Prices for Brent crude oil dropped 2.5% as producers showed no signs of cutting production.
A barrel of Brent fell to $92.60 in Wednesday trading, while West Texas
intermediate crude fell below $90 for the first time in 17 months. The average price of a gallon of unleaded gasoline in the U.S. was $3.30 a gallon, down from $3.70 in April.
A timeline of China’s civil disobedience movement.
Nobel Prize winner Joseph Stiglitz proposes a solution for sovereign
debtors, such as Argentina and Greece, and the so-called “vulture” investors who buy their defaulted debt.
Interest rates in much of Europe are negative, raising fears that European money market funds will let their share prices fall below a dollar – “breaking the buck,” in industry terms. Bad things happened when a U.S. money fund did that here.
Coca-Cola, under pressure from Warren Buffett and David Winters, a hedge-fund manager, is scaling back its executive compensation plan and shifting to more cash-based performance awards.
Companies in the Standard and Poor’s 500 Index are the healthiest in decades,
with the lowest net debt to earnings ratio in at least 24 years, $3.59
trillion in cash and marketable securities, and record earnings per
share.
Unemployment hurts happiness much more than modest inflation, a new paper says.
Thirteen things to know about Ebola, chief of which is that it’s fairly difficult to contract. And the biggest tragedy: We are likely to lose most of the health care professionals in sub-Saharan Africa.
State and federal prosecutors are zeroing in on used-car dealers in the growing problem of subprime auto loans.
A succinct summation of the feud between Bill Ackman and Carl Icahn over Herbalife:
“One day Herbalife will either be put out of business by
consumer-protection regulators or it won’t. If it is then Bill Ackman
will make a lot of money and Carl Icahn will lose a lot of money, and if
it isn’t Ackman will lose a lot of money and Icahn will make a lot of
money, and in the meantime everyone will shout that everybody else
should be investigated.”
You want a fast battery charger? Here’s a fast battery charger. It can recharge an entire electric bus in three minutes.
Thursday, 2 October 2014
Economy