The Stock Enthusiast »
Why did the airline stocks take such a big hit yesterday?
Due to the significant rally in crude oil prices over President’s Day Weekend, the airlines stocks got pummeled yesterday. United Continental (UAL), Delta Air Lines (DAL), and JetBlue Airways (JBLU) fell about 10%, while
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Why you shouldn’t be surprised if the unemployment rate rises
A few weeks ago the Labor Department reported that the US jobless rate dropped to 8.3% in January. This is the fifth month in a row the nation’s unemployment rate has fallen and it
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Should The World Play Harder Against Iran?
Over the weekend Iran announced they will no longer be selling crude to British and French Companies. A spokesman for the Ministry of Petroleum was quoted as saying, “Exporting crude to British and French
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Will high oil prices hurt the economic recovery?
Yesterday benchmark West Texas Intermediate (WTI) crude rose 45 cents to $102.24, while Brent crude, which is used to price foreign oil imported by U.S. refineries, rose $1.08 to $120.01. The price of WTI
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Why is the US -China Agricultural Symposium important for American farmers?
Chinese Vice President Xi Jinping is in Des Moines Iowa for the first ever US-China Agricultural Symposium. This is an important step in strengthening the agricultural trade relationship between the US and China. There
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What’s happening in the commodities sector?
In an interview with CNBC Asia Squawk Box yesterday I discussed why oil prices are creeping higher and nearing 9 month highs. We also talked about the agricultural commodity sector and where it’s headed.
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What’s in the budget proposal Obama sent to Congress yesterday?
President Barack Obama sent a $3.8 trillion budget proposal to Congress yesterday for 2013. Though it is doubtful that Congress will pass this budget, it illustrates many of the elements that will frame the
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The IRS issues new rules for reporting stock sales
Last October the Internal Revenue Service (IRS) released a new version of the annual tax forms investors receive from their brokers, called the 1099-B. While the new version will require less effort from investors
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Who benefits from the $26 billion foreclosure settlement?
Yesterday, President Barack Obama announced a historical settlement of a long-running probe into allegedly shoddy foreclosure practices at the nation’s five largest loan servicers. Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally
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Where are gasoline prices headed?
Though crude oil prices are nearly unchanged from their level last year, gas prices around the country were higher last month than any other January on record. According to AAA, the national retail average
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