Markets
Scotland's unemployment rate drops to lowest since recession
A broader market of the state's unemployment, the U-6 or "underemployment" rate, fell from 8.1 percent to 7.7 percent in May. "With the employment rate rising, it's clear this is hugely positive news for our economy and the jobs market". "Oregon's labor force keeps growing". Meanwhile the total number of employed stood at 26,824,000 which was an increase of 375,000, or 1.4%, year-on-year. [Full Article...]
Federal Reserve boosts interest rate
The decision to hike rates was contingent on whether improvement had been made toward the central bank's two objectives, maximum employment and price stability, or inflation approaching its 2 percent objective. Fed officials also cut their forecast for inflation, one of the last indicators to really pick up momentum in recent years. They continue to expect the economy to grow 2.1 percent next year... [Full Article...]
World Asset Management Inc Has $6.99 Million Position in BP plc (BP)
Shares of Contango Oil & Gas Company ( NYSEMKT:MCF ) traded up 0.45% during mid-day trading on Wednesday, hitting $6.77. Smith Asset Management Group LP raised its position in BP p.l.c.by 1,213.1% in the first quarter. The business's revenue for the quarter was up 45.1% compared to the same quarter past year. Contango Oil & Gas Company had a net margin of 4.56% and a return on equity of 1.49%. [Full Article...]
Sm Energy Company (SM) — Trending Stock Buzzer
Stock rose 1.68% over the trailing 6 months. About 24,870 shares traded. 15,000 are owned by Glaxis Capital Mgmt Ltd. Illinois-based Advisory has invested 0.02% in Diamondback Energy Inc (NASDAQ:FANG). PEP's profit will be $2.00B for 21.03 P/E if the $1.40 EPS becomes a reality. After $0.60 actual EPS reported by International Paper Co for the previous quarter, Wall Street now forecasts 16.67% EPS... [Full Article...]
BC Liberal cabinet sworn in but defeat looms for minority government
The new responsibilities given to Langley East MLA Rich Coleman illustrate this point perfectly. Energy and Mines: Former Natural Gas and Housing minister Rich Coleman takes this portfolio over from Bill Bennet, who also retired at the end of last session. [Full Article...]
A massive high rise fire in London has killed 6 people
He added: "The UK's regulatory framework for tall residential buildings is meant to prevent the spread of fire between floors and between apartments". It neighbours the chic district of Notting Hill, famed for its Portobello Road market from where the flames of Grenfell Tower were still visible on Wednesday afternoon. [Full Article...]
US Fed raises rates, unveils balance sheet cuts in sign of confidence
The FOMC signaled it remains hopeful "labor market conditions will strengthen", and said it expects USA economic activity to get stronger as well. In a nod to worries about low inflation, the post-meeting statement said the committee "is monitoring inflation developments closely" as it noted year-on-year inflation had "declined recently". [Full Article...]
Jefferies Group LLC Reaffirms Buy Rating for Zpg Plc (ZPG)
The correct version of this story can be accessed at https://baseballnewssource.com/markets/zpg-plcs-zpg-buy-rating-reaffirmed-at-jefferies-group-llc-updated-updated/869868.html. It was another day, another outsourcing company showing strong gains after an update today, with Capita PLC (LON:CPI) following on from the post-results bounce by Mitie Group PLC ( LON:MTO ) on Monday. [Full Article...]