Business

Crude oil stocks soar in biggest build on record

ET. Gasoline stocks fell by 2.2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million barrels drop. Traders say oil prices could drop further if the government data confirms the large build. "It looks like there are speculative longs quitting the market". Stockpiles are at the highest seasonal level in more than 20 years. The increase in stockpiles will add to investor concerns that the first Opec deal to cap production in eight years, agreed in ...

Business

Archer Daniels Midland (ADM) Surges on Mixed Q3 Results

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Archer-Daniels-Midland Company (NYSE:ADM) beats earnings by 41%, The Stock Missed Earnings 7 times and has met earnings 0 times. Zacks Investment Research downgraded Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 5th. Shares of American Electric Power Company Inc (NYSE:AEP) declined -2.25% to $63.38.

Business

Cliffs Natural Resources Inc. (CLF) Director Purchases $31920.00 in Stock

The firm shows the market capitalization of $25.05 Billion. Now shares have been suggested as BUY from 4 brokerage firms and recommended as Strong Buy by 24 brokerage firms.0 brokerage firms have issued Sell rating for the company and Strong Sell rating was issued by 0 brokerage firms.2 brokerage firms have rated the company as a Hold.

Business

Trader's Radar- AbbVie Inc.'s (ABBV)

AbbVie Inc makes up approx 0.61% of Hl Financial Services's portfolio.Wagner Bowman Management Corp boosted its stake in ABBV in the latest quarter, The investment management firm added 461 additional shares and now holds a total of 16,863 shares of AbbVie Inc which is valued at $1,030,667.

Business

North Dakota borrowing another $4M for protest costs

Medics were treating some protesters for hypothermia and others who were hit with pepper spray. This week people began to "check-in" on Facebook to the site of the protest in a show of solidarity and to confuse local law enforcement in Morton County as to how many protesters were present.

Business

$29.9bn Loan: Presidency accepts Senate's decision

The president, last Tuesday, forwarded a request to the National Assembly to approve external borrowing plan of $29.960 billion to execute key infrastructural projects across the country between 2016 and 2018. "So we are collating that information". The Budget Office of the Federation, the Debt Management Office, the Minister of Budget and National Planning, Minister of Finance and the economic team are collating the information so that it can be submitted to the Senate to enable them take the ...