By Stephanie Yang The Wall Street Journal Amrith Ramkumar Fri., Nov. 23, 2018 The downward spiral in oil prices is accelerating as a surge in crude production from a turbocharged U.S. petroleum industry runs into weaker global economic growth. Crude prices slid 7.7% Friday, their largest one-day drop since July 2015, and are now down by nearly a third since the start of October. The U.S. benchmark, West Texas Intermediate futures, closed at $50.42 a barrel—its lowest level in over a year. Oil traders pointed to a mix of factors for Friday’s selloff. Economic growth outside the U.S. has flagged, raising fears that demand for crude will also decline. In export-dependent Germany, a purchasing managers index hit a four-year low, well below the level economists were expecting. Saudi Arabia and the Organization of the Petroleum Exporting Countries are inching toward a plan to cut production that would retain official output targets, first set in 2016, but … [Read more...] about In oil’s huge drop, all signs say made in the U.S.A.
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President Trump says in a tweet that he has dinner plans with Apple CEO Tim Cook. That dinner will likely take place in Bedminister, New Jersey, where the President has been since August 3. Cook has been vocal in his disapproval of certain Trump Administration policies, particularly around immigration and trade. Diners in the vicinity of Bedminster, New Jersey could find themselves in very powerful company on Friday evening. President Trump, who has been at the Trump National Golf Club in Bedminster since August 3, has dinner plans with Apple CEO Tim Cook, according to a tweet sent Friday. “He is investing big dollars in U.S.A.,” Trump said in the tweet. Recently, Trump claimed that Apple was building manufacturing ‘plants’ in the United States, though the tech titan has not announced any plans to do so. He said that Apple’s investment in the United States was made possible by the tax reform laws passed late last year. … [Read more...] about President Trump says he’s having dinner with Apple CEO Tim Cook, praises him for ‘investing big dollars in U.S.A.’
By The Canadian Press Fri., May 25, 2018 Canada’s main stock index was in the red in late-morning trading as the price for oil fell below $70 (U.S.) a barrel and weighed on the key energy sector. The S&P/TSX composite index was down 28.85 points to 16,084.77, after 90 minutes of trading following reports OPEC countries plan to produce more oil soon. In New York, the Dow Jones industrial average was down 16.15 points to 24,795.61. The S&P 500 index was down 2.83 points to 2,724.93 and the Nasdaq composite index was up 21.52 points to 7,445.95. The Canadian dollar was trading at 77.03 cents U.S., down from an average value of 77.57 cents U.S. on Thursday. The July crude contract was down $2.23 to $68.48 (U.S.) per barrel and the July natural gas contract was down one cent to $2.96 per mmBTU. Article Continued Below The June gold contract was down $1.80 to $1,302.60 an ounce and the July copper contract was down two cents to $3.08 a pound. TOP … [Read more...] about TSX weighed down by energy sector as oil drops below $70 U.S. a barrel
By SCOTT CACCIOLA Sat., Feb. 24, 2018 GANGNEUNG, SOUTH KOREA — The U.S. men’s curling team celebrated making Olympic history by raising their brooms aloft and pumping their fists as friends and family filled Gangneung Curling Center with chants of “U-S-A! U-S-A!” The Americans, just days removed from facing elimination in round robin play, stormed past Sweden, 10-7, on Saturday afternoon to win the country’s first gold medal in curling. The U.S. closed out the tournament with five straight victories, including two against mighty Canada, before stunning Sweden, the top-ranked team in the world. The effort was led by John Shuster, a four-time Olympian who, just four years ago, in the wake of a disastrous showing at the 2014 Olympics in Sochi, Russia, was booted from the country’s high-performance program. But he climbed his way back, through the national ranks, through the Olympic trials and through countless obstacles here in South … [Read more...] about U.S. curling team wins first gold medal with victory over Sweden
By Stephen Whyno The Associated Press Wed., Feb. 21, 2018 GANGNEUNG, SOUTH KOREA—Pavel Francouz stopped all five shooters and Petr Koukal scored the shootout winner as the Czech Republic eliminated the United States from the Olympics with a 3-2 victory in the quarter-finals Wednesday. Jan Kovar and Tomas Kundratek scored in regulation for the Czech Republic, which was fresher after winning its group and getting a bye into the quarter-finals. The U.S. looked fatigued after facing Slovakia in the qualification round a day earlier and was outshot 29-20. Ryan Donato and Jim Slater scored for the U.S, which again was led by its youngest players, including speedster Troy Terry. U.S. goaltender Ryan Zapolski allowed three goals on 29 shots and one in the shootout, while Francouz stopped 18 in regulation and overtime. “It’s tough when it comes down to the shootout,” U.S. captain Brian Gionta said. “It’s tough to swallow.” Koukal was … [Read more...] about U.S. ousted by Czechs in men’s hockey quarter-finals