Home furnishing sellers are among the many retailers hoping for a strong Holiday shopping season. But--will they get their wishes or be unpleasantly surprised this Christmas?
There’s legislation being debated in the U.S. Senate on whether to allow more oil drilling in the Gulf of Mexico. It's not just the oil--but the oil revenues coming in that's a big part of this. The benefit for nearby states is the chance of collecting federal royalties – as much as $650 million for each state.
OPEC could make oil production cuts for the second time this year--so says the Saudi Oil Minister Ali Naimi. He says supply continues to outweigh demand. But it's not a done deal. The oil organization could wait until their December meeting in Nigeria-- to assess the impact of the October cuts--before cutting even more production
Is the dropping U.S. dollar causing the stock sell off today? Yes--says Gina Sanchez. She's portfolio manager for the California Endowment.
Holiday shopping got off to a strong start over the week-end with upscale department stores looking like early winners. And it's not just grownups who have their hearts set on something luxurious. Kids are going upscale, too.