One of the key reasons why oil is cheap today is because of a decision made by the Saudi and other OPEC countries one year ago. The group of exporters seeks to rebalance supply and demand by pressuring higher-cost producers to curb production. Ultimately, crude oil settled at...
Vancouver’s mayor sat down with Prime Minister Justin Trudeau in Paris today to discuss the importance of collaboration between the federal government and Canada’s municipalities in fighting climate change.
Google has entered the cross-hairs of the Electronic Frontier Foundation, which says the search giant is violating students’ privacy rights by collecting data about them without permission on Chromebooks used in classrooms. Specifically, the group claims that Google is...
Didi Kuaidi has already invested in Lyft, GrabTaxi and Ola in recent months. Each country will handle mapping, routing and payments through a secure API. Uber is profitable in more than 80 cities around the world, and the number of USA trips completed this year has increased 250...
Bonds and emerging-market equities were also hit on Thursday in the aftermath of the ECB’s decision, which saw president Mario Draghi announce a rate cut and bond-buying boost that fell short of what some investors had envisaged.
OPEC is widely expected to leave its target unchanged at December 4th meeting. Few on the market expect OPEC to change tactics despite the continuing global oversupply of crude.
LONDON, United Kingdom-Hordes of British Christmas shoppers swapped the High Street for the internet on “Black Friday”, leaving stores unusually quiet but delivering Amazon its biggest ever sales day in the country. But that wasn’t the first purchase made....
Oil prices have collapsed from more than $100 a barrel last summer to almost $40 a barrel after Saudi Arabia led a decision to maintain production in the face of a deep glut, a switch from its longstanding policy of modifying output in order to avoid the world from becoming...
Hillary Clinton fired up an enthusiastic crowd in Orlando on Wednesday, blasting the Republican presidential contenders for waging a divisive, insult-filled campaign. But the fact that Clinton has secured such a large portion of organized labor’s support ahead of the first...
Aetna said that its individual insurance business, including the plans created by the Affordable Care Act, performed within expectations through last month, Reuters reports. Officials said the plans in its individual market are costing more for health care, taxes and expenses...
The Dow Jones industrial average fell 250.47 points, or 1.41 percent, after briefly falling more than 300 points; the S&P 500 lost 29.75 points, or 1.43 percent; and the Nasdaq Composite dropped 85.70 points, or 1.67 percent.
In addition, the insurer said it was contemplating exiting the Obamacare exchange market in 2017, raising concerns about the viability of the insurance exchanges, and sending the health insurance sector tumbling.