by Dorian Holden | Sep 17, 2019 | Markets
Oil prices are suddenly plunging. Just days after an attack knocked out 5.7 million barrels of crude production in Saudi Arabia, oil prices are pulling back on reports that production will return to normal faster than expected. In fact, crude is now down nearly 5% on...
by Dorian Holden | Sep 16, 2019 | Markets
For the first time in 11 years, General Motors’ employees are striking. Earlier, more than 49,000 members of the United Auto Workers (UAW) union walked off factory floors and on to picket lines, as contract negotiations fell apart. At the moment, the strike shuts down...
by Jamie Johnson | Sep 16, 2019 | Markets
The connected fitness maker recently set its IPO range. The fitness maker Peloton is planning to go public and just last week, the company set its IPO range. The company will offer 40 million shares priced between $26 and $29. This would price the company at...
by Dorian Holden | Sep 16, 2019 | Markets
The oil risk premium is back. Earlier, oil prices were up as much as 18% after oil processing fields in Saudi Arabia were attacked, knocking out 5.7 million barrels a day of crude production – or nearly 5% of global daily oil production. Unfortunately, Yemen’s Houthis...
by Jamie Johnson | Sep 13, 2019 | Markets
This week, the company updated its SEC filings in an attempt to appease investors. In August, WeWork first announced its plans to go public and the company has been plagued by controversy ever since. Most of the controversy centered around the company’s CEO and its...
by Dorian Holden | Sep 13, 2019 | Markets
Investors are a bit confused. Late last night, President Trump said he would “consider” an interim trade deal with China, even though he would not prefer that. Instead, he wants a full agreement. “If we’re going to do the deal, let’s get it done,” he told...
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