Brent crude declined by nearly 4% to $66.65, its lowest level over the last 7 months. OPEC nations and its associate members hinted at a production cut last Sunday, which may have given oil prices a small boost on Monday.But President Trump’s tweet Monday asking OPEC members and Saudi Arabia not to cut supply may have reversed sentiment. Further uncertainty entered the markets as OPEC revised oil demand for 2019 downward, for the fourth straight month.

Over the last 24 hours, the Bitcoin price has remained fairly stable in the $6,300 region with its volume stagnant at around $3.7 billion. Stellar (XLM) has increased by nearly six percent as the anticipation towards the potential listing of XLM by Coinbase, the world’s largest fiat-to-crypto exchange, continues to intensify. The rest of the market has struggled to initiate an upward movement, which was expected given that trading activity in the cryptocurrency exchange market tends to subside during the weekend. READ MORE...  

Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. Khalid al-Falih told reporters that Saudi Aramcos customer crude oil nominations would fall by 500,000 bpd in December versus November due to seasonal lower demand.The cut represents a reduction in global oil supply of about 0.5 percent. READ MORE...

Alibaba on Sunday tore through last year's Singles Day sales record, racking up more than $30.8 billion in the 24-hour shopping event. Gross merchandise value (GMV), a figure that shows sales across the Chinese e-commerce giant's various shopping platforms, surpassed last year's $25.3 billion record at around 5:34 p.m. SIN/HK (4:34 a.m.ET) on Sunday, and kept marching higher through the rest of the day. READ MORE...

Monday’s big drop in the overall market spooked investors and has given me mixed feelings too. First, the chart for the SPDR S&P 500 ETF (NYSE: SPY) has a possible inverse head and shoulders pattern forming and that is a bullish factor.Unfortunately, a personal market indicator that I developed in 2009 just gave the strongest bearish reading so far in 2018. Let’s look at the chart of the SPY first. We see that the ETF dropped to the 270 level in early October and then bounced to the 281 level.

According to Investor Business Daily’s Relative Strength rating, Teva’s stock price has appreciated more than 94% of the stocks in its database over the past year.If the pattern plays out the same way and drops over 19% again, the stock would be under $19.50 this time around. The fundamentals for Teva are also a factor as the company has lagged in its earnings and sales growth.

Over the last nine months the iShares MSCI Emerging Market ETF (NYSE: EEM) has been trending lower.We just experienced another instance of the EEM moving above the moving average for one day with the big global rally on Wednesday, but it fell right back below it on Thursday. It is also worth noting how the daily stochastic readings have been a pretty good indicator for the downswings.

Housing prices for houses less than 75% of the cost of median houses increased 8.9% from September 2016 to September 2017 which was above the 6.4% increase for all homes.Even though the labor market is extremely robust as weekly wage growth is at a cycle high and the underemployment rate is at a cycle low, shelter inflation outperforming overall CPI has taken a toll on affordability.

The transaction would help GE raise around $4 billion (estimated at current stock price of Baker Hughes). The announcement comes a day after GE CEO Larry Culp told CNBC he felt  a “sense of urgency” to fix the mounting debt problems of the conglomerate, and one of the ways he suggested to do that was to sell off GE’s stake in Baker Hughes.After the sale, GE's stake in the oil firm would come to a little above 50% (versus the existing 62.7%).

Black Friday is not too far off, and some analysts & economist are predicting solid consumer demand – something that should add to retailers' 'celebrations'. The National Retail Federation is expecting holiday sales to increase in the range of  +4.3% to +4.8% compared to 2017, which are higher growth rates than the past five years.Amazon ‘s special Christmas shopping offer includes free shipping on all orders, waiving the minimum purchase limit of $25 that otherwise applies to non-Prime users.

Kellogg might be selling off some of its cookie and fruit snack businesses. On Monday, the company revealed that it is exploring a sale of brands like Famous Amos, Keebler cookies, Mother's and Murray cookies, and Stretch Island fruit snacks.“Yet, we wholeheartedly believe these iconic and beloved brands can thrive in the portfolio of another organization that can focus on driving growth in these particular categories.” The Special K cereal maker wants to instead focus on  its core areas such as its frozen foods, morning foods and snacks that generate the majority of its revenues.

On Tuesday, the the e-commerce giant announced that it will split its HQ2 between New York's Long Island City and Northern Virginia’s Arlington County. Last year, Amazon had expressed plans to look for its HQ2, preferably where it can attract skilled people for its jobs and one that has access to mass transit. Hundreds of proposals started to pour in from across 54 states, provinces and districts of North America. Finally on Tuesday, Amazon revealed its choice to divide the second headquarter between two places.

In a volatile turnabout, the U.S. crude benchmark fell into a bear market Thursday just five weeks after hitting a nearly four-year high. West Texas Intermediate crude for December delivery CLZ8, -1.59% on the New York Mercantile Exchange fell $1, or 1.7%, to settle at $60.67 a barrel, marking its ninth straight losing session and the lowest close since March.The finish left U.S. oil down 20.6% from its Oct. 3 peak, meeting a widely applied definition of a bear market as a pullback of 20% from a recent high. READ MORE...

A great way to understand the future priorities for a company is to see where they invest resources.When you look at where Toyota, the Japanese industry giant, has recently invested, it’s clear the company is preparing to remain relevant and competitive in the 4th industrial revolution as a result of its investments and innovation in artificial intelligence, big data and robots. READ MORE...

Luxury car company Porsche, founded in 1948, made more than 4.22 billion euros in profit before taxes in 2017, according to its annual report.Based on the Nov. 8 exchange rate, that's more than $4.82 billion. READ MORE...

The Securities and Exchange Commission’s (SEC) settlement with the founder of EtherDelta is likely the first of many enforcement actions to come against crypto token exchanges. READ MORE...

The all-cash deal valued the company at $135 per share, or a 12.2 percent premium over Friday's stock price. After the deal is complete, it is expected that athenahealth, Inc. will merge with Virence Health, which is the former GE Healthcare unit that was purchased by Veritas earlier in 2018.Over the past year, it has cut staff and changed management in a restructuring effort, perhaps in an effort to attract buyers. 

Goldman is embroiled in a corruption probe that started with Malaysia's finance minister, Lim Guan Eng, saying he would seek a refund over bond deals for its sovereign wealth fund.He added that Goldman has "admitted culpability" after a former banker admitted guilt for his role in the scandal. Bloomberg reports that three senior Goldman bankers were implicated in a Department of Justice criminal enterprise that involved bribing Malaysian officials as well as laundering money.

Venture capital money has been flowing into fintech and artificial intelligence in 2018, but cryptocurrencies have been a different story.Investors are keen to back projects dealing with their underlying technologies, like blockchain, but less enthused to hitch their wagon to the inherent volatility of crypto in a still murky regulatory climate. Now a new kind of cryptocurrency project has emerged – one that ties its price to reserve currencies to mitigate wild price fluctuations.

General Electric’s shares tumbled by ~10% on Monday and got as low as $7.72, after the CEO of the company in an interview with CNBC said GE may fall short of its 2018 sales target. As part of the interview given to CNBC, Larry Culp said the first priority for the company is to bring its leverage down through assets sales.GE’s debt-to-equity ratio for the third quarter stood at 3.7%, which is more than four times the industry average of 0.77%. The ailing condition of a number of GE's business segment, like power, aren't helping much in the process.