Business


Oil prices dip as supply remains ample despite output cuts

WTI (West Texas Intermediate) crude oil (UCO) (XLE) (USO) futures contracts for June delivery rose 0.84% and closed at $49.07 per barrel on May 17, 2017. Instead, oil prices are down more than 10% from their February high, and some hedge-fund traders are reeling. US companies that rely on expensive drilling methods have become more efficient, frustrating OPEC's two-year effort to end a crude glut by pumping at maximum capacity to wash out high-cost producers.


Buying gold? It's at a two-week high

Buying gold? It's at a two-week high

There were media reports of a leaked memo written by former FBI Director Comey which suggested that Trump had asked for the investigation into former National Security Adviser Flynn to be stopped. "What is more, it exceeded the technically important 200-day moving average yesterday, which lent it additional buoyancy". The dismissal of Comey is creating controversy, as some have alleged that Trump enacted the firing in order to slow down the FBI's investigation into the sitting U.S ...



US Homeland Security meets airlines on expanding laptop ban

European Union officials had called the meeting, described as an exchange of views, following U.S. announcements to possibly extend the electronic restrictions onto US-bound flights from Europe. "Given the volumes involved, extending the current USA ban to European airports would result in significant disruptions, with implications on various aspects on airport and airline operations", the ACI stated.


Crop Report Shows a Dry Week and Good Planting Progress

Crop Report Shows a Dry Week and Good Planting Progress

Since the soybean market is mostly confined to the US and South America, Brazil and Argentina; looking to our friendly neighbors to the south, Brazil was hit with a lower than expected crop that year and experienced much stronger demand. Input costs are down a little bit this year, he said, but that does not provide a lot of relief for farmers still seeing crop prices in the $3-a-bushel range for corn and the $9 range for soybeans .


Amazon's Echo Show Includes a Built-In Touch Screen

Amazon's Echo Show Includes a Built-In Touch Screen

Echo-to-Echo calling will be hands-free and straightforward, according to Amazon. As with most Amazon products, the Show also works best within the company's ecosystem. A touchscreen will be very useful for some tasks, such as when browsing through content libraries and accessing map information. The speaker comes with a price tag of $229.99 (around Rs 15,000).