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Oil prices will likely continue a downward plunge in early 2016, before eventually picking up steam and increasing as the year moves forward. Over the last 18 months oil has dipped by 68% due to a massive supply glut. Oil on Friday fell to a seven-year low of $34.50. The collapse in oil pricing has […]
Star Wars: The Force Awakens took its long-awaited box office bow last night, and the early indications are that fans are piling into theaters in droves to see the latest adventures of a galaxy far, far away. But not everybody at Disney might be celebrating. Shares of the company’s stock are trading down 4% on […]
It’s not uncommon for Berkshire Hathaway to acquire large stakes in companies, however, the company’s founder, Warren Buffett, rarely spends his own money on stocks. That’s what made his purchase of 2 million shares in Seritage Growth Properties this week so special. His 2 million shares are worth 8% of the company and Buffett is […]
Gold on Friday hit as low as $1,051.60, the cheapest price in nearly 6 years. The last time gold prices hit this low was February 2010 when it fell below $1,045 an ounce. It was the sixth straight week that gold has lost value as investors continue to avid the commodity, despite worried about the […]
Oil is currently trading around $42 per barrel and that’s bad news for producers in some parts of the world. In the United Kingdom it costs $52.50 to produce a barrel of oil and in Brazil the cost is $49 per barrel. In Canada oil producers are barely breaking even at $41 per barrel. As […]
Federal Reserve Chair Janet Yellen squared off against U.S. consumer advocate Ralph Nader on Monday. Yellen told Nader we need to take a cautious approach to the pace at which interest rises. In an open letter to Nader, the Fed chair repeated recent statements that the central bank should only gradually raise interest rates. “An overly […]
Venezuelan Oil Minister Eulogio Del Pino fears crude oil prices will slip below $20 per barrel if OPEC doesn’t take immediate action to stabilize the oil market. Officials in Venezuela are urging the Organization of Petroleum Exporting Countries to adopt an “equilibrium price” that covers the cost of new investment in production capacity. Saudi Arabia and […]
Yale professor and Nobeld Prize in Economics winner Robert Schiller is pretty sure the turmoil in the U.S. stock market has not yet reached its peak. The stock market hiccups over the last few weeks have already increased the fear index as many Americans worry about the stability of their jobs. The Yale University Economics […]
