Oil’s Slide Deepens on Mounting Demand Worries Unexpected rise in crude stockpiles sends prices to lowest close since mid-January A rout in oil prices deepened Wednesday after government data showed an unexpected increase in stockpiles, triggering fresh worries that demand for fuel is weakening alongside the U.S. economy. U.S. crude futures fell 4.7% to $51.09 […]
Tag: The Wall Street Journal
Tortoise's Rob Thummel in The Wall Street Journal
Shale Output Shows Signs of Slowing The number of active oil rigs in the U.S. fell to a 17-month low last week Oil prices are back on the rise, but shale drillers still have little incentive to ramp up activity. The number of active oil rigs in the U.S. fell to a 17-month low of […]
Atish Davda quoted in The Wall Street Journal
Postmates Watching Uber’s Market Debut as It Prepares for Summer IPO Uber’s stock-market performance could have impact on competitors’ valuations Uber Technologies Inc.’s stock performance following its expected Wall Street debut Friday could have significance for a range of companies in ride-hailing, food delivery and other emerging transportation services. One of those is Postmates Inc., […]
Rob Thummel quoted in WSJ
Oil Volatility Picks Up, Putting 2019 Rally Under Scrutiny Portfolio managers move into less-risky investments; prices swing with Trump pressure on OPEC and Iran Volatility is picking up in oil markets following a powerful 2019 rally, prompting a retreat among portfolio managers into less-risky investments in a sector that many investors still view as hot. […]
Nancy Tengler quoted in WSJ
Patagonia Triggers a Market Panic Over New Rules on Its Power Vests The sportswear company announced restrictions on its custom-branded vests to firms that “prioritize the planet,” leaving aspiring tycoons out in the cold Wall Street faces a crisis that touches the very core of its largely male workforce. In a panic-inducing announcement, Patagonia set […]
Nancy Tengler Quoted in The Wall Street Journal
Transports Are Rallying but Aren’t Yet Sending ‘An All Clear’ on Economy Shares of airlines, railroads and shipping companies are climbing, a bullish sign the U.S. economy is on strong footing and the broader stock market can continue its recent march higher. Transportation stocks are viewed as a barometer of economic activity because those companies […]
IFLY ETF in The Wall Street Journal
Turbulence for a Drone-Tied ETF ETFMG Drone Economy Strategy took a beating in 2018. But the team behind the ETF says it is poised to fly. Drones have gotten some bad press lately. But they still offer something for investors to get excited about, according to the team behind ETFMG Drone Economy Strategy ETF (IFLY). […]
Steve Kalafer comments on VW in WSJ
Volkswagen Dealerships Hopeful Over Potential Payout from Emissions Scandal Volkswagen expected to pay $1.2 billion collectively to dealers; specific details expected end of September Volkswagen dealers nationwide are largely striking a hopeful tone on news of the auto maker’s deal with some 650 Volkswagen franchise dealerships in the U.S. over its emissions scandal. Volkswagen expects […]
Steve Kalafer in WSJ
Volkswagen to Pay More Than $10 Billion to Settle Emissions Claims Company will pay diesel car owners at least $5,100 on top of buyback or fix Volkswagen AG is nearing a $10 billion civil settlement, the largest in the auto industry’s history, to compensate U.S. owners of vehicles affected by the German car maker’s emissions-cheating […]
root9B in WSJ
root9B Awarded Subcontract Supporting U.S. CYBER COMMAND COLORADO SPRINGS, Colo., June 3, 2016 — root9B, a root9B Technologies (OTCQB: RTNB), company and leading provider of advanced cybersecurity services and training for commercial and government clients, announced today that it has been awarded a subcontract from prime contractor Science Applications International Corporation (SAIC). The USCYBERCOM multiple […]
root9B in WSJ
root9B Technologies Provides 2016 Financial Outlook Forecast Calls for Net Revenue of Approximately $48.0 Million; Cybersecurity Revenue Expected to Increase by 370% from 2015 NEW YORK, May 24, 2016 — root9B Technologies (or “the Company”) (OTCQB: RTNB) announced today its outlook for certain financial and operating metrics for the year ended December 31, 2016. For […]
Steve Kalafer in the WSJ
Volkswagen Seeks to Rebuild Trust With U.S. Initiative German auto maker looks to appeal to customers, dealers following emissions scandal Volkswagen AG, struggling to get out in front of its emissions-cheating scandal, is trying to overcome missteps in its crisis-fighting strategy and plans to announce a new sales initiative in the U.S. this week as […]
Grasso on today's markets
Dick Grasso: Today’s Markets Aren’t Fair Turmoil in August was a sign something was awry with capital markets, former NYSE chief Richard Grasso says The former head of the New York Stock Exchange says modern markets have sacrificed fairness for speed. Read more here.
Tortoise in Wall Street Journal
Oil Prices Drop as U.S. Supplies Rise to Fresh Record U.S. Benchmark Crude Prices Fall Below $50 a Barrel Oil tumbled for the second day in a row, with the U.S. benchmark slipping back below $50 a barrel, after a government report showed U.S. crude stockpiles reached a new record high. Read more here.
PreciseType in WSJ
Hospitals Aim to Better Match Blood Donors and Recipients New Risks to Patients Needing Transfusions As researchers uncover more genetic variations in blood types, they are identifying new risks to patients needing transfusions. Read the article here.
Tortoise in the WSJ
Oil’s Price Drop Stands to Help Refiners Field-to-Pump Operations at BP, Shell Provide Insulation from Market Pressures LONDON—Falling oil prices mean energy companies and their investors can expect lower profits in the coming months. But big, integrated oil companies are likely to find that a recently unloved part of their business—oil refining—provides a cushion. Read […]
OWS: A Guy Who Won’t Be Participating
This is the story (it will be brief) of a 29-year-old blue collar guy who won’t be participating in the Operation Wall Street protests today. Brian Robinson works his butt off (and the butts of others as he helps run a couple of health clubs). Brian was one of the first recipients of the Cento […]
Donor of the Day: Helping the FDNY
Raising Funds for New York’s Bravest
Morning Reads
Peter Kenny always turns up some gems in his daily morning note from Knight (www.knight.com). Great market insight, interesting links and he finds some great “factoids.” He picked up this one from the WSJ this weekend (I had missed it), but the message hits home loud and clear: There was a letter to the editor […]
"Want a Beachhead In the U.S. Market? Get 50 Tons of Sand — German Software Maker SAP Kicks Off NYSE Listing Under Palms on Broad St. "
Robert Zito featured as a “marketing supremo” in The Wall Street Journal