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Oil

Why Oil Is Down Today

Why oil is down today: Crude oil prices continue to plummet today (Wednesday) as West Texas Intermediate dropped to $86.83 per barrel for November delivery on the New York Mercantile Exchange. That was WTI's lowest price since April 17, 2013.

Brent crude was trading at $91.51 per barrel just after 1:00 pm.

Here’s why crude oil prices have continued to drop dramatically over the past three months…

Wall Street

The Real Reason Price Fixing Is Coming to an End

"Price fixing" or "fix" are Wall Street terms used to describe how benchmarks are priced on hundreds of instruments, from the Libor and other foreign currency exchange rates to gold, silver, and swaps.

While the methodologies used to determine fixes are different, in all cases where benchmarks are fixed by panels, the input of the bankers is what results in the output.

But here’s where things get a little… funny.

Corporate taxes

Global Crackdown on Corporate Taxes Will Hurt U.S. Stocks

As governments get more aggressive about curbing sweetheart deals that allow many U.S. companies to drastically lower their corporate taxes, it will take a big bite out of their profits – and that's bad news for stocks.

The European Commission is currently investigating the corporate tax avoidance strategies of Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), and Starbucks Corp. (Nasdaq: SBUX). But those three companies are only the trickle before the flood.

Make no mistake: this train is headed straight for Wall Street…

Tech Investing

How to Invest in Wearable Tech with Just One Power Play

Wearable tech is expected to grow 78.4% through the end of 2018. If we want to get on the road to wealth that tech provides, then this is a sector we must cash in on.

But I don't want us to get hurt by messing with risky stocks.

That's why today I'm going to show you how to invest in wearable tech - the entire sector - with a single investment that offers both safety and big profits...

The Fed

FOMC Meeting Minutes Release Today Will Be the Last of the QE3 Era

Ever since former U.S. Federal Reserve Chairman Ben Bernanke announced the tapering of the Fed's current bond-buying program in December, the release of the Federal Open Market Committee (FOMC) meeting minutes have been unsurprising and awash in technical central-banker jargon.

It's followed the same pattern each time: the Fed will have its meetings, release a statement, and then three weeks later they will release the minutes of that meeting as per Fed protocol.

But, here’s why these minutes are important, if for no other reason than the timing of them…

Stock Market Today

Dow Jones Today Will Wrestle with Slow Global Growth and FOMC Minutes

Dow Jones today, October 8, 2014: The Dow Jones Industrial Average slumped heavily Tuesday after renewed concerns about global growth reemerged and investors took money off the table ahead of earnings season. The sharp selloff was led by cyclical stocks, which are typically tied to the pace of economic growth.

Here’s what else you should know to make your Wednesday profitable…

Global economy

The European Crisis Is Going Global – and We're Along for the Ride

After printing $4 trillion since 2008, we've little to show for it.

Endless debates about the effectiveness of QE, or its lack thereof, haven't spawned better decisions, especially in Europe. Think periphery nations like Greece, Spain, Portugal, and Italy.

Better yet, take a look at the stock market, where worries about Europe's economy rattled investors. It's certainly not a pretty picture….

Recently one European national leader offered a somewhat unique response for dealing with the financial crisis and debt bubble.

It appears an unorthodox, yet sound, approach on the surface. But when you scratch beneath, it turns out just the opposite is true.

Developed economies would do well to consider the true state of this country's example of a "model" recovery before an even more catastrophic, debt-ridden future arrives, and erupts… Full Story

Hot Stocks

Forget Cars; Tesla (Nasdaq: TSLA) Wants to Power Your Entire City

The small lithium-ion batteries that Tesla Motors Inc. (Nasdaq: TSLA) uses to power its luxury $70,000 (base price) electric cars look very similar to the AA batteries you put in your television remote. They're about 2.5 inches long and the Tesla Model S sedan uses thousands of them to travel for 265 miles on a single charge.

But the applications for these tiny batteries are much bigger than just electric cars...