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Wall Street higher on strong retail sales data

4 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

GE shares fall on report that its finances are worse than disclosed

4 days ago DieselGasoil Comments Off on GE shares fall on report that its finances are worse than disclosed
(Reuters) – General Electric (GE.N) shares fell 7.5% on Thursday after Harry Markopolos, the whistleblower in the Bernard Madoff Ponzi scheme case, said GE’s financial filings were masking the depths of its financial problems. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, Read More

Wall Street rises after strong retail sales data, Walmart earnings

4 days ago DieselGasoil Comments Off on Wall Street rises after strong retail sales data, Walmart earnings
(Reuters) – U.S. stocks rose in choppy trading on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession, but a slump in shares of network gear maker Cisco limited gains. FILE PHOTO: A screen shows the numbers after the closing bell at the New Read More

GE shares fall on report that cash situation worse than thought

4 days ago DieselGasoil Comments Off on GE shares fall on report that cash situation worse than thought
FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn Scott (Reuters) – General Electric (GE.N) shares fell 5% on Thursday after the Wall Street Journal reported that Harry Markopolos, a whistleblower in the Bernard Madoff Ponzi case, had alleged that company Read More

Time is almost up for US shale industry

1 week ago DieselGasoil Comments Off on Time is almost up for US shale industry
A top US shale executive said that it may only be the Midland basin in the Permian that can grow production beyond 2025. Aside from Midland, every other shale basin may be on borrowed time, with the best acreage already picked over and oil prices languishing below $60 per barrel. It’s been a brutal two Read More

Abrado wins California multi-well PandA contract from Chevron

2 weeks ago DieselGasoil Comments Off on Abrado wins California multi-well PandA contract from Chevron
8/5/2019 HOUSTON – Abrado Wellbore Services has secured a multi-million dollar contract from Chevron’s Environmental Management Company to support the plug and abandonment of more than 30 wells offshore California. The mature wells, which lie in Federal waters approximately 12 miles off the Californian coast, are exhibiting sustained casing pressure to varying degrees. Some of Read More

Asia stocks at six-month lows, yuan slumps as investors flee to safety

2 weeks ago DieselGasoil Comments Off on Asia stocks at six-month lows, yuan slumps as investors flee to safety
SYDNEY (Reuters) – Asian shares suffered their steepest daily drop in 10 months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold. A man sits in front of a board showing market information at a securities Read More

Asia stocks hit six-month low as investors flee to safety, yuan slumps

2 weeks ago DieselGasoil Comments Off on Asia stocks hit six-month low as investors flee to safety, yuan slumps
SYDNEY (Reuters) – Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold. FILE PHOTO – An investor walks past a screen displaying stock information at a Read More

Asia stocks hit six-month lows, bonds boom amid market shakeout

2 weeks ago DieselGasoil Comments Off on Asia stocks hit six-month lows, bonds boom amid market shakeout
SYDNEY (Reuters) – Asian shares slid to 6-1/2-month lows on Monday and the yuan slumped to a more than decade trough as a rapid escalation in the Sino-U.S. trade war sent investors stampeding to traditional safe harbors including the yen, bonds and gold. FILE PHOTO: A woman walks past an electronic board showing the stock Read More

Scaly terror: Croc’s SNEAK ATTACK on two dogs in flooded Indian city captured in gut-wrenching VIDEO

2 weeks ago DieselGasoil Comments Off on Scaly terror: Croc’s SNEAK ATTACK on two dogs in flooded Indian city captured in gut-wrenching VIDEO
Residents in the Indian city of Vadodara have taken shelter in their homes as crocodile-infested floodwaters rise throughout the city. One heart-wrenching, close-call crocodile attack was captured on camera. After torrential rainfall flooded the area, residents sought shelter from the roughly 300 crocodiles that are estimated to be roaming the flooded streets. Unfortunately, two dogs Read More