Thousands of Baltimore Ravens fans cheered, danced and marched along with the team in a parade to celebrate the Super Bowl victory. (Feb. 5)
Oil and gas experts are closely watching the Permian Basin in 2018. The Permian Basin has grown crude oil production from 1.5 million barrels per day (bpd) entering 2014 to over 3.1 mbp today -- and that doesn't include natural gas (it's the second-largest gas play in the country) or other petroleum liquids. Current growth trends and expansion projects predict that crude oil output will rise to over 5 mpd sometime in 2023.
At the time, Southwest said those inspections would cause some impact on operations, but it has not said how many engines it planned to inspect. On Friday, the Federal Aviation Administration and European airline regulators ordered emergency inspections within 20 days of nearly 700 aircraft engines similar to the one involved in a fatal Southwest engine blowout earlier this week. The engine explosion on Southwest Flight 1380 on Tuesday was caused by a fan blade that broke off, the FAA said.
The manhunt for Waffle House shooting suspect Travis Reinking continued Monday morning as law enforcement agents are searching for the 29-year-old alleged shooter, who is still on the run and may be armed and dangerous. Metropolitan Nashville Chief Police Steve Anderson said at a news conference that Reinking is most likely on foot and is probably still close to the area, unless he was picked up by a car. Reinking has had numerous brushes with the law that may demonstrate his mental state.
Korean Air Lines said Monday that two daughters of its chairman will resign from their executive positions amid mounting public criticism over the women's behavior and allegations that the family engaged in smuggling. An official at the Korea Customs Service, meanwhile, confirmed that authorities raided the airline's headquarters in Seoul seeking evidence on alleged smuggling and tariff evasion. Chairman Cho Yang-ho announced the resignation of his daughter Hyun-ah, who returned to leadership last month after a four-year hiatus following a "nut rage" scandal, and her younger sister Hyun-min, who is under investigation for allegedly hurling a cup of water at a business meeting.
In the span of 20 years, Netflix has gone from a (super convenient) Blockbuster knockoff to one of the most powerful players in media. Partially, that's credited to Netflix's technology, bringing streaming content to the mainstream. Netflix continues that investment today with the announcement that it will raise another $1.5 billion in debt.
Bitcoin Cash is up 17% against the dollar on Monday. The cryptocurrency has risen 80% over the last seven days. An upcoming 'fork' of the currency — a change to its underlying code — appears to be supporting the price rally. Follow the live Bitcoin Cash
Gordon Chang, Author of "Nuclear Showdown: North Korea Takes on the World," gives his take on what may happen between U.S. President Donald Trump and North Korea Leader Kim Jong-Un when they meet. Chang speaks with Kathleen Hays and Yvonne Man on "Bloomberg Daybreak: Asia." OF THEM WITH GREAT INCENTIVE. YOU CAN ALSO END UP DOING INVESTMENT, ALL SORTS OF FINANCIAL ASSISTANCE, NORTH KOREA IS VERY CONCERNED ABOUT IT RELIANCE ON CHINA.
Prince Harry and bride-to-be Meghan Markle were matching in navy blue at Queen Elizabeth’s star-studded birthday concert Saturday night — and people on social media took notice. Markle wore a navy Stella McCartney caped dress with matching navy suede
Foreign Minister Sergei Lavrov said on Monday that Russia had not yet decided whether it would deliver advanced S-300 missile systems to Syria, but would not make a secret of the matter if it took such a decision, the TASS news agency reported. Russia's daily Kommersant newspaper, citing unnamed military sources, reported earlier on Monday that Russia might start supplying the anti-aircraft missile systems to Syria in the near future. Lavrov said on Friday that Western military strikes on Syria this month had removed any moral obligation Russia had to withhold the missile systems from its ally Syrian President Bashar al-Assad.
It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.
Reagan's stock market gives clues for the Dow's next move: Acampora 2:27 PM ET Fri, 20 April 2018 | 01:53 Donald Trump, like Ronald Reagan before him, is an outside-the-beltway president. That recently prompted longtime market watcher Ralph Acampora to investigate whether the two had anything else in common. What he found could be a warning to the stock market. "Ronald Reagan had a six-month honeymoon," Acampora, director of technical research at Altaira Capital Partners, told CNBC's "Futures Now" last week. "The percentage gain was roughly about 10 percent." When Reagan was sworn into office on Jan. 20, 1981, the Dow Jones Industrial Average was trading at around 950. The index, which at
There is a good reason not to pay attention to General Electric earnings and analysts who cover the company. Because if you did, you would have lost your shirt. To be fair, a couple of analysts have been, belatedly, correct. Compare General Electric’s GE, +0.45% chart with that of the Dow Jones Industrial Average DJIA, +0.23% and the S&P 500 ETF SPY, +0.17% The drastic underperformance of General Electric’s stock will surely jump out at you. Let’s explore the chart. Chart Please click here for an annotated chart of General Electric. Please note the following: • General Electric is showing the first green candle on the chart in a long time. This is positive. • During the selloff, volume picked
Oil eased on Monday on rising U.S. borrowing costs and the prospect of further output rises after another increase in the weekly rig count, although the overall picture for crude remained bullish. Brent crude futures were down 49 cents at $73.57 a barrel by 0911 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 51 cents to $67.89 a barrel. "Underlying sentiment is bullish ... we've got an important decision from (U.S. President Donald) Trump coming up in May and we have OPEC potentially trying to 'overtighten' the market," Saxo Bank senior manager Ole Hansen said.
