• Oil prices drop more than 5% to fresh one-year lows

    20 days ago - By Business Insider

    Oil slid further into a bear market Tuesday, hitting fresh one-year lows.
    Prices have fallen about 25% from recent peaks.
    Watch oil trade in real time here.
    Oil prices hit their lowest level since 2017 on Tuesday, sliding further into a bear market amid concerns about oversupply.
    West Texas Intermediate fell 5.6% to just below $54 per barrel, while the international benchmark Brent shed 5% to $63.68 a barrel. The resumed sell-off came amid a sharp fall in global equities, with all three major US indices wiping out 2018 gains on Tuesday.
    Oil had been holding close to multi-year highs in...
    Read more ...

     

  • Kohl's profit forecast misses estimates, shares slip

    Kohl's profit forecast misses estimates, shares slip

    20 days ago - By Reuters

    Kohl's Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season.
    Read more ...

     

  • Oil drops 4 percent as equities slide sparks demand worries

    20 days ago - By Reuters

    Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader selloff fed by growing concerns about slowing global growth.
    Read more ...

     

  • Bitcoin crashes to lowest this year, losses top 25 percent in a week

    20 days ago - By Reuters

    Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in the world's best-known digital coin to 25 percent within a week.
    Read more ...