Italian and French relations are falling apart fast. Here’s why

France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors? The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris. Di Maio took to Twitter to say the “winds of change had crossed the Alps” before


France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors? The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris. Di Maio took to Twitter to say the “winds of change had crossed the Alps” before
Italian and French relations are falling apart fast. Here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, brian snyder, andrea ronchini, nurphoto, getty images, simona granati – corbis, corbis news
Keywords: news, cnbc, companies, winds, relations, falling, crossed, apart, heres, french, protesters, european, workingclass, italy, maio, italian, yellow, fast


Italian and French relations are falling apart fast. Here's why

France has now recalled its ambassador to Italy following months of escalating tension, but why has it got so heated between the two — normally cordial — European neighbors?

The latest verbal skirmish between the European countries came after Italian Deputy Prime Minister Luigi Di Maio crossed the border to meet with the French anti-government protesters known as the “gilet jaunes” (yellow vests) just outside Paris.

Di Maio took to Twitter to say the “winds of change had crossed the Alps” before inviting the protesters to a follow-up meeting in Rome.

The 32-year-old is the leader of the Italian populist Five Star Movement (M5S) and sees the French protests, with its rural and working-class roots, as a natural ally to his own party’s cause in Italy.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, brian snyder, andrea ronchini, nurphoto, getty images, simona granati – corbis, corbis news
Keywords: news, cnbc, companies, winds, relations, falling, crossed, apart, heres, french, protesters, european, workingclass, italy, maio, italian, yellow, fast


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Watches falling out of favor, Capri CEO says, sending shares of Fossil, Movado lower

The parent company of Michael Kors, Versace and Jimmy Choo is seeing weakness in sales of fashion watches. “[The] fashion watch category continues to see declines globally, and we are being impacted by this secular trend,” Idol said on the fiscal third-quarter conference call. In its holiday sales release, Macy’s CEO Jeff Gennette noted weak watch sales, among several other categories. The earlier hints of watch weakness could be a warning sign ahead of other retailers’ earnings reports still to


The parent company of Michael Kors, Versace and Jimmy Choo is seeing weakness in sales of fashion watches. “[The] fashion watch category continues to see declines globally, and we are being impacted by this secular trend,” Idol said on the fiscal third-quarter conference call. In its holiday sales release, Macy’s CEO Jeff Gennette noted weak watch sales, among several other categories. The earlier hints of watch weakness could be a warning sign ahead of other retailers’ earnings reports still to
Watches falling out of favor, Capri CEO says, sending shares of Fossil, Movado lower Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: courtney reagan, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, capri, sending, favor, weakness, ceo, sales, movado, apple, lower, fossil, fashion, watches, shares, category, nearly, falling, watch, quarter


Watches falling out of favor, Capri CEO says, sending shares of Fossil, Movado lower

While Capri Holdings just put up a quarter that beat profit expectations, CEO John Idol pointed out a key weakness in one category that pulled down shares of several competitors.

The parent company of Michael Kors, Versace and Jimmy Choo is seeing weakness in sales of fashion watches.

“[The] fashion watch category continues to see declines globally, and we are being impacted by this secular trend,” Idol said on the fiscal third-quarter conference call. “We now expect declines in watches to continue in the fourth quarter and into next year at a greater rate than we had anticipated.”

Shares of watchmakers Fossil and Movado fell on the comments. Fossil shares, which are down nearly 88 percent over the past year, plunged nearly 10 percent, while Movado shares dropped 3 percent. Movado shares are off nearly 4 percent over the past year.

Capri is not the first retailer to call out the weakness in recent weeks. In its holiday sales release, Macy’s CEO Jeff Gennette noted weak watch sales, among several other categories.

The earlier hints of watch weakness could be a warning sign ahead of other retailers’ earnings reports still to come.

The soft sales may reflect consumer adoption of smartwatches, or a shift to consumers wearing watches less often now that mobile phones are ever-present time-telling devices.

Over the same time period that Capri and Macy’s saw weakness in fashion watches, Apple saw strength for its smartwatch. While the tech company does not provide a breakout for sales of its watch alone, on its fiscal first-quarter earnings conference call, Apple CEO Tim Cook said the tech company “had our best quarter ever for wearables, home, and accessories” noting “almost 50 percent growth from wearables, thanks to strong sales of both Apple Watch and AirPods.”

