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  • *OPEC to focus on dialogue, not action at June meeting- Kuwait. The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell 3.4 million barrels to 540 million barrels last week, compared with analyst expectations for an increase of 714,000 barrels and the American Petroleum Institute's reported build of 3.5 million barrels in...

  • While oil producers fretted over what production shut-ins, caused by a massive Alberta wildfire, would do to the price of Canadian crude oil, those same producers are big buyers of natural gas, and without them the price dropped to just C $0.05 per thousand cubic feet on Monday. "It was essentially free at the lows on Monday," said Martin King, an analyst at Alberta...

  • International Brent crude futures were trading at $47.13 per barrel at 0143 GMT on Thursday, down 47 cents, or 1 percent, from their last settlement. The U.S. Energy Information Administration said on Wednesday that U.S. crude inventories fell 3.4 million barrels to 540 million barrels last week, compared with analysts' expectations for an increase of 714,000...

  • *Wall St drops as Disney, Macy's earnings disappoint. NEW YORK, May 11- U.S. and European stocks retreated on Wednesday amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week. The yen rebounded 0.7 percent against the dollar, halting declines against the greenback as Japan...

  • BlackRock expert: Buy emerging market bonds

    The bonds of countries like Mexico and Brazil look very attractive right now, according to BlackRock’s Pablo Goldberg. He discusses with Brian Sullivan.

  • Are the tech giants helping or hurting?

    Amazon and Facebook hit record highs Wednesday as Macy’s and Disney plunged. Nick Colas of Convergex and Max Wolff of Manhattan Venture Partners discuss the rise of the “disruptive” behemoths.

  • *Wall St drops as Disney, Macy's earnings disappoint. NEW YORK, May 11- U.S. and European stocks stumbled on Wednesday after big gains a day earlier amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week. The yen rebounded 0.7 percent against the dollar, halting declines...

  • *Disney tumbles after rare earnings miss. *Macy's weak report weighs on other retailers. May 11- U.S. stocks dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector.

  • *Soybeans pause one day after blockbuster USDA stocks data. At the Chicago Board of Trade as of 12:08 p.m. CDT, July soybeans were down 7-1/ 2 cents at $10.76-1/ 2 per bushel. July corn fell 5 cents to $3.76 a bushel and July wheat slipped 3 cents to $4.58-1/ 4 a bushel.

  • NEW YORK, May 11- U.S. and European stocks stumbled on Wednesday after big gains a day earlier amid disappointing corporate earnings, while the U.S. dollar was set to snap a six-session rally. The yen rebounded 0.6 percent against the dollar, halting declines against the greenback as Japan has threatened to intervene on its currency. "There was no one real catalyst...

  • May 11- U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector. Disney shares were down 4.5 percent at $101.82 after the company posted a rare earnings miss. Department store chain Macy's tumbled 12 percent to $32.58, while Fossil sank as much as 34 percent to a six-and-a-half year low of...

  • May 11- U.S. stocks fell on Wednesday as oil prices surrendered early gains and weak results from Walt Disney and Macy's weighed on consumer discretionary stocks. Disney shares were down 5.5 percent at $100.71 after the company's results missed expectations as advertising and subscriptions declined at ESPN. Macy's sank 7.8 percent to $34.14 after the...

  • Kinross produced 687,463 equivalent ounces of gold during the quarter at its 10 mines in North and South America, Africa and Russia at an all-in sustaining cost of $963 per ounce. This was up from the 629,360 ounces it produced in the same period last year when the costs were $964 an ounce as production in the latest quarter was boosted by the acquisitions of Round...

  • Average stock is beating the S&P 500

    Mark Tepper of Strategic Wealth Partners and Dennis Davitt of Harvest Volatility Management discuss market breadth with Brian Sullivan.

  • Will high-dividend stocks continue to do well? Mark Tepper of Strategic Wealth Partners and Dennis Davitt of Harvest Volatility Management discuss with Brian Sullivan.

  • *Treasury sees strong demand for $24 billion 3- year sale. NEW YORK, May 10- The U.S. government saw strong demand for its $24 billion auction of three-year notes on Tuesday, the first sale of $62 billion in coupon-bearing debt supply this week. "The market is taking down all the supply right now," said Tom Tucci, head of Treasuries trading at CIBC in New York.

  • *Global stock gauge paces to best day in 3 weeks. *Japan reiterates readiness to intervene on yen. NEW YORK, May 10- Stock markets around the world rallied on Tuesday, helped by solid corporate earnings reports and higher oil prices supporting energy shares, while the yen again retreated sharply against the dollar.

  • *USDA sees rising U.S. soy exports trimming 2016/ 17 stocks. At the Chicago Board of Trade as of 1:03 p.m. CDT, most-active July soybean futures were up 57-1/ 2 cents at $10.84 per bushel. The market surged after the USDA, its first supply/demand forecasts for the 2016/ 17 marketing year, projected U.S. soybean ending stocks at 305 million bushels, below an average of...

  • Bernstein raised its price target to $1,000, the highest on Wall Street, on the stock, saying it expects Amazon's margins to expand much faster than currently expected. Oil was up about 4 percent as supply disruptions in Canada and elsewhere overshadowed fears of oversupply. World stock markets had also risen, helped by solid corporate earnings in Europe,...

  • Here's why specialty pharma is set for a turnaround: Technician

    Evercore ISI technical analyst Rich Ross breaks down why specialty pharma company Allergan is set to rally.