Finance

Put positions tied to a $20 strike price in December Brent crude oil futures have risen more than 700 per cent since the start of the year, and WTI put open interest is up more than a third at the March $20 strike. The average in MA was $1.95. "However, for prices to get this low the pound would have to get no weaker against the dollar than it is today". Concerns that China's economic growth may slow has soured investors on the prospects for a quick recovery, turning hedge funds the least ...
  • USA crude oil stocks unexpectedly fall 3.9 million bbls: API

    Finance

    Oil company BP said on Tuesday, Jan. 12, 2016 it is cutting some 4,000 jobs in exploration and production over the next two years amid sharp declines in the price of crude as companies brace for a new normal of ever-falling prices. European benchmark Brent rose 10 cents, or 0.32 percent, to Dollars 30.96. Tuesday's rally may indicate that equity investors are setting aside oil and China as the main factors driving share prices, said Eric Kuby, chief investment officer at North Star ...
  • Crude oil dips below $30 for first time in 12 years

    Finance

    Brent has now fallen from a recent peak of over $ 114 in June 2014. West Texas Intermediate for February delivery climbed as much as 66 cents to US$31.10 a barrel on the New York Mercantile Exchange and was US$30.82 at 10.57 am Hong Kong time.
  • Philadelphia police officer assaulted during hospital visit to ambush victim Jesse Hartnett

    Finance

    The tipster, police say, claimed that Archer was a part of a group of four in Philadelphia, and not the most radical within it. Officers will temporarily work in pairs until the threat has been assessed. "You're wrong", Kelly asserted (see video below). Authorities say Archer, 30, of Yeadon, fired at least 13 shots toward the officer as he patrolled his usual west Philadelphia beat shortly before midnight Thursday.
  • Bengals' Hue Jackson among two interviewed by Browns

    Bengals' Hue Jackson among two interviewed by Browns

    Finance

    Bengals OC Hue Jackson left his second interview with the Browns on Tuesday without an offer. So now the Cleveland Browns are reportedly hellbent on hiring Jackson, who was about the only Bengal who couldn't be blamed for the endgame atrocities in Saturday's playoff loss to Pittsburgh (Jackson did, after all, get enough out of backup QB AJ McCarron to advance).
  • RBS tells investors: 'sell everything' as crisis nears

    RBS tells investors: 'sell everything' as crisis nears

    Finance

    The doomsday scenario, described in a  note  the bank sent to its clients on 8 January, was somewhat echoed by two other major lenders, with Morgan Stanley saying the  price of oil could fall below $20 a barrel , while UBS warned of a "significant change" in the markets.
  • Oil price below $30 a barrel for first time in 12 years

    Oil price below $30 a barrel for first time in 12 years

    Finance

    A warm winter in the USA and Europe is adding to the market's problems. How can USA producers continue to pump crude if they are going to lose about $6 a barrel by doing so? For the more aggressive trader, there are number of leveraged options, including the ProShares UltraShort Bloomberg Crude Oil (NYSEArca: SCO), which tries to reflect the two times inverse or -200% daily performance of WTI crude oil, and DB Crude Oil Double Short ETN (NYSEArca: DTO), which also follows a -200% ...
  • How to increase your odds of winning Powerball

    How to increase your odds of winning Powerball

    Finance

    And that's not just because the odds of winning are 292 million to one. Officials encourage players to check their tickets closely. Players in Missouri are reminded to play early to avoid long lines, sign their tickets immediately and put them in a safe place, and to always play within their means.
  • David Bowie's Blackstar Will Be His First #1 Album, Dethroning Adele

    David Bowie's Blackstar Will Be His First #1 Album, Dethroning Adele

    Finance

    A number of fellow rock stars have been quick to pay tribute. During her time on the show, Angie had opened up about her marriage with the music legend . She has made a decision to remain on the show, the network said in a statement . Bowie's passing was announced on his official Twitter and Facebook pages yesterday morning - leaving his millions of fans in shock.
  • MPs to debate ban on Donald Trump over Muslims comments

    MPs to debate ban on Donald Trump over Muslims comments

    Finance

    George A. Sorial, an executive for The Trump Organization , said Tuesday that a ban would hinder the company's plans for significant investments at both locations. Helen Jones, the Labour MP who chairs the committee, said it would allow for "a range of views" to be expressed. The petition was set up after Mr Trump said there should be a "total and complete shutdown" of Muslims coming to America, a remark which received widespread condemnation.
  • Apple's small-screen smartphone named iPhone 5E, not 6C?

    Apple's small-screen smartphone named iPhone 5E, not 6C?

