options12-news-blog

[options12-news-blog]

President Trump Ends Trans-Pacific Partnership

Just a couple of days after President Trump’s inauguration, the new president have now taken actions which he highly believes will benefit America more as a part of his “Make America Great Again” campaign.

The Trans-Pacific Partnership which was signed for by the former president Obama administration is a deal originally aimed at uniting twelve countries including the United States and other countries inside the pacific ocean border in one trade market which will make it easier for the companies to trade easier. The Obama administration originally aimed for the deal to create more jobs for the country and increase basic wages even for blue collar jobs.

As early as Monday, Trump has signed a memo that the United States will now be leaving the Trans-Pacific Partnership deal revoking the former’s efforts to increase U.S partnership with Asian countries.

The new president’s decision was a ‘good thing’ for the country’s economy as he stated during the signing of the memorandum on Monday.

Despite his positive remark on his decision to end single market trade deal with 11 other countries, the markets have reacted differently with the greenback sinking to a six-week low against other currencies or majors while U.S. Treasury yields posted new lows posting their biggest drop in the past two weeks. Meanwhile, safe-haven assets such as gold rallied.

The Dow Jones Industrial Average lost as much as 27 points down by 0.14% closing at 19,799.85 while the S&P 500 dropped by 0.27% losing 6.11 points. The Nasdaq composite also declined at 0.04%, down by 2.39 points closing at 5,552.94.

As for Trump’s next moves, it was announced on Sunday that the newly inaugurated president is set to meet with Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau to talk about the North American Free Trade Agreement, a deal between the US and the two countries signed by President Clinton.

Two days after the signing of the TPP memorandum, President Trump have made another decision this time sending a green signal to boost the construction of the Dakota Access oil pipelines and the Keystone XL which has been halted indefinitely by the Obama administration since last September while the project has also received numerous protests from native American tribes and environmentalists stating that the construction of the pipeline will damage soil and water and might also affect the way of life of some native American tribes.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Yahoo Tramples Q416 Expectations

The struggling multi tech company Yahoo has again, for the second time in a row, beats analysts anticipated earnings for the fourth quarter of 2016. After the market closed last Monday, the company has disclosed its better-than-expected year-end profit and revenue.

The California-based tech giant has reported a $0.25 per share on revenue of $960 million. Yahoo beats the analysts’ estimated increase of $0.21 per share on revenue of $907.72 million, although its display ad process saw an incremental decrease of 5 percent on year-over-year basis. The reason why ads sold has declined a total of 5 percent is because of the growing price per-click of search ads by 4 percent and 18 percent respectively, but the price per advertisement has drastically sunk a total of 10 percent last year.

CEO Mayer: Pleased With The Results

While on other statistics, yahoo has treaded several forecast including; display revenue in $573 million, a marginal increase on the $568 million analysts’ expectations, GAAP search revenue hits $767 million last quarter compared to $528 million, and clearly overtaking forecasts of around the $699 million mark.  According to Yahoo’s CEO Marissa Mayer, she is very pleased with the results and incredibly proud of the team’s execution, given the uniquely eventful past year for the company. She also said that the results are “ahead of plan” highlighting the mobile revenue’s tremendous $1.5 billion increase and the over $750 billion for the native revenue.

Verizon, Yahoo Delays Deal

The Monday earnings result didn’t include Verizon’s major move of acquiring Yahoo’s core businesses due to the recent hacking of unprecedented size. According to reports, the Securities and Exchange Commission is investigating whether Yahoo’s two branches that occurred last 2013 and 2014 should have been reported to its investors sooner.

CEO Mayer said in a statement, "With security protocols and password changes in place, approximately 90 percent of our daily active users have already taken or do not need to take remedial action to protect their accounts, and we're aggressively continuing to drive this number up." Mayer also added that Yahoo has yearly added and integrated its security for users, and still continues on enhancing it till today.

The deal, which is expected to be valued around $4.8 billion, with Verizon is originally set to close in the first quarter this year. Researcher and analysts from CFRA, Scott Kessler says that the deal is currently on the talks for closing. He also wrote that "Importantly, YHOO may directly/indirectly indicate the two substantial breaches announced in September 2016 and December 2016 were material. Although we see the VZ deal closing, we are not sure about the ultimate consideration or timing."

