BUY", 2 calls it an "OUTPERFORM" and 8 suggest "HOLD". Finally, Jefferies Group LLC lowered Energy Transfer Equity, L.P. The stock exchanged hands at a volume of 8.24M shares whereas, the average volume was 6.80M shares. The company reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.09. Read More

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