Business

Dollar soars to highest since April 2003

Dollar soars to highest since April 2003

Spot gold (XAU=) inched up 0.1 percent to $1,226.31 an ounce, putting some distance between the five-month low of $1,211.08 seen on Monday. The pound reached an early session high of $1.2528 before sliding to $1.2463. Treasury yields continue to rise. European shares fell on Wednesday, weighed down by a pull-back in banking stocks, while German chemical group Bayer slumped after a costly bond issue.



Marathon Petroleum Corporation (NYSE:MPC) missed earnings on 5 occasions

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Marathon Oil Corporation as 1.27 Billion. Marathon Petroleum Corp. Marathon Petroleum Corporation (NYSE:MPC) last ended at $43.49, sending the company's market cap near $22.95B. Analysts are sited as being educated spectators contributing recommendations, but some research houses have a definite interest in coming up with favorable outlook.


Robert Kennedy Jr. to join Dakota Access pipeline protests

Robert Kennedy Jr. to join Dakota Access pipeline protests

Late Monday, the company criticized the government's decision, noting that the Corps acknowledged that its original decision to grant the permit was consistent with legal requirements. "The police are taking it way too far with the protesters". Other area protests included gatherings at Lock and Dam 5A in Fountain City, and at an Army Corps office in La Crescent.


Only a surprise will halt December Fed rate hike: Bullard

Only a surprise will halt December Fed rate hike: Bullard

Silver prices edged higher on Thursday, as the USA dollar eased off 14-year highs ahead of Congressional testimony from Federal Reserve Chair Janet Yellen. Yellen reiterated the expectation of Fed officials that future rate increases will be "gradual". A group of reports released Thursday should provide support for Fed officials seeking to raise rates.


US Election 2016: Asia markets bounce back after Trump win

US Election 2016: Asia markets bounce back after Trump win

Japan's Nikkei 225 index added 1.3 percent to 17,401.90 as the USA dollar surged against the Japanese yen, a trend that would help exporters. Markets had been nervous about the prospect of a Trump presidency up-ending the global political order and tearing up long-standing trade arrangements.