Obama

BHP Billiton (LSE:BLT) apparently ascribes to the policy of “Don’t ask for permission. Ask for forgiveness.” Reasonble certain that their legal department has found a loophole in a long-standing ban on export of U.S. crude oil, the Anglo-Australian energy giant has set in process a plan to act without permission. That could be risky business. […]

U.S. markets took a downturn today following the release of its monthly monetary policy review findings and actions. The S&P 500 dropped off by 0.14% to 1,982.30. The Dow closed at 16,974.31, down .18%. The Nasdaq took the biggest hit at 4,549.23, down 0.33%. Today’s report was not the end of the world as some […]

The ongoing dramatics involving the potential acquisition of Shire (LSE:SHP) by AbbVie (NYSE:ABBV) has given Shire’s share price a punch in the solar plexus today, making it the FTSE’s biggest loser on the day. Not only has the wind been knocked out of Shire’s sails, but there may be a storm brewing on the horizon. […]

Quarterly Operations Update for the Period Ended 30 September 2014 Magnolia Petroleum, an AIM quoted US focused oil and gas exploration and production company, has announced a quarterly update on its operations across proven and producing US onshore hydrocarbon formations, including the Bakken/Three Forks Sanish in North Dakota and Montana, and the Mississippi Lime and […]

I’ll admit it right from the start. I found a way to use “Obama” in the headline to grab your attention. But, just because I used a cheap, journalistic trick doesn’t mean that you shouldn’t keep reading. There is something very dangerous going on in the White House and at the Federal Reserve (not to […]

The last time the NASDAQ closed higher than 4,500 was March 2000. That’s more than 14 years ago. That was before 9/11, before the fall of Saddam Hussein, Muammar Gaddafi, or Osama bin Laden. It was before the sub-prime lending crisis and the bank bailout. It was before Facebook was born, and even before an […]

It was just three days ago, Monday, 04 August, that I wrote about Kurdish oil producers shares falling as the militants of the Islamic State had taken new ground in northern Iraq, include control of the countries largest dam on Lake Mosul. Continued advancement, now eastward, by the militant troops is quickly eroding investor confidence […]

You have got to wonder if the Obama administration is out to get Tesla (NASDAQ:TSLA) founder Elon Musk. Following remarks by Fed Chairwoman Janet Yellen, Tesla’s share price plunged to 219.58 from it’s previous close of 226.45 on 14 July. It may be difficult to prove that Yellen’s ineptness caused the significant reduction in the […]

The U.S. economy suffered a 2.9%  decline in GDP during the first quarter of 2014. Whilst that statement on its own is bad enough, it is even worse when we understand that it is  the worst quarterly performance since the first quarter of 2009, which, by the way, was the first quarter of Barack Obama’s […]

Whilst the general populace looks upon the current unrest and atrocities in Iraq, the financial markets are reacting, not with the horror of the general public, but with concern about the potential value of their investments. In no way do I mean to make this sound like the financial world has no heart. I am, […]