|Bid||44.00 x 1200|
|Ask||0.00 x 1400|
|Day's Range||59.51 - 59.93|
|52 Week Range||44.52 - 61.05|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||59.52|
|Earnings Date||Jun 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||61.06|
(Bloomberg) -- Oil rocketed to its biggest weekly gain in more than two years as U.S. President Donald Trump’s aborted air strikes against Iran left Middle East tensions simmering with the endgame uncertain.Crude futures rose in New York on Friday to complete a 9.4% rally for the week. Trump tweeted that he called off raids because of concern the death toll wouldn’t have been “proportionate” to Iran’s downing of an American spy drone earlier this week. Trump said he was in “no hurry” to respond, despite a series of provocations in the oil-rich region.The canceled attack sent a “very confusing” message, Daniel Yergin, an oil historian and vice-chairman at IHS Markit Ltd., said in a Bloomberg TV interview. “The fear is that this could pretty quickly escalate. There’s plenty of room for accident, misunderstanding, future incidents. The Iranians are in a corner.”West Texas Intermediate for August delivery closed 36 cents higher onFriday at $57.43 a barrel on the New York Mercantile Exchange. The U.S. benchmark notched its biggest weekly increase since December 2016. Brent for August settlement rose 75 cents to $65.20 on London’s ICE Futures Europe Exchange.Gasoline futures, meanwhile, jumped 3.9% as a fire raged at the biggest refinery on the U.S. East Coast.Hostilities have been mounting in the Persian Gulf region, source of one third of the world’s oil, with the drone incident, missile strikes on Saudi Arabia and an attack on tankers near the Strait of Hormuz. On Thursday, a rocket exploded near an Exxon Mobil Corp. workers’ camp in Iraq.An American attack on Iranian targets, which would have included air strikes, was close to being carried out when it was halted, according to a U.S. administration official who was granted anonymity to discuss a national security matter. The official wouldn’t discuss whether the plan might be revived.Despite crude’s recent rally, a prolonged U.S.-China trade war has dented the demand outlook. Washington and Beijing are set to resume talks next week, providing a glimmer of hope for the global economy. But investors want a resolution to the dispute, not merely more talks, said IHS’s Yergin.“The market is poised between where it was before, which was just gloom” and “the possibility that demand will spike up because there will be some kind of settlement with China,” he said. “If there isn’t, there will be real disappointment and that will certainly show up in the oil price.”Near-record U.S. crude production, meanwhile, is also weighing on prices. If tensions in the Mideast subside, Brent could slide back toward $60 a barrel, Carolyn Kissane, a professor at New York University’s Center for Global Affairs, said in an interview.“I don’t see us moving into a higher-price environment without something much more significant happening to the supply outlook,” she said.\--With assistance from Sharon Cho, Grant Smith and Alix Steel.To contact the reporter on this story: Alex Nussbaum in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Serene Cheong at email@example.com, Carlos Caminada, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CENTREVILLE, Va., June 21, 2019 /PRNewswire/ -- For the sixth year in a row, Carfax has been recognized as a "Top Workplace" by The Washington Post. This prestigious honor highlights the dedication and passion of everyone who is a part of Team Carfax. "We're thrilled to be named a 2019 Top Workplace by The Washington Post, and this award would not have been possible without the hard work and determination of everyone on Team Carfax," said Adrienne Webster, vice president of Human Resources.
CENTREVILLE, Va., June 21, 2019 /PRNewswire/ -- Carfax announced today that a new insurance total loss valuation service is now available through its claims-centric web portal, CarfaxForClaims.com. The new product helps total loss adjusters determine a vehicle's unique pre-accident value using Carfax's VIN-specific History-Based Value. "The existing practice of valuing a total loss vehicle based on the values of a small number of comparable vehicles is fraught with subjectivity," said Peter LaPlaca, global insurance executive and consultant.
CENTREVILLE, Va. , June 20, 2019 /PRNewswire/ -- Carfax has integrated with Facebook Marketplace to bring more transparency and confidence to buyers shopping for their next used car. Car shoppers using ...
IHS Markit , a world leader in critical information, analytics and solutions, today announced that it has won the Regulatory Capital Calculation Product of the Year category in the 2019 Risk Technology Awards presented by Risk magazine and Risk.net.
IHS Markit (INFO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IHS Markit Ltd. , a world leader in critical information, analytics and solutions, today announced that it is transferring its common share listing from the Nasdaq Global Select Market to the New York Stock Exchange .