According to Strategy Analytics, the Apple Watch held the top spot for smartwatches with 45 percent of the global market in the third quarter of 2018. FitBit jumped to second with a 15 percent share of the market, overtaking Samsung at 11 percent and Garmin at 8 percent. I

The Michael Kors smartwatch continued to outperform the broader category, Idol said. He added that in fashion watches, “slim silhouettes, particularly those in luxury leather band offerings” were better selling, but in general “the overall watch category was more challenged than we anticipated in the quarter.”


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: courtney reagan, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, capri, sending, favor, weakness, ceo, sales, movado, apple, lower, fossil, fashion, watches, shares, category, nearly, falling, watch, quarter


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Nvidia is falling again as analysts bail on once-loved stock: ‘This becomes a show me story’

Shares of Nvidia fell 3 percent Tuesday, adding to their steep losses from the previous session, as several analysts bailed on the chipmaker following a dire sales warning. Analysts at Morgan Stanley and Needam downgraded the stock. Another analyst at Bank of America Merrill Lynch removed it from its list of best ideas. Nvidia dropped 13.8 percent Monday, its worst single-day performance since Nov. 16, after the company slashed its fiscal fourth-quarter revenue guidance to $2.2 billion from $2.7


Shares of Nvidia fell 3 percent Tuesday, adding to their steep losses from the previous session, as several analysts bailed on the chipmaker following a dire sales warning. Analysts at Morgan Stanley and Needam downgraded the stock. Another analyst at Bank of America Merrill Lynch removed it from its list of best ideas. Nvidia dropped 13.8 percent Monday, its worst single-day performance since Nov. 16, after the company slashed its fiscal fourth-quarter revenue guidance to $2.2 billion from $2.7
Nvidia is falling again as analysts bail on once-loved stock: ‘This becomes a show me story’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: fred imbert, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, warninganalysts, nvidia, analysts, billion, morgan, analyst, falling, onceloved, gaming, quarter, stanley, worst, stock, bail


Nvidia is falling again as analysts bail on once-loved stock: 'This becomes a show me story'

Shares of Nvidia fell 3 percent Tuesday, adding to their steep losses from the previous session, as several analysts bailed on the chipmaker following a dire sales warning.

Analysts at Morgan Stanley and Needam downgraded the stock. Another analyst at Bank of America Merrill Lynch removed it from its list of best ideas.

Nvidia dropped 13.8 percent Monday, its worst single-day performance since Nov. 16, after the company slashed its fiscal fourth-quarter revenue guidance to $2.2 billion from $2.7 billion. In a statement, Nvidia said that “deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming GPUs,” a key business segment for the company.

“Missing the quarter this badly in gaming indicates more significant challenges than we had anticipated, given that this is still a channel fill quarter for midrange/high end,” said Morgan Stanley analyst Joseph Moore, in a note Tuesday. “This becomes a show me story with lower P/E assumptions.”


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: fred imbert, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, warninganalysts, nvidia, analysts, billion, morgan, analyst, falling, onceloved, gaming, quarter, stanley, worst, stock, bail


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Cramer Remix: Don’t jump the gun—Nvidia’s stock isn’t done falling

For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” “That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.” In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an


For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” “That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.” In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an
Cramer Remix: Don’t jump the gun—Nvidia’s stock isn’t done falling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: elizabeth gurdus, wang ying, xinhua news agency, getty images, adam jeffery, michaela rehle, christopher dilts, bloomberg
Keywords: news, cnbc, companies, dont, falling, cramer, 52week, jump, stock, isnt, gunnvidias, nvidias, markets, nvidia, yesterday, stocks, remix, think, worth


Cramer Remix: Don't jump the gun—Nvidia's stock isn't done falling

Even though CNBC’s Jim Cramer has long been a fan of Nvidia, a top chipmaker that dragged stocks lower Monday with a major revenue forecast cut, he understood why its stock has lost so much value.

For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” Chinese authorities have unexpectedly cracked down on video games, one of Nvidia’s key end markets; construction in another one of its key markets, the data center, has slowed; and the company still hasn’t completely gotten a handle on inventory overhangs with its cryptocurrency mining products.

The semiconductor maker is also in the midst of a transition that could add even more pressure: the shift from its current generation of graphics chips to its new Turing line of chips, which seem almost too advanced for the companies that need them now, Cramer said.

