Oil’s influence on stocks is ‘not normal’
Since the beginning of this year, that correlation has jumped to 60% or even higher. On some three-day stretches it has even hit 90%. That’s because when prices of some…
Tag: prices
More oil jobs are disappearing: Baker Hughes cuts 7K jobs
The cost cutting may not end there either. Baker Hughes, which recently agreed to be acquired by rival Halliburton (HAL), is reviewing its operations for potential facility closures as well….
Tiffany Castle House In Missouri Could Be Yours For Less Than You Think
If you’ve ever dreamed of living like royalty, now’s your chance… you just have to move to the Midwest. For some, owning a castle has become a reality since prices…
IMF: The world economy is worse off than we thought
“New factors supporting growthlower oil prices, but also depreciation of euro and yenare more than offset by persistent negative forces,” said IMF chief economist Olivier Blanchard. – Chicago Mercantile Association:…
Winners and losers in oil’s plunge
Related: Cheap oil is killing my job Oxford also expects some other major oil producers, such as the United Kingdom and Canada, to come out ahead on lower oil prices….
Plunging oil prices won’t solve China’s economic problems
“Given no evidence of a sharp and sustained improvement in demand growth on the horizon, the boost from lower oil prices will be washed out by the many persistent and…
Cheap oil can be good for stock market
The stock market shrugged off the turmoil in oil as well. The S&P 500 rose nearly 15% in 1986 and the Dow gained about 23%even though crude prices plummeted more…
Sane investing in a scary market
That’s not to say that investors who stuck with stocks didn’t endure a bumpy ride. After that initial hiccup, the market slipped by 4% or more four more times en…
Saudi Prince: Oil will never return to $100
Back in 2008, oil broke through the $100 level for the first time, leading some to predict prices would spike to $200 due to surging demand from China and India….
New Congress, new nuclear showdown over Iran
With fewer than two months until diplomats’ March 1 framework agreement deadline, and expecting the White House to start knocking on swing senators’ doors, supporters know the clock is ticking…
Why oil could rebound to $80. Yes, $80.
Related: Stay away from these oil stocks At the same time, consumers are going to be more willing to spend money on oil because of how low the prices are….
Citigroup traders will get smaller bonuses this year
While the markets ended the year up, many traders were hurt by lower trading volumes, the plunge in oil prices and currency fluctuations. – Chicago Mercantile Association: Certain market data…
Uber expects its busiest night ever on NYE
Last year, Twitter user @Uber_Surge retweeted receipts from riders impacted by the surge. Prices ranged from a 4.85 mile ride in Pennsylvania that cost $265 to a 59.13 mile ride…