OPEC says the world will want more of its oil next year
OPEC on Monday predicted higher demand for its crude oil next year, sticking to its view that a strategy of letting prices fall will tame the U.S. shale boom and cut a global surplus.
MONEY (MSM)
With stocks flat for a year, is it still a bull market?
For all the noise and drama of a roiling world economy and high-stakes policy decisions, big U.S. stocks have gone almost exactly nowhere since mid-September 2014.
Sales of new Apple iPhones on pace to beat last year's record
Apple said sales of its new iPhones were on pace to beat the 10 million unit sales it logged during the first weekend of sales last year.
Wild trading exposed flaws in ETFs
The extreme stock-market gyrations in August exposed cracks that many critics had warned about in the booming business of exchange-traded funds—cracks that fund managers such as BlackRock Inc. are now acknowledging as they work to figure out what went wrong.
GOP tax plans benefit rich despite populist campaign talk
Jeb Bush went to Detroit and talked about leveling the playing field. Marco Rubio wrote a book about helping the working class. Rand Paul is promising to expand the Republican Party beyond its traditional …
OPEC cuts oil production forecast for US
OPEC has cut its oil production forecasts for states like the U.S. that are not members of the cartel. The group said Monday it had lowered its forecast for daily oil supply growth this year from non-member …
Fischer's 2014 why-wait wisdom points to Fed liftoff this week
Stanley Fischer offered a word to the wise in 2014 that resonates today as he and other Federal Reserve officials face their toughest decision in years — the benefits of waiting can be overrated. Slowing economic growth abroad and volatile stock prices at home are prompting some U.S. central bankers to rethink whether now is the best time for the first interest-rate increase since 2006. One option, says former Fed
Weak China data dims Asia stocks, Europe rises; Fed eyed
Asian stocks were mixed and Europe rose Monday after China reported weak factory output while investors looked ahead to this week’s U.S. Federal Reserve decision on interest rates. KEEPING SCORE: In early …
Google hires Truecar's Krafcik to head its driverless car unit
With the hiring of Krafcik, currently the president of automotive pricing terminal Truecar Inc (TRUE.O) and a former CEO of Hyundai Motors America, Google is starting to look at the project as a potential and relevant business in the near future. Chris Urmson, who has been head of the self-driving car program since 2009, will continue overseeing the project as its technical lead, the company said in an emailed statement.
China issues blueprint for state industry overhaul
China’s Communist Party has issued a long-awaited blueprint for overhauling bloated state industries that would retain the party’s dominance in the economy. The plan comes at a time when the government …