Business

Oil prices fall on higher OPEC output, rise in US crude stocks

Oil prices fall on higher OPEC output, rise in US crude stocks

Consequently, crude futures are trading at premiums to their underlying physical grades. "Crude responded predictably, with both Brent and WTI falling", said Jeffrey Halley of brokerage OANDA. There is "no viable alternative, right now, for, with partial exception of natural gas for oil use" for freight and trucks, he said, adding, "likewise, petrochemicals, it is not easy to see how we get plastics and other chemicals that we use in our daily lives without feedstocks coming from oil", to ...


Humana Ups Earnings Guidance, Stock Sinks On Medicare Star Ratings

Humana Ups Earnings Guidance, Stock Sinks On Medicare Star Ratings

CMS used the star ratings system to rank Medicare health plans on a scale of 1 to 5 stars, with 5 stars representing the highest quality. CMS said 51 percent of its Medicare Advantage members were in plans rated four stars or higher, compared to 22 percent in 2016.


Ford Motor Co.'s (F)

Ford Motor Co.'s (F)

The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. There was another key research note provided by Morgan Stanley on Monday September 19, 2016. During the same period in the previous year, the firm earned $0.47 EPS. (NYSE:F) reported its EPS in the last quarter as $0.52/Share lagging the analyst estimate of $0.6/Share by the difference of $-0.08.



How the Dow Jones industrial average fared on Wednesday

Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY ) is 1.47, with puts comfortably outnumbering calls. The S&P 500 Index fell 26.93 points, or 1.2%, to 2,136.73. "The bottom line is that it's not really priced into the market". The Dow Jones industrial average gained 88.55 points, or 0.4 percent, to 18,329.04.


US dollar climbs ahead of Fed minutes

US dollar climbs ahead of Fed minutes

FED MINUTES: The release of the Fed's minutes will later get investors' attention as they estimate when the central bank will raise interest rates next. - FOMC voters Dudley (NY) and George (KC) speak this morning; both likely to suggest a rate hike is warranted before end of year. The minutes of the meeting may attract more attention than usual, as the decision to leave rates unchanged was far from unanimous.


RBS chief: 'We let some of our SME customers down'

RBS chief: 'We let some of our SME customers down'

Confidential files leaked to the media organisations suggest bank staff could also pocket bigger bonuses by pinpointing firms for a restructure in what an RBS executive described as a "dash for cash". Tomlinson said: "These documents are massively significant in that they finally, for me, prove what was in my report". Senior analyst at Hargreaves Lansdown Laith Khalaf said: "The evidence now looks pretty damning against Royal Bank of Scotland, yet the irony is the taxpayer is going to end ...