America Is Becoming the New King of the Oil Market
* Stories are summarized by an A.I.
* Companies mentioned: PSXP, BA, Ethiopian Airlines, DIS, DB, GM, Envista Holdings Corp, CVX, and FB
America Is Becoming the New King of the Oil Market
PSXP (Phillips 66 Partners) | The Motley Fool
It even briefly overtook that nation as the leader in crude oil exports earlier this year. With more supply on the way and additional export infrastructure under construction, America is emerging as a dominant force in the oil market. The new king of the hillThe International Energy Agency (IEA) recently released its monthly report on the oil market. When added to the volume of refined products and other energy liquids it ships out, America exported nearly 9 million BPD that month. Building an oil export giantAmerican midstream companies are investing billions of dollars in building the infrastructure necessary to move more of the country's oil to global markets.
Read More
Boeing committee set to recommend safety changes: report
BA (The Boeing Company) | Market Watch
Boeing Co.'s full board of directors is expected to hear a report this week detailing structural corporate changes that can be made to improve the safety of its planes following two fatal crashes of its 737 Max planes, the New York Times reported Sunday.
Read More
Ethiopian Airlines launches WeChat Pay and KNET with CellPoint Digital's Velocity payment platform
Ethiopian Airlines | PR Newswire
Last year, Ethiopian Airlines adopted CellPoint's Velocity payment platform to implement a mobile-first payment strategy and create a more seamless customer experience in its mobile app. Currently, Ethiopian Airlines is seeking to better serve Chinese travellers by introducing WeChat Pay alongside its Alipay option. Ethiopian Airlines is also looking to expand into the Middle East region, which IATA predicts to grow annually by 4.4%. WeChat Pay and KNET are being deployed for Ethiopian Airlines through CellPoint Digital's Velocity payment platform – a full merchant-side payment control environment built specifically for the travel industry. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with eight business centers: Ethiopian Regional Services; Ethiopian International Services; Ethiopian Cargo & Logistics Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian In-flight Catering; Ethiopian Ground Services and Ethiopian Airports Services.
Read More
Hulu Is Now More Popular Than Amazon Prime on Roku
DIS (The Walt Disney Company) | Nasdaq
So much so that Hulu succeeded in surpassing Amazon.com (NASDAQ: AMZN) as the third most popular channel on the Roku (NASDAQ: ROKU) streaming platform. Even back in 2014, in one of Roku's earliest published rankings, the streaming service was the top destination for viewers. That's unchanged today, and Netflix is followed by Alphabet's YouTube, Hulu, Amazon, Spectrum TV, and Sling TV, rounding out the top six. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Netflix, Roku, and Walt Disney. The Motley Fool has the following options: long January 2021 $60 calls on Walt Disney and short October 2019 $125 calls on Walt Disney.
Read More
JPMC Adds Deutsche Bank To Blockchain Roster
DB (Deutsche Bank AG) | PYMNTS
Deutsche Bank, Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase-led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and speed up cross-border disbursements to avoid expensive lag times. Matthiessen also said Deutsche Bank could also make use of IIN’s platform to share know-your-customer (KYC) checks with other banks. To solve the problem, seven European payments operators announced earlier this month the start of a new pan-European network focused on cross-border mobile payments called the European Mobile Payment System Association initiative. In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability.
Read More
46,000 General Motors Workers To Go On Strike For First Time In A Decade
GM (General Motors Company) | NDTV
General Motors' contract with workers had expired without an agreement on a replacement. The United Auto Workers union called a nationwide strike against General Motors Sunday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse in contract talks. Local union leaders met in Detroit "and opted to strike at midnight on Sunday," the UAW said on its Twitter account. GM's last major strike, according to the Journal, was in 2007 when 73,000 workers at more than 89 facilities walked off the job for two days. Hours before Sunday's decision to strike, contract maintenance workers walked off the job at GM plants in Michigan and Ohio in a parallel dispute with contractor Aramark.
Read More
Oil Explodes 20% Higher, Biggest Jump On Record
ZeroHedge
It also exceeds the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Department of Energy." Furthermore, in light of news that the Saudi outage could last for months, this could be just the start. As a reminder, according to Morningstar research director, Sandy Fielden, “Brent could go to $80 tomorrow, while WTI could go to $75... According to Ole Hansen, head of commodities strategy at Saxo Bank A/S in Copenhagen, "the global economy can ill afford higher oil prices at a time of economic slowdown." I guess central bankers are pretty happy with the Iranians as they might actually get the inflation they've been rooting for.