    Finance

    Though not a traditional release time for Apple smartphones, there is a feeling a launch could happen alongside the appearance of a new Apple Watch around the same time. The accessory will include a noise-cancelling microphone system, and similar to both Motorola and Bragi, Apple is likely to design different sized ear sleeves.
  • Volkswagen Is Hit With A New Civil Lawsuit

    Volkswagen Is Hit With A New Civil Lawsuit

    Finance

    The Department of Justice filed a complaint in federal court in Detroit on behalf of the Environmental Protection Agency, alleging that Volkswagen installed software in 600,000 so-called "clean diesel" cars that sensed when an emissions test was being performed.
  • Crude Oil Plunges To Lowest Since 2003, Nears $30

    Crude Oil Plunges To Lowest Since 2003, Nears $30

    Finance

    PRICES SLIDING No OPEC members, including Saudi Arabia, are happy with the slide in prices since the group's last meeting in December, Mr. Kachikwu said earlier at a conference in Abu Dhabi. Nevertheless, there has not been any formal request for an official OPEC meeting, according to a number of delegates who requested anonymity. Crude oil prices are down more than 10 percent since the start of the year on concerns about the pace of economic growth in China.
  • $1M Powerball ticket sold in Philadelphia

    $1M Powerball ticket sold in Philadelphia

    Finance

    It matched all five white balls — 16, 19, 32, 34, 57 — in Saturday's drawing but failed to match the Powerball of 13. The jackpot for Wednesday now stands at a staggering $1.4 billion for the annuity, or $868 million cash, the largest lottery prize in history.
  • David Bowie's last song spoke of death in a poignant, attractive way

    Finance

    He was experimenting. He wasn't afraid to do things people didn't like, so that's what I like about him; he didn't care". "It's got a lot going for it. " David Bowie died peacefully today surrounded by his family after a courageous 18-month battle with cancer", it said . Bowie's hits included Let's Dance , Space Oddity , Heroes , Under Pressure , Rebel Rebel , Life on Mars and Suffragette City.
  • Star Wars force holds USA box office

    Finance

    Of the Top 10 films in the USA on the weekend, only Focus Features' The Forest was in theatres for the first time, coming in fourth at $US13.1 million. Abrams probably wants to stick with the theatrical version of the movie as his Star Wars legacy and not endlessly retool the film like George Lucas has done time and time again.
  • Malheur Occupiers Cut Government Fence Near Refuge

    Finance

    A small, armed group has been occupying a remote national wildlife refuge in OR for a week to protest federal land use policies. "Removing fences, damaging any Refuge property, or unauthorized use of equipment would be additional unlawful actions by the illegal occupiers".
  • Philadelphia Police Shooting Suspect Edward Archer Traveled To Middle East Twice

    Finance

    The man, using a gun stolen from police, said he was acting in the name of Islam when he allegedly ambushed Hartnett sitting in his marked cruiser at an intersection, firing shots at point-blank range, authorities said. Police said there were five suspects, and one pointed a gun at the father and told him to leave. In New York City, where two police officers were shot dead in their patrol vehicle in a December 2014 attack by a man angry over police killings of unarmed black men, the ...
  • Danone mulling action over Chobani ads

    Danone mulling action over Chobani ads

    Finance

    Chobani says the claims are based on the U.S. Department of Agriculture's National Nutrient Database for Standard Reference, "the preeminent" source for food composition and nutrient information in the nation. group launched an advertising campaign that highlighted the use of sweeteners in the companies' products. "This campaign is about giving people truthful and accurate information so they can make more informed decisions about the food they buy".
  • El Chapo Potential Extradition Officially Underway

    El Chapo Potential Extradition Officially Underway

    Finance

    Guzman had been captured on February 22, 2014, in the Sinaloa resort of Mazatlan after 13 years on the lam. Although Mexico and the USA have an extradition treaty, proceedings can be drawn out and it is expected that Guzman's lawyers will attempt to block his deportation by any means possible.
  • Powerball jackpot increases to $1.4B as ticket sales surge

    Finance

    The jackpot has ballooned since its November 4 starting point of United States dollars 40 million and spurred huge ticket sales. The tickets holders that won $150,000 was for the $3 Powerball Play, while ticket holders who won $50,000 matched four of the six numbers on the white balls and red ball in the Powerball jackpot .
  • Brent, WTI Crude Prices Drip to New 12-Year Low

    Finance

    Brent crude futures fell 20 cents to $31.35 a barrel, their lowest since April 2004. "A combination of factors could still drive crude oil prices into a mid $20s scenario in the short term given the extremely high inventories", the bank said.
  • Star Wars: The Force Awakens opens to $53 million in China

