Oil Dips as Weakening Demand Dovetails With Soaring Production

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Oil Dips as Weakening Demand Dovetails With Soaring Production

Oil fell as U.S. refiners curtailed orders for crude with processing equipment shut to perform seasonal maintenance. Futures in New York dipped as much as 1 percent on Thursday. Oil refiners in the world's biggest economy reduced operating rates at their plants last week for the fifth time since the start
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Fannie Mae loses $6.5 billion in 4th quarter on tax change

FILE – This Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. Fannie Mae said Wednesday, Feb. 14, 2018, its net worth sank to a negative $3.7 billion after it had to “remeasure” its deferred tax assets to the tune of $9.9 …
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The Crisis of Fair Value Accounting


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A Chinese Company Has Conquered a Piece of America

Remarkably, the company has also enjoyed the support of a gold-plated roster of American politicos. Its advisers and board of directors have included former directors of the CIA and FBI and former governors of Mississippi, New York, and Pennsylvania. In a written response to questions from Bloomberg
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Bitcoin Trembles at $10000 Level, Paring Gains With Rival Coins

Bitcoin edged lower rather than break above $10,000, triggering a selloff in other large digital coins. The largest cryptocurrency was up 3.1 percent to $9,573 as of 11:43 a.m. in London, after halting a march higher when it came within 0.3 percent of the resistance level. Ripple erased its increase, while
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