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New York (CNN)Recession fears are slamming the oil market, with crude tumbling on Friday below $80 a barrel for the first time since January. The good news is the selloff should drive prices at the gas pump down, easing crushing inflation that has been harming consumers. The bad news is the sharp dr

RBNZ hikes their OCR to 3%. Russia to build a competitor to the LBMA. Good day… And a Wonderful Wednesday to you! Temps in the 70’s in the middle of August? That’s what we had last night, as neighbor friends, Duane, Mike, and Paul, all joined me outside to watch the Cardinals beat the Rockies 5-4. T

Equities give back early-week gains on hawkish Fed talk, and mixed earnings. Netflix soared 13% yesterday, but Tesla lost more than 6% after the bell, after announcing a slight revenue miss in Q3. The UK’s political turmoil gets worse by the day, and the dollar-yen tests the 150 level amid mounting

New York (CNN Business)Inflation is hitting everyone hard -- even Snoop Dogg. On Tuesday, the rapper tweeted that even his professional blunt roller got a raise."Inflation," Snoop Dogg tweeted in response to a post by UberFacts, which said his full-time blunt roller makes between $40,000 to $50,000

The bond market selloff did not ease up heading into the long holiday weekend and traders will have to soon decide if they decide to sell in May and go away. The upcoming week is filled with another round of earnings, major economic data out of China, a French debate, and a wrath of commentary from

USDINR 78.01 ▲ 0.04%. EUR/USD 1.0530 ▲ 0.20%. GBP/USD 1.2278 ▲ 0.23%. India 10-Year Bond Yield 7.477 ▲ 0.66%. US 10-Year Bond Yield 3.282 ▲1.34%. ADXY 102.87 ▲ 0.10%. Brent Oil 115.22 ▲ 0.96%. Gold 1,842.15 ▲ 0.08%. NIFTY 50 15,435.50 ▲ 0.56%. Global developments German producer prices rose 33.6% in

(CNN Business)When she first started to shed some weight, Yvonne DeBurgo quipped that she could afford to lose it. But over the past three months, the 77-year-old widow from the southern English county of Oxfordshire has lost nearly 25 pounds, a result of eating just one cooked meal a day -- with ju

BISHKEK -- The Western sanctions applied against Russia in an effort to prevent an invasion of neighboring Ukraine will have a trickle-down effect on many smaller countries with close economic ties to Moscow, experts say. One of those countries is Kyrgyzstan. With the United States, European Union s

New York (CNN Business)The bourbon boom is showing no signs of ending anytime soon: Wall Street is still wild about whiskey. Jack Daniel's owner Brown-Forman reported quarterly results Wednesday morning that easily topped analysts' forecasts. Sales were up 11%, to $1 billion, surpassing estimates of

Graham and Dodd viewed stocks as special cases of bonds. That is, they bought stocks for their dividends, rather than for potential capital gains. There was, however, one noticeable difference between stocks and bonds. The former carry an inflation fighter in the form of potential rises in the divid

Indian shares may struggle for direction at open on Friday as hot U.S. labor market data lifted the dollar and yields. Stock-specific action may be seen in the wake of mixed global cues and ahead of earnings results from top IT companies due next week. Benchmark indexes Sensex and Nifty fell modestl

European stocks closed sharply higher on Tuesday, extending gains to a third straight session, with investors focusing on earnings updates and looking ahead to the European Central Bank's monetary policy announcement, due later in the week. Stocks turned in a somewhat sluggish performance earlier in

New York (CNN Business)Leading oil company CEOs declined on Wednesday to endorse a call from Democrats to reduce dividends and share buybacks and plow the money into ramping up production instead. During a hearing, Rep. Frank Pallone, a New Jersey Democrat, asked the top executives from ExxonMobil (