After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported in their fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Apple's move into banking could break a key relationship point between customers and wireless carriers such as Verizon and AT&T, according to MoffettNathanson.Marketsread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
Reps. Rosa DeLauro, D-Conn., and Lucille Roybal-Allard, D-Calif., say they sent a letter to Homeland Security and the Department of Health and Human Services seeking answers.Health and Scienceread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Goldman Sachs sees further weakness for oil due to the worsening of already weak fundamentals after OPEC held back from cutting production at its recent meeting.
The investment bank is standing by its prediction of $20 a barrel bottom—the breakeven cash cost for highly levered high-cost US shale producers. If oil prices fall below that level, companies will have to make output cuts in order to avert losses.
Even though global oil stock will remain below storage capacity, Goldman said the rebalancing is "far from achieved" as U.S. rig count and exploration and production guidance are "too high" to achieve the required supply decline.
OPEC is also likely to pump aggressively toward the high-end of Goldman's 32-million-barrel a day forecast as Iran resumes productions after U.S. sanctions are lifted over the next few months.
Oil storage also runs the risk of hitting constraints by next spring.
Oil prices have fallen over 50 percent in the last 18 months due to burgeoning energy supply and slowing demand.
"The post-OPEC oil price decline accelerated as the discord between members became more apparent and the lack of a supply response more certain. The meeting confirmed our view that it is not in OPEC's interest to balance the market in the face of still growing higher-cost production," Goldman Sachs analysts wrote in a report Thursday.
OPEC's resolve was strengthened after U.S. production picked up once prices neared $60 a barrel this summer, they added.
The group of 13 oil-producing countries has kept its production ceiling around 30 million barrels a day for years, with kingpin Saudi Arabia standing firm against an output cut in order to maintain market share and drive higher cost producers out.
"Despite the fiscal challenges that low oil prices create now, the alternative of cutting production reduces long-term revenues instead," said the Goldman Sachs analysts.
Oil prices are now near seven-year-lows with U.S. WTI crude prices are around $35 a barrel—below Goldman's three-month $38 a barrel forecast—while crude is now around $37 a barrel.
OPEC said in its latest monthly report that the supply of oil from countries outside of the cartel will contract next year.
"Saudi Arabia's policy change in November 2014, when it decided to stop defending prices and pursue a market-share strategy by maximizing production of its low-cost crude is beginning to bear fruit: US shale oil production has started to drop," analysts at Societe Generale wrote in a note Friday.
International Energy Agency's executive director, Fatih Birol, concurred, saying that current price levels will drive a decline in oil production outside of the Middle East next year, with North America production falling half million barrels a day.
The expected contraction in supply diversity does not bode well for oil security, he said.
"We will have to be very careful that our oil supply will be concentrated more and more on a very few low-cost countries in the Middle East. Given the current geopolitical situation of the Middle East…this may not be the best news from oil security point of view, " he told CNBC's Capital Connection.
Some market watchers who see OPEC's strategy working eye a rebound in prices by late 2016.
The SocGen analysts expect Brent oil to rebound to $60 a barrel in the fourth quarter of next year due to a drop in stockbuild growth in the second half of the year.
IEA's Birol said low prices may attract some demand, so the market "may well see some surprises in the next few years balancing the market but with higher prices than we think for now."
Follow CNBC International on and Facebook.