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

DIS Might Recover This 2017

Although Walt Disney Co was able to come up with a series of successful and back to back blockbuster films this year starting with Finding Dory, Captain America, and the recently released Rogue One movie, the uncertainty and shareholder doubt on Disney’s ESPN acquisition business remains a top concern.

Although there is still rising concern on ESPN, some analysts and investment firms have upgraded the stock rating of Walt Disney Co stating that an investment with the company will greatly be beneficial for the year as the company’s earnings from their blockbuster sales will greatly affect the shares positively this year.

The film sector of the company is also set to deliver another 20% rally this year as more anticipated films are to be released. A target price of $125 has been given by the Bank of America Merrill Lynch to Walt Disney Co. 

The Disney stock, meanwhile, has ranged from around $86 to $108 through the course of 2016 although it has failed to show a sign of reaching higher than $109.

A huge number of investors are now pointing their fingers to Disney’s ownership of almost 80% of ESPN whose outlook is not looking bright as it continually loses subscribers for the second year in a row.

By Tuesday, Disney shares have reached a 52-week high at $106.90 following a buy rating from Evercore and a target price of $120. Shares also rallied up by 1.78% the same day at $106.08.

Although the overall performance of the company have ended 2016 with a bitter note, Disney’s performance from October 2016 until December 2016 recording a 12% rally signalling a stronger outlook for the beginning of 2017. 

At the moment, analysts are expecting the stock to rally by around 13% in the duration of the year and with bigger revenues with the release of more films highly anticipated by the public this 2017, the company is expecting another better-than-forecasted blockbuster film sales which would drive up Disney’s revenue.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Gold Inches Higher On Weaker Greenback

The New York Mercantile Exchange Gold for February rose up at 0.1% to $1,185.50 per ounce which is recorded to be the highest close since November last year.

Gold prices reached a seven-week high on Thursday as the looming Trump presidency increased uncertainty to how the new administration plans to boost the country’s economy.

Uncertainty caused by Donald Trump’s first press conference after the elections led to a selloff in the dollar and the investor’s shift to metals instead.

The decline in the greenback recently also led to higher gold prices. Although the specifics mentioned in his speech showed that his administration intends to allocate more budget in infrastructures and tax cuts for companies opening plants in the country, most of the markets and investors have backed out on the potential risks that a position potentially offers. 

Currently, investors are also doubting to whether Trump’s presidency and the administration has the capability to promote economic growth as the stock market was shaken since the election while some stocks were individually targeted by Trump constantly on his Twitter account.

Gold futures then showed a weaker outlook as the US currency hit new highs led by the Fed rate hike last year where precious metals faced uncertainty. The decline in the British pound also dropped to a three-month low supporting the rally of gold futures to seven-week highs.

The inflation is to be monitored by the US Federal reserve were the monetary policy is at risk of facing more changes in the midst of Trump’s initial plans for the economy although the US Fed reserve has previously announced that they are expecting at least three rate hikes this 2017.

On the start of the year, prices of gold and silver started low as the US dollar gained higher ground. The recent rally in gold prices recorded a recovery since a drop in trading last February.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Toyota Shares Drops on Trump Tweet

On Friday, US President-elect Donald Trump took his sentiments to Twitter again this time sending shares of Toyota Motor Corporation down by about 3%.

Toyota then posted a loss of about $1.2 billion erased from their market capitalization after Trump tweeted that the company would be building a plant in Mexico to produce their Corolla vehicles to be sold in the United States. Trump also hinted that the company should build the plant in the country or else the company would be fined bigger border taxes.

Although Trump have tweeted about other companies before which impacted shares negatively, this is the first time that the President-elect have commented on a foreign company.

It was also very recently that Trump called out to Twitter American automobile marker Ford Motors for their initial plans to build a plant in Mexico. Ford then announced that they would be scrapping their plans and build the plant in the US instead.

Trump’s threat to impose heavier fees heavily impacted the company’s stock just five minutes after the tweet.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Manufacturing Sector Shows Higher Growth

Although the Chinese economy have helped the manufacturing sector through bigger budgets placed on public infrastructure projects, exports also supported the growth of the sector which inched higher by 0.1% back in November from October’s decline of 7.3%.

The improving health of the country’s economy was also accounted for by the optimistic outlook for a huge chunk of the sub-indices of the manufacturing sector of China’s economy while a renewed demand was received by manufacturers from the country as early as last month.

