Crude-oil prices slumped Tuesday, as an earlier advance evaporated.
Oil had recovered slightly following a drop to near seven-year lows, but analysts have said worries of a persistent global glut will keep prices under pressure.
Crude futures for delivery in January
traded at $36.94 a barrel, down 71 cents, or 1.9%. January Continue reading
Wall Street appeared set for another weak trading day on Tuesday, with stock futures extending losses after oil futures turned sharply lower and headed toward fresh multiyear lows.
Weak Chinese trade data also weighed on the trading mood as they reignited fears about global growth.
Extending earlier losses, futures for the Dow Jones Industrial Average
YMZ5, -1.08% Continue reading
Ever wanted to buy a home with 11 fireplaces, 12 bathrooms and two "staff wings”? The price tag, which started out at $135 million, is now $100 million. This property is on 25 acres in one of the most prestigious areas in Dallas, Preston Hollow. Preston Hollow is home to such billionaires as Kelcy Warren, Ross Perot, Mark Cuban and a handful of other notables.
The estate is on such a large piece of land that the entire subdivision is named after the owner, Thomas Hicks. Upon purchasing this home, you would become neighbors with Thomas Hicks’s longtime friend, George W. Bush. A sports tycoon, Hicks has been an owner of the soccer club Liverpool F.C., the Texas Rangers baseball Continue reading
CHAPEL HILL, N.C. (MarketWatch) — There’s a 66.1% chance that the U.S. stock market will rise in 2016.
If you’re like most investors, you’re encouraged by those odds. After all, the current bull market can’t last forever, and, depending on how you count it, it’s already one of the longest in U.S. stock market history.
In fact, the odds of the stock market rising next year would be the same even if we currently were in a bear market. That’s because the market’s odds of rising in a given year have nothing to do with how it does in prior years. Historically, those odds have been very close to two out of three.
Investors who find this result hard to fathom are guilty Continue reading
As crude-oil futures are descending toward seven-year lows, U.S. shale-oil producers are getting walloped.
West Texas Intermediate crude-oil futures for January delivery
dropped 5.4% to below $38 a barrel Monday and were looking at their worst levels since 2009, after the Organization of the Petroleum Exporting Countries decided last Continue reading
Citadel is taking no chances that the SEC will get its message about IEX Group’s application to become a national securities exchange. The privately-owned, Chicago-based high-speed-trading firm, institutional asset manager and market maker sent its third missive to the SEC on Monday, and it’s not the only interested firm signalling serious concerns via a flurry of activity that threatens to continue until IEX submits the revised application they all say is necessary
Citadel has apparently not met with or spoken on the phone with Securities and Exchange Commission Chairwoman Mary Jo White or the other commissioners or staff, according to notices posted so far by the SEC, relying Continue reading
It is always darkest before the dawn.
In other words, the energy market could see crude-oil prices tumble further in the coming days after closing near seven-year lows on Monday, when January West Texas Intermediate crude
tumbled $2.32, or 5.8%, to settle at $37.65 a barrel.
At least one chart pattern followed by technical Continue reading