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Oil

Why the Crude Oil Price Today Is Down 2.1%

The crude oil price today (Friday) dropped below $60 in morning trading. The tumble erased most of Thursday’s gains and put oil prices on track for a weekly loss.

But today’s movement is just short-term volatility.

Here’s the biggest reason why prices will be in the $70 range by year’s end…

Oil

How Much Oil Does the U.S. Have Compared to Other Countries?

If one number summarizes the global oil market, it’s 93,002,710.

That’s how much oil was produced around the world every day in 2014. But how much oil does the U.S. have compared to the world’s top producers?

This chart shows how much the top 15 oil-producing countries generated in 2014…

Big Banks

America Has Become a "Banana Republic Run by Wall Street Criminals"

Wall Street criminals just won't stop misbehaving.
The latest crime was exposed Wednesday. Five of the biggest names in global finance agreed to pay billions to settle lawsuits alleging they illegally gamed the $5 trillion-a-day foreign exchange market.
"America has become a banana republic run by Wall Street criminals," Money Morning Capital Wave Strategist Shah Gilani said on Wednesday.

Of course, history dictates the fines will have no actual effect on business practices. Not including this week’s, just look at the litany of settlements too-big-to-fail banks have shelled out in the last five years alone…

Best Investments

2015 Top Stock Picks Riding Oil Rebound: ALJ, SLCA, VLO, WMB, HAL

Among our 2015 top stock picks are a number of energy stocks reaping the rewards of a rebound in both crude oil prices.

A number of energy stocks are getting a nice boost from the surge in oil prices, which is up 34% since hitting bottom in March.

Here’s a look at our best energy stock picks for 2015…

Bitcoin

The Perianne Boring Interview III: Bitcoin's Hidden Washington Allies

In Parts I and II of the Money Morning exclusive interview with Chamber of Digital Commerce President Perianne Boring, she talked about how her work in Washington and the importance of having more women in Bitcoin.

At 27, Boring has become one of the pre-eminent voices in the world of Bitcoin.

In Part III of our interview, we discuss the many regulatory challenges Bitcoin faces - and the many hidden allies the digital currency has on Capitol Hill.

Stocks to Buy

Facebook Stock Price Today Has More than Doubled – With Room to Run

On Monday, Facebook Inc. (Nasdaq: FB) celebrated its three-year anniversary as a publicly traded company. A celebration was indeed in order.

The Facebook stock price today is trading around $80. That's a 110% climb from FB's $38 IPO price.

And just look at how much higher it has to go...

Stocks

One Investment Could Save Two Generations' Retirements

The goal of a comfortable retirement is getting more challenging by the day.

That's overwhelmingly thanks to the Fed's Zero Interest Rate Policy (ZIRP).

A recent poll reveals Generation Xers, the next wave of retirees to follow the Baby Boomers, expect to be a whole lot more self-sufficient.

With Social Security considered bankrupt by many accounts, it's little wonder.

That leaves investors increasingly reliant on themselves to build their own retirement nest eggs to generate income.

And this investment does the job - and more...

tech stocks

Cash In on Amazon Inc. (Nasdaq: AMZN) Stock’s Amazing Cloud Success for 1/14 the Cost

AMZN stock has surged 71% since Jan. 2, 2015. And first-quarter sales were a whopping $1.56 billion.

We always recommend that you focus on growth, but in this case, we believe there is more stable way and affordable to play the cloud.

Here’s a way to cash in on AMZN at 1/14th the cost…

Solar Power Stocks

Is SolarCity (SCTY) Stock a Buy Now?

With many analysts bullish on SCTY stock right now, should investors buy it?

The short answer: Probably not. But you can't blame investors for being tempted by SolarCity Corp. (Nasdaq: SCTY) shares. Solar power is an industry growing at a very fast pace.

And while SolarCity is taking advantage of that growth, there's a darker side to this story.

Before you buy SCTY stock, you need to read this…

Trend Watch

[CHART] U.S. Corporations That Pay No Taxes

Every working American is required to pay income taxes, but American companies get away with paying zero

This year, the IRS collected roughly $1.4 trillion from U.S. taxpayers on April 15. Even individuals exempt from the federal income tax are subject to payroll taxes – and even the 14% exempt from both still must pay a sales tax.

But there are a record 54 U.S. corporations that pay no taxes or are at least partially exempt. That’s more than twice the amount five years ago. Most of them actually got tax refunds.

Let's take a look at exactly which companies wriggled their way out of paying income taxes in 2014...

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