Crude oil prices tanked more than 3% today (Tuesday) with West Texas Intermediate (WTI) crude dropping to $90.85 shortly before 3:00 p.m. on news that OPEC's oil supply has reached its highest level in nearly two years.
Currently, WTI is trading just above its 52-week low of $87.85 that it set in January. According to MarketWatch, oil ended the quarter down 13%, which was its worst quarterly performance since 2012.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Hot money is flowing into the U.S., sending the dollar on a tear.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Ebay Inc.’s (Nasdaq: EBAY) plans to spin off its PayPal unit has left many on Wall Street salivating over the potential of the stand-alone payments business.
And some pundits are speculating that Google Inc. (Nasdaq: GOOG) or Alibaba Group Holding Ltd. (NYSE: BABA) might buy PayPal.
But they should be asking this question: Will Alibaba buy eBay?
Here’s why a deal would make sense for both companies…
Here’s why a deal makes sense for both companies…
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
The DJIA fell 28 points Tuesday as both domestic and global data stamped out gains fueled by merger activity and news of an impending spin-off of eBay's (Nasdaq: EBAY) PayPal division.
U.S. consumer confidence slipped in September for the first time in five months, while annual home prices growth crawled in July to its slowest pace in two years, according to the Case-Shiller home price index.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Investing in biotech stocks is risky for those who haven't done enough research. But with just a couple of tips, investors can drastically reduce the risk – and go on to benefit from massive windfalls generated by a company's breakthrough drug development.
To find out the best way to minimize risk in biotech investing, we turned to Money Morning's BioScience Investment Specialist Ernie Tremblay.
According to Tremblay, there are a couple of types of biotech stocks that are especially risky…
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Best stocks to buy for the week ending Sept. 26, 2014:Last week for Money Morning Members, we highlighted 9 stocks that bring readers the "best of the best" to boost their portfolios in the fall months.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Bill Smith, a Delaware fuel trader, calls it "the most stupid law ever on the books" – yet for a number of shipping stocks, it means essentially built-in share-price gains.
It's called the Jones Act and it's nothing less than a sweetheart deal for the handful of U.S. energy companies whose profits are practically "guaranteed" by law.
It’s also one of the best “hidden” investment opportunities you’ll ever come across…
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
The mantra of "buy low, sell high" works for going long – but investors can make money from both sides of the trade if they understand these tips for short selling.
Even in today's five-year bull market you can be rewarded handsomely through short selling. You can do this with currencies, exchange-traded funds, equities, and just about any asset.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
The global commercial space industry is already worth $300 billion a year, and attracts the best and brightest innovators, and the most forward-looking companies.
Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
Stock market news today, Sept. 30, 2014: U.S. stock market futures were on the rise this morning, ahead of data updates on consumer confidence and home prices, and a speech by Federal Reserve Gov. Jerome Powell.
On Monday, U.S. markets slipped again as investors renewed concerns about civil unrest in Hong Kong, where the Chinese government fired tear gas at pro-democracy protesters in one of the largest political crackdowns in China since the Tiananmen Square protests 25 years ago.
Here’s what else you should know to make your Tuesday profitable:
Start the conversation