Last week’s OPEC production cut deal came as quite a surprise to the oil market, sending oil and energy stock prices soaring. While the modest cut in itself won’t do much to reduce the global supply of oil in the near-term, Reuters analyst John Kemp believes the deal is a sign Saudi Arabia is giving up…
It may be too soon to call it a streak, but Macau gaming revenue growth came in positive for the second straight month in September.
Last year, TD Ameritrade named the most popular stocks among four different generations of investors. Millennials were the only generation to have Tesla Motors Inc (NASDAQ:TSLA) among their 10 most widely held stocks.
The S&P 500 has been in one of the strongest bull markets in history since 2009. Yet surprisingly, in the past decade, the SPDR Gold Trust (ETF) (NYSEARCA:GLD) has actually outperformed the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by more than 15 percentage points (even including the SPY’s dividends). The GLD is up nearly 120% since…
Wells Fargo & Co (NYSE:WFC) has been hit hard by the fallout from the company’s fraudulent accounting scandal. Warren Buffett first took a stake in WFC stock way back in the 1990s. Today, his firm Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B) owns a staggering 479.7 million shares of Wells Fargo, worth around $22 billion.
Alibaba Group Holding Ltd (NYSE:BABA) shares have been on quite a run so far in 2016. In fact, this month shares surged above $100 for the first time in over a year.
WTI crude oil prices have surged more than 7 percent in the past two days following surprise news of an OPEC production cut deal. On Wednesday, OPEC agreed to cut global crude oil production from 33.4 million barrels per day to an anticipated range of 32.5–33 million barrels per day.
Following the first presidential debate on Monday, the presidential raceis closer than ever. The latest LA Times/USC Tracking numbers out on Friday have Republican Donald Trump in the lead by 5 percent. A New Rasmussen Reports poll on Thursday has Democrat Hillary Clinton in the lead by 1 point.
Las Vegas is not just a popular vacation destination these days. According to UBS analyst Susan Maklari, the Vegas housing market is heating up.
Shares of National Beverage Corp. FIZZ 0.11% stabilized on Thursday following an 18.8 percent decline in a matter of days, including an 8.2 percent drop on heavy volume on Wednesday. National Beverage produces discount sodas Faygo and Shasta, as well as energy drink Rip It and LaCroix sparkling water. Wednesday’s large drop came in response…