USA oil production seen thwarting OPEC effort to boost prices

Crude futures had shed more than 40 cents in the first few hours of trading Wednesday in Asia , in response to a build in U.S. crude and gasoline inventories reported by the American Petroleum Institute for the week ended June 9. Adding to the supply surplus is rising US production from shale drillers that has pushed USA output up by 10 percent over the past year to 9.3 million bpd, not far below levels by top exporter Saudi Arabia . Read More

Scotland striker Leigh Griffiths 'gutted' after England's last-gasp leveller

Thoughts on Joe Hart's performance against Scotland on Saturday afternoon? Griffiths, 26, had never previously scored for Scotland and his goals drew rich praise from manager Gordon Strachan after a result that kept Scotland in fourth place in the pool. Read More

Pres. Trump Proposes Privatizing Air Traffic Control

The FAA has been trying to get up to speed with its Next Generation Air Transport System, or NextGen , but analysts say it's fallen short of expectations . House Transportation and Infrastructure Committee Chairman Bill Shuster , R-Pa., has proposed using NavCanada as a model. "As long as we have this constant barrage of tweets and outrage du jour, it makes Congress' job of moving legislation that much harder", Heye said. Read More

Saudi's Falih says more oil output cuts possible, will assess in July

Saudi's Falih says more oil output cuts possible, will assess in July

The move pushed Brent crude prices up as much as 1 percent, before paring gains to trade down 30 cents at $49.65 a barrel at 1046 GMT (6:46 a.m. ET). He said his administration could try to renegotiate the existing agreement or try to create a new one that is more favorable to the U.S. Read More

Hong Kong stocks hit 22-month high despite Moody's China downgrade

Whilst acknowledging that reforms on the financial system are being implemented, the agency said it is unlikely to prevent a further material rise in economic debt and government liabilities. The move brings Moody's in line with rival Fitch, which has had an equivalent A+ rating on China since November 2007. China's economic growth may face more headwinds in the second half, sparking risk aversion at some point late this year. Read More

Fox News finds itself in unaccustomed spot

Fox News finds itself in unaccustomed spot

Fox News did still win the total-day viewership crown with 1.5 million, to MSNBC's 1.2 million and CNN's 1.08 million. The NBA playoffs made TNT the week's most popular cable network. All three networks are up significantly from the same period a year ago - and even with its string of nights at No. 3, FNC is still winning the month of May in both primetime and total day. Read More

'Surreal': Guardian Reporter Who Says He Was Body-Slammed Recounts

Last night I made a mistake... Saying he was "not proud" of his behavior, he added, "I should not have responded the way I did, for that I'm sorry". And both parties also privately grumbled about their candidates. But Republicans rapidly mounted a wilting attack on the airwaves over Quist's financial troubles, including a history of unpaid taxes and liens. Read More

Branstad era ends, Reynolds to be Iowa's 1st female governor

Branstad era ends, Reynolds to be Iowa's 1st female governor

This process includes the swearing in of Lt. Gov. Kim Reynolds, the replacement for Gov. Branstad. "You're the right person for the right time serving for the right reasons", Reynolds told Branstad in promising a smooth transition to the Iowa Statehouse. Read More

Senate confirms Iowa Governor Branstad as ambassador to China

Senate confirms Iowa Governor Branstad as ambassador to China

Mr Branstad, who like Mr Trump is 70, has known Chinese President Xi Jinping since the mid-1980s, when the Asian leader visited Iowa as a provincial official. I'm pleased that the Senate is finally considering the nomination of Governor Branstad to be Ambassador to China. Gov. Terry Branstad, soon to be sworn in as the USA ambassador to China, will serve his country well. Read More

Saudi says extending oil cuts, adding small producers enough to drain stocks

Saudi says extending oil cuts, adding small producers enough to drain stocks

Oil prices have gained support from reduced output, but high inventories and rising supply from producers not participating in the accord, such as the United States, have limited the rally, pressing the case for extending the curbs. This time round, Iran won't be exempt, Mr Al Falih said. "We will do whatever is necessary", he said, expressing an openness to "creative" solutions. Read More

