- BusinessBloomberg•2 days ago
Saudi Arabia Turns Off the U.S. Oil Tap
At last, Saudi Arabia seems to be doing what it takes to reduce the world's most visible oil glut: the one in the U.S. Unfortunately, its renewed vigor comes as OPEC's deal to reduce excess crude stockpiles starts to show signs of unraveling elsewhere, a subject that will be wrestled with by the group's oil ministers as they and other producer nations meet in St Petersburg on Monday. Weekly U.S. crude oil imports from Saudi Arabia have fallen sharply since early June Data published last week by the U.S. Energy Information Administration show that imports from Saudi Arabia in the week to July 14 fell to their lowest for seven years: just 524,000 barrels a day. For sure, one week's number doesn't
FinanceZacks•8 hours agoShould You Buy Caterpillar (CAT) Ahead of Earnings?
Investors are always looking for stocks that are poised to beat at earnings season and Caterpillar Inc. CAT may be one such company. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for CAT in this report. In fact, the Most Accurate estimate for the current quarter is currently at $1.29 per share for CAT, compared to a broader Zacks Consensus Estimate of $1.26 per share.
- FinanceTheStreet.com•4 hours ago
Chipotle Is Doomed Unless It Takes This One Dramatic Measure
A new foodborne illness scandal requires a total re-brand at Chipotle Mexican Grill Inc. Shares of Chipotle dropped 3.3% to $344.45 by Friday's close, hitting new 2017 lows, as Chipotle grappled with twin PR crises. Public health officials confirmed that a customer at a Chipotle location in Sterling, Va. is ill with norovirus, while data from food poisoning crowdsourcing website iwaspoisoned.com indicates that over 100 customers at that location also fell ill.
