News Oil 

Oil Benchmarks Part Ways as Keystone Woes Push WTI Higher While Brent Stalls

“Brent crude’s modest gain came as traders paused ahead of next week’s crucial OPEC-led meeting of oil exporters” writes Paul Whitfield for thestreet.com. Benchmark oil prices headed in opposite directions Friday as supply issues pushed the U.S.’s West Texas Intermediate sharply higher, while international benchmark Brent Crude dipped as traders nervously eyed next week’s crucial OPEC meeting.TRP expects shipments along the pipeline, which transports oil to the U.S. from Canada, will be down about 85% over November. Source: thestreet.com Share This:

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VC Bill Gurley says investing in health care is ‘extremely dangerous,’ but he’s doing it anyway

“I’ve been spending a lot of time looking at health care, and it’s extremely dangerous” writes David Paul Morris for cnbc.com. Nonetheless, technology companies are pouring more resources into health care and wellness products.Americans spend nearly 1 in 5 dollars on health care, the Brookings Institution estimates.The Apple Watch has been discussed as a tool for health insurance administration and Alphabet’s Verily is undertaking an exhaustive health-care study.Venture capitalist Bill Gurley says he recently made two health-care investments even though he says the sector is filled with perils. Source: cnbc.com Share…

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Judge sides with Kalanick, sends Benchmark suit to arbitration

“A Delaware judge today ruled that Benchmark Capital’s fraud suit against former Uber CEO Travis Kalanick should be submitted to arbitration, rather than proceed in court” writes Erica Pandey for axios.com. Moreover, by rejecting Benchmark’s request for a status quo order, the judge effectively permits Kalanick to remain on Uber’s board of directors while the arbitration process plays out. Source: axios.com Share This:

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News Stocks 

Dow jumps 150 points as North Korea tensions ease

“U.S. stock benchmarks rallied Monday afternoon, as a recent aversion to assets considered risky on the back of fears about tensions between the U.S. and North Korea receded somewhat” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average DJIA, +0.68% rose 0.7% above 22,000, led by about 2% jumps in shares of Goldman Sachs Group Inc.In other corporate news, shares of Tesla Inc. TSLA, +1.64% rose nearly 2% higher after Baird analyst Ben Kallo, a longtime Tesla bull, hiked his price target for the electric-car maker’s stock to $411…

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Futures Markets News Stocks 

U.S. stock benchmarks set to add to losses as North Korean tensions simmer

“U.S. stock-index futures pointed to more losses for Wall Street on Thursday as tensions between the U.S. and North Korea showed few signs of easing” writes Markets Reporter for marketwatch.com. Dow Jones Industrial Average futures YMU7, -0.25%  fell 55 points, or 0.3%, to 21,963, while S&P 500 futures ESU7, -0.39%  dropped 9.50 points, or 0.4%, to 2,463.50.On the corporate side, investors will get earnings from Macy’s Inc. and Kohl’s, along with an update on producer prices. Source: marketwatch.com Share This:

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Markets News 

New rules for FTSE Russell index provider to exclude Snap, others from benchmarks

“Global index provider FTSE Russell said Wednesday it plans to require companies on its indexes to have a minimum of 5% of voting rights in the hands of unrestricted shareholders, specifically citing Snapchat parent Snap Inc” writes Claudia Assis for marketwatch.com. Snap raised more than $3 billion in its market debut in March; shares opened at $24 and on Wednesday closed at $13.40.Eligibility rules will become effective at the September quarterly and semi-annual index reviews, the company said. Source: marketwatch.com Share This:

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News Oil 

Energy ETF set for best one-day gain in 3 weeks as crude climbs

“The energy-focused Energy Select Sector SPDR ETF was up 2.2%, setting the ETF up for its sharpest one-day rise since a 2.4% gain on June 9” writes Mark Decambre for marketwatch.com. GE, +1.63% announced the completion of its deal to combine its energy business with Baker Hughes.A prominent fund used to bet on the energy sector on Monday was on pace to post its best daily climb since early June, according to FactSet data.BHI, +5.82% The climb in shares of Baker Hughes also comes as General Electric Co. Source: marketwatch.com Share…

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Uber’s board shakeup continues, with Bill Gurley to leave

“Venture capitalist Bill Gurley, whose firm Benchmark was one of Uber’s earliest investors, has stepped off the ride-hailing company’s board and will be replaced by fellow Benchmark partner Matt Cohler, who helped broker Benchmark’s original investment in Uber” writes Dave Lawler for axios.com. Why: Gurley for years was a vocal supporter of Uber and CEO Travis Kalanick, but yesterday was part of the group of investors who requested that Kalanick resign from his job as the company’s chief (which he did, although he will remain on the board of directors). Source:…

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OnePlus 5 Benchmarks Controversy – Did OnePlus Cheat Reviewers with Manipulated Unit?

“When OnePlus was caught cheating in OnePlus 3 and OnePlus 3T, the company accepted its wrongdoing” writes News Writer for gizmochina.com. Unlike producing misleading benchmark scores on OnePlus 5, the company had previously cheating in OnePlus 3 and OnePlus 3T smartphones to decrease variance and thermal throttling.Therefore, we have allowed benchmark apps to run in a state similar to daily usage, including the running of resource intensive apps and games. Source: gizmochina.com Share This:

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