Business

US rig count up 15 this week to 462

US rig count up 15 this week to 462 The U.S. rig count is still down 414 oil and gas rigs from the same time a year ago. Depressed energy prices have sharply curtailed oil and gas exploration. Amid steep cost reductions and higher oil prices versus the start of the year, producers are betting that a rebound is underway. After sliding every month this year from 9.2 million barrels per day in January, the EIA expects crude output to b... [Full Article...]

Van Gogh, Monet paintings seized in Malaysia graft probe

Van Gogh, Monet paintings seized in Malaysia graft probe These assets allegedly included high-end real estate and hotel properties in NY and Los Angeles, a $35 million jet aircraft, works of art by Vincent Van Gogh and Claude Monet, an interest in the music publishing rights of EMI Music and the production of the 2013 film The Wolf of Wall Street. [Full Article...]

Elon Musk reveals his new master plan for Tesla

Elon Musk reveals his new master plan for Tesla For the solar panel/battery roofs, Musk says he'll need to bring his SolarCity and Tesla companies together, potentially merging them in the future. The government is investigating the system after a Tesla driving in Autopilot mode crashed into a tractor-trailer in Florida in May. In areas where demand exceeds the supply of customer-owned cars, Musk sad Tesla will operate its own fleet of ... [Full Article...]

Fox News president resigns after accusations of sexual harassment

In the announcement, Mr. Murdoch thanked Mr. Ailes for "a remarkable contribution to our company and our country". Hopefully, Murdoch will be able to honor Ailes' legacy at Fox News by continuing to make the news more accessible to a broader audience while mostly ignoring the thing that caused Ailes to resign in the first place. [Full Article...]

Donald Trump all about Donald Trump in introducing Mike Pence as 'partner'

But Pence on Sunday said he was fine with Trump's style of campaigning. Stahl asked the governor, referring back to Trump's disparaging comments about the former Vietnam prisoner of war last July . PENCE: Donald Trump, this good man.will be a great president of the United States. They were also misled. Mr Trump dominated the segment as he tackled questions on policy areas over which the two h... [Full Article...]

Erdogan, Obama discuss Gullen's extradition after Friday's failed coup

Seeking to prevent damage to the economy, Erdogan said in his televised address that his government would not abandon fiscal discipline and that it was not facing liquidity problems. The Turkish military has been regularly hitting suspected PKK hideouts and position in Iraq since past year, but Wednesday's strikes were the first since the July 15 botched takeover attempt by a faction within the ... [Full Article...]

Mortgage Refi Demand Eases As Rates Firm

Mortgage Refi Demand Eases As Rates Firm The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases. Rates on a 30-year FHA-backed fixed-rate loan remained unchanged at 3.53%. The market share of refi apps increased to 64.2% from 64% the previous week. [Full Article...]

Cloud Business Boosted Microsoft Q4 Financials

The share price of Microsoft Corporation (NASDAQ:MSFT) surged 16.29 percent for the year. That was ahead of analysts' average forecast of 58 cents. "This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations", said chief executive Satya Nadella . [Full Article...]

Kaine emerges as favorite in Clinton's VP search

Kaine emerges as favorite in Clinton's VP search Yet, just two names remain on the narrowed list: Sen. That has led to more liberal scrutiny of Mr. Kaine's record. Mrs. Clinton aides, hoping to seize the moment and steal some of Donald Trump's thunder, planned to monitor his convention speech tonight and decide when it made the most sense to make the announcement. [Full Article...]

Trump Speechwriter Apologises for Melania's Speech, Offers to Resign

Trump Speechwriter Apologises for Melania's Speech, Offers to Resign Cruz was harshly critical of Trump in the waning weeks of their primary battle, calling the businessman a "pathological liar" and "utterly amoral". In a tweet shortly after the night's program ended, Trump said he had read the speech two hours earlier but chose to give Cruz his moment in the spotlight anyway. [Full Article...]

