Economy

Gulf Refinery Recovery Could Take Weeks; Fuel Prices Rise

Gulf Refinery Recovery Could Take Weeks; Fuel Prices Rise On Aug. 15 the front-month Brent future was at a premium of 17 cents to the second-month and 18 cents to the third. The analyst noted propane prices barely edged higher. The immediate impact has been to drive USA gasoline prices sharply higher, prompting cargoes to move from regions as far away as Asia to the United States . [Full Article...]

Here's why the United States stockpiles emergency oil

Here's why the United States stockpiles emergency oil ET, the new front-month contract in NYMEX gasoline, October, was down $0.0492, or 2.8%, at $1.7300 per gallon. But as the United States in recent years has become a crude oil and petroleum product export market, ramping from some hundred thousand barrels of crude exports per month in late 2013 to more than 1 million barrels of crude exports this past May, it is becoming clear to industry wat... [Full Article...]

Lower supply, increased demand prompts gas price jump

Lower supply, increased demand prompts gas price jump Montreal suburban gas stations continue to post a price of $1.16. He said Thursday, Friday and Saturday this week "will be days where we see the biggest increases". On Monday, the average price on the island was $1.16. That translates to about 75 cents USA per gallon, he said, adding typical U.S. increases in affected states have been only about 20 cents per gallon. [Full Article...]

Thousands waiting for rescue, more than 30K homes destroyed in Houston area

Thousands waiting for rescue, more than 30K homes destroyed in Houston area The Baytown refinery is the second-largest in the US Exxon's disclosures highlighted the danger posed by flooding in a refinery-rich section of the Gulf Coast that stretches from Corpus Christi, Texas , to Louisiana . "We just don't know". "We are starting to see a glimmer of hope in what has happened", Harris County Flood Control Meteorologist Jeff Linder said in a news conference Tuesday eve... [Full Article...]

US job growth slows to 156K; unemployment up to 4.4%

US job growth slows to 156K; unemployment up to 4.4% The services sector had the weakest growth, as employment increased by only 95,000, little more than half the size of gains made in recent months. Firms added 156,000 jobs in August, somewhat below the consensus forecast of about 180,000. [Full Article...]

Don't panic, Hurricane Harvey could send gas prices up

Don't panic, Hurricane Harvey could send gas prices up The price of a litre of regular fuel at many capital region service stations was $1.299 on Monday, with Costco at $1.249, GasBuddy states. The rise of the price is anticipated to be short-term if the refineries can start running back soon. [Full Article...]

FDA Approves Firmware Fix for St Jude Pacemakers

FDA Approves Firmware Fix for St Jude Pacemakers The update process will take approximately 3 minutes to complete. The FDA said that, while there are no known reports of patients being harmed by cybersecurity vulnerabilities, there's still an increased risk that those vulnerabilities could be exploited by an unauthorized user accessing a patient's device. [Full Article...]

Oil prices dip on refinery shutdown

Oil prices dip on refinery shutdown International Brent crude futures closed up 11 cents or 0.2 percent to $52.00 a barrel. US offshore regulators estimated that, as of Monday, about 19 percent of the total daily production from the Gulf of Mexico was idled by the storm , which remains parked over parts of south Texas. [Full Article...]

U.S. growth upgraded to 3 percent in second quarter

U.S. growth upgraded to 3 percent in second quarter The U.S. Department of Commerce's Bureau of Economic Analysis delivered a better-than-expected growth second estimate of gross domestic product (GDP) for the second quarter of 2017. The chief driver of second-quarter strength was consumer spending. Investment by businesses also improved to growth of 6.9%, reflecting higher spending on structures, equipment and intellectual property. [Full Article...]

Shoppers 'pleasantly surprised' by Whole Foods price cuts

Shoppers 'pleasantly surprised' by Whole Foods price cuts Whole Foods Markets healthy and high-quality private label products—including 365 Everyday Value, Whole Foods Market, Whole Paws and Whole Catch—will be available through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. What the online retailer nearly certainly won't do is undermine the brand equity Whole Foods has built up over decades by lowering the quality of its merchandise. [Full Article...]

