U.S. oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years.
Day: January 23, 2017
Oil Eases After Two-Day Gain
U.S. oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years.
JP Morgan Sees U.S. Telecom Consolidation, T-Mobile Deal
U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years. T-Mobile could be involved in tie-up with Sprint, or be acquired by a cable company, JP Morgan said, adding that a transaction involving Dish Network or a sale to a foreign player that wants a foothold in the U.S. wireless market is also likely.
JP Morgan Sees U.S. Telecom Consolidation, T-Mobile Deal
U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years. T-Mobile could be involved in tie-up with Sprint, or be acquired by a cable company, JP Morgan said, adding that a transaction involving Dish Network or a sale to a foreign player that wants a foothold in the U.S. wireless market is also likely.
Hong Kong Shares Edge Up
Both the benchmark Hang Seng index and the Hong Kong China Enterprises Index were up 0.1 percent at the close, to 22,898.52 points and 9,726.82 points respectively. The market was under profit-taking pressure after recently rising above 23,000 points and would likely end the week around 22,800 points, predicted Steve Leung, director at UOB Kay Hian Holdings.
United Airlines Software Glitch, London Fog Ground Flights in U.S., Europe
Travellers faced a series of disruptions after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog. Travellers in the U.S. and Europe faced a series of disruptions late Sunday and into the start of the week after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog in the British capital.
United Airlines Software Glitch, London Fog Ground Flights in U.S., Europe
Travellers faced a series of disruptions after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog. Travellers in the U.S. and Europe faced a series of disruptions late Sunday and into the start of the week after a software glitch halted United Airlines traffic and London’s Heathrow Airport cancelled more than 100 flights amid intense fog in the British capital.
Trump’s election win costs Paddy Power Betfair A 5m
Donald Trump’s surprise win in the US presidential election cost Paddy Power Betfair nearly A 5m, the bookmaker has said. Paddy Power Betfair said it expected the total impact of “customer friendly” results in the final three months of last year to be about A 40m.
Trump’s election win costs Paddy Power Betfair A 5m
Donald Trump’s surprise win in the US presidential election cost Paddy Power Betfair nearly A 5m, the bookmaker has said. Paddy Power Betfair said it expected the total impact of “customer friendly” results in the final three months of last year to be about A 40m.
Samsung Stock Rises After Galaxy Note 7 Investigation Confirms Battery Failure
Samsung shares rose firmly in Seoul Monday after the company confirmed that battery faults were the cause of safety-related issues that led to its Galaxy Note 7 recall. Samsung Electronics shares rose firmly in Seoul Monday after the company confirmed that battery faults were the cause of safety-related issues that led to its Galaxy Note 7 recall.
European Stocks Called Lower Amid Dollar Pullback
European stock are expected to open lower Monday amid a major pullback in the U.S. dollar sparked by increasing concerns over the protectionist signals from President Donald Trump. European stock are expected to open lower Monday amid a major pullback in the U.S. dollar sparked by increasing concerns over the protectionist signals from President Donald Trump.
Allergan, Apple, Facebook: Doug Kass’ Views
Doug Kass shares his thoughts on buying retail, and discusses why he’s favoring the short side in a big way. Doug Kass shares his views every day on RealMoneyPro.
Apple. Alphabet, Cisco: Jim Cramer’s Views
Cramer shares his views on why Donald Trump is pretty much exactly what he was advertised as, and muses on Skyworks Solutions’ climb. Jim Cramer shares his views every day on RealMoney .
Norfolk Southern, Union Pacific and CSX: Jim Cramer’s Views
Cramer shares his views on the cost of being a ‘fundamentalist,’ and what the real story is behind the railroad stocks. Jim Cramer shares his views every day on RealMoney .