Those stockpiles will fall by about 700,000 barrels a day in the second quarter if OPEC keeps April’s production level, the IEA forecast in its latest monthly report. But OPEC still may not hit its target this year. Some market watchers now believe exporters must agree to deeper cuts, but a number of analysts say that is not likely. To be sure, EIA believes supply and demand have basically balanced following a protracted period of global oversupply that sent oil prices to 12-year lows below $30

But it’s not that President Trump committed any crime. The first possibility is that someone close to President Trump himself is essentially acting like a mole in the White House. Remember that when the story broke Monday, Secretary of State Rex Tillerson, National Security Adviser H.R. President Trump’s approval ratings may be lower than any modern president this early in his tenure, but they’re still higher than they were throughout the election. President Trump’s polls aside, the voters are s

None of this is going to work if the Republicans pushing for risk pools aren’t as honest as possible with the American people. And the simple truth is that risk pools are still going to lose money. First, Senate Republicans need to be honest with themselves and ditch the House bill’s long list of subsidy recipients. Second, the GOP will have to ask participants in the risk pools to pay more for their premiums than healthy people… within reason. Risk pools provide a much saner and ultimately more

Cisco Systems is having a breakout year with its stock rising more than 13 percent, and it might have more room to run if President Donald Trump’s tax plan is implemented. Drexel Hamilton analyst Brian White said in a note Tuesday that Cisco is in a “prime position as a beneficiary of potential revisions in repatriation policies.” In December, Strategas said that companies that repatriated the largest percentage of their overseas profits as a percentage of their market cap quadrupled the S&P 500

In early February, after Charles Schwab cut its trade commission to $6.95, the shares of E-Trade Financial and TD Ameritrade tanked. Later that month, Fidelity announced a cut to its base stock-trading commission rate from $7.95 to $4.95 per trade. Even as the markets surged this year, stocks of online brokers haven’t boomed. One of the things brokers lowering their fees may not want investors to know is that there may already be better options, especially for investors who decide based on fees

Amazon announced on Tuesday that its Alexa smart digital assistant will soon be able to read out notifications from any device with Alexa installed, including the Echo. Alexa is the first to get this sort of functionality, and it’s one that Siri and Google Assistant still lack. (Imagine if you could just place your iPhone or Android phone on the counter and ask it to do the same.) This functionality will require developers to use new tools that Amazon announced on Tuesday, including the Alexa Vo

Samantha Bailey spends her days in a Phoenix hospital room with her 19-month-old son, Henry, waiting for a heart transplant and fretting about his health care once he gets it. Fears about health care for low income or special needs children in Arizona aren’t theoretical or simply the product of an anxious mother’s mind. Now, parents across the country who have special needs children or low incomes are bracing for similar threats to their families’ health care. Henry Bailey is enrolled in a state

Iceland is a trendy destination these days, and for good reason. That said, after putting myself on a Cash Diet and living on $60 a week in New York City for two months, I figured it was more than possible to visit Iceland without breaking the bank. I spent one day exploring Reykjavik and kept my expenses under $50 without feeling like I missed out on anything. Note that, for simplicity, I refer to everything in U.S. dollars, but the official currency used in Iceland is the Icelandic krónur (1 U

Polling is not yet available on how Trump’s core supporters will react to the latest Russia news but it is a safe assumption that it will do little to shake their faith in the president and their tendency to dismiss any negative stories as “fake news.” But the latest in a seemingly endless parade of Trump scandals will further erode the president’s ability to make progress on major legislative goals. The Comey firing already further emboldened Democrats to try and block Trump at every move. One

Investors should buy Alibaba shares because it will report financial results above Wall Street expectations, according to MKM Partners, which reiterated its buy rating on the China-based internet company. Alibaba will release March quarter earnings on Thursday, May 18, before the market open. “BABA reports FYQ4 earnings on Thursday … We are expecting strong results driven by solid GMV [gross merchandise volume] growth and continued monetization gains,” analyst Rob Sanderson wrote in a note to

