August 2019 – Page 16

Pennsylvania Pipeline Companies Seeing Economic Boom

August 28, 2019 admin Comments Off

My home state of Pennsylvania has always been a big energy producer.
Its anthracite coal mines have been supplying the world with coal for more than a century. And the first oil well was drilled here in 1859. Pennsylvania soon became the top oil-producing state in the country.
Today, Pennsylvania is the No. 2 natural gas producer in the U.S. Its wells produce 18.7 billion cubic feet per day (Bcf/d) of the stuff – which adds up to 580.1 Bcf per month…

The U.S. Energy Information Administration projects Pennsylvania’s natural gas production will grow between 1% and 2% per year for decades.
That means …read more […]

Tiffany profit tops Street estimates, sales fall on tourist spending drop

August 28, 2019 admin Comments Off

Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs, even as declines in tourist spending in the United States and political unrest in Hong Kong dragged on sales.

…read more […]

Stocks shed early losses; sterling tumbles on Brexit jitters

August 28, 2019 admin Comments Off

A gauge of equities worldwide shed early losses on Wednesday as Wall Street stocks rose despite looming recession jitters, while sterling tumbled as Britain’s prime minister moved to restrict parliamentary time before the country’s planned departure from the European Union.

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Apple to stop default practice of keeping Siri recordings

August 28, 2019 admin Comments Off

Apple Inc on Wednesday said it would quit its default practice of retaining audio recordings of the requests users make to its Siri personal assistant and limit human review of what audio it does collect to its own employees rather than contractors.

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Hudson’s Bay to sell Lord + Taylor for $100 million

August 28, 2019 admin Comments Off

Hudson’s Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, as the retail operator culls its portfolio to a few key brands.

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Coty sees revenue improving as turnaround plan takes shape; shares rise

August 28, 2019 admin Comments Off

Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%.

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Over 200 U.S. companies urge Trump to cancel proposed higher tariffs

August 28, 2019 admin Comments Off

Over 200 U.S. footwear companies on Wednesday urged U.S. President Donald Trump to cancel proposed higher tariffs on Chinese imports that take effect beginning next month, calling them hidden taxes that will jack up consumer prices.

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Apple says to restart Siri reviews with new controls

August 28, 2019 admin Comments Off

Apple Inc users will be able to opt out of the company reviewing their conversations with voice assistant Siri under measures announced on Wednesday to address concerns over how it holds and uses audio recordings.

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Tiffany profit tops Wall St. estimates even as sales fall on tourist spending drop

August 28, 2019 admin Comments Off

Luxury jeweler Tiffany & Co on Wednesday reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs, even as declines in tourist spending in the United States dragged on sales.

…read more […]

Citi raises minimum wage to $15 per hour

August 28, 2019 admin Comments Off

Citigroup Inc. raised its minimum wage to $15 per hour earlier this year following pressure from politicians and similar moves by other big banks.

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Wall Street flat on recession fears, energy shares offer support

August 28, 2019 admin Comments Off

Wall Street treaded water on Wednesday after moves in the U.S. bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.

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Natural Gas Investing – An Investor’s Guide

August 28, 2019 admin Comments Off

What is Natural Gas?
Natural gas isn’t what you put in your car, or what you use to barbeque. It’s one of the cleanest and safest fossil fuels available.
Natural gas consists of about 90% methane and small amounts of other hydrocarbons. You can find natural gas with other fossil fuels in coal beds, where plants and animals have decayed under silt, rock and sand. The gas is highly combustible, and when burned it gives off an enormous amount of energy without emitting as much CO2 as other fossil fuels.
In this age of environmentalism, natural gas’s clean and powerful energy makes it …read more […]

Tiffany sales fall on tourist spending drop in U.S., but earnings beat estimates

August 28, 2019 admin Comments Off

Luxury jeweler Tiffany & Co said on Wednesday declines in tourist spending in the United States dragged on sales, but it reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs.

…read more […]

Fitbit unveils Versa 2 smartwatch with Amazon’s Alexa

August 28, 2019 admin Comments Off

Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com’s voice assistant Alexa and online payments in a bid to compete more strongly with Apple Inc’s smartwatch.

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Wall Street opens lower as recession fears loom

August 28, 2019 admin Comments Off

Wall Street’s main indexes opened lower on Wednesday after moves in the U.S. bond market brought back fears of a recession as the U.S.-China trade war drags on.

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