US markets closed down as energy shares dragged down Wall Street today, coinciding with a decline in oil prices, while earnings and guidance from companies including Perrigo and Xerox also weighed on U.S. stocks.
(Reuters) - Energy shares dragged down Wall Street on Monday, coinciding with a decline in oil prices, while earnings and guidance from companies including Perrigo and Xerox also weighed on U.S. stocks.
WASHINGTON (Reuters) - The U.S. Justice Department on Monday approved Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest broadband provider and third-largest video-provider.
(Reuters) - Gannett Co Inc, publisher of USA Today, said it offered to buy Tribune Publishing Co in a deal valued at about $815 million, including debt, but the owner of the Los Angeles Times and Chicago Tribune refused to begin "constructive" talks.
RIYADH (Reuters) - The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.
WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily improve.
MONTREAL/TORONTO (Reuters) - Canadian planemaker Bombardier Inc faces a pivotal week that may see a key deal announced with Delta Air Lines Inc but a federal aid package is unlikely to be approved in time for its annual meeting on Friday.
NEW YORK (Reuters) - Oil prices fell more than 2 percent on Monday as data pointed to fresh U.S. crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals.
DETROIT (Reuters) - Volkswagen AG said on Monday it would go to a U.S. federal appeals court in an effort to keep the United Auto Workers union from representing a portion of the company's plant workers in Chattanooga, Tennessee.
Chinese intervention at the end of their day turned an overnight losing session into a BTFD winner, but it did not take long for selling to begin again in futures, erasing all the post-Doha gains...BUT that was not allowed to stand...
Despite a 50 Dow point vertical spike at 1pmET (2Y auction), US (cash) equities drifted lower all day with each bounce met with fresh selling pressure near VWAP... UNTIL The late-day panic buying instigated by a VIX slam left Nasdaq perfectly 0.0000% for the day!
Dow Transports worst day since March 8th.
With The S&P 500 signaling a "Golden Cross"...
What day would be copmplete without a panic slam of VIX into the close- in this case a desperate attempt to push Dow back to 18k...
Spring unfolds at last in all its loveliness and Hillary sits back in repose like the matriarch of toads with a clear path to her toadstool throne, having swallowed the mouse-king Sanders. (She forgets that there are millions more mice under the thatched grass, including new mouse-kings awaiting.) And Trump with his bullfrog smile now casts his baleful eye on the two remaining gnats circling his lily pad. Yes, this magical week when the world bursts into leaf and flower, the life of our nation seems like a fairy tale.
Weeks from now when we're used to the mild air and the greened world, going coatless and care-free, is when the storms of summer strike and the life of the nation turns from fairy tale to horror comic. Both Clinton and Trump are perfect representatives of the nascent forces moving towards some kind of civil war in comic book America.
Clinton perfectly embodies the fortress of the status quo, including especially her praetorian guard of black ghetto grandmothers, giving Hillary the false appearance of some sort of righteousness when, really, she has nothing to offer the greater crisis of black manhood, boxed into prison by the ancient crippling rules of federal welfare policy with its extreme penalties on active fathering. Otherwise, the stone wall of her status quo fortress conceals her privy council of Wall Street necromancers, and the fortune they have helped her lay up in the vaults of the Clinton Foundation.
All of which is to say that Hillary represents the forces that want to keep things just as a they are: rackets rampant. What can crush her triumph of fakery is the sudden manifestation of rackets collapsing under their own weight — a set of awful probabilities waiting to happen, ranging from riots at ...
One of the more confusing market moves in recent weeks has been the tremendous surge in transportation, or as we call them trannies, stocks...
... even as underlying fundamentals have continued to steadily deteriorate.
On one hand, none other than Railway Age had an article titled "Down, down goes the freight traffic" in which it said that "freight traffic still shows no signs of growth in the week ending April 16, 2016, as carloads and intermodal units were both down nearly 13% and 7.5%, respectively, the Association of American Railroads (AAR) reported on April 20, 2016.... For the first 15 weeks of 2016, U.S. railroads reported cumulative volume of 3,613,417 carloads, down 14.1% from the same point last year; and 3,848,344 intermodal units, up 0.2% from last year. Total combined U.S. traffic for the first 15 weeks of 2016 was 7,461,761 carloads and intermodal units, a decrease of 7.3% compared to last year."
Words, however, hardly do justice to the unprecedented, coal-driven collapse in total rail freight carloads, shown below:
But maybe if one excludes rail, things are better?
Sadly no. In a note released on Friday by RBC looking at the broader airfreight and surface transportation sector, and subtitled "These headcount numbers aren't encouragi ...
Remember when "someone" used the Stuxnet virus, or rather worm, in an Iranian nuclear plant several years ago to freeze Iranian nuclear production, leading to a major diplomatic scandal involving the spy agencies of both the US and Israel, as the world learned that in the present day industrial sabotage only needed a flash drive and a computer virus to render even the most sophisticated piece of industrial machinery obsolete? Well, moments ago, Bloomberg reported that a computer virus was discovered in a German nuclear power plant.
A computer virus was discovered at the Gundremmingen nuclear power plant in Bavaria, German news service DPA reported.
No danger to employees or populace
Power plant noticed the virus in its Block B on Mon.
RWE specialists to determine how malware entered computer system built in 2008
* * *
BR (google translated) is reporting that the malware is thought to be brought in by a data carrier, and the affected portion of the system is the fueld assembly loading area.
The affected IT system is part of the fuel assembly loading machine of the power plant. This raises, for example, old fuel from the reactor core and transports it to the storage pool. An influence on the control of these loading machine has the IT system according to the operator but not. In the power plant all other safety-related IT systems have been checked without finding the meantime.
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Live Market
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com