Social Security is likely to provide more than half of your income as a senior, but chances are good you don't really understand how the program works. Social Security's rules are undoubtedly confusing, especially as you try to figure out when you actually become eligible for benefits. More than 90% of older adults don't know how to maximize their Social Security benefits, according to a survey conducted by Nationwide.
The DNC sues the Trump campaign, Russia and WikiLeaks over the 2016 election; House Intelligence Committee Chairman Devin Nunes reacts on 'Sunday Morning Futures.'
Frederick Smith is the CEO of FedEx Corporation (NYSE:FDX), which has recently grown to a market capitalization of US$66.03B. Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.
China's ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival. ZTE "has learnt from its past experiences on export control compliance and attaches significant importance to the work on export control compliance," the mobile phone and telecoms company said in a statement to the Hong Kong stock exchange. ZTE "is making active communications with relevant parties and seeking a solution to the U.S. export denial order," it added in the statement.
Shares of Philip Morris International (NYSE: PM) plunged 16% on April 19, after the tobacco giant posted a mixed first quarter. It also noted that soft demand in Indonesia -- once a major growth market -- offset its growth in Pakistan and Thailand in South Asia.
Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have colorful emails or trader messages describing bad behavior. Wells Fargo’s WFC, +1.98% risk management already resulted in an unprecedented Federal Reserve sanction of having its growth limited. Wells Fargo, keep in mind, was fined by the CFPB and other regulators after opening millions of customer accounts without permission. To hear the OCC tell it, Wells Fargo did not establish “effective first and second lines of defense,” execute on a comprehensive plan to address compliance risk management deficiencies, fill mission-critical staffing positions, implement a reliable risk assessment and testing program and report compliance concerns adequately to the board.
For SunPower, the real payoff from this deal won't derive from gaining SolarWorld's manufacturing plant -- the key benefit will come if it wins an exclusion from tariffs for its high-efficiency solar cells and panels, which are made in Asia. SunPower is the only global manufacturer that produces interdigitated back contact (IBC) solar cells at scale, and no U.S. manufacturers use the technology today.
Frontier Communications (NASDAQ: FTR) has been in steady decline. It has lost customers in every quarter since it spent $10.55 billion in April of 2016 to buy Verizon's (NYSE: VZ) wireline business in California, Texas, and Florida.
Former President George H.W. Bush paid a subtle tribute to his late wife, Barbara Bush, at her funeral on Saturday. The former president wore a pair of socks decorated with stacks of colorful books, in a nod to his partner’s longstanding commitment to advancing literacy. George H.W. Bush wore socks with books on them in dedication to Barbara at her funeral today.
Are marijuana stocks ridiculously overpriced? Of the top three marijuana stocks in terms of market cap, only Aurora Cannabis (NASDAQOTH: ACBFF) reported positive earnings over the last 12 months. Based on these conventional valuation measures, all three of these top marijuana stocks certainly appear to be way overpriced.
Over the last two years, it's been clear Walmart (NYSE: WMT) is positioning itself as a competitor to Amazon. After paying $3.3 billion for e-commerce provider Jet.com in 2016, Walmart has increasingly encroached on Amazon's turf by attempting to lure Amazon's core consumer base, move into new industries, and replicate Amazon's disruption-focused mindset. With all the excitement about its digital changes, Walmart's core terrestrial operations may have flown under the radar.
Uncertainty in the cryptocurrency mining market has led to the world’s leading chipmaker, Taiwan Semiconductor, to lower its revenue forecast for the year. Adding insult to injury, weakness in demand for Apple’s iPhone, for which Taiwan Semi is the supplier, is also weighing on this year’s expected sales. Meanwhile, bitcoin mining was the champion of 2017, helping to drive Taiwan Semi’s 2017 revenue results higher by 6%, including a 10.1% increase in the fourth quarter alone.