Business

Hurricane Harvey Takes Aim at US Refining Sector

Hurricane Harvey Takes Aim at US Refining Sector

The national average has increased 6.0 cents per gallon during the last month and stands 14.4 cents per gallon higher than this day one year ago. The storm also revived a long-running debate about the Strategic Petroleum Reserve, which holds 679 million barrels of crude oil in four locations in Texas and Louisiana.


US consumer confidence jumps

US consumer confidence jumps

The assessment of consumers of today's labor market was also more positive. The measure of jobs that were hard to get dropped to just over 17.3% which is the lowest level it has been since August of 2001. The U.S. future-expectation index increased slightly from 103 to 104, which suggests consumers do not anticipate acceleration in the economic during the months ahead.


Air Berlin confirms deadline for bids

Air Berlin confirms deadline for bids

The chief executive of the Irish budget airline said at a press conference in Berlin that Ryanair would only join the scramble for Air Berlin's assets if it was "a fair and open process". Other interested airlines cited in media reports include package holiday firm TUI, British low-priced carrier EasyJet and Thomas Cook subsidiary Condor, as well as Bavarian entrepreneur Rudolf Woehrl.



Big 5 Sporting Goods Corporation (BGFV)

The SI to Dicks Sporting Goods Incorporated's float is 13.21%. About 614,562 shares traded. Dick's Sporting Goods Inc declared a dividend for shareholders payable on Friday the 29th of September 2017. On August 16 the company was downgraded to "Equal-Weight" from "Equal-weight" and a price target of $30.00 was set in a statement from Citigroup. During the same period past year, the business earned $0.82 earnings per share.


Oil prices climb as unsafe hurricane approaches Texas

Oil prices climb as unsafe hurricane approaches Texas

Production is still at levels not seen in 2 years and is the largest headwind to crude prices. Though oil prices are still half what they were about three years ago, Karr Ingham, an economist with the Texas Alliance of Energy Producers, said it's clear that USA shale producers are resilient.