Markets
Dollar index at 15-month lows after Jackson Hole speeches
Last time round (http://www.marketwatch.com/story/what-happened-to-mario-draghis-silver-tongue-2017-06-28), his speech at Sintra two months back also caused the euro to surge, which can have a "disinflationary" impact and hamstring the central bank's efforts to stimulate a broad economic recovery across the eurozone, said Eric Lascelles, chief economist of RBC Global Asset Management. [Full Article...]
Woman Wanted For Throwing Cup Of Urine On Bus Driver
She was later caught by police, but has yet to be formally charged. She said she needed to relieve herself. Metro Transit Police are still trying to identify the woman who assaulted the bus driver. "It will be enforced to the same degree as other rules on the Metro system", she said. "I'm not turning around so much", she said. The driver of the bus was taken to the hospital to be decontamina... [Full Article...]
Rite Aid Corporation (RAD) Short Interest Update
Rite Aid Corporation (NYSE: RAD ) has a market cap of $2.37 billion and over the last 12 months, RAD has declined by -69.58%. Van Eck Associates Corp decreased its stake in Western Union Co/The (WU) by 98.56% based on its latest 2016Q4 regulatory filing with the SEC. [Full Article...]
Gasoline Jumps After Harvey Shuts US Refiners
The nation has huge stockpiles of gasoline and oil. Almost a quarter of US fuel output was knocked out since Harvey made landfall on Friday in Texas, where several large refiners are located. Now, those high oil inventories are providing a helpful cushion in the aftermath of Harvey. The U.S. refining industry enjoyed strong margins in recent weeks and the fallout from the hurricane is likely... [Full Article...]
With Harvey Looming, Traders Rush to Ship Oil From Louisiana
Louisiana had become the last exit and entry point into refinery row on the U.S. Gulf Coast. The most powerful Hurricane to hit Texas in more than 50 years has devastated much of the coast, and the historic flooding is now causing havoc in the energy markets. [Full Article...]
Gas Prices Soar After Hurricane Harvey
In the Great Lakes region and Central U.S., all states but Missouri saw price increases, and IN saw the largest price increase at 11 cents from one week ago. AAA predicts the next 10 days will see the highest surge in prices of 2017, "likely pushing the national price for gasoline to the $2.50 range and keeping California above $3 a gallon". [Full Article...]
Shares Trading down at $7.83 (CHS) Chico's FAS, Inc. Reports Second Quarter…
According to Finviz reported data, The SMA20 of the stock is at -6.26 percent, SMA50 is -10.27 percent, while SMA200 is -36.55 percent. Chico's earnings declined to $22.72 million, or 18 cents per share, in the quarter ended July 30, from $23.04 million, or 17 cents per share in the year-earlier period. [Full Article...]
Gas Prices Up In Missouri
It's up a penny already since yesterday. "Stations located directly off the highway will have more expensive prices, but you will probably see a price reduction of 20 to 30 cents if you go a little bit out of your way". Refineries not affected by the storm will work over time and benefit from "crack spread". "If you are a refiner, you are pretty happy", DeHaan said. [Full Article...]