After a Super Tuesday that left Bernie Sanders “disappointed”, the Vermont Senaotr is focusing on Social Security as older states get set to vote soon in places like Michigan and Florida. …read more […]
One Seattle-area bank says the Fed’s abrupt move to lower interest rates by half a percentage point may instead lend “credence to the kind of panic” reminiscent of 2008. …read more […]
Divide up the factors that impact markets and you’ll generally find three distinct categories: the long-term secular trends, the shorter cyclical trends, and the unexpected black swan events. Sometimes, it’s clear what is going on; after a steep drop in the last week of February, markets are bouncing up and down in response to the coronavirus epidemic – a classic black swan event. And last week, the Bureau of Labor Statistics monthly jobs report showed that the US economy and labor market are still going strong, continuing a decade-long expansion that some see as a secular trend.Investment bank J.P. Morgan …read more […]
News about the further spread of the coronavirus points to the possibility of another volatile week, especially as policymakers scramble to catch up with the economic and social damage being inflicted by the virus. …read more […]
Without electricity or running water, this Victorian village of tiny homes sits just outside of Ithaca, N.Y. …read more […]
IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a company spokeswoman said.
Asian oil traders are bracing for another round of hefty price falls on Monday in key benchmarks Brent and Dubai after the world’s top exporter Saudi Arabia slashed prices, reigniting a market share battle among key producers. The world’s top producers including Saudi Arabia, Russia and other Middle East producers were last locked in a market share war between 2014 and 2016 as they tried to squeeze out shale production from the United States by reducing prices and offering more supplies to Asia. The battle ended when the Organization of the Petroleum Exporting Countries (OPEC) and Russia struck …read more […]
IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a company spokeswoman said.
The market is currently in serious correction mode, with all major indexes posting heavy losses over the past month. The sensational run up of the last decade has been brought to a shuddering halt by the coronavirus outbreak. Market watchers had been expecting a correction to come at some point, although no one could have predicted what the catalyst would be or the brutal force of its impact.In response, the global economy is likely to slow down. According to Bank of America, GDP worldwide is expected to slow down to 2.8% this year, which the bank says will be the …read more […]
Successful investing is all about returns—the higher your return on investment (ROI), the better the investment was! Different investment options have different rates of return and varying risk associated with them. Often, the two correlate. Historically, the stock market has shown itself to be the perfect balance of risk versus reward. It begs the question: what’s the average stock market return and is the ROI worth it?
The stock market historically returns an average 7-8%*
You’re probably looking at the asterisk in the above headline with suspicion. Don’t worry, 7-8% is the real value of average stock market returns. The reason it’s …read more […]
Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply cut agreement with Russia, two sources told Reuters on Sunday. State oil giant Aramco will boost its crude output after the current deal to curb production between OPEC and Russia – together known as OPEC+ – expires at the end of March, the sources with knowledge of the matter said. …read more […]
(Bloomberg) — Saudi Aramco shares dropped below their IPO level for the first time after oil collapsed and the energy giant kicked off a price war.The slump dealt at least a temporary blow to the showpiece of the Saudi oil-industry three months after it completed a record share sale.The stock fell as much as 6.4% in Riyadh on Sunday to trade at 30.90 riyals, below the 32 riyals they sold for in December’s record $29 billion initial public offering. It trimmed the decline to 6.2% as of 11:23 a.m. local time, while the the benchmark Tadawul All Share Index lost …read more […]
Shares of Saudi state oil company Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.
Shares of Saudi Aramco fell below their initial public offering (IPO) price on Sunday for the first time since they began trading in December after the OPEC oil supply cut pact with Russia fell apart on Friday.
(Bloomberg Opinion) — Friday’s gathering of oil ministers from the Organization of the Petroleum Exporting Countries and their international allies broke up in disarray. The collapse of talks reveals deep divisions over how to deal with the slump in oil demand triggered by the spread of the Covid-19 virus.Saudi Arabia demanded that Russia share in a proposed reduction of a further 1.5 million barrels a day, insisting that OPEC wouldn’t reduce supply without the support of non-members. Russia demurred. Maybe Vladimir Putin just didn’t like being told what to do by a 34-year-old prince who’s run his country for about …read more […]
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