Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Oil prices tumbled on Tuesday ahead of a meeting of oil cartel OPEC where a cut in production will likely be discussed.
Ministers from the Organization of the Petroleum Exporting Countries were gathering in Vienna for a meeting on Thursday to agree how to respond to a collapse in oil prices, which have fallen by almost a third since June.
Several OPEC members want the group to cut production dramatically to ease a global supply glut, but Saudi Arabia, the biggest exporter, appears reluctant to endorse a big cut.
"Everybody is looking to the showdown in Vienna," said Eugen Weinberg, head of analysis at Commerzbank in Frankfurt. "You've got all kinds of expectations impacting on the market - from nothing at all towards our expectation of a production cut by almost 1 million barrels per day (bpd)."
Libya, Venezuela, Iran and Ecuador have all called for OPEC to cut production, while Kuwait has said an output reduction is unlikely.
Key will be what OPEC's biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the kingdom.
"The rapid growth now being achieved in non-OPEC production means it faces the risk that even a large cut to supply may not be enough to support prices and could simply result in lost market share and revenue," Barclays Bank analysts said.
"Saudi Arabia's response so far to falling oil prices is an acknowledgment that it is less able to influence oil prices than at any time over the past decade," they added in a note.
Economic data were mixed for oil.
Europe's biggest economy, Germany, posted modest growth in the third quarter to avoid recession, data showed on Tuesday.
But a gradual slowdown in China, the world's biggest energy consumer, weighed on oil.
Credit ratings agency Moody's said on Tuesday a steep economic slowdown in China could hurt sovereign borrowers with a heavy reliance on oil exports to China, such as Oman, Saudi Arabia and Kuwait.