• Stocks Slump and Treasuries Gain as Sell-Off Resumes

    5 monthes ago - By Fortune

    U.S. stocks slumped, following European and Asian shares lower, as concern resurfaced that trade tensions between the world's two largest economies are far from resolved. Oil slid as OPEC ministers met in Vienna.
    The Dow Jones Industrial Average sank more than 500 points, while S&P 500 resumed its slide after one of the biggest routs of the year. Trade tensions reignited after the arrest of the chief financial officer of tech giant Huawei Technologies Co. - dousing hope China and the U.S. would make immediate progress on a deal. The yuan dropped the most since October. The start of the...
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  • Oil plunges as OPEC tries to balance supply concerns with Trump's demands

    5 monthes ago - By Chron

    AP/Ronald Zak
    OPEC must balance supply concerns with the whims of two of the world's largest producers.
    Oil prices plunged more than 4% prior to Thursday's meeting in Vienna.
    Gulf State Qatar announced it would leave the cartel in 2019 with OPEC keen to manage prices.
    The plunge in oil prices highlights the divide between Saudi Arabia on one side and the US and Russia on the other.
    As OPEC and its allies meet in Vienna Thursday, a geopolitical price war is raging in the background.
    The summit has so far had a balanced view between moderate cuts to production to prevent a supply glut while...
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