Market

Plunging oil prices show OPEC has lost its grip on the market

OPEC is widely expected to extend production cuts that initially boosted oil futures above $50, but prices just keep falling. That raises concerns that oil prices could struggle to return to their 2017 highs in the mid and upper $50s even if the Organization of the Petroleum Exporting Countries carries over the output reductions through the second half 2017 when ... Read More »

Spring housing: ‘Strongest seller’s market ever’

A real estate agent shows a home to a prospective buyer in Miami. Spring homebuyers are pounding the pavement at a furious pace, but the pickings are getting ever slimmer. Even as more homes come on the market for this traditionally popular sales season, they’re flying off fast, with bidding wars par for the course. Home prices have now surpassed ... Read More »

Stocks close lower as Wall Street braces for French election, but post weekly gains

U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform. The Dow Jones industrial average fell about 30 points with IBM contributing the most losses. The index briefly turned positive in afternoon trade after President Donald Trump told ... Read More »

Investors are right to be concerned about the market, expert says

With the recent action in the stock and bond markets, investors are right to be a little bit concerned right now, Burns McKinney told CNBC on Friday. “Stocks are a little bit expensive across every factor, whether it’s price to sales, price to earnings … [or] market cap relative to the economy,” the chief investment officer for Allianz NFJ Investment ... Read More »

Ways to make money in a rising market

It would be an understatement if we say that there is a left out feeling in the market. With BSE Sensex touching the 30,000 mark for the second time in two years many investors have been caught sitting on the sidelines. Having reduced their position ahead of the five state elections, retail investors were waiting for an opportunity to re-enter. ... Read More »

Why the market for fossil fuels is all burnt out

‘I usually put a £5 bet on the oil price – and I’m collecting,” smiles Prof Dieter Helm. It’s not difficult to imagine his tally of modest wagers adding up. The highly regarded Oxford University economics professor is a long-time industry observer. Today, he is in central London after taking meetings with major oil executives. He is also a familiar ... Read More »

Steel stimulus drive China’s strongest economic growth since 2015

China’s economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Growth of 6.9 percent was the fastest in six quarters, with forecast-beating March investment, retail sales and exports all suggesting the economy may carry solid momentum into spring. But ... Read More »

Automation won’t destroy every marketing job

Robots: Love them or hate them, there’s no denying employees in certain industries are going to lose jobs to them. Many manufacturing jobs have been replaced by automation and offshoring, with 13 to 25 percent of specific machine-working jobs estimated to be lost over the next decade. A 2013 study found up to 47 percent of American workers have jobs ... Read More »

Global political jitters are creeping up in the markets

Jung Yeon-Je | AFP | Getty Images People watch a television news showing file footage of a North Korean missile launch, at a railway station in Seoul on April 5, 2017. Investors are hunkering down in bonds, fearful that events such as North Korea tensions, the French election and strained Russian-American relations could turn out badly. Treasurys and gold rose ... Read More »

There’s no reason for the market to fall apart, expert says

Even if President Donald Trump doesn’t get his agenda enacted, the market can still rise — but what investors should focus on will probably shift, expert David Waddell told CNBC on Monday. “There isn’t any reason for this market to tip into recession, so there’s no reason for it to fall apart,” the CEO of Waddell & Associates said in ... Read More »