Our call of the day from Bernstein Research that says 10 years from now, you’ll still be better off in equities, whether it hits 4,000 or 8,000. See full story.
Saudi Arabia looks to import oil in order to keep exports flowing
After attacks on the country’s largest oil facilities, Saudi Arabia is reaching out to foreign producers for crude and other petroleum products, upending its usual trade flows to plug gaps in its own supply. See full story.
We are in an earnings recession, and it is expected to get worse
The S&P 500 is officially in an earnings recession for the first time in three years, and the trend is expected to get worse in the third quarter. See full story.
Here are 5 things to know about the recent repo market operations
Broker-dealers, hedge funds and other institutional investors who don’t keep cash on hand for every position they hold are the most vulnerable to this week’s hiccups in the overnight repo market. See full story.
An Apple-Disney merger? Here’s how Bob Iger says it could have happened
Apple Inc. and the Walt Disney Co. could have merged had Steve Jobs not died, Disney Chief Executive Bob Iger believes. See full story.
The Federal Reserve cut interest rates Wednesday, yet rates in the mortgage market still rose. See full story.