Read More
IPO Outlook For The Week: Biotechs, Dental Solutions And Digital Monitoring
Envista Holdings Corp | Benzinga
Envista Holdings Corp (NYSE: NVST) will issue nearly 26.77 million shares between $21 and $24 Wednesday on the New York Stock Exchange. The offering represents 17.3% of outstanding shares and is expected to raise about $738.8 million. The offering represents 30.3% of outstanding shares and is expected to raise about $152.7 million. Datadog, Inc. (NASDAQ: DDOG) will issue 24 million shares between $19 and $22 Thursday on the Nasdaq. Exagen Inc (NASDAQ: XGN) will issue more than 3.33 million shares between $14 and $16 Thursday on the Nasdaq.
Read More
U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
CVX (Chevron Corporation) | Financial Post
U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. Shale producers this year have been cutting budgets and workers and trimming production goals after years of heavy spending. U.S. oil companies could see some benefit. The strikes in Saudi Arabia knocked out oil-processing facilities and production at the Khurais oilfield, which produces a light oil similar to what shale producers offer. Still, its ultralight, sweet barrels are not similar enough to be a good substitute for lost Arab Light oil, Johnson said.
Read More
Central Bank Regulators Will Cross-Examine Facebook’s Libra
FB (Facebook Inc) | PYMNTS
Libra Association representatives are getting ready to face questioning by 26 central banks over the potential peril the proposed cryptocurrency poses to financial strength, the Financial Times reported Sunday (Sept. 15). The U.S. Federal Reserve and the Bank of England are among the banking regulators that will convene with Facebook’s Libra on Monday (Sept. 16), in a meeting that will be chaired by Benoît Coeuré of the European Central Bank. The G7 is currently led by France, which put together a committee also chaired by Coeuré in order to scrutinize Libra and other cryptocurrencies. The Basel-based Financial Stability Board, chaired by a Federal Reserve deputy governor, reports to the G7 and is also planning to examine Facebook’s plans for Libra. Facebook said it welcomes open exchange with regulators.
Read More
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* Companies mentioned: PSXP, BA, Ethiopian Airlines, DIS, DB, GM, Envista Holdings Corp, CVX, and FB
America Is Becoming the New King of the Oil Market
PSXP (Phillips 66 Partners) | The Motley Fool
It even briefly overtook that nation as the leader in crude oil exports earlier this year. With more supply on the way and additional export infrastructure under construction, America is emerging as a dominant force in the oil market. The new king of the hillThe International Energy Agency (IEA) recently released its monthly report on the oil market. When added to the volume of refined products and other energy liquids it ships out, America exported nearly 9 million BPD that month. Building an oil export giantAmerican midstream companies are investing billions of dollars in building the infrastructure necessary to move more of the country's oil to global markets.
Read More
Boeing committee set to recommend safety changes: report
BA (The Boeing Company) | Market Watch
Boeing Co.'s full board of directors is expected to hear a report this week detailing structural corporate changes that can be made to improve the safety of its planes following two fatal crashes of its 737 Max planes, the New York Times reported Sunday.
Read More
Ethiopian Airlines launches WeChat Pay and KNET with CellPoint Digital's Velocity payment platform
Ethiopian Airlines | PR Newswire
Last year, Ethiopian Airlines adopted CellPoint's Velocity payment platform to implement a mobile-first payment strategy and create a more seamless customer experience in its mobile app. Currently, Ethiopian Airlines is seeking to better serve Chinese travellers by introducing WeChat Pay alongside its Alipay option. Ethiopian Airlines is also looking to expand into the Middle East region, which IATA predicts to grow annually by 4.4%. WeChat Pay and KNET are being deployed for Ethiopian Airlines through CellPoint Digital's Velocity payment platform – a full merchant-side payment control environment built specifically for the travel industry. Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with eight business centers: Ethiopian Regional Services; Ethiopian International Services; Ethiopian Cargo & Logistics Services; Ethiopian MRO Services; Ethiopian Aviation Academy; Ethiopian In-flight Catering; Ethiopian Ground Services and Ethiopian Airports Services.
Read More
Hulu Is Now More Popular Than Amazon Prime on Roku
DIS (The Walt Disney Company) | Nasdaq
So much so that Hulu succeeded in surpassing Amazon.com (NASDAQ: AMZN) as the third most popular channel on the Roku (NASDAQ: ROKU) streaming platform. Even back in 2014, in one of Roku's earliest published rankings, the streaming service was the top destination for viewers. That's unchanged today, and Netflix is followed by Alphabet's YouTube, Hulu, Amazon, Spectrum TV, and Sling TV, rounding out the top six. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Netflix, Roku, and Walt Disney. The Motley Fool has the following options: long January 2021 $60 calls on Walt Disney and short October 2019 $125 calls on Walt Disney.
