U.S. Retailers Open on Thanksgiving: Desperate, or Smart?
Best Buy Co. Inc. (NYSE: BBY) and Toys "R" Us Inc. are the two latest retailers to announce that they will open their doors on Thanksgiving. Other retailers like Target Corp. (NYSE: TGT) have expanded their "Black Friday" hours this year.
But does this tactic smack of desperation?
Ten Numbers Shaking the World Right Now
Here are this week's need-to-know facts about the stock market, economy, Wall Street, and life-changing global events...
It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.
Here's a look at some of the fascinating, infuriating, amusing, depressing, and altogether important numbers that the world has put up on the board recently - and why you need to know them.
How Syria Affects Oil Prices Today
As U.S. military personnel prepare for possible action against Syria, Brent oil prices are hovering near an 18-month high.
On Thursday, Brent oil prices retreated slightly, but remained elevated, after starting the day above $116 a barrel. Prices for West Texas Intermediate (WTI) also retreated by a little more than 1%, closing the day at $108.80.
Brent prices have climbed steadily following escalations across Egypt and the ousting of President Mohamed Morsi.
Meanwhile, in the United States, improved infrastructure and greater network access have fueled WTI prices to near par with Brent this month.
But Brent prices have spiked this week following news that the West may intervene in Syria, where a chemical attack was allegedly launched against civilians.
Despite warnings from Russia and China, it remains unclear whether the United States will intervene. However, any action is likely to set off a chain reaction across the Middle East and could affect trade within the region, especially on oil shipments.
Here are the details on how Syria affects oil prices, what that means for you - and how to profit.
Jim Rogers on Why Oil and Gold Are Headed "Much Higher"
Legendary commodity investor Jim Rogers sees some serious problems stemming from the situation in Syria and the end of the Fed's generous flow of money.
In an interview with Reuters on Tuesday, Rogers said "oil and gold will go much, much higher" due to a "market panic."
"I own oil, I own gold, I own things like that and if there is going to be a war, and it sounds like America is desperate to have a war, they're going to go much, much higher," Rogers said. "Stocks are going to go down, some of the markets that I'm sure are already going down, commodities are going to go up. I'm not particularly keen on war, I assure you, but it sounds like they want it."
Rogers continued, "No matter how well the plans are made, strange things happen in war and who knows what unintended consequence will come."
Equities have been hit hard over worries of a war with Syria. The rout started late Monday following comments from U.S. Secretary of State John Kerry that the United States has a moral obligation to act on Syria's chemical weapon attacks. Selling picked up steam Tuesday with the Dow plunging 170 points.
Here’s Why China's Fat Finger Trade Matters
China's fat finger trade this week seemed like a simple explanation for a huge market jump - but the truth about this is far more troubling... Read more...