Oil prices fell on Friday, with U.S. crude dropping more than 4%, on fresh trade tensions and record high U.S. crude production, but they still ended the month higher as OPEC watchers expect an extension next week to a pact to throttle oil output beyond March.
With stocks breaking out to new highs, many investors are wondering whether this rally can last through the end of the year. TG Watkins, the Director of Stocks at Simpler Trading, thinks small caps are even breaking out which is a clear sign that this rally has legs.
Even more, one particular sector he likes is cannabis, which might be getting ready to finally reverse course as The MORE Act removes the marijuana plant from the federal Controlled Substances Act. …read more […]
Recession fears seem to be fading, with the economy looking resilient in 2020 as Trump vies for reelection. …read more […]
Oil prices slumped and a gauge of global equity markets on Friday edged away from an all-time high it nearly breached earlier in the week as doubts simmered over the outlook for signing an initial deal to ease U.S.-China trade tensions.
The British cave explorer who sued Tesla Inc’s Elon Musk for branding him “pedo guy” in a tweet has narrowed his defamation case against the electric car maker’s chief executive, and is no longer seeking damages for an emailed suggestion he might be a child rapist.
The British cave explorer who sued Tesla Inc’s Elon Musk for branding him “pedo guy” in a tweet has narrowed his defamation case against the electric car maker’s chief executive, and is no longer seeking damages for an emailed suggestion he might be a child rapist. Vernon Unsworth, who has denied the allegations, chose to pursue liability and damages claims at a scheduled Dec. 3 negligence trial only for Musk’s tweets allegedly calling him a pedophile, U.S. District Judge Stephen Wilson said in a Wednesday order. The judge also decided not to split up the trial to assess …read more […]
Every year it seems like Black Friday shopping starts earlier and earlier and Yahoo Finance’s Brian Sozzi was out in the stores all day on Thanksgiving to see if people were shopping and where. …read more […]
Wall Street’s major indexes ended Friday’s shortened session lower as U.S.-China discord over Hong Kong fueled investor anxiety about their trade talks and retail stocks dipped as in-store Black Friday sales appeared to draw smaller crowds.
Oil prices fell significantly today as rumors that Saudi Arabia is unwilling to deepen the OPEC+ production cuts put markets on edge ahead of the upcoming cartel meeting …read more […]
The frenzy associated with Black Friday shopping was missing this year as U.S. retailers offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picked up after a sluggish morning.
Shoppers headed out to stores across the United States in a quest to score the best Black Friday discounts on everything from handbags to 4K TVs, with early promotions marking the start of a condensed holiday shopping season.
Early data into the Yahoo Finance newsroom indicates Black Friday and holiday sales will break records. According to Adobe Analytics online retail sales on Thursday are expected to hit $4.4 billion. That would be up 18.9% year-over-year. But those profits won’t necessarily help those troubled retailers who are expected to close brick and mortar stores. …read more […]
The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipment maker, two sources said. The U.S. Commerce Department in May placed Huawei Technologies on a trade blacklist, citing national security concerns. Putting Huawei on the entity list, as it is known, allowed the U.S. government to restrict sales of U.S.-made goods to the company, and some more limited items made abroad that contain U.S. technology. …read more […]
Cisco sees a way for blockchain to help secure messages transmitted through telecommunications networks, according to a patent. …read more […]
California utility PG&E Corp has determined there were no lives or structures lost in 2019 wildfires that may have been caused by its distribution lines, according to a Friday court filing.
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