News Oil 

The energy sector has tumbled 16 percent this year — is it time to buy?

“The energy sector was the only negative sector in the session (and one of two negative for the year, along with telecommunications)” writes Richard Bord for cnbc.com. More pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower.Between now and Halloween, he said, oil demand in the U.S. will likely decline by between 800,000 and 1.3 million barrels per day.”Certainly, the fundamentals are pointing toward lower oil prices.Some individual energy names still have decent dividend yields, Gilbert said, and have…

Read More
News 

Ireland rejects EU’s demand that it collect 13 billion euros from Apple

“BERLIN (Reuters) – Ireland’s finance minister rejected the European Commission’s demand that it retroactively collect 13 billion euros in taxes from Apple , saying this was not Dublin’s job in an interview with Germany’s Frankfurter Allgemeine (FAZ) newspaper” reports businessinsider.com. In the interview, extracts from which the FAZ published on Wednesday, Finance Minister Paschal Donohoe said the tax rules from which Apple benefited had been available to all and not tailored for the U.S. technology giant.”We are not the global tax collector for everybody else,” the paper quoted him as…

Read More
News 

Apps like Uber and DriveNow may be hurting the demand for new cars, studies suggest

“Apps like Uber and DriveNow may be doing to cars what the web already did to newspapers: Two academic studies published this year have shown that people say they will reduce their use and ownership of private cars when they have access to ridesharing apps like Uber and Lyft, or car-sharing apps like DriveNow” writes Jim Edwards for businessinsider.com.au. The data suggest that when Uber and Lyft are available people will ditch their cars, and when those apps are taken away a large portion switch to similar on-demand services.Neither reflects…

Read More
News 

Your tax dollars are paying for high-schoolers who demand gender entitlement

“With one of the best LGBTQ lawyers in the country at Lambda Legal spearheading their legal case, the students filed the lawsuit last year following former President Barack Obama’s transgender mandate” writes Nicole Russell for washingtonexaminer.com. A Pennsylvania judge Obama had appointed ruled in favor of these teens’ demands, saying their civil rights had been violated. Source: washingtonexaminer.com Share This:

Read More
Crypto News 

Bitcoin hits another record high, value has risen over $15 billion in one week alone

“Bitcoin hit a fresh record high on Monday, continuing the rally from the weekend thanks to strong Japanese demand” writes Manuel Romano for cnbc.com. The price of bitcoin hit $4,330.71, setting a fresh all-time high and surpassing the record $4,225.40 hit on Sunday, according to data from industry website CoinDesk.In the last week alone, bitcoin has added over $15 billion in market capitalization.And year-to-date, bitcoin is up over 320 percent. Source: cnbc.com Share This:

Read More
News 

Tesla price target lifted to $411 at Baird who says don’t short ahead of Model 3

“Tesla Inc.’s TSLA, +0.69% price target was lifted to $411 per share from $368 on Monday by Baird, whose analysts advised against shorting shares of the company ahead of the Model 3 production ramp” writes Markets Reporter for marketwatch.com. Reiterating an outperform rating on the electric-car maker, senior research analyst Ben Kallo had this to say: “In our our opinion, TSLA is not a good short headed into the Model 3 ramp as we continue to believe upcoming catalysts will drive shares higher, and TSLA remains a top pick for…

Read More
Markets News Regulators 

Worrying about the bond-market bubble is ‘old guy’ thinking

“With the Federal Reserve now beginning to increase rates again, those memories are coming flooding back to the bond market” writes Chief Of Operations for cnbc.com. The average bond market pundit either lived through the 1970’s and 1980’s, when interest rates spiked to unprecedented levels, or was mentored by folks who did. Source: cnbc.com Share This:

Read More
News 

Future pilots could operate multiple planes from the ground, UBS analyst says

“One vision of the future role of pilots, put forward on CNBC’s Squawk Box Thursday by UBS analyst Jarrod Castle, was that: “We’ll go from two pilots down to one with a ground control handler” who could be monitoring up to 10-20 planes” writes unknown author for cnbc.com. Castle did preface his assertions by saying that, “At the moment, there’s a very big demand for pilots actually given the global fleet delivery schedules.”.  Source: cnbc.com Share This:

Read More
Futures Markets News Oil 

Oil prices head lower as global tensions continue unabated

“However, the kingdom said its high production was to meet peak summer demand domestically” writes Jenny W for marketwatch.com. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU7, -0.88%  was recently down 43 cents, or 0.9%, to $48.15 a barrel in the Globex electronic session.One bullish aspect of OPEC’s report Thursday was its upward projection regarding 2018 global oil demand.October Brent crude LCOV7, -0.91%   on London’s ICE Futures eased 47 cents or 1%, to $51.43. Source: marketwatch.com Share This:

Read More