The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
A punishing rout in the oil market could portend a healthy bounce for stocks and crude futures if historical trends hold.
Brent and U.S. crude futures have recently tumbled more than $20 a barrel from four-year highs, plunging into a bear market over the course of six weeks. The pullback dovetailed with a broader sell-off in markets, a surge in global oil supplies and darkening forecasts for demand.
But investment firm Jefferies says there may be a silver lining to the clouds that have descended over the oil market.
"Severe one month declines in the price of oil has not presaged market weakness, quite the contrary, actually," the firm wrote in a research note Sunday.
"Historically, at least, rapid declines in the price of oil have tended to be bullish for the S&P even if it's often easy to spin oil price declines as a negative."
Jefferies researched what happens to stocks and crude futures after a move of two standard deviations to the downside over the course of a month for oil prices.
Going back to 1990, and excluding the global financial crisis, the typically posts a 2.3 percent gain in the month after a similar drop in the cost of crude on the scale the market just witnessed. Over the next three months, the S&P historically rises 5.4 percent.
West Texas Intermediate crude, the benchmark for U.S. oil prices, typically recovers 5.5 percent over the next month. WTI logs a 7.3 percent jump in the three proceeding months.
Since oil crossed the two standard deviation threshold on Tuesday, the S&P had risen half a percent and WTI had bounced 2 percent by the time Jefferies released the report. Oil prices fell Monday morning after rising for three straight days.
Jefferies says investors can already see an uptick in cyclical, value-oriented stocks since the oil price rout.
The firm created a basket of 10 mostly industrial and materials stocks that have underperformed the broader market by 37 percent this year. Since the lows at the end of October, they have outperformed the market by about 4 percent.
The drop in oil prices now offers "a nice cushion for numbers," Jefferies says.
There's another reason to expect a rally in oil prices. OPEC, Russia and several other producer countries are poised to cut output when they meet early next month. The alliance has reportedly discussed throttling back production by as much as 1.4 million barrels per day, or roughly 1 percent of global oil supply.