Author: super@dmin

OPEC and Russian crude production continued to climb in October, more than offsetting losses from Iran where U.S. sanctions have curbed output, the oil cartel said on Tuesday. Crude production from members of the Organization of the Petroleum Exporting Countries rose by 127,000 barrels a day in October, to average 32.9 million barrels a day,…

Both the bulls and the bears need to be on guard against drawing knee-jerk conclusions about the meaning of oil’s recent rout. The price of crude fell from more than $76 a barrel in early October to below $60 currently — a decline of more than 20%. On the one hand, there’s President Donald Trump…

Which of the following two advisers would you more likely follow? •        An adviser with a decent but unspectacular track record who merely matches the market’s return when it’s going up but loses less when it is declining? •        Another adviser at the top of the performance sweepstakes but who suffers big losses…

Another year, another internal debate: How much is too much, or too little, to spend on holiday gifts? On average Americans are expected to spend about $638 on presents this year. But considering that more than half of holiday shoppers say they go into debt to cover gifts—holiday borrowers last year owed an average of $1,054—we may not want to…

Asian stock markets plunged in early trading Tuesday following Monday’s rout, led by tech stocks, on Wall Street. Every sector in Japan’s stock market turned lower as the Nikkei NIK, -2.71%   dropped more than 3%. Investors were quick to react to the U.S. losses, especially among suppliers linked to Apple’s AAPL, -5.04%   iPhone.…

U.K. stocks on Monday kicked off the week on a downbeat note, as shares of British American Tobacco finished the day nearly 12% lower on reports of increased regulation by the FDA. How are markets performing? The U.K.’s FTSE 100 UKX, -0.74%  closed 0.7% lower at 7,053.08, after finishing last week with a moderate 0.2%…

European stocks ended sharply lower Monday as investors wrestled with the latest developments tied to Italy’s contentious budget plan and Britain’s negotiation’s to strike a trade pact, as that country’s leaders plot to leave the European Union. A tumble in shares of British American Tobacco PLC also weighed on European bourses. What are markets doing?…

If you want to buy a home in San Francisco, you better have $1 million to spend. At least. A whopping 81% of the homes in the metro San Francisco area cost $1 million or more, according to a new report from the housing website Trulia. That’s an increase of 13.7% since October 2017. Trulia…

Bloomberg News/Landov Rick Scott doesn’t want a recount. The state of Florida has begun another contentious recount in the races for the U.S. Senate and the governor’s mansion, echoing the 2000 recount of votes in that year’s presidential election, the halting of which put President George W. Bush in the White House. As market veterans…

Getty Images Goldman Sachs is set to move staff into its new London headquarters building, which it’s already dealt for £1.2 billion to a South Korean pension fund, in 2019. Goldman Sachs is involved in a scuffle with the developers of an office building next to its new headquarters in London, pushing back against parts…