Recent market sell-offs may have been more about paranoia than about real risk. JPMorgan calculations indicate that the potential impact of rising oil prices on the economy may be less than most investors think. But the fear fa…
Markets in Asia reacted to a surge in the price of oil, which crossed the $106 per barrel today. In Hong Kong the Hang Seng Index dipped 0.4% and in Japan the Nikkei 225 Index tumbled 1.8%. Meanwhile, China’s Shanghai Composit…
A gallon of regular gas climbed to $3.503 on Sunday — nearly 38 cents higher than a month ago and up 15 cents in a week, renewing talk of a double-dip recession.
Continue reading Gas Prices Surge Again, Renewi…
Last week, oil’s ascent trumped a raft of healthy U.S. economic reports. With a relatively light slate of economic data scheduled this week, oil prices and political turmoil in the Middle East could play an even larger role in …
And that means it may be time for owners of gas-thirsty SUVs and cars to start considering the switch so many Americans are loath to make: to a far more fuel-efficient vehicle. Looking out over the next several years, it’s hard…