Sectors News Results

  • U.S. shale oil industry to see wave of investment -Total CEO

    The U.S. shale industry will see another wave of investment as producers are betting strongly against a fall in oil prices, the chief executive of Total said on Wednesday. Patrick Pouyanne, speaking at the Oil & Money conference in London, said he expected global oil demand to grow strongly again this year, by up to 1.6 million barrels per day.

  • BULLET: US DATA REACT: Amhersy Pierpont economist Stephen....

    US DATA REACT: Amhersy Pierpont economist Stephen Stanley said US housing starts "were weaker than expected in September, falling to 1.127 million units annualized, the lowest reading in a year. It is pretty clear that hurricanes played a significant role, but it is impossible to tease out exactly how much the storms depressed activity. We are just going to have to wait a few months and see how the numbers play out." - He adds, "What are the signs that the storms impacted the data? First and foremost, even apart from starts, the number of homes completed remained about 100K below the pre-August level, confirmation that many homes that were in the construction pipeline endured delays and/or extensive damage."

  • Housing starts tumble in September but key single-family homes are on the rise

    It's a familiar refrain: a slow grind higher for most housing. Builders broke ground on fewer homes in September, another step back in the on-again, off-again housing recovery. Housing starts ran at a 1.13 million seasonally adjusted annual rate, down 4.7% for the month, the Commerce Department said Wednesday.

  • U.S. housing starts hit one-year low in September

    * Housing starts fall 4.7 percent in September. * Single-family starts decline 4.6 percent. * Building permits drop 4.5 percent. By Lucia Mutikani. U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.

  • 2Checkout Reports New Global Digital Commerce Trends for 2017

    2Checkout, a leader in eCommerce, payments and subscription billing solutions, today released its H1 2017 benchmark report on Digital Commerce Trends in Software & Online Services Sales, showing that subscription-based software solutions, downloadable or as a service, maintain a strong upward trend.

  • AbacusNext Continues Leadership in Cyber Security as Newest Member of the Cloud Security Alliance

    AbacusNext®, the largest Technology-as-a-Service provider for the legal and accounting professions, today announced that they are joining the Cloud Security Alliance as a corporate member, reinforcing their mission to provide the most secure, fully managed private cloud available. “Cyber security is essential to everything we do at AbacusNext,” said Jerome Fodor, CTO of AbacusNext.

  • Harvest Food Solutions Announces HarvestDSD, Bringing Bullet-Proof Direct Store Delivery to the Perishable Food Industry

    10/18/17 -- Harvest Food Solutions, today announced the launch of HarvestDSD, a comprehensive Direct Store Delivery solution built on Movilizer by Honeywell, a powerful cloud-based mobility platform specifically designed to enhance labor-intensive field operations such as direct sales delivery.

  • U.S. Housing Starts Fell in September

    U.S. housing starts decreased last month for the fifth time in six months, a sign home builders are struggling to keep pace with solid buyer demand. Housing starts fell 4.7% in September from the prior month to a seasonally adjusted annual rate of 1.127 million, the Commerce Department said Wednesday. Residential building permits, which can signal how much construction is in the pipeline, fell 4.5% to an annual pace of 1.215 million last month.

  • BULLET: US DATA REACT: BMO analyst Ian Lyngen said US........

    US DATA REACT: BMO analyst Ian Lyngen said US housing starts "disappointed at 1127k Sept vs. 1183k Aug and 1175k consensus. The -4.7% drop brought the pace to its slowest since Sept 2016 and was driven by a -4.6% move in single family starts." - Lyngen adds "the fact that the move cannot be explained-away by the multi-family sector is an important aspect of this report, although multi-family did drop -5.1% in Sept for the third consecutive decline. Building permits also fell more-than-expected at -4.5% MoM and was accompanied by downward revisions to August."

  • U.S. housing starts fall to one-year low

    U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department said on Wednesday.

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