No Picture
Trading Ideas

Waffle House slaying suspect arrested after massive manhunt

The mentally unstable gunman suspected of killing four people in a late-night shooting at a Waffle House restaurant was arrested near his apartment Monday after hiding from police for more than a day, authorities said. Police and federal agents had mounted a massive manhunt for 29-year-old Travis Reinking after the Sunday morning attacks, in which a gunman clad only in a jacket used an assault rifle to attack a diverse crowd of patrons at the restaurant before being disarmed by a patron. Construction workers told officers Monday that a person matching Reinking’s description walked into the woods near …read more […]

No Picture
Business News

U.S. extends deadline for Rusal sanctions, aluminum prices dive

WASHINGTON/MOSCOW (Reuters) – The United States on Monday gave American customers of Russia’s biggest aluminum producer more time to comply with sanctions, and said it would consider lifting them if United Company Rusal Plc’s major shareholder, Russian tycoon Oleg Deripaska, ceded control of the company.

…read more […]

No Picture
Trading Ideas

Trump's revenge: U.S. oil floods Europe, hurting OPEC and Russia

MOSCOW/LONDON (Reuters) – As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian …read more […]

No Picture
Trading Ideas

Investors Are Dumping Altria Group Inc Stock Without Looking at the Facts

The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage. …read more […]