The energy meltdown has taken bank stocks hostage. Investors should cut them free. Fear that oil’s crash will spawn losses that blow holes in big-bank balance sheets are somewhat understandable. Continue Reading
Wall Street analysts have slashed expectations for US earnings in the first quarter as companies grapple with plummeting oil prices and slow economic growth. The growing pessimism comes amid a Continue Reading
Prices for mansions in Houston’s swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in Continue Reading
Sovereign wealth funds may withdraw $404.3 billion from global stock markets this year if crude prices stay between $30 to $40 per barrel as oil-rich nations seek to shore up Continue Reading
Despite upbeat U.S. and European labor reports, lingering concerns over U.S. economic momentum throttled crude oil prices in early Thursday trading. Data from the U.S. Labor Department showed seasonally adjusted Continue Reading
Many observers, from the International Monetary Fund to Virgin’s Richard Branson, say the stock market is overreacting to the oil-price shock. (Crude closed at $26.21 on Wednesday.) The basic argument Continue Reading
The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that Continue Reading
You cannot understand the vulnerable state of the U.S. and global economies — and nervous stock markets — without coming to grips with the crash of “emerging-market” countries. Led by Continue Reading
A Texas energy regulator struck a note similar to the struggling industry, saying the state’s oil sector is positioned for a rebound once markets improve. Texas Railroad Commissioner Christi Craddick, Continue Reading
The extra yield investors are demanding to hold U.S. high-yield energy company debt has soared to the highest level in more than four years as Goldman Sachs Group Inc. said Continue Reading