European Central Bank keeps interest rates at record low

European Central Bank keeps interest rates at record low The ECB (European Central Bank) chose to keep the key rates unchanged in the monetary policy review on July 21, 2016. The bank's 25-member governing council was meeting on Thursday at the bank's headquarters in Frankfurt , Germany. "The gold market is being driven by the direction of stock prices at the moment", Adrian Ash, head of research at online trading and vaulting service BullionVault, s... [Full Article...]

Microsoft's Cloud Strategy Working, Company Smashes Q4 Expectations

Including some adjustments, fiscal fourth-quarter revenue was US$22,6bn, compared with the average analyst estimate for $22,1bn, according to data compiled by Bloomberg. "We saw a dip, last quarter we came out of that dip, and now we're accelerating out of the dip". The company's revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company... [Full Article...]

Bank of Japan's Kuroda rules out 'helicopter money'

Bank of Japan's Kuroda rules out 'helicopter money' Oil prices declined after a rise in USA gasoline inventories pushed oil stockpiles to a record high, feeding uneasiness about a persisting global supply glut. Kuroda's remarks may be greeted with caution. It was last up 1 percent at 105.74 yen per dollar and 1.2 percent stronger versus the euro at 116.53 yen. [Full Article...]

Corbyn Calls On UK's Labour MPs To Unite To Take On Conservatives

Corbyn Calls On UK's Labour MPs To Unite To Take On Conservatives And the leftie leader boasted how it was his party who had delivered a "real difference". Jeremy Corbyn has used the launch of his leadership campaign to issue a plea to Labour MPs to unite behind him once the election is over. "The pharmaceutical industry invests more than £88 billion a year into research and development in order to bring new medicines and vaccines to patients to fight disease"... [Full Article...]

UBS says reported suspicious 1MDB transactions, working with regulators

Of the 240 million Singapore dollars seized, around 120 Singapore million belong to Malaysian financier and agent Low Taek Jho, who has been implicated in alleged mismanagement at 1MDB, and his immediate family. Prosecutors also said that money from 1MDB had been used to fund Hollywood film The Wolf of Wall Street, which was produced by a company founded by Riza Aziz, the stepson of Malaysian Prim... [Full Article...]

Melania Trump's speechwriter admits 'mistake' in copying passages from Michelle Obama

Trump's roughly 10-minute speech. "It was truly an honor to introduce my wife, Melania ". Did the campaign pay her on a freelance basis for this speech, or is the campaign simply relying on corporate resources for political purposes (a no-no in the campaign finance world)? Trump wrote on Twitter. [Full Article...]

Offer to resign by Melania Trump's speechwriter is declined

Melania Trump's speech Monday was well-received until suggestions surfaced that sections of it were plagiarized from Michelle Obama's address to the 2008 Democratic National Convention. "I asked to put out this statement because I did not like seeing the way this was distracting from Mr. Trump's historic campaign for president and Melania's handsome message and presentation", McIver said. [Full Article...]

Stahl Grills Trump on Pence's Iraq War Vote - Same as Hillary's

In the excerpt , CBS News' Lesley Stahl asked about a essay Pence wrote in which he said that negative campaigning was wrong. Gov. Mike Pence descended the jet stairs Saturday in Zionsville fresh from a coronation as the new GOP vice presidential candidate. [Full Article...]

McDonald's Japan Confirms Pokemon GO Collaboration

Pokemon GO is the new game from Nintendo that will launch on Android and iOS. A leaked McDonald's email has prompted developer Niantic to delay the launch of Pokémon Go in Japan. However, in latter parts of the game, players still encounter the same Pokemon from the beginning but only with a higher CP level. Perhaps it will give players looking for the ideal Pokemon training partner the o... [Full Article...]

Tiffany Trump Gives Speech at Republican National Convention - Watch Now

Tiffany Trump Gives Speech at Republican National Convention - Watch Now People mockingly attributed her with such famous lines as Martin Luther King's "I Have A Dream" and parts of the Gettysburg Address. His vice presidential pick, Indiana Gov. Did Donald Trump Jr. plagiarize part of his Republican National Convention speech the day after his stepmother was accused of doing the same? But her speech was quickly overtaken by charges that it included two passages-... [Full Article...]


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