Citi Ups 2017 Oil Forecast To $65

With WTI crude oil prices knocking on the door of $50/bbl for the first time since October of 2015, Citi analyst Seth Kleinman has become more bullish on the outlook for oil. According to Kleinman, a combination of crude oil inventory drawdowns, supply outages and worker strikes have quickened the pace of the oil market…

Alibaba Stock Plummets On SEC Investigation Fears

Alibaba Group Holding Ltd BABA 3.65% shares were down 4.3 percent in early trading on Wednesday following the disclosure of an ongoing SEC investigation into the company’s accounting practices. According to Alibaba’s new annual report, the SEC initiated an inquiry back in January 2015, and the company has been cooperating with the investigation by providing…

Michael Batnick: Was That Just A Bear Market?

One of the hottest debates on Wall Street since the S&P 500 started out 2016 with a historic sell-off is whether or not we are on the cusp of a bear market. According to Ritholtz Wealth Management’s Michael Batnick, the bear market may have already come and gone.

Why Yum! Should Stick To The ‘Original Plan’ In China

KKR & Co. and Chinese sovereign wealth fund China Investment Corp (CIC) have reportedly dropped their bid for a majority stake in Yum! Brands, Inc. YUM 0.18%’s China business. Reuters reported that Yum was not prepared to turn over a majority stake in its Chinese business at the price that the bidding consortium was offering.