Michael Lee

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Oil drops after rise in supplies, Fed news

NEW YORK (MarketWatch) — Crude-oil futures dropped Wednesday after a weekly supply report showed a surprise gain and following a much-awaited Federal …

Oil

"Gold: Dead Cat or Raging Bull?": Conference webinar featuring Eric Sprott this month

With gold prices on the decline, traders and analysts everywhere have been quick to make predictions about the yellow metal, whose dynamics have …

Japan blue-chip stocks edge lower in early trade

HONG KONG (MarketWatch) -- Japanese stocks edged mostly lower Monday, reflecting caution after a weak finish on Wall Street Friday and ahead of the …

Stock Markets

The Weekend Is Over, And Japan Is Falling Again

Korea's Kospi is up modestly.<p>Japan's Nikkei is down 0.8%. While this looks like a big number, the degree of volatility is much lower than we've scene in recent trading sessions.<p>The big event this week is the Federal Reserve's FOMC meeting where Chairman Ben Bernanke will update the world on …

Interest Rates

Economics 101

The economy is all over the news. But do you really know how our nation's economy works or <b>how it affects your pocketbook?</b><p>We've pulled together a …

Economics

Groupon’s gains stand out as most techs fall

SAN FRANCISCO (MarketWatch) — While Groupon Inc. shares scored big gains Friday after a Deutsche Bank analyst raised his rating on the online daily …

Deutsche Bank

How Commodity Demand Evolves When Emerging Markets Mature

Emerging markets build more and developed markets eat more. That seems to be a universal truth in this world.<p>Here's some commentary from Societe Generale's new Global Economic Outlook report:<p>...Urbanization usually comes with economic development and commodity intensity evolves with economic …

Stock Markets

How China’s solar boom fizzled and went bust

If one city epitomizes China’s role as cheap manufacturer for the world, it’s Wuxi, a sprawling metropolis of more than 4.5 million people a short bullet-train ride northwest of Shanghai. Out beyond the old town, with its ancient temples and canals, much of modern Wuxi is a massive industrial park, …

Solar Power

MySpace Co-Founder’s Games Company Acquires Former Zynga Partner

Mobile-social games company SGN, founded by MySpace cofounder Chris DeWolfe, has acquired another independent studio, Mob Science, the companies …

With Waze, Google Signals Arrival Of New Business Model

Google‘s purchase of Waze has gripped commentators who see it as a defensive move against Facebook or Apple. But as I wrote earlier it is actually a move deeper into the crowd and we need to reflect on that broader significance.<p>With the Waze purchase, Google has given a major endorsement to crowd …

US Oil Demand Has Peaked And Oil Markets Don't Care [CHART]

There are lots of reasons for Americans to use less oil.<p>They'll improve the environment.<p>If it involves driving less, they'll save lives.<p>And in the long run, they'll save money.<p>But a collective reduction in fuel use is not yet enough to put a long-term dent in global oil prices.<p>Here's a chart from …

Oil

STOCKS TUMBLE AS YEN SURGES: Here's What You Need To Know

First, the scoreboard:<p>Dow Jones: 15,069.64, -106.44, (-0.70%)<p>S&P 500: 1,626.67, -9.69, (-0.59%)<p>Nasdaq: 3,423.56, -21.81, (-0.63%)<p>And now, the top stories:<p>This morning, we got weaker-than-expected economic data reports on May industrial production and June consumer confidence out of the United …

Stock Markets

Housing Market Watchers Edgy As Mortgage Rates Keep Climbing

Mortgage rates have seen a relatively sharp rise this month. The average 30-year fixed-rate loan hit 4 percent earlier in June — a big jump from the record lows of recent years. Some investors are now concerned that the housing recovery could be stifled if rates continue to rise quickly.<p>Notes<p>June …

Facebook Reaches Agreement With Feds to Allow Data Request Disclosures

After intense discussions and at the urging of Facebook, Google and other Silicon Valley giants, the U.S. Government will allow Facebook and other …

IMF Says Sequester Hurting U.S. Economy, Delaying Recovery

As much as half of U.S. economic growth this year has been slashed due to tax increases and indiscriminate federal spending cuts known as sequestration, according to a sobering new forecast by the International Monetary Fund, which urged lawmakers to repeal the cuts.<p>Risks to U.S. growth are …

10 things estate sales won’t tell you

<b>1. “Anybody can do this job.”</b><p>The liquidation business is driven by the four d’s: downsizing, death, divorce and debt. With about 10,000 Americans …

Divorce