The demand led to the growth of the country's economy to a 71-month high although it is also facing some risks brought about by Trump’s presidency which hopes to target the country’s trade industry through higher taxes and fees.

Although it has slowed a little bit last December, the growth of the economy is still at a steady rate after the Chinese government exerted more efforts in boosting their economy. This includes cutting asset prices which is highly believed to be the main contributing factor in the recent sluggish pace of the country’s economy.

Just last month, the country’s leaders hinted of policies this year that would address the growing asset or housing prices.

Reports shows that the manufacturing sector of China rose up by as much as 6.8% in the third quarter of 2016. The data then provided a brighter outlook for the country’s economy.

China’s official manufacturing purchasing managers index dropped by around 51.4 last month compared to November’s 51.7 showing that the growth of China’s economy is still going up at a slower momentum but still under an expansion.

Despite the overall positive outlook for the manufacturing growth of China, the central part of the sector have struggled recently due to a decreasing amount of demand for products from China and an excessive industrial capacity from the fast-paced growth of the country’s infrastructure.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today.

[options12-news-blog]

Greenback Drives Oil Prices Down

Despite the recent surge in oil prices, gains in crude oil prices are being cut down by the stronger greenback. The 18-month high that oil futures have recently recorded has ended as the U.S. dollar recorded its highest level since 2002.

The rally in the greenback have led brent futures down by around 2.4% on Tuesday at $55.47 per barrel while the US West Texas Intermediate dropped by 2.6% losing $1.39 at $52.23 per barrel recording a two-week low.

Prior to the dollar’s effect, crude oil futures were surging to its highest levels since last 2015 on the positive effect of the recent OPEC deal leading the brent to rally to as much s $58.37 while the WTI recorded an intra-day high of $55.24.

Current Oil Price Outlook

As the initial outlook for the US crude inventory data piled in, the two-week low that crude futures have shown ended as prices rallied back on track again following the greenback’s 14-year high.

Countries such as Kuwait have already announced output cuts as early as today with the country cutting more than 100,000 barrels this first quarter while other OPEC countries have also announced production cuts taking place this month.

From the recent close, the Global benchmark Brent traded 49 cents higher. As of now, analysts and some investors are expecting a volatility in the prices while the markets awaited actual proof that cuts are being made. 

Meanwhile, Saudi Arabia is to raise the prices of their crude oil to Asia by next month. A meeting this coming January 21-22 is scheduled between an OPEC committee to get an update with the agreement last year.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Oil Prices Rallies After Two Week-Low

Oil’s Two-Week Low Ends As Prices Rise On U.S. Inventories

Following a two-week low that oil prices have hit on the end of 2016 until the start of 201, oil prices are now rallying back as U.S. Inventory data showed that crude inventories are dropping.

This raised investor and market confidence that a number of oil producers are still sticking with the agreed output cut last year by the Organization of Exporting Countries and eleven other non-OPEC producing countries.

The US West Texas Intermediate crude futures rallied to $52.42 per barrel up by 9 cents while the Global benchmark Brent crude futures was up by ten cents at $55.57 per barrel although most of the gains led by the rally were erased by the stronger greenback.

The agreement then is expected to stabilize oil prices back to more normal levels which hasn’t been seen since last mid-2014. 

Analysts have forecasted that the prices of crude oil could rise to tup to $58 on the first quarter of 2017 should countries start showing signs of progress with the agreed production cut. 

Some experts are also saying that the rally and much more stable prices would fill the gaps in the cash reserves of some producers while this would also prevent an oversupply globally.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

China Economy Stable

Although it has slowed a little bit last December, the growth of the Chinese economy is still at a steady rate after the Chinese government exerted more efforts in boosting their economy. This includes cutting asset prices which is highly believed to be the main contributing factor in the recent sluggish pace of the country’s economy.

Just last month, the country’s leaders hinted of policies this year that would address the growing asset or housing prices.

Reports shows that the manufacturing sector of China rose up by as much as 6.8% in the third quarter of 2016. The data then provided a brighter outlook for the country’s economy.

China’s official manufacturing purchasing managers index dropped by around 51.4 last month compared to November’s 51.7 showing that the growth of China’s economy is still going up at a slower momentum but still under an expansion.

