Whitney Kuhl

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The dollar is crushing other currencies

In the global currency cage match, the dollar is as unstoppable as undefeated UFC champ Ronda Rousey.<p>The greenback is trading at a 12-year high against the euro and 8-year high versus the Japanese yen.<p>This strength is, in many respects, a sign that the economy in the United States is much healthier …

Markets

NY investigators have flagged 'millions' of potentially illegal money laundering transactions — all at one bank

"What regulators have not done is actively tested the effectiveness of the filtering system banks are using," Lawsky said Wednesday during a speech at Columbia University. "That needs to change."<p>Lawsky is the New York State Superintendent for the Department of Financial Services.<p>Typically, the …

Corruption
McDonald's
Oil
Finance
Economics

Oil prices continue to fall, pushing Brent under $60 a barrel

NEW YORK (MarketWatch)—The U.S. crude-oil benchmark failed to hold on to initial gains Tuesday, losing ground for a fifth straight session as traders …

Oil

Oil slump threatens easy life of affluent Norwegians

STAVANGER, Norway (AP) — Losing his job on a Norwegian oil rig meant more to Kristoffer Sandberg than saying goodbye to a high salary. It has caused a shift down in lifestyle and expectations, something an increasing number of people in this small oil-rich country are facing.<p>After a decade of an …

Oil & Gas Industry

Scared OPEC members want meeting, but Saudis call the shots

The plunge in oil prices is scaring some members of OPEC.<p>Nigeria's oil minister told the <i>Financial Times</i> Monday that the crash in crude oil prices could cause the cartel to hold an emergency meeting.<p>OPEC isn't scheduled to hold a regular meeting again until June. The last time it met, on …

Oil

Bank of America Merrill Lynch is breaking a decade-old truce among Wall Street brokers

The bank is making it harder for brokers to take some of their clients with them when they leave Merrill Lynch—specifically, clients that were referred to the broker by a Bank of America branch. Brokers in recent months have been asked to sign contracts saying that if they leave Merrill Lynch, they …

Finance
Oil
Investing

Futures edge lower after Dow, S&P hit records

NEW YORK (Reuters) - The Nasdaq ended higher on Monday for a ninth straight day following gains in Apple (AAPL.O), while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares.<p>Nasdaq’s winning run was its longest since September 2010, putting the index …

Stock Markets

Get Ready for $10 Oil

At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 …

Oil
Stock Markets

Chicago Cubs can keep building Wrigley signs, judge says

A federal judge Thursday ruled the Chicago Cubs can move ahead with installation of outfield advertising signs and video boards that could block views into Wrigley Field from nearby rooftop businesses, rejecting the businesses' request to halt construction.<p>The decision by U.S. District Judge …

Oil
Economics

Caterpillar's Terrible, Horrible, No Good, Very Bad Day

Caterpillar Inc. is about as American as you can get, except that these days it’s not, having been partially shuffled off to Switzerland. But it still must deal with the IRS, and the IRS isn’t happy with the heavy equipment maker. In fact, the IRS is trying to add $1 billion in taxes and penalties …

Finance