Investing and Global Finance News

Monthly Archives: December 2015

Oil Prices Plunge After Iran Announcement

In the wake of a report stating that Iran intends to increase oil imports when economic sanctions are lifted, global oil prices plummeted by about 3 percent overall.

North America’s main oil blend benchmark price fell by over 3 percent, going for $37 per barrel on Monday. As a result, the Canadian dollar fell under 72 cents to the US dollar. West Texas Intermediate oil traded hands at $36.80 a barrel, falling 3.4 percent on the first trading day after last week’s mini rally.

A report stated that Iran intends to add 500,000 barrels of oil per day once sanctions on its trade are lifted as a result of the nuclear deal passed last summer. That just adds more oil to an already flooded market which has over 1 million barrels more oil everyday than the world consumes. The oversupply is keeping prices down as the buyer’s market is maintained.

The bad news for oil sellers is also bad news for Canada’s dollar. Canada’s currency is strongly linked to the price of oil.

The Business of Art and Auctions

Those in the art world wait every year for the Art+Auction’s annual guide to the most noteworthy people who are shaping the art trade. As the editors of the The Power 100 of 2015 explained, “To acknowledge power’s diverse sources, we have also included some familiar names simply for their sheer scope of influence or… Continue Reading

Trend Away from Home Broadband

Millennials are today’s trendsetters, and they seem to be voting for less at-home internet and more smartphone usage, at least according to a new Pew Research Center poll. Young people today are asking themselves why they should pay for broadband services if they are doing most of their browsing with their phones? And the answer… Continue Reading

November’s Job Growth Higher than Expected: Bodes Well for Interest Rate Hike

November added 211,000 more jobs to the economy, according to data released by the Bureau of Labor Statistics. The unemployment rate is staying close to its five-year low at 5 percent. Job increases were seen in several sectors, including food services and retail. The good stats for job growth will hopefully make it easier for… Continue Reading

Christians and Jews Unite to Help Israel

In what many might see as an unlikely combination, Christians are stepping up in the thousands to support Israel during the recent upswing in terrorist attacks targeting Israeli civilians and soldiers. Many of the Christians are helping through donations to the International Fellowship of Christians and Jews, a non-profit organization founded by Rabbi Yechiel Eckstein.… Continue Reading