By Dr. Kent Moors, Global Energy Strategist, Money Morning As recently as 18 months ago, terrorist attacks like Nov. 13 in Paris would have caused an immediate (and sizeable) spike in oil prices. That’s because, as we can all remember, violent actions on the international stage have increased the uncertainty factor… Read More
Sweeping new rules coming to the stock market
Regulators are proposing new procedures to monitor high-speed trading more closely in response to wild market swings brought on by a series of technical breakdowns. More than 70 percent of all trading today is automated, the Commodity Futures Trading Commission said Tuesday as it voted unanimously in favor of new… Read More
The Clinton / Wall St connection Hillary DOESN’T want you talking about…
Hillary Rodham Clinton wants voters to know she is no friend of Wall Street. But Wall Street has frequently been a friend to her. In the 18 months prior to announcing her second campaign for president, the front-runner for the Democratic nomination addressed private equity investors in California and New… Read More
Busted! Emails reveal Coca-Cola’s involvement with ‘weight loss’ group
A nonprofit founded to combat obesity says the $1.5 million it received from Coke has no influence on its work. But emails just obtained by The Associated Press show the world’s largest beverage maker was instrumental in shaping the Global Energy Balance Network, which is led by a professor at… Read More
Big Pharma set to get bigger
Pfizer and Allergan are joining in the biggest buyout of the year, a $160 billion stock deal that will create the world’s largest drugmaker. It’s also the largest so-called inversion, where an American corporation combines with a company headquartered in a country with a lower corporate tax rate, saving potentially… Read More
Whoa! Is ObamaCare about to collapse?
Premiums are growing, and the Obama administration has once again missed their registration goals. Now the country’s biggest healthcare provider, UnitedHealth, is threatening to abandon Obamacare because it’s so poorly run. Is this the beginning of the end for the President’s plan? UnitedHealth Group said Thursday that it is pulling… Read More
Ouch! Big hits cost NFL a BILLION dollars.
The NFL will ask a U.S. appeals court to uphold a potential $1 billion plan to settle thousands of concussion lawsuits filed by former players. Critics appealing the settlement on Thursday complain it protects some retirees at the expense of others. The awards could reach several million dollars for men… Read More
Why does Wall Street love Ted Cruz?
Republican presidential candidate Ted Cruz has long been critical of corporate welfare and Wall Street bailouts. Now, critics are accusing the presidential candidate of hypocrisy, as some of Cruz’s biggest supporters are these same Wall Street millionaires he’s targeting. Questions on Cruz’s reliance on Wall Street come after reports that… Read More
With sanctions lifting, Iran gets richer by increasing oil exports
Iran said Tuesday it will export an additional 500,000 barrels of oil a day after sanctions are lifted under a landmark nuclear deal in a bid to reclaim its market share despite low prices. Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions… Read More
Asia Pacific Economic Cooperation summit underway
Tensions with China and the Paris attacks could upstage trade issues at the Asia Pacific Economic Cooperation summit, being held under extra-heavy security in the Philippine capital this week. President Barack Obama and the leaders of China, Japan, Mexico and other nations in the 21-member APEC bloc are converging with… Read More
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