“That’s why the stock initially got slammed yesterday, … reversing all of its gains for the year,” he said. “That move actually made sense to me. […] Why? Because when companies pre-announce to the downside like Nvidia did yesterday, their stocks almost always take out their 52-week lows.”

In Nvidia’s case, that 52-week low is $124.46, down about $7 from its Tuesday closing price of $131.60. And, in Cramer’s experience, when a company issues an exceedingly negative pre-announcement, “you can’t pick at its stock until it takes out its 52-week lows.”

“Once Nvidia comes down to those levels, then there’s a case to be made that it might be worth nibbling at,” he said, adding that the stock’s late-Monday rally was a sign that buyers were way too eager. “Believe me, that weakness is worth waiting for, and [with] the bounce I expect from Apple and also the not-so-bad news from AMD? I think it’s going to happen. I don’t think it’ll be long-lived.”


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: elizabeth gurdus, wang ying, xinhua news agency, getty images, adam jeffery, michaela rehle, christopher dilts, bloomberg
Keywords: news, cnbc, companies, dont, falling, cramer, 52week, jump, stock, isnt, gunnvidias, nvidias, markets, nvidia, yesterday, stocks, remix, think, worth


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The US is falling behind China in crucial race for AI dominance

That left hundreds of global business executives with less distraction as they turned their attention to Artificial Intelligence (AI), a term few of them knew even a couple of years ago and a technology they still don’t fully comprehend. Some 84 percent of Chinese executives laid their bets on AI, while only 38 percent of their US colleagues agreed. That was reflected as well in how those polled by PwC said they had already deployed AI in their companies. A full 25 percent of Chinese executives


That left hundreds of global business executives with less distraction as they turned their attention to Artificial Intelligence (AI), a term few of them knew even a couple of years ago and a technology they still don’t fully comprehend. Some 84 percent of Chinese executives laid their bets on AI, while only 38 percent of their US colleagues agreed. That was reflected as well in how those polled by PwC said they had already deployed AI in their companies. A full 25 percent of Chinese executives
The US is falling behind China in crucial race for AI dominance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: fred kempe, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, business, executives, china, ai, davos, chinese, technology, xi, crucial, race, american, global, dominance, pwc, falling


The US is falling behind China in crucial race for AI dominance

DAVOS, SWITZERLAND – The star who stole the stage at the annual meeting of the World Economic Forum, which just ended here yesterday, wasn’t the stuff of flesh and blood but of data-driven algorithms.

US President Donald Trump, China’s Xi Jinping, India’s Narendra Modi, France’s Emmanuel Macron and Great Britain’s Theresa May were no shows at this gathering of global movers and shakers, occupied with more pressing matters at home.

That left hundreds of global business executives with less distraction as they turned their attention to Artificial Intelligence (AI), a term few of them knew even a couple of years ago and a technology they still don’t fully comprehend.

Yet in one session after another, they shared what they were (or weren’t) doing about it and learned how AI would transform their industries, their societies and international relations, perhaps as no technology before it.

Not even news late in the week from Venezuela shifted the conversation all that much. It may take weeks to determine whether Nicolas Maduro can hang on to power in Caracas with Russian, Chinese and Cuban backing — and against US and widespread Latin American opposition.

Yet even that big of a geopolitical story, in a pivotal Latin American country that holds the world’s largest oil reserves, couldn’t compete with a matter that was already hitting so many Davos delegates so directly, as an all-consuming bottom-line issue for companies.

Most troubling for the American business leaders in Davos, who had grown accustomed to being atop the global technological heap, was that they heard time and again how quickly they were falling behind their Chinese peers. Though it is a tech race most Western executives feel is only on its first laps, they heard how President Xi had declared a sort of space race or Manhattan Project around AI that is already delivering measurable results.

As a sign of the times, PwC used its annual survey of some 1,400 global CEOs – released every year here at Davos – to ask business executives whether they thought AI or the Internet would have the greater long-term impact. Some 84 percent of Chinese executives laid their bets on AI, while only 38 percent of their US colleagues agreed.

That was reflected as well in how those polled by PwC said they had already deployed AI in their companies. A full 25 percent of Chinese executives reported they had utilized AI broadly compared to just 5 percent of American executives.

“It’s rare you get that big of a difference between two superpowers,” Tim Ryan, US chair of PwC told The Washington Post. “It tells us we (Americans) probably need to make sure we’re thinking about it in the right way.”


