Oil prices dip on relentless rise in US crude output

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Oil prices dip on relentless rise in US crude output

SINGAPORE (Reuters) – Oil prices dipped on Tuesday, extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets.
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China Merges Bank, Insurance Regulators to Tackle Risk

China plans to merge its banking and insurance regulators into a more powerful agency to control scandal-plagued finance industries that are struggling with debt.
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Larry Page's Flying Taxis, Now Exiting Stealth Mode

Since October, a mysterious flying object has been seen moving through the skies over the South Island of New Zealand. It looks like a cross between a small plane and a drone, with a series of small rotor blades along each wing that allow it to take …
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Tension Is Running High in US Stocks

“We're going to ping-pong back and forth, whether it's a good jobs number or some geopolitical concerns,” Michael Wilson, Morgan Stanley's chief U.S. equity strategist, said in an interview on Bloomberg Television. Wilson, for one, thinks he knows which direction the tension will break towards.
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The Retail Equation: Best Buy, Other Retailers Using Third-Party Company To Block Returns

Major retailers, including Best Buy, JCPenny, Victoria's Secret and a variety of others, have been tracking the return habits of shoppers and secretly punishing those who are suspected it be abusing return policies.
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