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S&P 500 slips as healthcare drags, investors eye G20 summit

2 days ago DieselGasoil Comments Off on S&P 500 slips as healthcare drags, investors eye G20 summit
NEW YORK (Reuters) – The S&P 500 edged lower on Monday as losses by healthcare companies overshadowed gains in the technology sector, while investors awaited U.S. President Donald Trump’s meeting with Chinese President Xi Jinping at the G20 summit this week. The Nasdaq slipped but tariff-sensitive industrials, headed up by Boeing Co, led the blue-chip Read More

Man guilty of running depraved sex cult which branded women

7 days ago DieselGasoil Comments Off on Man guilty of running depraved sex cult which branded women
By Hannah Thomas-Peter, US correspondent A man who ran a secret sex cult with help from Smallville star Allison Mack has been found guilty of sex trafficking, possession of child pornography, extortion and racketeering. In 1998, 58-year-old Keith Raniere founded a self-help company called NXIVM (pronounced nex-ee-um) in Albany, upstate New York. But during his Read More

Middle East sour crude prices rebound as buyers emerge for August

1 week ago DieselGasoil Comments Off on Middle East sour crude prices rebound as buyers emerge for August
Price differentials for Middle East grades seemed to have found the bottom after spot market rates fell sharply earlier this month on lackluster demand and ample supply for the August trading cycle, trading sources said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Asian refiners, who have been Read More

India minister says confident Jet Airways’ problems will be solved

2 weeks ago DieselGasoil Comments Off on India minister says confident Jet Airways’ problems will be solved
FILE PHOTO: Jet Airways aircrafts are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo/File Photo NEW DELHI (Reuters) – India’s new civil aviation minister said on Friday he is confident that problems at grounded Jet Airways Ltd will be solved, in the government’s first comments Read More

Jeffrey Gundlach’s DoubleLine to launch Income Fund: SEC filings

2 weeks ago DieselGasoil Comments Off on Jeffrey Gundlach’s DoubleLine to launch Income Fund: SEC filings
FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2019 Sohn Investment Conference in New York City, U.S., May 6, 2019. REUTERS/Brendan McDermid (Reuters) – DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan Read More

Flying taxis are set to buzz through the skies of Melbourne, Australia

2 weeks ago DieselGasoil Comments Off on Flying taxis are set to buzz through the skies of Melbourne, Australia
Ridesharing giant Uber plans to start trials of its flying cars next year in Melbourne. The city is the third flagged by Uber for the new taxi service, while it is working to create “first world’s aerial rideshare network.” One of the most populous cities in Australia is set to become the first international market Read More

US oil demand surging on a wave of new petrochemical plants: BP

2 weeks ago DieselGasoil Comments Off on US oil demand surging on a wave of new petrochemical plants: BP
London — US oil demand surged 500,000 b/d last year, the biggest increase in more than a decade as the country’s new wave of petrochemical plants soaked up more of its fast-rising, shale-sourced ethane production, BP said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The world’s biggest Read More

Uber’s IPO underwriters recommend buying, estimate deep losses

3 weeks ago DieselGasoil Comments Off on Uber’s IPO underwriters recommend buying, estimate deep losses
SAN FRANCISCO (Reuters) – The underwriters of Uber Technologies’ initial public offering on Tuesday overwhelmingly recommended the company’s shares, even as they estimated deeper losses than previously expected for the ride-hailing service this year. FILE PHOTO: Traders work near the post where Uber is traded on the floor at the New York Stock Exchange (NYSE) Read More

Deluge of analyst reports on Uber expected after IPO quiet period

3 weeks ago DieselGasoil Comments Off on Deluge of analyst reports on Uber expected after IPO quiet period
SAN FRANCISCO (Reuters) – With the quiet period related to Uber Technologies disastrous IPO last month coming to an end, investors can expect a deluge of analyst research initiations on the ride-hailing service. FILE PHOTO: Logo of the Uber is seen on a smartphone screen as a picture of stock exchange graph is displayed on Read More