TipRanks, a service which ranks Wall Street analysts, identified the top technology analysts and found which stocks they like right now. We use a natural language processing algorithm to rank analysts based on two factors:Average return of buy-sell recommendationsSuccess rate of buy-sell recommendations. TipRanks’ stock screener allows you to screen for “best analyst consensus” stocks in the technology sector, revealing stocks with a “strong buy” best analyst consensus rating. We combined the sc

Looking for ‘diamond in the rough’ stock picks Monday, 15 May 2017 | 3:51 PM ET | 02:55The S&P 500 continues to notch new highs this week, but not all stocks are rallying. So far this month, 32 S&P 500 components have touched 52-week lows, or a bit more than 6 percent of the index, while 130 components so far this month have touched 52-week highs. In Tuesday trading, 12 stocks hit 52-week lows, according to FactSet data. Scanning the list of beaten-down names is a good way to find bargains, acco

The researchers found that smart people were more likely to blurt out the wrong answer because they actually make more mental mistakes when problem-solving. Smart people are more prone to silly mistakes because of blind spots in how they use logic. The dummies getting the bat-and-ball question wrong weren’t so dumb, either. Hence, the tendency to do stupid things follows smart people into the workplace. Consider some of the most common ways in which smart people manage to shoot themselves in the

In the late ’90s it was the “vision thing.” In the shadow of the global financial crisis, we wanted leaders who were comfortable with cost cutting and capital allocation. Today, in the most global, complex and interconnected world we’ve ever operated in, what we want of our CEOs is not as easy to describe. In the 30 years since I started my career, we have learned a lot about CEOs and executive behaviors. We have gotten much more scientific about how we assess leaders, and our description of lea

The Watergate special prosecutor was appointed because there had been a felony break-in at DNC headquarters. ” It is not a criminal investigation. In point of fact, there is no evidence that President Trump has impeded the Russia investigation (a point we’ll expand on momentarily). The stubborn fact is that Trump’s firing of Director Comey has not curtailed the Russia investigation at all. The Watergate special prosecutor was appointed because there had been a felony break-in at DNC headquarters

Retirees may be overly pessimistic about their future financial health and that may lead them to spend less than they could otherwise, according to a new study by United Income, a startup that aims to apply big-data analysis to financial planning. The average adult 60 years or older will trim their spending by about 2.5 percent every year, or by about 20 percent over a 10-year period, according to United Income’s analysis. Meanwhile, retirees leave behind a similar amount of wealth regardless of

Add San Francisco Mayor Ed Lee to the growing list of people who want more information about how Uber and Lyft run their businesses. “I’m not at all afraid of telling (the ride services) ‘You’ve got to change your practices,'” he told the San Francisco Examiner. Lee’s tougher stance comes a week after the San Francisco City Attorney’s Office said it sued Uber to force it to share driver information. Last year, data compiled by the city’s Treasurer’s Office showed there were 45,000 Uber and Lyft

Well-known hedge fund managers such as David Tepper and Dan Loeb get much of the attention, but there are under-the-radar rising stars that are performing even better and beating the market. We used Symmetric.io, a top hedge fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought according to filings. Four times a year, hedge funds file their long positions with the SEC and the information is released to the public 45 days after each quarter ends. With

When you have overcome the shock of losing your job — and, likely, your main source of income — organizing your finances can have a calming effect. The sooner you make a plan, the easier it will be to cope with your change of circumstances. Despite being near the top of the list of life’s biggest stressors, being fired, being demoted or seeing a change in your financial state does not have to spell doom and gloom. Recent jobs numbers from the U.S. Department of Labor show a marked decline in une

His comments echoed those of Steve Eisman, whose bet against the highly leveraged banking system was chronicled in “The Big Short” book and movie. He told “Fast Money” late Monday he doesn’t see any risks of that magnitude to any part of the U.S. economy on the horizon. “I think there are plenty of shorts in this market. I think valuations are vulnerable,” he told “Power Lunch” on Tuesday. Levitt also thinks investors will do better in international markets such as Europe and emerging markets.