OPEC is broken. Oil prices fell below $40 a barrel on Friday after a 7-hour OPEC meeting in Vienna highlighted the deep divide within the cartel.
American CEOs are feeling glum. More and more of them believe 2016 will be another ho-hum year for the U.S. economy, according to recent surveys by the Business Roundtable and PwC.
December is chock full with big financial news that is bound to move the markets. They range from momentous rate decisions at the U.S. Federal Reserve and the European Central Bank to an OPEC meeting fraught with disgruntled members.
Here’s what people aren’t buying right now: Gold. The yellow metal traded as low as $1,051.60 an ounce on Friday, the cheapest price in nearly 6 years.
Worried about climate change? Now there’s an easy investment for that. The first fossil fuel free stock ETF launched Thursday. The fund’s rigorous screening process excludes not only oil, gas and coal companies, but also tobacco, weapons or gambling stocks.
Oil companies of all hues loaded up on massive amounts of debt to fund rigs and fancy new drilling equipment. The problem is the companies were banking on oil prices closer to $100 oil when they took on the debt. Now oil is around $45 and no one is expecting prices to hit $100 any […]
Here’s a dirty little secret: companies that are cleaning up their carbon act are also cleaning up in the stock market. There are lots of ideological reasons to invest in companies committed to being a part of the solution to climate change. But there’s also a greedy reason.
Egypt is running low on cash. And this time, oil-rich friends like Saudi Arabia may not be able to come to its rescue. Egypt’s lack of cash is threatening its ability to mount an economic comeback from the turmoil created by the 2011 Arab Spring. It’s the main reason why Egypt has gone from being […]
America’s manufacturing sector is losing its spark. Demand has cooled as the global economy slows down, especially in China. What happens in manufacturing is often seen as a leading indicator of U.S. recessions. It’s an alarming sign when it starts to look queasy.