Westpac says bank levy will cost $260m

Westpac says bank levy will cost $260m

The Government forecast that the levy will raise $6.2 billion in revenue over four years by imposing a 0.06 per cent tax on certain bank liabilities. It will apply to banks with liabilities of more than A$100 billion and won't impact either regional lenders or foreign banks operating in Australia. Read More

Scotland stun England to seal second successive London Sevens crown

Scotland stun England to seal second successive London Sevens crown

Losing the opening game of the day by three points to Canada on the last play of the day put the islanders under some pressure and even though they saw off Japan easily in a 61-5 drubbing, the final game against the Kiwis was not as easy and the 27-21 final score put a spot in the top eight out of reach. Read More

Madison school budget referendum passes Tuesday, 99 to 49

Madison school budget referendum passes Tuesday, 99 to 49

Sagaponack voters unanimously passed the school's $1.7 million budget proposal, with 19 votes for and none against. But in Pittsford, not enough people favored the budget to meet the 60 percent threshold needed for a "super majority" since the district wanted to exceed the state tax cap. Read More

Disney CEO says hackers claim to have access to upcoming movie

While the affected movie hasn't been announced, Disney's upcoming big-budget films include "Pirates of the Caribbean: Dead Men Tell No Tales" and " Cars 3 ". Depp's Captain Jack Sparrow returns to the ocean alongside Geoffrey Rush as Hector Barbossa and Orlando Bloom as Will Turner. Sci-fi novelist Paul Tassi, who comments on technology and the internet for Forbes Magazine , said Pirates would be unlikely to suffer were it the target, since its release date is so near. Read More

Scotland needs choice on independence at end of Brexit: Sturgeon

Scotland needs choice on independence at end of Brexit: Sturgeon

Former Scottish first minister Alex Salmond has dismissed the "vainglorious boast" that the Tories could steal his seat in the upcoming election. Polls have suggested a third of Nats voters wanted to leave the European Union and critics yesterday accused Ms Sturgeon of trying to woo back Brexit Nats. Read More

US retail sales rebounded in April after sluggish winter

US retail sales rebounded in April after sluggish winter

Census Bureau. Commerce reported that nonstore retailers April sales increased 11.9 percent annually. The NRF added that on a three-month moving average, retail sales have grown 2.6 percent annually. "As much as we do see some forward pressures on household finances, we also see positives from continued low gas prices, relatively full employment, and some modest gains in wages", Saunders said. Read More

Tesla starts selling solar roof; says savings to cover costs

Tesla starts selling solar roof; says savings to cover costs

The deployment of the solar roof tiles will happen first in the USA, but the product will be available globally by next year, Musk claims. It acquired SolarCity past year , another company founded by Musk, which focused on solar power and energy storage. Read More

Oil prices back in the $50s as markets expect fresh OPEC deal

Oil prices back in the $50s as markets expect fresh OPEC deal

It also forced US producers to become more efficient, and they can now withstand much lower prices than just a few years ago. "Owing to the rapid recovery in US oil production OPEC obviously only has limited influence on prices via supply curbs", it said, adding an extension "is unlikely to be more successful than the cuts implemented so far in the longer-term". Read More

VIX falls to 24-year low

VIX falls to 24-year low

Moves for the markets come after one big geopolitical overhang subsided over the weekend, with the French presidency won by Emmanuel Macron, viewed as a pro-market candidate. Shares of Kate Spade KATE.N jumped 8.2 percent after bigger rival Coach Inc COH.N said it would buy the handbag maker for $2.4 billion to increase its exposure to millennial shoppers. Read More

Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter

The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. The stock has relative volume of 2.07. Analysts are looking for an EPS of 88 cents and revenue of $371.04. Tesla Inc (NASDAQ:TSLA) floats -1.96% below the 52-week top level and its EPS growth rate was -13.10% over prior 5 years with earnings growth of 4.20% yoy. Read More