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: fred kempe, fabrice coffrini, afp, getty images
Keywords: news, cnbc, companies, business, executives, china, ai, davos, chinese, technology, xi, crucial, race, american, global, dominance, pwc, falling


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European banks falling behind US on tech innovation, Finastra CEO says

European banks are lagging behind the U.S. when it comes to embracing technology, according the CEO of leading fintech (financial technology) firm Finastra. The firm works with 45 of the world’s top 50 banks and has revenues in excess of $2 billion. Chief Executive Simon Paris told CNBC’s “Squawk Box Europe” on Monday that U.S. banks had embraced fintech more rapidly than their European counterparts, and were already seeing the benefits of their earlier investments. “You see a big difference bet


European banks are lagging behind the U.S. when it comes to embracing technology, according the CEO of leading fintech (financial technology) firm Finastra. The firm works with 45 of the world’s top 50 banks and has revenues in excess of $2 billion. Chief Executive Simon Paris told CNBC’s “Squawk Box Europe” on Monday that U.S. banks had embraced fintech more rapidly than their European counterparts, and were already seeing the benefits of their earlier investments. “You see a big difference bet
European banks falling behind US on tech innovation, Finastra CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: chloe taylor, stephan drescher, getty images
Keywords: news, cnbc, companies, innovation, expected, banking, worlds, falling, productivity, fintech, works, firm, european, ceo, banks, technology, tech, finastra


European banks falling behind US on tech innovation, Finastra CEO says

European banks are lagging behind the U.S. when it comes to embracing technology, according the CEO of leading fintech (financial technology) firm Finastra.

The firm works with 45 of the world’s top 50 banks and has revenues in excess of $2 billion.

Chief Executive Simon Paris told CNBC’s “Squawk Box Europe” on Monday that U.S. banks had embraced fintech more rapidly than their European counterparts, and were already seeing the benefits of their earlier investments.

“You see a big difference between the U.S. banks and the European banks, and I think that’s part of the reason why U.S. banks are at twice the level of return on equity over the Europeans,” he said.

“What the Americans are doing is investing very heavily in productivity and in the actual service itself, (and enabling) the customer journey. You really see that they’re getting improvements from those technology investments they made a few years ago.”

Paris also explained that certain areas of technology had been more widely adopted in the banking sector than expected. While technologies that improved productivity — such as automation — have been implemented on a wide scale, technology designed for the retail banking space has been slower to take off than expected, he said.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: chloe taylor, stephan drescher, getty images
Keywords: news, cnbc, companies, innovation, expected, banking, worlds, falling, productivity, fintech, works, firm, european, ceo, banks, technology, tech, finastra


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Falling oil prices will be a hidden blessing for Saudi start-ups, investor says

In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa. Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in tha


In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa. Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in tha
Falling oil prices will be a hidden blessing for Saudi start-ups, investor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: natasha turak, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, middle, falling, investor, arab, prices, hidden, faster, east, scale, ghandour, blessing, region, startups, oil, saudi


Falling oil prices will be a hidden blessing for Saudi start-ups, investor says

In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa.

“For years we’ve said there is an inverse relationship between how change happens on the regulatory environment and the price of oil — the lower the price of oil, the faster the change process happens,” Ghandour told CNBC’s Hadley Gamble on Thursday, pointing to Arab Gulf countries like Saudi Arabia and the United Arab Emirates whose economies have historically been dependent on hydrocarbon revenues.

Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in that it will force the development of sustainable, knowledge-based economies and jobs. He believes that startups founded five or more years ago are now reaching their maturity stage, meaning there will be more businesses scaling up in the next several years — if they can get the necessary support.

“These companies born somewhere around 2011, 2012, have raised much more money, they are growing much faster, the region is adopting mobile smartphone technology much faster, they are interacting much faster and at a much larger scale, specifically in Saudi Arabia,” Ghandour said.

“This is the time when there is size, there is scale, and the big funds globally who don’t want to take the risk early on, are going to be looking for entry into a market that they don’t have much presence in.” He pointed to New York-based global equity firm General Atlantic’s investment of $120 million in Dubai-based website Property Finder last November. The Middle East real estate platform was founded in 2007 and has been profitable since 2013.

