EconMatters
5.1K views | +0 today
Follow
EconMatters
News about the markets and economy
Curated by EconMatters
Your new post is loading...
Your new post is loading...
Scooped by EconMatters
Scoop.it!

Whiz kid stock picker: No, I didn't make $72M

Whiz kid stock picker: No, I didn't make $72M | EconMatters | Scoop.it
"The attention is not what we expected—we never wanted the hype," Mo Islam said.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Opec willing to push oil price to $40 says Gulf oil minister - Telegraph

Opec willing to push oil price to $40 says Gulf oil minister - Telegraph | EconMatters | Scoop.it
Senior Opec ministers says cartel has no fear of oil prices falling to levels as low as $40 per barrel amid price war with Russia and US shale
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

IEA Cuts Global Oil Demand Forecast for 4th Time in 5 Months

IEA Cuts Global Oil Demand Forecast for 4th Time in 5 Months | EconMatters | Scoop.it
Global oil demand next year will be weaker than previously estimated and supply from non-OPEC producers will be bigger, the International Energy Agency said.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

With $2 Gas, the Toyota Prius Is for Drivers Who Stink at Math

With $2 Gas, the Toyota Prius Is for Drivers Who Stink at Math | EconMatters | Scoop.it
It now takes years of fuel savings to cover the price premium on hybrid cars such as the Toyota Prius
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Canada Heavy Oil Nearing $40 Threatens Oil Sands Projects

Canada Heavy Oil Nearing $40 Threatens Oil Sands Projects | EconMatters | Scoop.it
Canadian heavy crude fell to near $40 a barrel, threatening projects under construction as producers boosted output and space on a pipeline was rationed.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Iran Sees $40 If There’s OPEC Discord

Iran Sees $40 If There’s OPEC Discord | EconMatters | Scoop.it
Brent crude fell near to a five-year low as OPEC said it expects demand for its crude next year to be the lowest since 2003. West Texas Intermediate also sank.
more...
Scooped by EconMatters
Scoop.it!

OPEC Sees Weakest Demand for Its Crude in 12 Years in 2015

OPEC Sees Weakest Demand for Its Crude in 12 Years in 2015 | EconMatters | Scoop.it
OPEC cut the forecast for how much crude oil it will need to provide in 2015 to the lowest in 12 years amid surging U.S. shale supplies and reduced estimates for global consumption.
more...
Scooped by EconMatters
Scoop.it!

Oil Tumbles to 5-Year Low

Oil Tumbles to 5-Year Low | EconMatters | Scoop.it
Brent crude and West Texas Intermediate slumped to five-year lows amid concern that hedge funds and other money managers bet too much on rising prices.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Gold Volatility Reaches 9-Month High on Whipsaw in Oil

Gold Volatility Reaches 9-Month High on Whipsaw in Oil | EconMatters | Scoop.it
Oil is making gold investors cross- eyed.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

WTI Extends Drop From 4-Year Low as Pre-OPEC Talks Fail on Cuts

WTI Extends Drop From 4-Year Low as Pre-OPEC Talks Fail on Cuts | EconMatters | Scoop.it
West Texas Intermediate extended its decline from the lowest level in more than four years as nations supplying a third of the world’s oil failed to pledge to output cuts before OPEC meets tomorrow.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Apple Reaches $700 Billion Valuation

Apple Reaches $700 Billion Valuation | EconMatters | Scoop.it
Apple Inc., already the world’s largest company by market capitalization, hit a new record value: $700 billion.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Oil at $75 Means Patches of Texas Shale Turn Unprofitable

Oil at $75 Means Patches of Texas Shale Turn Unprofitable | EconMatters | Scoop.it
With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Russian Gas - QuickTake

Russian Gas - QuickTake | EconMatters | Scoop.it
Europeans who want to get tough with Russia over the standoff in Ukraine must face a chilling fact: They need Russian natural gas to stay warm in the winter. About a third of Europe’s gas comes from Russia and memories of shutoffs in
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Russian crisis turns systemic as rouble crashes 13pc - Telegraph

Russian crisis turns systemic as rouble crashes 13pc - Telegraph | EconMatters | Scoop.it
Russia's central bank is letting the rouble plunge as the path of least resistance, but this is becoming dangerous as fear spreads
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Record Oil Tankers Sailing to China Amid Stockpiling Signs

Record Oil Tankers Sailing to China Amid Stockpiling Signs | EconMatters | Scoop.it
The number of supertankers sailing to China jumped to a record in ship-tracking data amid signs that the oil-price crash is spurring the Asian nation to stockpile.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Senate Panel Votes to Authorize U.S. War on Islamic State

Senate Panel Votes to Authorize U.S. War on Islamic State | EconMatters | Scoop.it
A Senate panel voted to give President Barack Obama a three-year authorization to use military force against Islamic State, opening a debate unlikely to be settled until the new U.S. Congress convenes next month.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

US settles below $60 for 1st time since July 2009

US settles below $60 for 1st time since July 2009 | EconMatters | Scoop.it
US crude oil prices have fallen some 33 percent this year. Traders warned that a bottom for crude remained elusive after a six-month selloff.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Ebay Considering Massive Layoffs Ahead of PayPal Split

Ebay Considering Massive Layoffs Ahead of PayPal Split | EconMatters | Scoop.it
The plan could affect up to 1 in 10 employees
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

It’s Oil, Stupid, as Russian Rate Hikes Powerless

It’s Oil, Stupid, as Russian Rate Hikes Powerless | EconMatters | Scoop.it
Investors are betting that the Bank of Russia will raise interest rates tomorrow after it exhausted all other options for stabilizing the ruble. A look at the oil price suggests that too may be futile.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Japan threatened with credit rating downgrade

Japan threatened with credit rating downgrade | EconMatters | Scoop.it
Japan’s “A-plus” credit rating is under threat, after Fitch Ratings placed the country’s debt on negative watch on Tuesday.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

ConocoPhillips to cut 20% on capital spneding in 2015 as crude slides

* Says 2015 capital budget will drop 20 pct to $13.5 bln* To cut investment on less developed shales in N. America* No plans for broad workforce reductions - spokesman (Adds company spokesman's comments;
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

OPEC Inaction Spurs Survival of Fittest as Oil Below $65

OPEC Inaction Spurs Survival of Fittest as Oil Below $65 | EconMatters | Scoop.it
West Texas Intermediate crude rebounded after sliding to the lowest level since July 2009 on speculation that prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Economy in U.S. Expands 3.9%, More Than Previously Forecast

Economy in U.S. Expands 3.9%, More Than Previously Forecast | EconMatters | Scoop.it
The economy in the U.S. expanded more than previously forecast in the third quarter, reflecting bigger gains in consumer spending and business investment and capping the strongest six months of growth in a decade.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

Missouri Governor Orders More Troops as Ferguson Erupts

Missouri Governor Orders More Troops as Ferguson Erupts | EconMatters | Scoop.it
Missouri Governor Jay Nixon ordered more National Guard troops to Ferguson after chaos erupted when a grand jury declined to indict a white police officer for killing an unarmed black teenager.
more...
No comment yet.
Scooped by EconMatters
Scoop.it!

The big, immediate threat for a foreign oil giant

The big, immediate threat for a foreign oil giant | EconMatters | Scoop.it
Brazilian Petrobras shares stabilized for the first time in months, after falling 45% since late August. Is it time for investors to jump in or out?
more...
No comment yet.