Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. Brent crude (LCOc1) was up 32 cents at $58.25 a barrel by 1339 GMT, while U.S. crude (CLc1) was up 57 cents at $52.48. The U.S. Energy Information Administration
Wells Fargo, the third-biggest U.S. bank by assets, said Tuesday that its first-quarter earnings fell slightly from the same period a year earlier. Gains from trading and mortgage originations were offset …
Many bears believe the consumer discretionary sector is most likely to lead the market lower. Here’s why they couldn’t be more wrong!
German automaker BMW says it had its best March sales ever. The Munich-based maker of the 3-Series sedan and X5 sport-utility said Tuesday it sold 195,593 vehicles worldwide under the BMW brand. That was …
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The latest Republican presidential candidate could raise some serious cash.
Apple’s website lists shipping times in June for some models, and four to six weeks for others, suggesting the company is straining to meet demand. Munster, who thinks Apple will sell 2.3 million watches in the April-June quarter, expects the company to ramp up production between mid-May and June. For comparison, about 720,000 Android-powered smartwatches offered by companies including Samsung Electronics Co Ltd and Sony Corp were shipped in all
Fears of lower-than-expected corporate earnings at a time when liquidity-driven equity market valuations are the highest in a decade are raising questions about the wisdom of the Fed’s near-zero interest rate policies.
There’s pent-up demand for the U.S. currency that will underpin years of appreciation because the world is “structurally short” the dollar, according to investor and former International Monetary Fund economist Stephen Jen.
The market may look weak, but technical analysis from Strategas suggests the appearance is deceiving.