Market Watch

Rent-A-Center February Core US Same Store Sales Drop 16%

Rent-A-Center February Core US Same Store Sales Drop 16%

March 16, 2017 at 11:42 am 0 comments

Rent-A-Center, an international experiential services company, said Thursday that its core U.S. business February same store sales decreased 16%. The sequential decline was due to less merchandise sales revenue from the tax refund delay, lower revenue per agreement when customers paid out early from the higher promotional activity in 2016 and generally lower end product in the system, and beingRead More

Medigus Says MUSE Procedure Used Successfully in Switzerland for GERD

Medigus Says MUSE Procedure Used Successfully in Switzerland for GERD

March 14, 2017 at 12:01 pm 0 comments

Medigus said Tuesday that the first MUSE procedures were performed successfully in Switzerland at the Center for Digestive Diseases at Hirslanden Clinic in Aarau. “We are excited that MUSE is now being offered in Switzerland, expanding our availability in Europe,” said Chris Rowland, CEO of Medigus. The MUSE system is a single-use flexible transoral stapler that merges the latest advancementsRead More

Good News Keeps Rolling in For Equity Bulls Optimistic About Trump’s Plan

Good News Keeps Rolling in For Equity Bulls Optimistic About Trump’s Plan

March 1, 2017 at 1:18 pm 0 comments

Equity bulls have received a lot of good news in the past 12 to 18 hours — data shows grwoth remains strong as German inflation, China manufacturing, PMI and ISM data all were positive, JPMorgan said in a midday note on Wednesday. The Fed is reflecting the data with members making hawkish comments, which points to an increase in optimismRead More

Energy Stocks Jumping Out to Big Gains in Market Surge

Energy Stocks Jumping Out to Big Gains in Market Surge

March 1, 2017 at 1:16 pm 0 comments

Energy stocks were sharply higher, with the NYSE Energy Sector Index climbing over 1.9% while shares of energy companies in the S&P 500 were up nearly 2.2% as a group. Crude oil for April delivery was down 10 cents at $53.91 per barrel while April natural gas futures were a penny higher at $2.79 per 1 million BTU. In companyRead More

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

March 1, 2017 at 11:28 am 0 comments

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52Read More

Dow Pushes Past 21,000 as US Stocks Cheer Trump’s Speech

Dow Pushes Past 21,000 as US Stocks Cheer Trump’s Speech

March 1, 2017 at 11:22 am 0 comments

Stocks in the US rallied on Wednesday, with the Dow Jones Industrial Average topping 21,000 as markets applauded yesterday’s speech from President Donald Trump. On the Standard & Poor’s 500, nine of the 11 sectors rose, led by a 2.7% surge in financials and a 2.1% gain in energy. On the Dow, all but two of the 30 blue chipsRead More

Marathon Petroleum Drops Down Terminal, Pipeline and Storage Assets to MPLX

Marathon Petroleum Drops Down Terminal, Pipeline and Storage Assets to MPLX

March 1, 2017 at 8:03 am 0 comments

Marathon Petroleum (MCP) and MPLX LP (MPLX) said Wednesday that they have closed a transaction in which Marathon Petroleum contributed certain terminal, pipeline and storage assets to MPLX for total consideration of $2.02 billion. The assets include 62 light-product terminals with 24 million barrels of storage capacity; 11 pipeline systems consisting of 604 miles of pipeline; 73 tanks with 7.8Read More