US oil futures dropped 3.9% this morning following reports that President Donald Trump said he called the Organization of Petroleum Exporting Countries (OPEC) to bring down prices. US oil futureswere last at at $62.65 per barrel. Brent crude futures were down 3.3% at $71.90 per barrel. It h...
Tesla shares are up nearly 3% in premarket trading. The firm said in an analyst note that it expects a stable year for Tesla with “fewer investor concerns.” In addition, Tesla recently slashing the price of the Model 3 is “further proof” that the company is on track to making the...
Stocks may seem risky, but the alternative is putting your money in assets that will generate little, if any, return. “We have a lot of clients with cash. Many of them still have PTSD from the 2008 and 2009 crisis. But we’re trying to urge people to add more risk,” Geletka sa...
AMC theaters has enough money to survive until November From CNN Business' Jordan Valinsky AMC Entertainment (AMC) has enough money to sustain a shutdown until at least after Thanksgiving, according to a regulatory filing. Right now, the company said, it’s “generating effectively no revenue...
After the collapse of three regional banks earlier in the year, markets remain attuned to any signs that banks are less willing to lend money. While some of the big names — JPMorgan Chase, Citigroup, Wells Fargo and BlackRock — reported Friday, smaller regional banks are reporting next week...
Removing Russia from SWIFT would make it much harder for financial institutions to send money in or out of the country, delivering a sudden shock to Russian companies and their foreign customers — especially buyers of oil and gas exports denominated in US dollars. The United Stat...
Removing Russia from SWIFT would make it much harder for financial institutions to send money in or out of the country, delivering a sudden shock to Russian companies and their foreign customers — especially buyers of oil and gas exports denominated in US dollars. The United Sta...
The dollar’s strength is all the more remarkable when compared to bitcoin, the so-called future of money. Bitcoin prices are down more than 18% this year. Crypto fans have long argued that bitcoin and other digital currencies are better stores of value than the US dollar,...
California utility PG&E is in deep trouble, and the world’s biggest banks are loaning it money to keep the company afloat. JPMorgan, Bank of America, Barclays and Citigroup have committed to provide PG&E with $5.5 billion in credit and loans during its bankruptcy proceedings, according to ...
“People are going to assume when they deal with something that looks like a money market fund that it has the same regulation as a money market fund or a bank deposit.” Officials have become increasingly focused on tightening federal oversight of the volatile digital asset market, which ...