Although the Chinese economy have helped the manufacturing sector through bigger budgets placed on public infrastructure projects, exports also supported the growth of the sector which inched higher by 0.1% back in November from October’s decline of 7.3%.

The improving health of the country’s economy was also accounted for by the optimistic outlook for a huge chunk of the sub-indices of the manufacturing sector of China’s economy while a renewed demand was received by manufacturers from the country as early as last month.

The demand led to the growth of the country's economy to a 71-month high although it is also facing some risks brought about by Trump’s presidency which hopes to target the country’s trade industry through higher taxes and fees.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

NVIDIA Headed Up Despite Recent Drop Due To Negative Tweet

Nvidia shares are still set to continue on an upward trend as it is posed for bigger projects next year one of which is its partnership with Nintendo with the impending release of the Nintendo Switch.

Following a successful quarter as American tech company, Nvidia reported twice the number compared to their expected earnings, the shares of the company have now dropped to as much as 7% on a negative tweet from Citron Research.

On Citron Research’s tweet regarding the company’s growth and 2017 outlook, Nvidia shares are still up by 231 percent this year and is still on top of the S&P 500 best performers for the year.

Nvidia Corp shares have recently declined on the weak 2017 outlook by 7% on Wednesday’s trading despite rising up by 3.6% during early trading.

Despite that, the shares of the company have grown by a three-fold throughout the year as it delivered successfully in the gaming and graphics sector with some of their revenue being accounted for by their work in the artificial intelligence sector.

Although the tweet from the research group have affected the shares of the company. Nvidia still holds a considerably huge net income to more than $500 million with their current EPS ranging at around 80 cents compared to last year’s 44 cents.

Citron Research stated that although they have been a fan of the company’s stocks, they are forecasting a rebound for the company by next year.

Citron Research also emphasized that the company is showing a slow growth outlook or a lack of evidence that the company is showing a steady growth given the amount of competition between data-center companies.

According to Andrew Left from Citron Research, other risks aside from growing competition are facing the company as it has been shifting its focus from gaming to data centers. Other markets and investors also believe that the main revenue driver for the company is from the gaming sector.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Oil Prices Unchanged, Stable Ahead US Oil Data

The benchmark gasoline contract, Nymex reformulated gasoline blendstock upsurged to 0.5% to $1.68 a gallon. ICE gas oil reformed at $503.50 a metric ton, up by $3.00 from the preceding session.

Thursday, Oil prices changed less than expected in advance of weekly data on U.S. oil inventories - an expected commodity to down surge.

On London’s ICE Futures exchange, the international oil scale, Brent Crude emerged to 0.1% to $57.04 per barrel. West Texas Intermediate Futures was situated on a trading zone where shares fell down to 0.3% at $53.91 a barrel on the New York Mercantile Exchange.

Tim Evans quoted in sources that “Both the unexpected build in crude stocks for last week and the reported decline in distillate and gasoline inventories for last week appear to be tied to an unexpected, counter-seasonal 604,000 barrels a day drop in refinery crude runs.”

Throughout the years, the interest group increased its manufacturers in a proposition to shelter their marketplace dividends and pick over some of their less-viable U.S. adversaries. The thriving of U.S. eccentric oil generation has been a foremost menace to the OPEC - provider of the international oil source.

Analysts reported that the expectations of oil declining in crude supplies to 1.4 million barrel are anticipated. Fathomed by S&P Global, the commodity is foretold to be a lure down of 1.5 million barrels.

Previously, OPEC settled to amend their makings to starting values, instigating the commodity to march overhead of the amount of $50 per barrel as the strategy was uninhibited. For the meantime, production in the U.S. subsided by fewer than projected.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Crude Oil Prices Posts Steady Outlook for 2017

From the record of a three-month low at yesterday’s close, the price of crude oil has now recovered a bit steadying the price direction of the commodity although this might not lead the price to recover fully as the price recently touched $45.95 last week from a decline of more than a week before declining to as low as $43 again. 

The recent jump in the price of crude oil was recently led by reports that the forecasted production numbers for the next month would fall to as low as April’s reported 4.5 million barrels per day decrease in production.

Crude oil prices are now recovering to as much as $44 from a recent downward trend due to the growing investor unease on the OPEC oil production cap. 

 The lack of development on the production cut then led the price to decline despite the nearing formal OPEC meeting at the end of November in Vienna.

