House passes bill that would repeal U.S. oil-export ban
House passes bill that would repeal U.S. oil-export ban
House passes bill that would repeal U.S. oil-export ban
Lumber Liquidators shares rocket 24% to lead S&P gains
The streaming giant is pushing further into the content space, competing for programming and films, and continues to advance its 200-country expansion plan by the end of 2016.
The streaming giant is pushing further into the content space, competing for programming and films, and continues to advance its 200-country expansion plan by the end of 2016.
Oil futures briefly climbed back above $50 a barrel after data from Baker Hughes showed that the number of active U.S. oil-drilling rigs fell 9 to 605 as of Friday. The total active U.S. rig count, which includes natural-gas rigs, was at 795, down 14 rigs. Compared to last year, the total rig count has fallen by 1,135, with the oil rig count down 1,004. Nov. crude climbed back above $50 after the rig data, but was last at $49.84 a barrel on the New York Mercantile Exchange, up 41 cents, or 0.8%.... Читать дальше...
Film and TV company Lions Gate Entertainment Corp. on Friday said it's reached an agreement with one of China's largest online video platforms iQIYI, for the service to stream Lions Gate films. Terms of the deal were not disclosed. The long-term deal gives iQIYI subscription video on demand and pay-per-view video on demand rights to some of Lions Gate's most popular, as well as third-party feature films. The deal gives iQIYI an exclusive window to offer films such as "The Hunger Games: Mockingjay--Part... Читать дальше...
Yahoo bans employees from playing in paid fantasy-sports contests, after other FanDuel and DraftKings did the same earlier this week.
Yahoo bans employees from playing in paid fantasy-sports contests, after other FanDuel and DraftKings did the same earlier this week.
Tesla Motors Inc.'s stock dropped 3.2% in active premarket trade Friday, after Barclays analyst Brian Johnson slapped the equivalent of a sell recommendation on the electric car maker, saying the Model X rollout was not the technical boost he had expected. Johnson cut his rating to underweight, after being at equal weight since August 2013. He lowered his stock price target to $180, which is 21% below Thursday's closing price of $226.72, from $190. "Launch events typically generate a run-up into the event, with some payback after. Читать дальше...
Google Inc.'s price target was raised to $815 from $750 at Credit Suisse on Friday. Analyst Stephen Ju also reiterated an outperform rating on the expectation that search volume was strong and YouTube was hardly impacted by premium videos on Facebook Inc. . Google is set to report third-quarter earnings after the market close on Thursday. Shares of Google were up 0.5% in premarket trade, putting the stock on track to open around $670.38. Its shares have risen 23% over the last three months, outperforming the S&P 500's 2% decline. Читать дальше...
On Thursday Netflix Inc. increased the price for its standard subscription service to $9.99 from $8.99 for new customers. The streaming giant saw shares climb as much as 12% off the intraday low following news of the price hike. On Friday Wedbush analyst Michael Pachter said in a note that the price increase and competition reflect chinks in the company's armor. Pachter is bearish on Netflix, with a $40 price target and an underperform rating on the stock. "We believe that the increase reflects... Читать дальше...
Eli Lilly & Co.'s stock climbed 1.7% in premarket trade Friday, after the drug maker was upgraded at Credit Suisse, which said it anticipated better-than-expected sales of the diabetes drug Jardiance, sooner than originally expected. Analyst Vamil Divan raised his rating to outperform, after being at neutral the last two years. He lifted his stock price target to $105, which is 25% above Thursday's closing price of $83.77, from $89. Divan said a proprietary survey indicates that most physicians... Читать дальше...
Walmart U.S. has named Steve Bratspies chief merchandising officer for U.S. stores, effective Oct. 19. He will oversee all merchandise categories for more than 4,500 Walmart stores across the country. Bratspies joined the company in 2005 and was most recently executive vice president of food for Walmart U.S. Charles Redfield has been appointed executive vice president for food at Walmart U.S. Redfield joined Sam's Club as a cashier in 1988 and was most recently the executive vice president of merchandising for Sam's Club. Читать дальше...
European stock markets closed sharply higher after minutes from the Federal Reserve indicate the U.S. central bank is in no rush to raise interest rates.
China may once again become a major source of worry for U.S. corporate earnings and the stock market, as the outlook for sales in the country has soured for a number of companies.
London benchmark FTSE 100 closes out best week since 2011
The U.K.’s benchmark stock index rose for an eight straight session on Friday, logging its best week in almost four years as Glencore PLC led mining-related stocks higher after announcing production cuts.
Oil futures are losing their grip on $50 a barrel, but holding firmly onto a gain for the week.
One disturbing footnote of the Fed’s September meeting is that the staff of the U.S. central bank got even more gloomy about the long-run growth rate of the U.S. economy
Americans have saved a bundle at the pump since gas prices began to plunge in the middle of last year. So did households tuck the money away, pay down debt or splurge?
There are hidden dangers to switching credit cards for bonuses
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