IHS Markit (INFO), a world leader in critical information, analytics and solutions, today announced that its ClearPar service is delivering syndicated loan trade settlement and trade funding information directly to custody systems using electronic messaging. The advance improves accuracy at custodians and reduces the risk of penalties that arise when buyers are late in making payments on loan trades. J.P. Morgan Securities Services and BlackRock are the first two organizations to benefit from the new Custodian Services Messaging solution from ClearPar which delivers electronic messages covering notice of settlement date, settlement amounts and wire instructions to custodians and trustees.
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
Market EyeQ provides access to all prospective buyers for a dealer, by segment, on a single sales platform. It is backed by real-time proprietary data and algorithms to identify, communicate with and close more buyers in a dealer's market. "Jaguar Land Rover is synonymous with luxury, innovation and a great customer experience," said Marco Schnabl, founder and co-CEO of Mastermind.
Chicago made news as one of the first 5G-enabled cities in the world when Verizon launched its service in April. Consistent performance on existing 4G LTE networks will be needed as 5G rolls out to assure the best overall mobile experience for consumers. Recent testing from RootMetrics by IHS Markit, the standard for mobile performance benchmarking, shows that impressive improvements by the carriers in Chicago have created a strong foundation for 5G networks to build upon.
Manhattan offers the fastest network performance when comparing the boroughs, while Brooklyn and the Bronx record lower speed measurements
Global Growth Falls amid US-China Trade War: What's Your Defense?Global services PMIOn June 5, JPMorgan Chase, IHS Markit (INFO), the Institute of Supply Management, and the International Federation of Purchasing and Supply Management released
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years. IHS Markit expects average year-on-year supply additions to be below 100,000 barrels per day (b/d) in the coming decade. Transportation constraints such as a lack of adequate pipeline capacity and the resulting sense of price insecurity in western Canada have weighed on new large scale incremental investments in the oil sands, said Kevin Birn, vice president, IHS Markit – who heads the Oil Sands Dialogue.
Silicon Valley is globally recognized as a technology innovation hub. New findings from RootMetrics by IHS Markit, the standard for mobile performance benchmarking, show that AT&T and Verizon continue their reign over the fast-paced, entrepreneurial region, sharing the Overall Performance RootScore Awards in both San Francisco and San Jose.
The Paychex | IHS Markit Small Business Employment Watch shows small business job growth remained consistent; Hourly earnings growth is slightly above the 2018 average ROCHESTER, N.Y. , June 4, 2019 /PRNewswire/ ...
IHS Markit (INFO), a world leader in critical information, analytics and solutions, will release its financial results for the second quarter of fiscal year 2019 on Wednesday, June 26, 2019, before market open. In conjunction with the earnings release, investors will have the opportunity to listen to IHS Markit senior management review its second quarter fiscal year 2019 results via conference call and webcast on Wednesday, June 26, 2019 at 8:00 am EDT. To hear the live event, visit the IHS Markit investor website at http://investor.ihsmarkit.com and log in at least 15 minutes prior to the start of the webcast.
May survey data signalled only a marginal improvement in the health of the U.S. manufacturing sector. The headline PMI fell to its lowest level since September 2009 as output growth eased and new orders fell for the first time since August 2009. Weak demand conditions and ongoing trade tensions led firms to express the joint-lowest degree of confidence regarding future output growth since data on the outlook were first collected in mid-2012.
Canada's manufacturing sector saw operating conditions worsen again in May. Production continued to contract amid the sharpest drop in new orders since December 2015. More positively, employment saw a fractional increase after a slight dip in April, whilst input price inflation eased to its slowest rate in over four years. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index® (PMI®) dropped from 49.7 in April to 49.1 in May, signalling a second successive monthly deterioration in business conditions.
Informa Agribusiness Intelligence to be transferred in full to IHS Markit and the majority of the IHS Markit TMT business to be transferred to Informa
71% of asset managers believe that using alternative data gives them an investing edge over competitors, according to a new study by Greenwich Associates commissioned by business information provider IHS Markit (INFO). 74% of firms surveyed agreed that alternative data is starting to have a big impact on institutional investing, demonstrating its valuable explanatory power to both quantitative and fundamental investment models. Around half of investment managers are currently using alternative data with another quarter planning to do so in the next 12 months, according to the research.
More than 11.2 million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12 percent of the light vehicle fleet, based on new research and forecasts from business information provider IHS Markit (INFO). It is expected that production of light vehicles equipped with V2X systems will be just under 15,000 units in 2019 and will grow at a compound annual growth rate (CAGR) of 277.5 percent in 2024. The automotive telematics forecasts from IHS Markit analyze technology deployment, monitor OEM sourcing strategies and identify specific new business opportunities through a six-year forecast calendar of new programs.