Some experts suggest oil prices will be range-bound for a while before heading lower, even as low as $20 per barrel. Others believe oil prices are about to head north before settling somewhere between $70 and $80 per barrel. Who is correct and can we really know for sure? In this article, we’ll look at the price history of crude oil, changes in production over time, inventories, and examine the factors which have an influence on the price of this essential commodity. What influences ...
Shares of the Arizona-based First Solar are taking off in late Tuesday trading, thanks to a new partnership with none other than tech giant Apple. In what they are touting as "the largest commercial power deal," the companies announced Tuesday afternoon that Apple has committed nearly a billion dollars to partner with First Solar and build a solar farm south of San Francisco. Shares of First Solar surged nearly 5% on the news and continued to rise in ...
After struggling for much of 2014, gold and silver have experienced some respite in the past few months as Eurozone and emerging market fears surfaced once again. The relentless U.S. dollar rally and the commodities bust hurt demand for precious metals last year, but worries about Greece leaving the Eurozone and currency turmoil from Russia to Turkey to Brazil helped gold to climb 13 percent and silver 20 percent since November. Though many precious metals bulls are starting to get ...
Alibaba.com tumbled 8.8% Thursday, a day after Yahoo finally answered investor chirping by announcing it will spin off its remaining stake in the Chinese e-commerce giant to shareholders. Are we looking at a case of be careful what you wish for? The assumption held by those clamoring for Yahoo to spin off the Alibaba stake has been that fast-growing Alibaba basically accounts for the entire current value of Yahoo stock, and divesting it in a tax-free manner is the best way to deliver ...
It’s one of those rare moments of humility on Wall Street, a placed where “indicted but never convicted” is a badge of honor. A hedge fund chief who lost all of his client’s money told them he was sorry. Owen Li, founder of Canarsie Capital, wrote to his clients to say he had run their accounts down from $100 million less than a year ago to just $200,000. Reportedly, he got into a hole and took on a string of high-risk bests ...
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