Raging wildfire in Canada fuels oil prices
A huge fire that has forced the evacuation of the entire oil sands town of Fort McMurray, Canada is creating turmoil in the oil market, lifting crude above $46 a barrel. The forest fire threatens key production facilities in the area, some of which have already been taken offline.
Famed investor sounds the crisis alarm on U.S., China
Hedge fund billionaire Stanley Druckenmiller warned on Wednesday at the Sohn Investment Conference a debt-fueled disaster is coming in the U.S. and China.
Nice kicks! Adidas is way hotter than Nike
Adidas shares have soared despite the FIFA scandal and weakness in its golf unit. Sales are surging around the world. And Adidas has snagged some high profile athletes as endorsers to step up its game against Nike and Under Armour.
Why I’m not selling my Apple stock
Hedge fund bigwig Carl Icahn dumped all of his Apple stock last week, but Main Street investors are sticking by the beloved company.
U.S. billionaire: China wants the American dream
Blackstone CEO Stephen Schwarzman, an influential Republican, defended China’s economy and declined to explicitly say he would support Donald Trump.
Stocks: 5 things to know before the open
Here’s what you need to know about the markets before you start your business day.
Betting against Tesla, Trump will win and more tips from superstar investors
Hedge fund managers gathered in Manhattan on Wednesday to hear the best ideas from famed investors like Jim Chanos. The highlights include a prediction that Donald Trump will win the White House and pile on lots more debt and a big bet against Tesla and Elon Musk.
China spends record amount buying up foreign companies
Chinese companies are on a $108 billion dollar record shopping spree, snapping up foreign firms at an incredible pace.
Why Whole Foods CEO envies Trader Joe’s
Whole Foods CEO John Mackey says he envies private companies like Trader Joe’s, a major competitor, because they’re not subject to all the regulation that public companies are.
Zillow CEO: When you should buy vs. rent
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Oil town Americans late on car loan payments
Banks surveyed by the Federal Reserve warn that financial stress in the oil industry is starting to infect loans made to businesses and households in energy-dependent regions of the U.S.
What’s wrong with Apple?
The stock is in the midst of an epic losing streak and is one of the worst performers in the Dow this year. Carl Icahn has given up and sold his stake. And iPhone sales fell for the first time ever. But is the worst almost over for Apple?
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Are sensitive U.S. economic reports being leaked?
A new academic study shows there is significant “price drift” in the 30 minutes before the release of various U.S. macroeconomic reports, including the preliminary GDP report.
Twitter shares hit lowest level ever
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Bad weather brewing: Markets brace for La Niña
The good news is that the worst El Niño in two decades is fading. The bad news is that it’s likely to be replaced by La Niña.
Brazil slaps miners with $44 billion lawsuit over dam collapse
The legal fallout from a deadly Brazilian dam collapse is far from over for two of the world’s biggest miners, Vale and BHP Billiton.
Cheap oil is crushing Middle Eastern countries
Saudi Arabia, Qatar and Iran count on oil exports. But oil in the current $40 to $50 range is already below the break-even point for many Middle Eastern nations.
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