Business

Oil rises after US inventories drop, but extra supplies weigh

Oil rises after US inventories drop, but extra supplies weigh

The price for Brent crude oil was down 0.3 percent about a half hour before the opening bell to $49.19 per barrel. Pessimism may be sinking in on the trading floor as the price for crude oil moves further away from $50 per barrel. Prices surged immediately after the agreement, but have come under sustained pressure in recent weeks as US production has ramped up and pushed back the expected timing for when the oil market will come into balance.



Has $454000 Position in First Horizon National Corp (FHN)

BlackRock Institutional Trust Company N.A. increased its position in First Horizon National Corp by 21.0% in the third quarter. Franklin Resources Inc. The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Friday, June 9th will be given a $0.09 dividend.


France's new president proving a keeper of secrets

France's new president proving a keeper of secrets

Now that France has chosen a new president, there is another political battle looming - a vote for a new parliament next month. Macron also expressed a desire to recruit people from outside the political elite, and 52 percent of the candidates on his list have never held political office before.


Nabors Industries Ltd. (NBR) Given Consensus Rating of

Nabors Industries Ltd. (NBR) Given Consensus Rating of "Buy" by Brokerages

Nabors Industries Ltd .'s ROE is -22.3%, while industry's is -16.31%. It worsened, as 48 investors sold Nabors Industries Ltd . shares while 114 reduced holdings. The company's revenue was up 30.7% on a year-over-year basis. Nabors Industries Ltd . (NYSE:NBR)'s quick ratio for most recent quarter is 1.30 along with current ratio for most recent quarter of 1.50.



Snapchat shares tumble as results miss Wall Street targets

Shares of Twitter Inc, which competes with Snap and had 328 million average monthly active users in the latest quarter, had also tumbled 24 percent after its first quarterly report. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & global copyright and trademark legislation.


Bank of England warns on wages and cuts growth forecast

Bank of England warns on wages and cuts growth forecast

Stronger sterling, disappointing Q1 data and continued uncertainty over Brexit negotiations has seen the Bank of England's monetary policy committee vote 7-1 to hold rates at 0.25 per cent. Sterling appreciated by 2.5% between the February and May Inflation Reports, although it remained 16% below its November 2015 peak. The MPC kept its benchmark interest rate at a record-low 0.25 percent, though Kristin Forbes dissented again, voting for an immediate increase.