The West Texas Intermediate (WTI) meanwhile declined by 0.2% settling at $43.32 per barrel dropping the lowest at $42.20.

 The Brent crude futures are down by 0.72% closing at $44.43 per barrel from its lowest drop of $43.57. According to OPEC,

The conclusion of the U.S. Presidential Election resulting in a victory for Republican Donald Trump despite not having placed a huge impact on the prices of oil did not drive crude oil to peak either leaving the direction of oil prices in the hands of the OPEC production cut.

Despite the falling prices, a number of experts and finance researchers are still positive on oil’s recovery to $60-$70 considering OPEC experts and member countries are still yet to meet formally over the output freeze at the end of the month which will sharply lead the oil prices to suddenly peak.

Aside from the lack of market confidence in the OPEC’s capability to implement an oil production freeze among its member countries, Saudi Arabia, Iran, and Iraq have stated their own conditions regarding the production cap while Iran and Iraq have stated that they would increase their production instead of placing a limit leading the oil prices to drop lower in the weeks following the Algiers meeting. 

Currently, the said countries have not yet made any clear efforts to how they will cooperate with the possible output freeze. Despite this, countries such as Qatar, Algeria, and Venezuela has strongly pushed and supported the production freeze outlook.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Deutsche Bank Faces More Allegations

In the middle of its ongoing issue with the U.S Justice department, the bank is now facing another allegation as a former employee of the bank is being accused by the Russian central bank of trades worth $4.87 billion or 300 billion rubles being done with the ex employee's relatives.

This comes as another dent in the face of Deutsche Bank as they are struggling to already fix its current reputation in Europe and in countries such as Russia.

One of the actions recently taken by the bank was when Deutsche Bank announced that they would settle their penalty from the U.S. Department of Justice. The penalty comes from allegations that the bank have reportedly sold bond-packaged select mortgages back in 2005 until 2007. About $14 billion from the justice department was fined then to the German bank in settlement of the claims which lead to a shaken investor confidence on the bank.

Reports also stated that there’s a positive chance that the penalty will be paid before the end of the year or before Christmas. The markets and investors from all over the globe have taken a closer eye on the German bank for the past couple of months to whether Deutsche Bank is making a progress on the $14 billion fine.

Deutsche Bank has reportedly closed down several of their banking and investment operations in another trading scandal the last year.

Almost $10 billion worth of trades which reportedly happened last 2011 up to 2015 is now being investigated by authorities from both the United States and United Kingdom. This issue also poses a threat to the bank’s recovery but despite that, the shares of the company have recovered to as much as 19.01 compared to the past two month’s decline to as low as 11.13.

The bank also posted better than expected third-quarter earnings report which is a major driver in their recovery from a 7.5% decline to an initial 4% surge on the release of their positive Q3 report.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

OPEC Leads Oil Prices Further Up

A couple of analysts have already debated the strong outlook that will lead oil prices to surge further by as early as January next year. The probability of the prices reaching to a close of $60 are also strongly supported now by analysts and some investors staking a stronger claim at the $70 level.

The formal meeting last November 30 in Vienna between OPEC member countries concluded with a deal to cut back oil production to stabilize oil prices.

The West Texas Intermediate(WTI) have since then climbed into an upward trend from a $45 to as much as $52.12 up by 22 more cents or 0.4% strengthening the prices claim to recovery to up to $60. This has been the target price of most OPEC experts and members.

Brent Crude Futures meanwhile have gained to as much $54.92 despite losing 0.5% or 29 cents. 

Last week, oil prices have hit a 17-month high since the on the announcement of the OPEC agreement to cut oil production by as much 1.8 million along with non-OPEC countries starting next year.

Although a $60 price recovery is seen as a big success for the organization, some are still hoping for the prices to peak to as much as $100 which has not been seen on crude oil futures since last 2014.

Oil prices are also steady amidst the holiday season as markets awaited more updates or figures from the shale fields U.S. production if they would be sufficient enough to balance the organization’s plan to reduce production by next year.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

WFC Removes Mortgages Programs

American bank Wells Fargo & Co has now had now announced that they would not be offering broker bonuses and other programs and products.

One of the products which would not be offered any longer by the program includes mortgages. The bank recently suffered a huge setback after the bank’s actions regarding their target sales quotas imposed on their employees resulted into a $185 million fine.

