Oil prices fell on Monday on fading concerns of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia, but global benchmark Brent posted its biggest quarterly loss this year on demand fears due to the escalating U.S.-China trade war.
The stock market has been on a historic run for the last decade. Real estate is worth more now than ever before. Even mutual funds have seen higher returns. But there’s one type of investment that’s getting a lot more attention and one group largely responsible for driving its popularity: Millennials and cryptocurrency.
The return of the S&P 500 over the last five years is about 50%. That’s a fantastic return on investment. But it pales in comparison to Bitcoin’s return. In the last five years, Bitcoin has returned over 2,500%. On top of mind-boggling returns, Bitcoin is a new investment …read more […]
Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept. 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, said on Monday.
U.S. stocks rose on Monday, helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war.
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.
Oil fell nearly 2% on Monday as China’s economic outlook remained weak amid an ongoing trade war with the United States and market fears of supply shortfalls and conflicts in the Middle East after the Sept. 14 attack on Saudi Arabia faded.
A rise in U.S. technology stocks and better-than-expected economic data in China pushed global equity markets higher Monday, despite reports that Washington was considering escalating its trade war with China by delisting Chinese companies from U.S. exchanges.
It has been a pivotal few months for financial markets. China and Europe have halted the global stocks rally, oil has cooled dramatically and rising recession worries have sent gold and government bonds charging again.
U.S. stocks were higher on Monday after the technology sector surged on the back of gains in Apple shares, helping Wall Street’s major indexes recoup most of their losses from the previous session.
It was a landmark week for U.S. cannabis!
Back in March, the Secure and Fair Enforcement (SAFE) Banking Act made history by passing the House Financial Services Committee. It was the first cannabis reform legislation to ever do so!
And, as I wrote last week, House Majority Leader Steny Hoyer (D-Md.) told legislators to prepare for a floor vote on the cannabis banking reform bill. That made it the first piece of marijuana reform legislation to earn that distinction.
More importantly, though, the SAFE Banking Act got the two-thirds majority it needed to pass in the House!
There were 321 “ayes” to a mere …read more […]
Forever 21 Inc on Sunday became the latest U.S. retailer to file for bankruptcy, succumbing to the twin challenges of changing consumer tastes and a relentless shift to online shopping.
Saudi Aramco has restored full oil capacity to the level before the Sept. 14 attacks on its oil facilities, the chief executive officer of its trading arm Ibrahim Al-Buainain said on Monday.
Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers.
Gains in technology stocks led by Apple lifted Wall Street’s main indexes on Monday, as investors looked past last week’s reports that Washington was considering delisting Chinese companies from U.S. stock exchanges.
WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup removed founder Adam Neumann as its chief executive officer.
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