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Existing-Home Sales Rebounded in May; Median Sales Price at New High

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Seasonally adjusted, there were 5.62 million existing homes for sale, which is a 1.1 percent increase from last month , a 2.7 percent increase from last year, and the third highest amount year-over-year. "With an increase in home prices, potential sellers are more interested in listing", association president Xena Vallone said. "Inventory rises when new listings outpace the number of listings that go off-market", Vallone said. Read More »

Kim Kardashian, Kanye West Hire Surrogate to Carry Child No. 3

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Kim Kardashian discovered she had the condition after giving birth to her first child, daughter North . "So now I want to explore surrogacy ", Kardashian West told her mother, Kris Jenner , during an episode . There is about to be another Kardashian-West offspring! She must also abstain from sexual activities in the weeks leading up to the pregnancy, and can not have sexual intercourse for three weeks after the embryo is implanted. Read More »

Oil prices hit seven-month lows on global oversupply

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Brent crude futures LCOc1 were down 13 cents, or 0.3 percent, at $47.24 per barrel at 0406 GMT. USA crude futures were up 6 cents at $42.59 a barrel. Global benchmark Brent was down 11 cents, or 0.2%, at $45.91 barrel, extending its near 2% fall in the previous session to its lowest settlement since November. Read More »

Analysts Near-Term outlook: Marathon Petroleum Corporation (MPC), Alexion Pharmaceuticals, Inc. (ALXN)

FBR & Co reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Marathon Oil Corporation in a research note on Friday, May 5th. The share price is now up 7.29% for the past three months. The stock of Benefitfocus Inc (NASDAQ:BNFT) has "Sector Perform" rating given on Wednesday, October 21 by RBC Capital Markets. The counter witnessed a trading volume of 1 million shares versus an average volume of 0.15 million shares during last trading session. Read More »

Boeing unveils plans for new version of 737 Max

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U.S. President Donald Trump has called North Atlantic Treaty Organisation obsolete and excoriated European allies last month for not spending enough on their own defenses. The MAX 10 will be the largest of the updated 737 series, which competes head on with Airbus's A320 neo family. Boeing announced firm orders Tuesday for more than 45 planes worth $5.4 billion at list prices, though customers routinely negotiate discounts. Read More »

Trump calls House health bill he backed 'mean'

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After the meeting with senators, Trump flew to Wisconsin, where, for the second week in a row, he highlighted the stories of people whose health care premiums have increased - people the White House has dubbed "Obamacare victims". Trump also labeled the Democrats "obstructionists" at a cabinet meeting the day before for the lack of progress in repealing the Affordable Care Act , also referred to as Obamacare, despite the Republican party's majority in the House and in the Senate. Read More »

US stocks fall after Amazon deal news; dollar weakens

Amazon announced Friday they would buy Whole Foods Markets; a move that sent Kroger shares tumbling. Kroger, the nation's biggest supermarket chain, had earlier warned Wall Street of disappointing earnings. Whole Foods has already been reducing prices to try to turn around its worst sales slump since going public in 1992. Belpointe Chief Strategist David Nelson told CNBC that the acquisition of Whole Foods will give Amazon .com, Inc. Read More »

Bombardier agrees to sell up to 50 Q400s to India's SpiceJet

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In its annual sales forecast last year, Boeing projected that over 1,850 aircraft will be required in India over next 20 years, while its rival Airbus said around 1,600 planes will be deployed by Indian airlines by 2034. Bombardier has dismissed rival Boeing's claim that the Canadian firm is using government subsidies to dump its C-series planes on to the aviation market. Read More »

Shares Trading down at $4.99 (CHK) Chesapeake Energy Corporation Announces…

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State of Wisconsin Investment Board's holdings in Chesapeake Energy were worth $761,000 at the end of the most recent quarter. Several other hedge funds also recently modified their holdings of the company. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. Read More »

Small food makers wonder about Amazon-Whole Foods impact

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He noted that Amazon was known for its innovation. Much of Wall Street is still rallying this week around the idea that Amazon will dominate the future of the grocery business, but it remains to be seen how an Amazon-Whole Foods buy will pan out, if at all. Read More »

Summit Midstream Partners LP

NY bought a new position in Enable Midstream Partners, during the first quarter valued at approximately $180,000. JPMorgan Chase & Co. boosted its position in Magellan Midstream Partners L.P.by 8.0% in the first quarter. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and global copyright laws. The correct version of this piece can be read at ... Read More »

Oil price extends drop to 7 month lows, despite OPEC cuts

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Unless we see a marked reduction in crude stockpiles, the possibility of further short term falls in the price of oil can not be ruled out. This, combined with the hostile political climate in North Africa and West Asia has threatened exports, causing the supply glut . Read More »

Whole Foods: If You Can't Beat 'em….

