Business

Pittsburgh takes 2-0 lead in Stanley Cup

Pittsburgh takes 2-0 lead in Stanley Cup

Here's a weird stat for a weird Stanley Cup Final: In Game 2, the Penguins won their sixth game of the postseason in which they were outshot by 10 or more. The puck trickled under goaltender Pekka Rinne's pads at 3:13 to make it 3-1. Guentzel notched the game-winning goal in Games 1 and 2 of the Final, and his five winners this postseason is a rookie record. Read More

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Anger as Trump's U.S. leaves global climate pact

In a speech from White House's Rose Garden on Thursday, Trump pointed out that New Delhi would get billions of dollars for meeting its commitments under the Paris deal. But they pointed to America's existing record. Meanwhile, General Motors, the No. 1 US automaker, said it would continue its commitment to "creating a better environment". Read More

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New poll shows possible defeat for Theresa May

However, later on Wednesday sterling jumped to as high as $1.2865 after an opinion poll from Panelbase gave the Conservatives a 15-point lead over Labour. However, until now no poll has suggested that the Conservatives could lose their majority in parliament. Labour leader Jeremy Corbyn said the manifesto would create a "war between generations" if implemented. Read More

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Warriors coach Steve Kerr 'surprised' Cavs are considered underdogs

Warriors coach Steve Kerr 'surprised' Cavs are considered underdogs

This will mark the first such occurrence in National Basketball Association history . He wanted to provided a title for his home team, the Cavaliers . But there's also a clear respect level between the clubs as well. The Warriors have the second best offensive rating among playoffs teams - the Cavs are first - and had the league's best offensive rating during the regular season. Read More

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Stockpiles Lurch Backward, Oil Prices Leap

The expected increase in OPEC's net export earnings is attributed to slightly higher forecast annual crude oil prices in 2017 as well as slightly higher OPEC output during the year. Brent crude settled up US$1.10, or 2.1 per cent, at US$53.61, the highest settlement for the global benchmark since April 18. OPEC and the other producers are likely to cut oil production even more than the current 1.8 million barrels a day, according to Ed Morse, global head of commodities research at ... Read More

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China's Geely to buy Lotus, take stake in Malaysia's Proton

China's Geely to buy Lotus, take stake in Malaysia's Proton

Geely and DRB-HICOM expect to sign a final deal in July. This will follow regulatory and shareholder approval. One of Britain's most historic automakers will soon be Chinese-owned. However, it has been struggling with falling sales in recent years. Geely, one of the top Chinese automotive companies, saw its sales in China grew 50% a year ago to 766,000 vehicles. Read More

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Trump Is Open To Raising The Gas Tax

Trump Is Open To Raising The Gas Tax

Higher fuel taxes could increase costs for commuters - and could disproportionately hit lower-income workers, including Trump voters, who spend a greater percentage of their income on gasoline. In repeating his call for a reciprocal tax, Trump emphasized his enthusiasm for the approach, which resembles a system of import tariffs that would match those imposed by other countries on USA goods. Read More

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…to win in England is not easy - Chelsea's Conte

…to win in England is not easy - Chelsea's Conte

He was then dragged out of his post-match media conference by celebrating players David Luiz and Diego Costa , but not before pinpointing the key moment in his side's season. Finally, there were those who said the Stamford Bridge club benefited from not having to play in Europe this season. Shortly after Michy Batshuayi scored the all-important goal eight minutes from time to crown Antonio Conte's team champions, pockets of disturbance erupted in the Birmingham Road End and the East ... Read More

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Trump tells young immigrants in US illegally to 'rest easy'

Trump tells young immigrants in US illegally to 'rest easy'

The children of undocumented immigrants, or "dreamers" as they are called, say they are anxious Trump may end the Deferred Action for Childhood Arrivals (DACA) program, and are fearful of increased deportation efforts. While Trump has been telegraphing this shifting position on "Dreamers" since he assumed the presidency, he sang an entirely different tune when he was candidate Trump . Read More

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Workers relieve pressure on leaking Alaska oil well

BP Exploration Alaska (BPXA) employees discovered an uncontrolled gas release from the top of a well house on Friday morning. The BP leak comes as the remote North Slope, once home to the biggest US oilfields, enjoys a resurgence as companies work to improve production from aging wells and extend their reach to new supplies; North Slope production rose to 565K bbl/day in March, its highest level since December 2013. Read More

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VA tests partnership with CVS to reduce veterans' wait times

VA tests partnership with CVS to reduce veterans' wait times

Their visit would then be sent to the VA for follow ups. Under this program, nurses at the Phoenix VA facility's help line will be allowed to refer veterans to CVS' MinuteClinics when it is deemed "medically appropriate". Sen. John McCain (R-AZ) a veteran of the Vietnam War, where he was also a POW, supports the new program. The VA says veterans can use the site to compare that data with other facilities in their area. Read More

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Average mortgage rate drops to 5-month low

Average mortgage rate drops to 5-month low

The 30-year fixed rate hasn't dipped below 4 percent since November. It was the fourth consecutive week that 30-year mortgage rates have declined. 10 year loans can be had for 3.125% and April of 3.331% today. The Mortgage Collaborative network is more than 100 lenders strong, with an annual origination volume of $156 billion. The question is will this rally continue, or will rates quickly revert to the higher levels of just a few weeks ago. Read More

