The year in business: A review of 2015
2015 was a very bad year to be in the business of digging things out of the ground, thanks to a dramatic slowdown in growth in China. Commodity prices tumbled, Continue Reading
Oil Bankruptcies Reach Highest Quarterly Level Since Recession
Bankruptcies among oil and gas companies have reached quarterly levels last seen in the Great Recession, according to the Federal Reserve Bank of Dallas. At least nine U.S. oil and Continue Reading
US banks hit by cheap oil as Opec warns of long-term low
US banks face the prospect of tougher stress tests next year because of their exposure to oil in a sign of how the falling price of crude is transforming the Continue Reading
Tumbling oil erases decade of China-fuelled super cycle
Oil has shed two-thirds of its value since mid-2014 in a rout that essentially means gains from a decade-long commodity super-cycle have been wiped out — as if China’s unprecedented Continue Reading
U.S. third-quarter growth revised lower to 2.0 percent
The U.S. economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its Continue Reading
Gas Windfall Fails to Stoke Consumers
AAA says regular gas nationwide fell Sunday to $2 a gallon. American consumers are getting a windfall of billions of dollars a week thanks to low fuel prices. The U.S. Continue Reading
Who’s right, commodities or the Fed?
As the U.S. Federal Reserve Bank raised interest rates last week for the first time in 10 years in response to what it said was strength in the U.S. economy, Continue Reading
Junk-Bond Rout Deepens, Sending Shockwaves Through Stocks and Other Markets
U.S. junk bonds posted their steepest decline since 2011, intensifying fears that a six-year bull market in stocks and other risky assets is nearing an end. The largest high-yield exchange-traded Continue Reading
Rate rise belies frailties in US economy
Expectations are carved in stone that the US Federal Reserve will shift borrowing costs higher next week with the central bank’s policy shift seen in some quarters as justifying optimism Continue Reading
Solid U.S. employment report a green light for Dec rate hike
U.S. job growth increased solidly in November in a show of the economy’s resilience, which most likely paves the way for the Federal Reserve to raise interest rates this month Continue Reading