Investments in Middle East and North Africa (MENA)-based startups went up by 31 percent between 2017 and 2018 to $893 million, with 366 deals made, according to Magnitt, a regional data platform for investors. The database also found that more than 155 institutions invested in MENA startups in 2018, 30 percent of which were from outside the region and 47 percent of which had not previously invested in the region.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: natasha turak, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, middle, falling, investor, arab, prices, hidden, faster, east, scale, ghandour, blessing, region, startups, oil, saudi


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Here’s why gas prices are falling, and why drivers shouldn’t get too used to them

Crude oil’s sharp fall in 2018 has helped put some extra money in consumers’ pockets, in the form of falling gas prices. According to AAA, nine states saw prices at the pump drop below $2 a gallon late this week, a gift for drivers this holiday season. While there are many factors driving down energy prices, it raises the question of whether the drop is linked to supply and demand. With travelers still hitting the friendly skies, and airlines also deriving a benefit from cheaper fuel prices, Klo


Crude oil’s sharp fall in 2018 has helped put some extra money in consumers’ pockets, in the form of falling gas prices. According to AAA, nine states saw prices at the pump drop below $2 a gallon late this week, a gift for drivers this holiday season. While there are many factors driving down energy prices, it raises the question of whether the drop is linked to supply and demand. With travelers still hitting the friendly skies, and airlines also deriving a benefit from cheaper fuel prices, Klo
Here’s why gas prices are falling, and why drivers shouldn’t get too used to them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-29  Authors: trent gillies
Keywords: news, cnbc, companies, tom, heres, oil, falling, gas, drivers, prices, told, think, money, going, shouldnt, supply, fuel, kloza, used


Here's why gas prices are falling, and why drivers shouldn't get too used to them

Crude oil’s sharp fall in 2018 has helped put some extra money in consumers’ pockets, in the form of falling gas prices.

According to AAA, nine states saw prices at the pump drop below $2 a gallon late this week, a gift for drivers this holiday season. Over the last 90 days, retail averages have dropped 83 of the past 90 days, with the downward trend expected to continue into early next year, the organization said.

Over the last two years, Russia and the cartel of the world’s largest oil producers known as OPEC have been managing the global petroleum supply, in order to rebalance the market after a prolonged and punishing oil price downturn.

While there are many factors driving down energy prices, it raises the question of whether the drop is linked to supply and demand. According to one veteran oil market watcher, a more technical factor could be behind the move.

“I think it’s mostly supply and it’s something that tends to happen between October and April when gasoline becomes the unwanted hydrocarbon,” said Tom Kloza, global head of energy analysis at fuel price service OPIS.

Kloza explained that during this period, refiners are moving to more profitable diesel, heating oil and jet fuel production, and away from gasoline.

“We just manufacture too much of it,” Kloza told CNBC’s On The Money in a recent interview, “and we just came out of a couple months where OPEC producers were producing more crude than what they pledged to in January.”

However, Kloza predicted the low prices at the pump will head back up in the springtime. “I think the bottom line is 2019 and the end of 2018 will be bookended with cheap prices, but in the middle we’re going to go considerably higher than that and you’ve got to be aware of that, ” Kloza told CNBC.

“When the baseball season’s on, you’re going to see higher prices,” he added. Nevertheless, Kloza predicted that “demand for gasoline is probably going to be flat actually for the next few years. The thing that keeps refiners going is export demand.”

With travelers still hitting the friendly skies, and airlines also deriving a benefit from cheaper fuel prices, Kloza said.

Yet flyers shouldn’t get their hopes up for cheaper travel costs.

“Lower jet fuel prices don’t mean lower airfares, we’ve learned that in the last ten years,” Kloza added.

–CNBC’s Tom DiChristopher contributed to this report.

On the Money airs on CNBC Saturdays at 5:30 am ET, or check listings for air times in local markets.


