Dow gave back 12. decliners over advancers 4-3 & NAZ retreated 10. The MLP index lost 1+ to the 285s & the REIT index remained fractionally higher in the 352s. Junk bond funds rose & Treasuries were up slightly. Oil went up a fraction in the 49s (more below) & gold jumped up 12 to 1287.
Dow Jones Industrials
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif?0.15405068627491025)
General Motors (GM) is buying a small company that is developing Laser light sensors for autonomous cars, a move the automaker says will speed deployment of self-driving technology. GM bought Strobe Inc, of Pasadena, California, for a small but undisclosed sum. Strobe will work with GM's Cruise Automation team in San Francisco to develop the next generation of laser sensors called Lidar. Cruise Automation is testing autonomous electric Chevrolet Bolt cars on the streets of San Francisco with human backup drivers. The company says Strobe technology will reduce the cost of the vehicles while speeding up large-scale deployment. But GM didn't say when the technology would ready to carry passengers. Lidar sensors supplement radar & cameras, & are needed for autonomous cars to function in conditions with poor visibility. The stock rose 41¢.
club.ino.com/trend/analysis/stock/GM?a_aid=CD3289&a_bid=6ae5b6f7
General Electric (GE), a Dow stock, new CEO is making it clear who is in charge now. CEO John Flannery approved a new activist shareholder to the boa rd just days after a chief financial officer shakeup. He named Ed Garden, a founding partner of activist investing firm Trian Fund Management, to GE's board of directors. The move continues a series of steps Flannery has taken in a shakeup of top executives. Just 3 days prior to the board seat approval, Flannery welcomed Jamie Miller to the CFO position from his previous place at the head of the company's transportation division. Beth Comstock & John Rice, both vice chairs of GE, were also reported to be leaving their positions. Flannery is on a path to turn around this year's biggest loser in the Dow thru these shakeups & is hoping to make big changes to the company's diverse portfolio, & is open to a div cut. Toward that goal, the company recently offloaded the industrials unit for $2.6 B. GE stock has fallen 25.47% this year. The stock dropped 1.00. If you would like to learn more about GE,click on this link:
club.ino.com/trend/analysis/stock/GE?a_aid=CD3289&a_bid=6ae5b6f7
Oil prices inched higher after one of the most bearish weeks in months, propped up by OPEC comments signaling the possibility of continued action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico also started returning to service after Hurricane Nate forced the shutdown of more than 90% of crude output in the area. The prospective restarts kept price gains in check. Nate has become a post-tropical cyclone that continues to pack heavy rain & gusty winds, the National Hurricane Center (NHC) said. About 85% of Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate, the Dept of the Interior's Bureau of Safety & Environmental Enforcement (BSEE) said.
Oil prices climb after OPEC signals possible deal extension
Stocks just hovered, awaiting earnings season to begin. Volume was very light today. Tomorrow should bring more excitement when the full force of traders are back.
Dow Jones Industrials
Dow Jones Industrials
General Motors (GM) is buying a small company that is developing Laser light sensors for autonomous cars, a move the automaker says will speed deployment of self-driving technology. GM bought Strobe Inc, of Pasadena, California, for a small but undisclosed sum. Strobe will work with GM's Cruise Automation team in San Francisco to develop the next generation of laser sensors called Lidar. Cruise Automation is testing autonomous electric Chevrolet Bolt cars on the streets of San Francisco with human backup drivers. The company says Strobe technology will reduce the cost of the vehicles while speeding up large-scale deployment. But GM didn't say when the technology would ready to carry passengers. Lidar sensors supplement radar & cameras, & are needed for autonomous cars to function in conditions with poor visibility. The stock rose 41¢.
club.ino.com/trend/analysis/stock/GM?a_aid=CD3289&a_bid=6ae5b6f7
GM buys laser firm in bid to speed autonomous car research
General Electric (GE), a Dow stock, new CEO is making it clear who is in charge now. CEO John Flannery approved a new activist shareholder to the boa rd just days after a chief financial officer shakeup. He named Ed Garden, a founding partner of activist investing firm Trian Fund Management, to GE's board of directors. The move continues a series of steps Flannery has taken in a shakeup of top executives. Just 3 days prior to the board seat approval, Flannery welcomed Jamie Miller to the CFO position from his previous place at the head of the company's transportation division. Beth Comstock & John Rice, both vice chairs of GE, were also reported to be leaving their positions. Flannery is on a path to turn around this year's biggest loser in the Dow thru these shakeups & is hoping to make big changes to the company's diverse portfolio, & is open to a div cut. Toward that goal, the company recently offloaded the industrials unit for $2.6 B. GE stock has fallen 25.47% this year. The stock dropped 1.00. If you would like to learn more about GE,click on this link:
club.ino.com/trend/analysis/stock/GE?a_aid=CD3289&a_bid=6ae5b6f7
GE is sliding after an activist investor lands a board seat
Oil prices inched higher after one of the most bearish weeks in months, propped up by OPEC comments signaling the possibility of continued action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico also started returning to service after Hurricane Nate forced the shutdown of more than 90% of crude output in the area. The prospective restarts kept price gains in check. Nate has become a post-tropical cyclone that continues to pack heavy rain & gusty winds, the National Hurricane Center (NHC) said. About 85% of Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate, the Dept of the Interior's Bureau of Safety & Environmental Enforcement (BSEE) said.
Oil prices climb after OPEC signals possible deal extension
Stocks just hovered, awaiting earnings season to begin. Volume was very light today. Tomorrow should bring more excitement when the full force of traders are back.
Dow Jones Industrials
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