Oil Reverses Gains, Traders Balance Middle East, Oversupply
Global oil prices were in retreat, reversing gains of more than 4% amid rising Middle-East tensions.
Global oil prices were in retreat, reversing gains of more than 4% amid rising Middle-East tensions.
Over 30,000 cows killed in Texas and New Mexico after winter storm.
Saudi Arabia's breach of ties with Iran will extend to cutting air traffic between the countries, ending commercial relations and barring its citizens from travel to the Islamic Republic, Saudi Foreign Minister Adel al-Jubeir told Reuters on Monday.
U.S. factory activity contracted for the second straight month in December, highlighting the global forces weighing on American manufacturers.
This 2016 forecast is based on two key themes which include the imagined control of central bank policymakers and the ease with which we fool ourselves.
Investors hoping to turn the page of 2015 Monday got a rude awakening as China growth worries resurfaced, and U.S. equity markets extended a global rout, tumbling more than 2%.
Tesla Motors, the pioneering electric car maker, said on Sunday it delivered 17,400 vehicles during the fourth quarter of 2015, in line with its forecasts.
Sales of cars and light trucks in the U.S. are likely to have hit a record in 2015, and economic signs point to 2016 being the domestic auto industry's healthiest in decades, thanks to an improving labor market and low interest rates greasing demand.
"Star Wars: The Force Awakens" is set to surpass "Avatar" this week as the highest-grossing movie of all time in U.S. and Canadian theaters. After a gross of $88.3 million in its third weekend, the domestic total for Walt Disney's "The Force Awakens" stands at $740.3 million.
Chinese stock markets tumbled 7 percent in their opening session of 2016 as weak factory activity surveys and falls in the yuan added to concerns about the struggling economy.
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