Crude fell 0.5 percent in New York after dipping below $40 a barrel Wednesday for the first time since August. Stockpiles rose by 252,000 barrels last week, keeping supplies more than 100 million barrels above the five-year seasonal average, according to the Energy Information Administration. U.S. refineries processed more oil as they ended seasonal maintenance.
Many people signing up for 2016 health policies under the Affordable Care Act face higher premiums, fewer doctors and skimpier coverage, which threatens the appeal of the program for the healthy customers it needs.
Stocks rallied the most in four weeks while Treasuries pared losses Wednesday after Federal Reserve meeting minutes bolstered confidence in the strength of the economy and reinforced speculation that interest rate increases will be gradual.
U.S. consumers have borrowed a record $1 trillion to purchase cars, SUVs and trucks. Balances on auto loans grew 11 percent year-over-year, or $101 billion, in the third quarter, according to report this week from TransUnion, a credit reporting company. The total for auto loans is now $1.008 trillion. Nearly 75 million consumers have an open car loan account, 5 million more than the same period last year.
If there is any good news for France after the horrific violence in Paris on Friday, it's that terrorists generally aren't able to destroy the economies of the countries where they strike. Societies are resilient, and people can soon get back to doing business after attacks like this one. The purely economic consequences of recent terrorism have been limited and temporary.
Gold futures fell under $1,070 an ounce on Tuesday for the first time in more than five years as investors shook off lingering worries about the terrorist attacks in Paris and bought assets perceived as risky, such as stocks, dulling interest in the metal.
The sharp fall in oil prices since mid-2014 is a definite plus for U.S. consumers, but it hasn’t translated into much of a windfall for retailers or consumer spending. And that’s been a surprise to some economists and investors.
U.S. stock index futures pointed to a slightly higher open on Monday after the terror attacks in Paris over the weekend, with markets expecting subdued trade as investors looked to traditional safe-haven assets.
Asian stocks were hit by a sell-off on Monday, with tourism-related plays among the hardest-hit, as sentiment were badly dented by Friday's brutal terrorist attacks in Paris. The attacks, which occurred across seven locations, leaving 132 people dead and hundreds more injured, will likely have a "short, sharp effect" on equity markets, analysts say.
Craig Jorgensen owns a Honda CR-V and a Toyota Avalon, both originally fitted with potentially deadly air bags made by Takata Corp. His experience in the biggest safety recall in U.S. automotive history shows just how complicated the process is.