Read More
JPMC Adds Deutsche Bank To Blockchain Roster
DB (Deutsche Bank AG) | PYMNTS
Deutsche Bank, Germany’s largest bank, is joining the 320 banks in the JPMorgan Chase-led blockchain initiative, the Financial Times reported Sunday (Sept. 15). The move is intended to lower costs at Deutsche Bank — which clears more euro-denominated payments than any bank worldwide — and speed up cross-border disbursements to avoid expensive lag times. Matthiessen also said Deutsche Bank could also make use of IIN’s platform to share know-your-customer (KYC) checks with other banks. To solve the problem, seven European payments operators announced earlier this month the start of a new pan-European network focused on cross-border mobile payments called the European Mobile Payment System Association initiative. In June, the Chinese digital payment player Alipay and a handful of European mobile wallets announced a partnership to promote QR code payment interoperability.
Read More
46,000 General Motors Workers To Go On Strike For First Time In A Decade
GM (General Motors Company) | NDTV
General Motors' contract with workers had expired without an agreement on a replacement. The United Auto Workers union called a nationwide strike against General Motors Sunday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse in contract talks. Local union leaders met in Detroit "and opted to strike at midnight on Sunday," the UAW said on its Twitter account. GM's last major strike, according to the Journal, was in 2007 when 73,000 workers at more than 89 facilities walked off the job for two days. Hours before Sunday's decision to strike, contract maintenance workers walked off the job at GM plants in Michigan and Ohio in a parallel dispute with contractor Aramark.
Read More
Oil Explodes 20% Higher, Biggest Jump On Record
ZeroHedge
It also exceeds the loss of Iranian oil output in 1979 during the Islamic Revolution, according to data from the U.S. Department of Energy." Furthermore, in light of news that the Saudi outage could last for months, this could be just the start. As a reminder, according to Morningstar research director, Sandy Fielden, “Brent could go to $80 tomorrow, while WTI could go to $75... According to Ole Hansen, head of commodities strategy at Saxo Bank A/S in Copenhagen, "the global economy can ill afford higher oil prices at a time of economic slowdown." I guess central bankers are pretty happy with the Iranians as they might actually get the inflation they've been rooting for.
Read More
IPO Outlook For The Week: Biotechs, Dental Solutions And Digital Monitoring
Envista Holdings Corp | Benzinga
Envista Holdings Corp (NYSE: NVST) will issue nearly 26.77 million shares between $21 and $24 Wednesday on the New York Stock Exchange. The offering represents 17.3% of outstanding shares and is expected to raise about $738.8 million. The offering represents 30.3% of outstanding shares and is expected to raise about $152.7 million. Datadog, Inc. (NASDAQ: DDOG) will issue 24 million shares between $19 and $22 Thursday on the Nasdaq. Exagen Inc (NASDAQ: XGN) will issue more than 3.33 million shares between $14 and $16 Thursday on the Nasdaq.
Read More
U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities
CVX (Chevron Corporation) | Financial Post
U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday. Shale producers this year have been cutting budgets and workers and trimming production goals after years of heavy spending. U.S. oil companies could see some benefit. The strikes in Saudi Arabia knocked out oil-processing facilities and production at the Khurais oilfield, which produces a light oil similar to what shale producers offer. Still, its ultralight, sweet barrels are not similar enough to be a good substitute for lost Arab Light oil, Johnson said.
Read More
Central Bank Regulators Will Cross-Examine Facebook’s Libra
FB (Facebook Inc) | PYMNTS
Libra Association representatives are getting ready to face questioning by 26 central banks over the potential peril the proposed cryptocurrency poses to financial strength, the Financial Times reported Sunday (Sept. 15). The U.S. Federal Reserve and the Bank of England are among the banking regulators that will convene with Facebook’s Libra on Monday (Sept. 16), in a meeting that will be chaired by Benoît Coeuré of the European Central Bank. The G7 is currently led by France, which put together a committee also chaired by Coeuré in order to scrutinize Libra and other cryptocurrencies. The Basel-based Financial Stability Board, chaired by a Federal Reserve deputy governor, reports to the G7 and is also planning to examine Facebook’s plans for Libra. Facebook said it welcomes open exchange with regulators.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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