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USA trying to determine what chemical ISIS used in Iraq attack

USA trying to determine what chemical ISIS used in Iraq attack

Maj. Gen. Joseph Martin told reporters via video link from Baghdad that Iraqi forces were treated after a strike in western Mosul. Prime Minister Malcolm Turnbull said no Australian military advisers were affected by the gas. According to the Iraqi central command, a number of Islamic State's militants have taken advantage of the displacement movement from the ISIS-held areas in Mosul towards recently liberated areas. Read More

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Gold hits 5-month peak on rising geopolitical worries

Gold hits 5-month peak on rising geopolitical worries

Gold for June delivery climbed 0.3% to $1,291.90 a troy ounce on the Comex division of the New York Mercantile Exchange, closing at the highest since November 4. Investors remain nervous ahead of the first round of France's presidential election this Sunday, even though an opinion poll put centrist Emmanuel Macron first, just ahead of far-right, anti-euro candidate Marine Le Pen. Read More

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Steve Stephens found dead inside auto in Erie, Pa.

Stephens posted a video of himself killing Godwin, a former foundry worker who had 10 children, police said . "As a result of this bad series of events, we are reviewing our reporting flows to be sure people can report videos and other material that violates our standards as easily and quickly as possible", Justin Osofsky, Facebook's vice-president for global operations, said in a statement . Read More

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Force India co-owner Vijay Mallya bailed after extradition arrest

Force India co-owner Vijay Mallya bailed after extradition arrest

A hearing in a Westminster court was the first step in what could be a long legal battle for extradition. He is expected to be produced before the magistrate court in Westminster and is likely to be deported to India at a later date. Mallya, declared a wilful defaulter, left the country on March 3 and is said to be in the UK. However, foreign ministry abolished the charges saying India's deportation request was not covered under United Kingdom laws that allowed visitors to stay back even if ... Read More

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Aspen Skiing venture acquiring California's Mammoth Resorts

Aspen Skiing venture acquiring California's Mammoth Resorts

Today, just two days after Aspen Skiing Co. announced a partnership with KSL Capital partners and the purchase of Intarwest, the partnership purchased Mammoth Mountain , June Mountain, Snow Summit and Bear Mountain. Goldman, Sachs & Co.is serving as a financial advisor to Aspen, KSL and the new entity. That entity hasn't been named yet, but some media have labeled it "the Aspen group". Read More

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Google partners with PayPal to bring new checkout options for Android Pay

The Pali Bhat, the global head of payment products in Google stated that the "Millions of people already use their PayPal account to make online purchases, receive payments and send money to friends and family". PayPal has already been a payment service in the Google Play store for almost three years. You'll be able to initiate the pairing of your PayPal account to your Android Pay account from either of the eponymous mobile apps for Android. Read More

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Bank of America sees profits jump

Bank of America sees profits jump

Bank of America continued the trend of strong bank earnings so far this quarter. Bank of America's stock fell 31 cents, or 1.4 percent, to $22.47 in midday trading. The ex-dividend date of this dividend was Wednesday, March 1st. Bank of America Corp's dividend payout ratio (DPR) is now 21.74%. Several research firms have recently weighed in on BAC . Read More

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Wal-Mart eliminates more corporate jobs

Wal-Mart eliminates more corporate jobs

The salvo reflects Walmart's belief that its network of physical stores gives it a leg up on its online-only retail rivals. Initially, the discount will be available on about 10,000 items. The effort builds on Jet's Smart Card business model, which provides discounts to customers who package items together or forgo returns. To combat Amazon , Walmart .com is busy hiring technology workers for its Sunnyvale and San Bruno offices. Read More

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Arconic CEO agrees to step down

Arconic CEO agrees to step down

Klaus Kleinfeld, the chief executive of Alcoa was the key figure in getting the board approval to spin off a fast-growing subsidiary, Arconic from the parent company and became its CEO. Elliott has been pushing the company to replace Kleinfeld to improve returns for shareholders. Patricia Russo, the company's lead director and chair of Hewlett Packard Enterprise Co., was named interim chair. Read More

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Sajjan to talk defence, trade and innovation with Indian officials this week

Sajjan to talk defence, trade and innovation with Indian officials this week

Pressed about Amarinder Singh's allegation, Sajjan said: "I am not gonna get into petty politics of one CM or anybody". Amarinder had on April 12 alleged that Sajjan, like his father, is a "Khalistani sympathiser" and he would not meet him during his scheduled visit to India from April 17 as he (Sajjan) and four other Sikh ministers in the Justin Trudeau cabinet scuttled his visit to Canada before Punjab assembly polls. Read More

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Sells 720 Shares of Caterpillar Inc. (CAT)

Zacks Investment Research lowered shares of Caterpillar from a "hold" rating to a "strong sell" rating in a research report on Thursday, December 22nd. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/04/17/caterpillar-inc-cat-shares-sold-by-capstone-asset-management-co.html. Read More

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