Asia-Pacific stocks were largely lower Friday, with markets getting little direction from European and U.S. activity overnight, after what has been a choppy trading week.
The declines came against a backdrop of more political rumblings globally: U.S. sanctions against Russia, reshuffles in the White House and Special Counsel Robert Muellers decision to subpoena the Trump Organization.
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 1.3 million barrels last week, maintaining a total U.S. commercial crude inventory of 489 million barrels. The commercial crude inventory is now at the upper limit of the average range for this time of year.
Engineers Gate Manager LP bought a new stake in Scholastic Co. (NASDAQ:SCHL) during the first quarter, HoldingsChannel.com reports. The firm bought 5,509 shares of the company’s stock, valued at approximately $214,000.
A number of other hedge funds also recently bought and sold shares of SCHL. Assenagon Asset Management S.A. bought a new stake in Scholastic in the fourth quarter....More>>>
Widows and orphans have had a tough few months. Long-term U.S. Treasury bonds – often cited as the safest investment on the planet and suitable for the most cautious investors – lost more than seven years' worth of income in just the past four months. Lending money to the U.S. government for 30 years in exchange for a 2% yield turned out not to be such a good idea.....More>>>
Legacy Reserves LP (NASDAQ:LGCY) hit a new 52-week high and low on Tuesday . The stock traded as low as $8.74 and last traded at $8.63, with a volume of 42189 shares. The stock had previously closed at $8.36.
Several equities research analysts have weighed in on LGCY shares. ValuEngine raised Legacy Reserves from a “sell” rating to a “hold” rating in a report on Wednesday,....More>>>
The Miami Marlins are in baseball’s spotlight at an awkward time.
Marlins Park hosts the All-Star Game on Tuesday night at a time when Marlins owner Jeffrey Loria is trying to sell the team, attendance is bleak and ticket prices for regular-season games are among the lowest in the league.
Resale tickets for the All-Star Game, which will feature only two Marlins, are cheaper....More>>>
The world’s largest automaker is putting big money into electric vehicles in China.
Volkswagen (VLKAF) and its local partners plan to invest more than 10 billion ($11.8 billion) to build electric and hybrid cars in the country — the world’s biggest auto market — over the next seven to eight years.
More electric vehicles are sold in China than anywhere else....More>>>
Fiat Chrysler (NYSE:FCAU) is well positioned both geographically and in product terms to reap the benefits of its position, as we go into 2017. CEO Sergio Marchionne has astutely managed the strategic and brand issues involved. The company is better placed than its traditional rivals Ford (NYSE:F) and General Motors (NYSE:GM) and the stock market has undervalued its strong position. Recent announcements....More>>>
President Donald Trump fired some 200 top envoys upon his inauguration and has only filled 27 posts so far, mostly with political cronies who contributed to his campaign.
Trump’s appointment of Jon Huntsman, former governor of Utah and a former ambassador to China and to Singapore, fits neatly into both categories that usually determine a president’s patronage: experienced diplomat....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Penske Automotive Group (NYSE: PAG) is one of 20 publicly-traded companies in the “Automotive dealers & gasoline service stations” industry, but how does it compare to its peers? We will compare Penske Automotive Group to similar companies based on the strength of its earnings, v
Wall Street brokerages expect Illinois Tool Works (NYSE:ITW) to report $1.96 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Illinois Tool Works’ earnings, with estimates ranging from $1.95 to $1.99. Illinois Tool Works reported earnings pe
Red Rock Resorts Inc (NASDAQ:RRR) was the target of some unusual options trading activity on Thursday. Investors acquired 1,886 put options on the stock. This is an increase of approximately 1,036% compared to the average volume of 166 put options.