Day: February 2, 2017

Oil Little Changed as Market Downplays U.S.-Iran Missile Test Dispute

Oil prices were little changed in U.S. trade on Thursday, retracing early gains as traders grew less concerned about mounting tensions between the United States and Iran, but prices were still supported by evidence that OPEC and other big exporters were cutting production. “Traders seem to have concluded the dispute between the U.S. and Iran over a recent missile test represents more of a war of words than the start of a military confrontation that would put supplies from the wider Persian Gulf at risk,” Tim Evans, Citi Futures’ energy futures specialist, said in a note.

Oil Little Changed as Market Downplays U.S.-Iran Missile Test Dispute

Oil prices were little changed in U.S. trade on Thursday, retracing early gains as traders grew less concerned about mounting tensions between the United States and Iran, but prices were still supported by evidence that OPEC and other big exporters were cutting production. “Traders seem to have concluded the dispute between the U.S. and Iran over a recent missile test represents more of a war of words than the start of a military confrontation that would put supplies from the wider Persian Gulf at risk,” Tim Evans, Citi Futures’ energy futures specialist, said in a note.

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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.

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However, the company’s outsourcing services have come under fire since the election of President Donald Trump. The outsourcing industry has also been facing headwinds from disruptive technologies like artificial intelligence.

How Big is the Super Bowl for Buffalo Wild Wings?

The chicken-wings-and-beer joint has seen its performance clipped after recording three straight quarters of falling same-store sales, but the Super Bowl this Sunday could move the ball downfield for the casual-dining chain, if fans flock to its restaurants. According to the National Chicken Council, Americans are set to consume 1.33 billion chicken wings over Saturday and Sunday, a 2% or 30-million-wing increase from last year.

How Big is the Super Bowl for Buffalo Wild Wings?

The chicken-wings-and-beer joint has seen its performance clipped after recording three straight quarters of falling same-store sales, but the Super Bowl this Sunday could move the ball downfield for the casual-dining chain, if fans flock to its restaurants. According to the National Chicken Council, Americans are set to consume 1.33 billion chicken wings over Saturday and Sunday, a 2% or 30-million-wing increase from last year.

The Future of Retail With This ETF

Investors and Wall Street analysts have been paying close attention to the struggles of traditional brick-and-mortar names, particularly department stores. Some recent data indicate rising credit defaults among traditional retailers, a theme that could weigh on standard exchange traded funds.

The Future of Retail With This ETF

Investors and Wall Street analysts have been paying close attention to the struggles of traditional brick-and-mortar names, particularly department stores. Some recent data indicate rising credit defaults among traditional retailers, a theme that could weigh on standard exchange traded funds.

Foreign Work Visas are Cheap Labor. So What’s New?

It’s common knowledge that Silicon Valley’s innovation engine would grind to a screeching halt if tech companies couldn’t hire foreign workers to make up for a chronic shortage of American engineers and scientists. And everyone knows that the H1-B visa program prevents that from happening.

FCC Republican argues against more federal broadband subsidies

Federal Communications Commission member Michael O’Rielly is not a fan of calls to increase federal spending on broadband subsidies, arguing that the approach has “serious potential drawbacks.” O’Rielly, a Republican, posted a blog yesterday adding his thoughts to a debate “over whether there should be an expansive infrastructure spending and policy bill” with broadband-related infrastructure provisions.

Teen Retailer Wet Seal Slips Into Bankruptcy

Struggling teen retailer Wet Seal is the latest to file for bankruptcy and plans to close all of its 142 U.S. stores by the end of February. Wet Seal filed for Chapter 11 protection Thursday morning, adding to a growing list of struggling retailers turning to insolvency amid a decline in mall traffic and an overall downturn in the industry.

On the Comeback Trail: Nike

Nike was the Dow’s biggest loser in 2016, but there are indicators suggesting 2017 could be a rebound year. Nike was the worst performing stock on the Dow in 2016, falling about 19%, according to S&P Global Market Intelligence, but there are indications that the sports apparel behemoth is making a comeback even as competitors falter.

Jim Cramer — We Need More Rates Hikes

The ADP nonfarm employment report released Wednesday blew way past expectations, causing many investors to become more optimistic about the labor market. That confidence will be put to test on Friday when the non-farm payrolls report is released.

Twitter is Having None of Facebook’s Friends Day

In a move that screams Facebook, the social media giant declared today Friends Day, because it obviously can’t just go out and say it’s celebrating its thirteenth birthday on February 4. Everything has to be a holiday. Honoring the friends that “make you, you,” Facebook created a video for each of its users designed to glorify all the friends you haven’t talked to in six years….and naturally it’s the only thing people are sharing today.

Stable Beats Sexy When It Comes to Valentine’s Day Finances

There’s still a hefty premium placed on a partner’s looks, but financial infidelity and other money troubles make a partner’s bottom line matter more. In a recent poll of 2,000 people conducted by finance site NerdWallet last year, 40% said a partner’s financial situation is more important than how the person looks.

Ralph Lauren CEO Leaving After Creative Clash With Founder

Ralph Lauren Corp. abruptly announced that Chief Executive Officer Stefan Larsson will be leaving after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. Larsson, who previously ran Gap Inc.’s Old Navy, will be departing Ralph Lauren on May 1 after less than two years on the job, the company said on Thursday.

Reckitt Targets Mead Johnson With Surprise $16.7 Billion Bid

Reckitt Benckiser Group Plc emerged as a surprise suitor for perennial bid candidate Mead Johnson Nutrition Co., starting talks on a $16.7 billion purchase of the baby food maker to build its faster growing consumer-health business and bolster its presence in Asia. The maker of Lysol cleaners said late Wednesday it’s in advanced negotiations to acquire the U.S. company for $90 a share in cash in what would be the second-biggest acquisition by a U.K. company since the Brexit vote.

U.S. Senate Budget Committee Approves Mulvaney as Budget Director

Rep. Mick Mulvaney testifies before a Senate Budget Committee confirmation hearing on his nomination of to be director of the Office of Management and Budget on Capitol Hill in Washington, U.S., January 24, 2017. REUTERS/Carlos Barria – … The U.S. Senate Budget Committee on Thursday voted to confirm Republican Representative Mick Mulvaney to serve as White House budget director under President Donald Trump.

Will I Pay a Marriage Penalty on My Taxes?

Tax laws treat married couples differently from single people, and in some cases, couples will end up paying more after they marry than they did when they were single. This phenomenon is known as the marriage penalty, and it most often happens when the two spouses each have similar and fairly high amounts of income.