Articles

Oil prices slump after report Saudi Arabia to scrap price target, boost output

Oil futures fell Thursday morning, feeling pressure after the Financial Times reported that Saudi Arabia was ready to abandon its $100-a-barrel price target as it prepares to increase production in a bid to take back market share.

Investors are finally experiencing the ‘everything’ bull market — and it may last, this strategist says

Jim Paulsen says a broad-based rally can now take place because the Fed cut interest rates.

Under-fire Commerzbank sets ambitious profit goal

Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving profits and shareholder returns.

Listed German private-equity firm tumbles after Gotham City short-sale report

Shares of Mutares, a German investor that seeks to turn around medium-sized companies, tumbled after the publication of a short-selling report.

Boxer Floyd Mayweather Jr. lists $48 million Beverly Hills mansion

The star athlete stands to make a nice profit on the sprawling half-acre estate.

Arizona Cardinals rookie Marvin Harrison Jr. scores a $4.9 million luxury estate

While many college grads his age might balk at such a sum, it’s a tiny portion of the $35 million 4-year contract Harrison signed with the Cardinals.

Treasury yields hold near 3-week highs as traders eye barrage of economic updates

U.S. government bond prices were little changed early Thursday, with the benchmark 10-year Treasury yield hovering near its highest level since early September as investors awaited a slew of economic data in the next few sessions alongside commentary from Federal Reserve officials.

Elon Musk snubbed by U.K. over riot comments, report says

Elon Musk won’t be invited to the annual U.K. investment summit that he played a starring role in last year over comments he made about riots over the summer, according to a published report.

Hong Kong stocks lead global surge on reports of more China stimulus measures

Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion

Exclusive: HUD Secretary Adrianne Todman on how government ‘has to be part of the solution’ to U.S. housing crisis 

The housing market has become unaffordable for many buyers. The federal government says it’s working on it.

It’s a bad time for Mira Murati to exit, as OpenAI refocuses on profitability

Mira Murati’s departure from OpenAI could not have come at a worse time.

Raising the full retirement age to 69 would cut Social Security benefits — but it wouldn’t save the program

The maximum age to claim Social Security would climb to 72 from 70
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