MI unveils all-maize uniforms for game vs. Florida

MI unveils all-maize uniforms for game vs. Florida The highly-touted Robinson, who came to Florida as a 4-star wide receive prospect according to 247Sports, ran into trouble with the law earlier this year while visiting a Big Ten powerhouse. Graduate transfer Malik Zaire (Notre Dame) and redshirt freshman Feleipe Franks are competing with Luke Del Rio, the junior incumbent. "I'm not going to tell you what it is, so there's no reason to ask, but ... [Full Article...]

Nozomi Okuhara steamrolls Saina Nehwal to enter final

Nozomi Okuhara steamrolls Saina Nehwal to enter final She defeated Nehwal, 12-21, 21-17, 21-10, getting stronger as the match went on. "Midway through the first game, we surrendered consecutive points and had to change something", Matsutomo said. Even as Chen Yufei made headlines by knocking out top seed Akane Yamagu Chi of Japan on Thursday and former world champion Ratchanok Intanon of Thailand on Friday, not many were surprised at these re... [Full Article...]

Amazon is Dropping Whole Foods Prices Starting Monday

Amazon is Dropping Whole Foods Prices Starting Monday When Whole Foods first debuted in my area about 15 years ago, I was excited to start buying organic and be able to seek out healthier options to common ingredients found at my local supermarket. Another customer said this is good news . The move sends a clear message to the U.S. grocery industry-Amazon is ready to begin its foray into the market in much the same fashion. [Full Article...]

Ulta Beauty, Inc. (ULTA) - KeyBanc Maintains Rating And Raises Price Target

Ulta Beauty, Inc. (ULTA) - KeyBanc Maintains Rating And Raises Price Target The market capitalization of the company is at $14.33 Billion. Andra Ap owns 0.07% invested in Ulta Beauty Inc (NASDAQ: ULTA ) for 9,800 shares. The company has market cap of $997.98 million. (NYSE:CMG) stake by 17,441 shares and now owns 82,365 shares. The forecast of 12 surveyed investment analysts covering the stock advises investors to Buy stake in the company. [Full Article...]

NZ dollar falls back toward 72 USA cts

NZ dollar falls back toward 72 USA cts Still, while Yellen says post-crisis reforms have made the American financial system "substantially safer," there are still challenges to be addressed. However, orders for transportation equipment plunged 19%, weighing on the overall orders for durable goods. Hong Kong's Hang Seng index advanced 0.4 percent to 27,518.60 while the Shanghai Composite Index fell 0.5 percent to 3,271.51. [Full Article...]

Trump wanted McConnell to 'protect him' from Russian Federation scandal probe

But at least one member of his party says it's uncertain if he'll become the GOP's standard-bearer. "I don't think a government shutdown is necessary and I don't think most people want to see a government shutdown, ourselves included", Ryan told reporters in Hillsboro, Oregon. [Full Article...]

Apple to operate self-driving bus to ferry employees to office

Apple to operate self-driving bus to ferry employees to office Palo Alto to Infinite Loop ( PAIL ) is the name of the new shuttle scheme from Apple . A report in the New York Times suggested that Apple will be focusing on self-driving technology rather than production on an automobile from scratch . [Full Article...]

State approves millions in tax incentives for Apple data centers

State approves millions in tax incentives for Apple data centers Apple is reportedly planning to invest in a new data centre in the U.S. state of Iowa, becoming the fourth major technology company to put down roots in the area. The decision was lauded by Iowa Governor Kim Reynolds, a Republican. This gives us the opportunity with a global company like Apple to say we are the place to be. [Full Article...]

RBI to Introduce Rs 200 From September 2017

RBI to Introduce Rs 200 From September 2017 The central bank's plan to add Rs 200 denomination note into circulation is expected be a big relief as it gets hard at times to find change for Rs 500 note. The notes have reportedly gone through multiple checks for security and quality at government printing presses. "Now, they brought Rs 2,000 and Rs 500 notes but they too should be scrapped", Naidu, who heads a panel of chief ministers on di... [Full Article...]

Ford becomes the latest auto manufacturer to offer a diesel scrappage scheme

Ford becomes the latest auto manufacturer to offer a diesel scrappage scheme Consumers will be given 2,000 pounds off new Ford models ranging in price from around 12,000 pounds to more than 20,000 pounds. Andy Barratt, Ford of Britain chairman and managing director, said: "Ford shares society's concerns over air quality". [Full Article...]


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