With baby boomers retiring in rapid succession, millennials now make up the largest percentage of the workforce. And while many are gainfully employed and are on top of their bills, the majority of younger workers are making a mistake that could damage their finances irreparably: not having emergency savings. A frightening 52%, in fact, say they don’t have an emergency fund, according to new....More>>>
Shares of California Resources Corp (NYSE:CRC)are skyrocketing today, up 23% as of 10:58 a.m. EDT, after the company reported surprisingly strong first-quarter results.
California Resources reported $8 million, or $0.18 per share, in adjusted net income during the first quarter, which came as quite a surprise considering that the analysts’ consensus....More>>>
1. Stocks slide: Investors are coming back from the long weekend and they’re ready to sell.
U.S. stock futures are pointing down and European markets are all declining in early trading, with some off by more than 1%.
Oil is also moving to center stage: OPEC countries are racing to negotiate key details of a planned production cut ahead of their meeting on Wednesday.
The broader indices are tradingon a positive notethis Thursday afternoon with the Niftyup 46 points at 10,659 and the Sensex tradinghigher by 155 points at 35,061.
Nifty IToutperforms led by Tech Mahindra which jumped over 2 percent followed by Infosys, KPIT Tech and Infibeam.
Bank Nifty was trading inthe green as stocks like HDFC Bank jumped3 percent followed byIndusInd Bank.
NEW YORK Thanksgiving has traditionally boiled down to three Fs: food, football and family. Many Americans can now add a fourth F to the mix, the frenzy that comes with holiday shopping.
Were not just talking Black Friday. More and more folks are shopping in person on Thanksgiving Day, with major retailers such as Best Buy, Macys, Sears, Target and Toys RUs, all opening their doors even....More>>>
Venezuela is experiencing hard times; who would doubt that? There are an infinite number of articles about how bad it is in Venezuela, starving people, no basic medical essentials, people coming to Colombia to buy food, etc. I don’t see a need to repeat it all here. What stands out in this flow of news is a situation around oil: Venezuela can hardly maintain its oil production at current level.....More>>>
OPEC members are discussing a compromise agreement that would see an oil production increase of between 300,000 and 600,000 barrels a day over the next few months, according to people briefed on the talks.
While Iran said on Sunday it’s opposed to any increase to current quotas, officials from a number of other countries are optimistic that an agreement can be won for a relatively....More>>>
U.S. equities could hardly be bothered by Friday’s surprisingly strong jobs report, featuring a decline in the unemployment rate to a new post-recession low of 4.6%. Payrolls expanded by 178,000, above the consensus and the 142,000 created in October.
Yet the major averages were little changed in quiet trading as investors brace for the upcoming Federal Reserve policy decision on Dec.....More>>>
Eagle Asset Management Inc. raised its holdings in RSP Permian (NYSE:RSPP) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,869,239 shares of the oil and natural gas company’s stock after buying an additional 334,565 shares during the quarter. RSP Permian makes up approximately 1.2% of Eagle Asset Management....More>>>
Money managers who are reducing their bullish bets on oil are following a “dangerous” strategy, according to Goldman Sachs Group Inc.
Demand will remain strong and concerns over economic growth will probably prove temporary, analysts including Jeffrey Currie wrote in a May 16 note. Additionally, U.S. shale or OPEC are unlikely to be able to solve problems from potential supply....More>>>