Mr. Mackey likened Friday's deal announcement to an engagement, and "like an old traditional marriage, where there are all kinds of rules and chaperones, we can't consummate the marriage, until we're actually officially hooked up". So far, history hasn't shown us many examples of companies who've been able to pull it off. Specifically, that means more of Amazon's own private-label grocery products in the grocery aisle, according to Bloomberg . Read More »

Pens' Bonino broke tibia, kept playing in Game 2

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Other details were still being finalized Monday and will be announced later. The Penguins lead the series 3-2, and seeking to become the NHL's first team to win consecutive Stanley Cup championships since Detroit won in 1997 and '98. Sixteen seed. No one really gave us a chance against anyone and here we are in Game 6. Some 10 minutes later, Sissons was in alone only to be stopped by goalie Matt Murray . Read More »

Amazon Announces Plan To Buy Whole Foods For $13.7 Billion

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On Friday, WalMart announced it is buying men's online clothing retailer Bonobos for $310 million. "Obviously grocery is a large business they would like to be in, but I don't think that is the main reason for the deal", said Steven Weinstein, head of technology, media and telecom research at analytics firm M Science. Read More »

Would You Buy Cone Midstream Partners (NYSE:CNNX) On These Analyst Ratings?

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The rating was upgraded by Wells Fargo on Monday, January 18 to "Outperform". RBC Capital Markets maintained it with "Sector Perform" rating and $35 target in Monday, May 2 report. Actually selling stocks on strength is a proactive trading strategy implemented by selling out of a long or into a short position when the price of the stock being traded is still gaining an upward momentum but will come back soon. Read More »

MSCI Could Usher China Markets Into the Big Time

The MSCI China Index has jumped 24 per cent in 2017, helping propel Tencent Holdings Ltd. and Alibaba Group Holding Ltd. into the ranks of the world's largest companies with market values of more than US$330 billion each. Will MSCI include Chinese stocks in its global indices? The country's dominance has only increased recently with the addition of USA -traded firms including Alibaba Group Holding Ltd. Read More »

Crude oil futures fall 0.35% after global cues weaken

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The current price of oil is the weakest since shortly before OPEC agreed in late-November 2016 to collectively cut production by 1.8 million barrels per day for six months. The opposite happened, and prices fell. Eight prominent hedge funds have reduced the size of their positions in 10 of the top shale firms in the Permian, the largest US oilfield, by over $400 million, concerned that producers are pumping oil so fast they will undo the recovery. Read More »

Police fatally shoot pregnant Black woman in Seattle

Family members say Lyles was three months pregnant , and long struggled with mental illness, according to the Seattle Times . He said Seattle Police officers, who were uninjured, administered first aid until the fire department arrived. Read More »

Wall Street posts records at close with tech gains

Tech stocks lost about a fifth of their year-to-date gains in a little over a week. Small-company stocks fell more than the rest of the market. US stocks rose on Monday, with the S&P 500 and the Dow Jones Industrial Average hitting record highs helped by a technology sector rebound and strength in healthcare and financial stocks. Read More »

Rio Tinto recommends Yancoal coal offer over Glencore

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Rio Tinto says Yancoal's offer to purchase its thermal coal assets offers best value and greater transaction certainty for shareholders. Rio Tinto says Yancoal's improved terms were superior to Glencore's counter proposal, which lacked clearance from Australia's FIRB and the ACCC. Read More »

Carney: Now is not yet the time for a rate rise

However, inflationary pressure could still force the Bank's hand. Speaking at a breakfast event in Mansion House , London , Carney struck a more cautious tone than the surprisingly hawkish language used at the Bank of England's policy meeting last week. Read More »

Pamplona Capital to take Parexel private in $5B cash deal

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The transaction is set to close early in the fourth quarter of 2017, subject to approval by a majority of Parexel shareholders and other customary closing conditions. After $0.85 actual EPS reported by OSI Systems, Inc. for the previous quarter, Wall Street now forecasts 7.06% EPS growth. The firm had revenue of $529.30 million during the quarter, compared to analyst estimates of $529.38 million. Read More »

Barclays, Former CEO, Charged With Fraud Over Qatar Deal

Britain's Serious Fraud Office charged Barclays Plc and four former executives on Tuesday over undisclosed payments to Qatari investors during a 12 billion pound ($15 billion) emergency fundraising in 2008. The bank's shares fell 1.9 per cent in London . "The charges relate to Barclays Plc's capital raising arrangements with Qatar Holding LLC and Challenger Universal Ltd, which took place in June and October 2008", the SFO said in a statement, according to AFP . Read More »

South Korea to scrap building new nuclear power plants

Seoul's Ministry of Unification (MOU) on Friday confirmed that a total of six South Koreans are being held in the North, three of which are defectors who have been returned to the DPRK. Another 11 of South Korea's 25 reactors are set to shut down by 2030 as they reach the end of their operating lives, although some may push to have their operating licenses renewed. Read More »

Oil prices decline as doubts grow over OPEC's supply cuts

Prices are down 2.6 percent this week. The market has not been able to sustain a rally since March, as efforts by the Organization of the Petroleum Exporting Countries and non-OPEC producer Russian Federation to reduce supply have been met with higher output from Nigeria and Libya, who are exempt from the deal, along with the United States . Read More »