With an oversupply of oil on the market and OPEC afraid that higher prices will impair the U.S. recovery and sap demand, the fundamentals point to an oil price drop in the near term. Yes, markets move on emotion, and fears abo…
In Asia Thursday the Shanghai Composite Index climbed 1.5% to 2,749 and the Hang Seng Index fell 0.3% to 23,780. In Japan the Nikkei 225 Index advanced 0.7% to end the day at 10,479.
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The bank now say positive trends in consumer spending, employment and the stock market will likely boost U.S. economic growth higher than the 3% most analysts had previously predicted. Deutsche’s chief equity strategist is pred…
McDonald’s will increase prices on some items in the U.S. this year in response to rising commodity prices that are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings confer…
Marathon Oil, the fifth-largest oil refiner in the U.S., is spinning off its refining business into a new company called Marathon Petroleum. Marathon Oil, meanwhile, will reduce its debt as a result of the move and will focus o…