Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The stocks of several utilities opened lower, after weekend power outages during a major heat wave and from severe storms.Market Insiderread more
The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week.Marketsread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
"Even a 50-basis point reduction would still keep the Fed funds rate well above zero," Shelton told The Washington Post in an email.The Fedread more
Also in Epstein's address book is supermarket mogul Ron Burkle, Chelsea Clinton, former Secretaries of State Henry Kissinger and John Kerry, and media titan Rupert Murdoch,...Politicsread more
Free stock-trading start-up Robinhood is now valued at $7.6 billion after closing its most recent late-stage funding round.Financeread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
If the Baghdad government can keep Sunni militants away from its oil fields, production in Iraq may actually increase—though global prices are still seen staying higher.
Fear that Iraqi oil production could be disrupted by an insurgence by the militants has driven Brent futures up 5 percent in the past 10 days to about $115 per barrel. Iraq produces about 3.3 million barrels a day, and is OPEC's second largest—and fastest growing—producer.
Citigroup analysts Thursday issued a new report saying the outlook for Iraqi oil is for more production, even with the clashes between ISIS and the Shiite-controlled Baghdad government. ISIS, or the Islamic State of Iraq and al-Sham, has seized a number of Iraqi cities, and was battling for control of the country's biggest refinery in the town of Baiji.
The key to more production would also be a move by the Kurdistan Regional Government in the north—which has so far stayed mostly on the sidelines while Sunni and Shiite Arabs battle one another—to move toward sovereignty and take control of its own oil exports. Currently, Baghdad contests the Kurds' right to export crude, and some buyers have been reluctant to purchase from the Kurds for that reason.
"Our base case is in the short run, we do get more oil. That base case is based on the Kurdistan Regional Government maintaining its independence and security and Baghdad maintaining its control over the southern oil field," said Edward Morse, head of global commodities research at Citigroup.
Citigroup says a fear premium could remain in the price of oil in the third quarter, but Morse said he does not expect to see a price of $120 a barrel for Brent unless more oil is taken off the global market.
"There are cargoes of Angolan and Nigerian crude that nobody wants. The physical market is not as tight as the perception of a price going up by 4 percent. It's hoarding, in a way, and speculating," he said. "The physical market has not changed since before the taking of Mosul."
The energy industry, meanwhile, is meeting in Moscow this week at the World Petroleum Congress. Exxon Mobil Chairman Rex Tillerson was a keynote speaker. Exxon was reported to have moved most employees out of southern Iraq, but it has declined to comment on security issues.