Although it has announced that it would be taking full responsibility of the said fine, Wells Fargo is now facing another set of claims and accusations this time in connection to clients being signed into Prudential Financial Inc.

The Securities and Exchange Commission have also placed the banking giant recently under questioning to whether how Wells Fargo’s portfolio has been placed undervaluing and accounting before the bank supplied more the agency more information leading it to end its interrogation.

 Back in October, the bank has defended itself stating that the portfolio was affected by their own loan modification actions. Aside from those efforts, certain economic events or changes also impacted Wells Fargo’s loan change efforts.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Tesla Partners With US Energy Department

Shares of American automobile company have recently surged by 2.49% on news that the company is to work with a government agency is the improvement of a microgrid in one island in North Carolina.

The decision is a cooperative venture between North Carolina Electric Membership Corporation who also happens to own three of the island’s megawatt diesel generators while the Tideland Electric Membership Corporation is the one who supplies the electricity used by the island.

Tideland Electric Membership Corporation company spokesperson Heidi Jernigan Smith stated that the effort between the two companies gives Tideland a learning laboratory in which they are exploring the different potentials for the microgrid which is said to be the first in North Carolina. A couple of Tesla Powerpack grid storage have been reported to have been installed last month. Ten 4,000-lb powerpack batteries are to be incorporated into North Carolina Electric Membership Corporation’s plant generator.

According to Smith, Tesla batteries can help the problem of the batteries being charged during high demand seasons. She also added that they are still learning about all the recent technologies that are bound to benefit them with information in the future. Up to 23% out of every homeowner’s monthly utility bill is expected to be cut off through the smart technology that is to be offered by the microgrid where more than a hundred homes have installed Ecobee thermostats from Tideland.

Tideland CEO Paul Spruill stated that the company is pleased to be the host for the microgrid project which is set to give their employees a chance to acquire more knowledge on the evolving industry which can help prevent future incidences such as limited power resources being managed in an independent system.

The news of the microgrid system which can result in more sources of renewable energy, shares of the automobile company surged by 2.49%. Tesla shares have been given a $338 price target from Robert W. Baird. Tesla shares are currently trading at around $202.49 level.

The Tesla batteries which will be installed into the island’s generator will lead to the island having the first microgrid laboratory in the state. Tesla was also involved in another electric project this year where a one-year solar energy microgrid project on the Samoa island of Ta’u where almost 100% of their residents’ electrical needs are to be covered.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!

[options12-news-blog]

Russian Company Sells Glencore Oil Stakes

Rosneft has recently announced that it would be selling shares worth $11.3 billion or 10.5 billion euros or 19.5% of its stakes to Glencore, a multinational commodity trading and mining company based in Switzerland alongside the sovereign wealth fund of Qatar.

A summary of the meeting which was released on the Kremlin's website showed that Russian President Vladimir Putin is eager for the deal to be finished fast as Rosneft Chief Executive Igor Sechin stated that the money to be used in the transaction would be received by the company in the next couple of days.

The deal comes at a crucial time for Russia as the country has been facing an economic decline due to the plunge in oil prices and Western sanctions. The country has dealt with the blow softening its impact through selling some of Russia's stakes in their most valued businesses.

Rosneft currently produces 4.7 million barrels of energy and oil per day. The company is also known to be the world's largest publicly traded oil company.

This cleared the notion that no investors would dare to buy shares in the assets of the country due to the Western sanctions against the country. The impending end of the year also surprised some analysts and experts as they have expected that no investor would venture into buying shares from Russian assets.

There was also a lack of potential buyers and investors for the shares of the oil company which is the largest traded asset in the earlier parts of the deal which was largely caused by the sanction from the United States two years ago to Russian companies including Rosneft.

The sanction putting a limit to the use of American technology in drilling offshore and shale oil deposits was brought about then by Russia's interference with the eastern Ukraine war.

According to a statement from Glencore, the deal is currently in the final stage of negotiations. Glencore also stated that on top of the original purchase deal, another 300 million euros or $323 million would be contributed by the company with the rest of the payment coming from Qatar.

Tired of traditional trading? Why not try binary? Here at Options12, we provide the most innovative online platform for trading using binary options with smart services. Options12 reviews market news regularly, so be sure to visit our blog!

Success is in your hands with Options12. Join us today!