Company: cnbc, Activity: cnbc, Date: 2018-12-29  Authors: trent gillies
Keywords: news, cnbc, companies, tom, heres, oil, falling, gas, drivers, prices, told, think, money, going, shouldnt, supply, fuel, kloza, used


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Despite falling oil prices, the ‘glory days for US shale are far from over’

Oil prices stabilized on Wednesday after a “toxic mix” of market forces triggered one of the biggest falls for years. However, despite a protracted sell-off in crude futures, the meteoric rise of U.S. shale should continue undeterred over the coming months, analysts told CNBC. “In short, as much as the recent price slump has injected a fresh dose of uncertainty, it is unlikely to derail the U.S. shale engine,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published


Oil prices stabilized on Wednesday after a “toxic mix” of market forces triggered one of the biggest falls for years. However, despite a protracted sell-off in crude futures, the meteoric rise of U.S. shale should continue undeterred over the coming months, analysts told CNBC. “In short, as much as the recent price slump has injected a fresh dose of uncertainty, it is unlikely to derail the U.S. shale engine,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published
Despite falling oil prices, the ‘glory days for US shale are far from over’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: sam meredith
Keywords: news, cnbc, companies, market, days, glory, prices, shale, global, falling, crude, economy, brennock, despite, oil, far, comes, concerns, futures


Despite falling oil prices, the 'glory days for US shale are far from over'

Oil prices stabilized on Wednesday after a “toxic mix” of market forces triggered one of the biggest falls for years.

However, despite a protracted sell-off in crude futures, the meteoric rise of U.S. shale should continue undeterred over the coming months, analysts told CNBC.

“In short, as much as the recent price slump has injected a fresh dose of uncertainty, it is unlikely to derail the U.S. shale engine,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published Wednesday.

“The fact is that U.S. tight oil supply is expected to expand by at least 1 million bpd in 2019. In doing so, it will go a long way to cementing America’s newfound position as the world’s biggest oil producer.” “For now, when it comes to the U.S. shale patch, the glory days are far from over,” Brennock said.

Since climbing to four-year highs in early October, crude futures have tumbled by more than a third. The latest wave of heavy selling comes at a time when the energy market as well as the global economy is gripped by a flurry of bearish factors.

Heightened concerns of oversupply, reports of swelling inventories, forecasts of record U.S. and Russian output and intensifying concerns about a slowing global economy have all placed downward pressure on the value of a barrel of oil.

International benchmark Brent crude traded at around $56.61 on Wednesday, up around 0.6 percent, while U.S. West Texas Intermediate (WTI) stood at around $46.59, more than 0.75 percent higher.


Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: sam meredith
Keywords: news, cnbc, companies, market, days, glory, prices, shale, global, falling, crude, economy, brennock, despite, oil, far, comes, concerns, futures


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Bond market: Treasury yields lower; Fed meeting in focus

U.S. government debt yields slipped on Monday amid ongoing concerns around a potential slowdown in economic growth and ahead of the Federal Reserve’s December meeting. The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.868 percent, while the yield on the 30-year Treasury bond fell to 3.124 percent. Bond yields move inversely to prices. Market focus is largely centered on fears around slowing global growth, following the release of weaker-than-expected data from Chi


U.S. government debt yields slipped on Monday amid ongoing concerns around a potential slowdown in economic growth and ahead of the Federal Reserve’s December meeting. The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.868 percent, while the yield on the 30-year Treasury bond fell to 3.124 percent. Bond yields move inversely to prices. Market focus is largely centered on fears around slowing global growth, following the release of weaker-than-expected data from Chi
Bond market: Treasury yields lower; Fed meeting in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: thomas franck, ryan browne, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, falling, focus, market, lower, fed, zone, growth, data, bond, yields, meeting, treasury, yield, china


Bond market: Treasury yields lower; Fed meeting in focus

U.S. government debt yields slipped on Monday amid ongoing concerns around a potential slowdown in economic growth and ahead of the Federal Reserve’s December meeting.

The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.868 percent, while the yield on the 30-year Treasury bond fell to 3.124 percent. Bond yields move inversely to prices.

Market focus is largely centered on fears around slowing global growth, following the release of weaker-than-expected data from China and Europe on Friday.

Chinese industrial output for November grew 5.4 percent from the previously year, lower than an estimated 5.9 percent, while retail sales rose 8.1 percent last month, falling short of an expected 8.8 percent. European data also disappointed, with the IHS Markit Flash euro zone PMI index falling to 51.7 in December, at its lowest level in four years.

The figures for China particularly weighed on market sentiment, given the unresolved trade war between the U.S. and China. The two nations are attempting to settle their differences within a 90-day truce.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: thomas franck, ryan browne, andrew harrer, bloomberg, getty images
Keywords: news, cnbc, companies, falling, focus, market, lower, fed, zone, growth, data, bond, yields, meeting, treasury, yield, china


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