Markets
OPEC Crude Oil Production Unchanged in April: Platts
The decline is being driven by expanding US output that's countering the group's curbs. He said traders saw $45 as an important level because the Saudi oil minister said earlier this week that prices would be kept in the $45-55 range. dollars (£40.96). The two ETFs will gain exposure to the benchmark by investing in listed futures contracts for West Texas Intermediate sweet, light crude oil future... [Full Article...]
Puerto Rico announces historic debt restructuring in court
The outcome of the case could have implications for financially troubled USA cities or states. He said he did not yet have details on the breakdown of those debts. Technically, the Title III procedure is not a bankruptcy, as Puerto Rico - because of its unique political status - is ineligible for protection under Chapter 9 of the U.S. [Full Article...]
Kite Pharma Crashes; Takes Other Biotechs With It
Following the acquisition, the chairman now owns 85,507 shares of the company's stock, valued at approximately $5,863,214.99. The company's market cap is $3.45 billion. New York State Common Retirement Fund raised its stake in shares of Kite Pharma by 26.0% in the third quarter. Finally, Mutual of America Capital Management LLC increased its position in Kite Pharma by 39.6% in the first quarte... [Full Article...]
Atalaya Mining PLC (ATYM) Earns Buy Rating from Canaccord Genuity
Among 10 analysts covering Allegheny Tech ( NYSE:ATI ), 7 have Buy rating, 1 Sell and 2 Hold. In analysts note revealed on Monday, 8 May, Wizz Air Holdings (LON:WIZZ) stock had its Equal-weight Rating reaffirmed by stock research analysts at Barclays. [Full Article...]
Federal Reserve Leaves Interest Rates Unchanged
Since the last meeting in March, "The labor market has continued to strengthen even as growth in economic activity slowed", the FOMC statement said , with "solid" job gains and another decline in the unemployment rate, which now sits at 4.5 percent. [Full Article...]
Liberum Capital Boosts Zpg Plc (ZPG) Price Target to GBX 450
Nocella Andrew P also sold $23,370 worth of Anglo American plc (LON:AAL) on Thursday, February 16. The stock increased 1.10% or $2.95 during the last trading session, reaching $271.9. RBC Capital Markets maintained Diageo plc (LON:DGE) on Friday, November 13 with "Outperform" rating. As per Friday, December 16, the company rating was downgraded by DA Davidson. [Full Article...]
Nvidia Q1 revenues leap 48%, boosted by GPU computing ops
Finally, Canaccord Genuity decreased their target price on shares of NVIDIA from $130.00 to $125.00 and set a buy rating for the company in a research note on Wednesday, April 5th. Huang added that the AI revolution is moving fast and is continuing to accelerate. The shares were sold at an average price of $114.53, for a total value of $4,772,006.98. [Full Article...]
UK Labour leader Corbyn: I won't quit if I lose election
Asking Mr Corbyn a fifth time to "categorically say that we would definitely leave", Kuenssberg put the possibility of a bad deal on the cards for the UK. "I was elected leader of this party and I'll stay leader of this party", he told BuzzFeed News on Tuesday. The Daily Mail hails Mrs May's pledge to cap "rip off" gas and electricity prices - saving families up to £100 a year - if they win ... [Full Article...]