Housing prices have recovered from the prior downturn giving more homeowners a chance to take advantage of their equity. Furthermore, rates are at all-time lows, which makes it difficult for investors near or in retirement relying on fixed income investments. Rather than taking on higher amounts of risk...
When looking at the four big economic indicators used by NBER for timing recessions, it appears the economy may be nearing stall speed. Here is an update using the latest release of Industrial Production...
Tesla unveiled an all-wheel drive version of its Model-S on Thursday. The new car is an improvement over the two-wheel-drive version in almost every way, with increased efficiency, range, acceleration, top speed, and a slew of futuristic auto-pilot features.
Part of the impetus behind constructing new pipelines to carry bitumen from northern Alberta to the U.S. Gulf Coast, Kitimat on the Pacific, or even all the way across the country to Saint John, New Brunswick was to help close the substantial discount between Canadian oil and world prices.
On the earnings docket this morning, we got blowout numbers from Goldman Sachs (GS) and very strong results from UnitedHealth (UNH), while Baker Hughes (BHI) and Mattel (MAT) came up short.
Oil prices dropped steeply Oct. 14, with crude oil futures falling 4.6 percent to $81.84 per barrel — the biggest decrease in more than two years. Brent crude dropped by more than $4 a barrel at one stage in the day, dipping below $85 for the first time since 2010.
Gold prices spiked at the start of U.S. trading on Wednesday, leaping to 1-month highs as Wall Street's stock market dumped 1.7% at the opening after much weaker than expected U.S. retail sales and factory-gate price data.
The Commerce Department reported(.pdf) that retail sales unexpectedly fell last month, down 0.3 percent in September after an increase of 0.6 percent in August. The declines were broad-based and this is a possible indication of slowing growth in the U.S. economy.
There have been a lot of stories over the past few years about the implications of the U.S. shale boom. To review for those who might have been living in a cave for the past 5 years, the marriage of horizontal drilling and hydraulic fracturing (fracking) has...
For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent started moving below $100 and now stands at $90 a barrel, and the spread over U.S. domestic crude has narrowed.