    Finance

    Over the week The Force Awakens cruised past Avatar to be the highest ever grossing domestic movie and this weekend it cleared another landmark: first movie to ever break $800 million. Alvin and the Chipmunks: The Road Chip, $US5.5 million ($US5.8 million) 9. There's no denying that Star Wars Episode VII: The Force Awakens is the biggest movie in the world right now.
  • No winners Saturday, Powerball jackpot surges to $1.4 billion

    No winners Saturday, Powerball jackpot surges to $1.4 billion

    Finance

    Powerball sales in OH had declined to $105 million in the fiscal year that ended June 30, 2015, compared to $122.8 million the prior fiscal year and $166.8 million two years ago. "All it takes is one ticket to win this prize". In October, the Powerball rules shifted slightly to allow for a more small-ticket victor, however, this also increased the odds of walking away with the jackpot.
  • The Force Awakens chases Avatar's box-office record

    Finance

    Abrams. Boyega also slipped out that his role as Finn, a former stormtrooper, in Episode VIII will be "much more physical" than it was in The Force Awakens. 5. Starring Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt, the movie grossed $6.2-M for a domestic total of $42.9-M. The Revenant earned an 80% approval rating on Rotten Tomatoes and a 77/100 rating from Metacritic.
  • David Bowie planned his final gift: Producer confirms ‘Blackstar’ released as a goodbye

    David Bowie planned his final gift: Producer confirms ‘Blackstar’ released as a goodbye

    Finance

    Hours after he finished hosting the Golden Globes, Ricky Gervais received word of David Bowie's death . "As well as being a wonderful and kind man, he was an extraordinary artist, and a true original". "The trousers may change, but the actual words and subjects I've always chosen to write with are things to do with isolation, abandonment, fear and anxiety - all of the high points of one's life".
  • No victor for historic Powerball Jackpot

    Finance

    Nobody can seem to win the jackpot, but the Powerball lottery has made dozens of new millionaires. That is the largest lottery jackpot ever, anywhere in the world. Excitement swirled among ticket buyers despite what some statisticians call mind-boggling odds for the Powerball game, one in 292 million. Investigators never gave up on the curious case and, three years later, released surveillance footage of a hooded man buying the winning ticket in the hopes that no one would recognize him.
  • Angie Bowie unaware of ex-husband David's demise

    Finance

    The singer, who was born David Jones in London in 1947, came of age in the glam rock era of the early 1970s. "So I got on to her initially, and then she put me through to him". "David's friendship was the light of my life", he. I'll be offline for a while. "In the next scene with Bowie we see him without the blindfold and looking forward, possibly found his objective?" "Guys like me with no confidence as a young person [learned] to simply own whatever they did, no matter how goofy it was".
  • 'Star Wars' takes off in China, crosses $800 million in US

    Finance

    For example, the movie didnt open as No. 1 in South Korea or Vietnam. Disney and Lucasfilm's Star Wars: The Force Awakens made a stellar landing in the Middle Kingdom on Saturday, Jan. Its global total now stands at $1.73bn (£700m), according to producers Walt Disney, which means it has overtaken Jurassic World, which made $1.67bn (£688m).
  • David Bowie, Music Icon, Dies at 69

    Finance

    NEW YORK — David Bowie , the other-worldly musician who broke pop and rock boundaries with his creative musicianship, nonconformity, striking visuals and a genre-spanning persona he christened Ziggy Stardust , died of cancer Sunday . In the early 1970s, Bowie was an icon of glam rock , wearing androgynous clothing and eye makeup, with chopped, bright-red hair. His first successful single was 1969's " Space Oddity ", which helped establish him as a solo artist.
  • Powerball pushes $1.3 billion

    Finance

    With Powerball sales breaking records, the odds are growing that someone will win the $800 million jackpot. The largest jackpot ever won in Powerball was $590.5 million, when a single ticket purchased in Florida matched all six numbers on May 18, 2013.
  • EHang 184 A Drone That Can Carry Humans

    EHang 184 A Drone That Can Carry Humans

    Finance

    A passenger would have no controls as a back-up, he said . The 184 is able to ascend and descend vertically and is recharged in only two hours for a "fast charge" and four hours for a "trickle charge". The company hopes to sell the device for $200,000 to $300,000 (£140,000 to £200,000) later this year. In the event of an emergency, the company would use a remote control center to land the electric drone safely says EHang co-founder and chief financial officer Shang Hsiao It should be ...