On Thursday, Shares of Exxon Mobil Corporation (NYSE:XOM), lost -2.18% to $74.57, hitting its lowest level, as Crude oil prices are ongoing their yearlong plunge amid the global oil supply glut and some analysts think the commodity’s decline will only get worse before it gets better, according to Fortune.
The price of U.S. oil has fell to nearly $40 per barrel this week — its lowest point in six years and nearly a 60% decline from last summer’s highs — and The Wall Street Journal reports that analysts at Citigroup think there is “a 90% likelihood” that the price will drop closer to $30 a barrel very soon.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.
Shares of Nokia Corporation (NYSE:NOK), declined -3.56% to $6.23, during its last trading session, hitting its lowest level.
WANdisco (WAND.L) a leading provider of continuous-availability software for global enterprises to meet the challenges of Big Data, declared mobile broadband specialist, and Nokia Corporation (NOK) partner, Nokia Networks, has expanded use of WANdisco’s big data technology to deliver continuous availability with performance and scalability for its Subscriber Data Administration (SDM) solution built on Hadoop to manage and streamline telecommunications.
Nokia Networks first selected WANdisco’s big data technology in 2013 for consolidating subscriber data formerly stored in a number of different databases, each supporting their own applications and data models with little consistency between them. Before Nokia Networks moved to Hadoop, even basic operations like activating a new mobile customer’s account involved a number of steps across several different applications with little or no sharing of data across these applications. If any of these steps failed, it often meant the entire activation process had to be restarted. Now with Nokia Networks SDM built on Hadoop, mobile carriers who use the solution only interact with one real-time application to perform new customer activation.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
Finally, Hecla Mining Co. (NYSE:HL), ended its last trade with 2.71% gain, and closed at $2.27, as gold prices rallied.
Prices of the precious metal were rising as a result of dovish Federal Reserve minutes and declines in the U.S. stock market, according to Market Watch. Minutes from the Federal Open Market Committee’s July meeting shows that some officials believe inflation is still too low to justify an interest rate enhance, according to the news service.
Hecla Mining Company, together with its auxiliaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide. The company offers unrefined gold and silver bullion bars to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters and brokers.
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