Oil pressures spreading, Dallas Fed finds
A survey from the Dallas Federal Reserve finds pressure from energy sector weakness may be spilling over into other parts of the economy. “Demand for oilfield services remained depressed as Continue Reading
Stocks Resume Slide on Oil Concerns
Global stocks resumed the steep declines that have characterized much of the year on Thursday, as fears around commodity prices and the outlook for global growth continued to weigh on Continue Reading
Grim year forecast for developing nations
Developing economies last year recorded their slowest growth since the immediate aftermath of the 2008 financial crisis and are facing the prospect of an equally grim 2016, the World Bank Continue Reading
Global Stocks Tumble on China Volatility
Steep falls in Chinese equities pummeled global markets on Thursday, as widening concerns over the world’s No. 2 economy pushed investors out of shares, oil and metals. The selloff came Continue Reading
U.S. manufacturing slowdown stokes fears about oil demand
Growing signs of weakness in the U.S. economy are helping keep oil prices under pressure even as tensions escalate across North Africa and the Middle East. U.S. manufacturers reported business Continue Reading
U.S. auto sales in 2015 set record after strong December
Automakers on Tuesday set a new U.S. sales record for 2015 even as December sales fell short of expectations, and most forecasters said the new year will be even better. Continue Reading
US manufacturers see weakest demand in 6 years
US manufacturers last month recorded their largest contraction in demand in more than six years as the strong dollar and low oil prices continued to drag on the economy. The Continue Reading
Global growth will be disappointing in 2016 says IMF’s Lagarde
Global economic growth will be “disappointing” next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Continue Reading
Commodity Funds Hemorrhage Cash as Investors Bail at Record Pace
Investors can’t seem to get away from non-energy commodities fast enough. A record $857 million was pulled this year from U.S. exchange-traded funds backed by broad baskets of everything from Continue Reading
Delayed Ignition From Cheap Fuel for U.S. Economy
When it comes to falling oil prices and the U.S. economy, maybe the second time’s a charm. The sharp decline in crude prices in the latter half of 2014, and Continue Reading