Home / 2017 / December (page 7)

Monthly Archives: December 2017

Trump predicts GOP and Dems will agree on health care plan

Chris Kleponis | Pool | Getty Images U.S. President Donald Trump makes a statement on health care while standing with ‘victims of Obamacare’ at The White House on July 24, 2017 in Washington, DC. President Donald Trump is predicting that Democrats and Republicans will “eventually come together “on a new …

Read More »

US regulator proposes scaling back offshore drilling safety rules: Report

Gary Tramontina | Corbis | Getty Images In about 8,000 feet of water, Shell’s Perdido offshore drilling and production platform is the world’s deepest offshore rig. A U.S. regulator has proposed rolling back safety measures put in place after the 2010 Deepwater Horizon oil spill, which would reduce the role …

Read More »

Iraqi oil minister says expects oil market to be in balance in first quarter

Akos Stiller | Bloomberg | Getty Images Jabbar al-Luaibi, Iraq’s oil minister, arrives for the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016. Iraqi Oil Minister Jabar al-Luaibi said on Monday he was optimistic there would be a balance between supply and …

Read More »

Sen. Jeff Flake dangles possibility of running against Donald Trump

Getty Images Sen. Jeff Flake (R-AZ) and his wife Cheryl Flake leave the U.S. Capitol as they are trailed by reporters, October 24, 2017 in Washington, DC. Republican Sen. Jeff Flake of Arizona says President Donald Trump is certain to face an independent challenge in the next presidential election, if …

Read More »

VW 2017 earnings on track, says VW group CEO Matthias Mueller

Fabian Bimmer | Reuters Matthias Mueller addresses a news conference at Volkswagen’s headquarters in Wolfsburg, Germany, on Sept. 25, 2015. Volkswagen will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts. The carmaker’s popularity with motorists appears to have …

Read More »

Trump tweets target FBI Deputy Director Andrew McCabe

Getty Images Acting FBI Director Andrew McCabe testifies before the Senate Intelligence Committee with the other heads of the U.S. intelligence agencies in the Hart Senate Office Building on Capitol Hill May 11, 2017 in Washington, DC. President Donald Trump lambasted Andrew McCabe, deputy director of the FBI, on Twitter …

Read More »

The GOP tax overhaul kept this $1,300 tax break for seniors

Saul Loeb | AFP | Getty Images President Donald Trump speaks about the passage of tax reform legislation on the South Lawn of the White House in Washington, DC, December 20, 2017. Seniors can still grab this tax break under the new tax law: the additional standard deduction. The “Tax …

Read More »

Fundstrat’s Tom Lee says he’s a buyer of the bitcoin pullback

The only major Wall Street strategist to formally cover bitcoin raised his price target on the digital currency the day of a massive price rout. “We are buyers of bitcoin on this pullback,” Fundstrat co-founder Tom Lee said in a Friday note. “The intrinsic/fundamental value of bitcoin has risen in …

Read More »

Four Dow stocks, including Walmart, are trading at extremes

A handful of Dow stocks are trading well above their 200-day moving averages. Despite trading at relatively extreme levels, some investors still see them as buys. Shares of Walmart, Intel, Caterpillar and Boeing are respectively trading 22 percent, 24 percent, 32 percent and 33 percent above their 200-day moving averages. …

Read More »

Fiat Chrysler to recall 1.8 million trucks to fix shifter issue

Saul Loeb | AFP | Getty Images The Dodge Ram pickup truck display during the 2017 North American International Auto Show in Detroit, Michigan, January 10, 2017. Fiat Chrysler Automobiles’ U.S. unit said on Friday it would recall about 1.8 million trucks in the United States, Canada, Mexico and some …

Read More »