Oil companies brace for defaults

The low oil prices are leaving many oil and gas companies with difficult debt loads. So what’s causing them? It’s the low oil prices. The strain on the oil patch comes after years of borrowing heavily at the start of the domestic energy renaissance. At this time, oil was hovering…

Traders will be listening to Thursday, will you?

A half-dozen Fed speakers and a bit of  fresh jobs data could create some waves for markets when bond traders return to their desks onThursday. One of the first up will be Fed Chair Janet Yellen, she’ll make welcoming remarks at a Fed conference on post-crisis monetary policy in Washington at 9:30…

Alibaba poised to climb even higher

You may not have heard of it but Singles’ Day which was started in the 1990s and was commercialized by Chinese e-tailer Alibaba back in 2009 — is the biggest shopping day in the world. However many don’t even know about it. The day has become not only the world’s largest…

Lockheed wins $969 million contract

WASHINGTON (Reuters) The Lockheed Martin Corp has been awarded a contract worth nearly $969 million to build 17 C-130J military transport aircraft, according to the Pentagon on Tuesday. The aircraft is expected to be completed by April 2020, the Department of Defense said in its daily digest of major contract awards….

Apple cuts orders to create recovery

Apple chip suppliers tumbled Today on Wall Street after the iPhone 6S maker reportedly cut its November orders by about 10% to orders because of waning Asian demand for the phone. Although many expected them to make the cuts, they were “sooner and much deeper” than anticipated. Most expected it to…

Why unemployment is getting tricky

If you are not employed, you may be better off just holding out for a job that meets your qualifications. However the truth for 1,000’s of American’s is just the opposite. Why would you be better off staying unemployed until you can find a job as good as your previous one?…

Monster has eyes on China for 2016

Monster Beverage Company announced onThursday that it plans to break into the Chinese market during the first half of 2016, as a distribution deal with Coca-Cola that pushes its energy drinks to many more markets around the world gets started. At this time, Monster has an agreement with Coca-Cola or…

Walgreens adds Apple Pay to payment choices

Since there is no loyalty program tied to Apple Pay, it has kept the brakes on the rollout of Apple‘s (NASDAQ:AAPL) mobile payment system. However this week Walgreens Boots Alliance‘s (NASDAQ:WBA) has become the first retailer to use Apple Pay within their customer loyalty rewards program. Walgreens’ has over 85 million…

Here’s why we love Apple

It’s clear that even when it seems Apple is down, it won’t stay that way for long. Apple stock hit its highest level since late July on Wednesday. Shares are now up 12% this year which has investors smiling. That’s honestly a huge turnaround in a short period of time. Even…

Will pre-Black Friday sales boost holiday retail for Amazon?

Amazon wants you too shop with them this holiday season. Free two-day shipping and unlimited access to streaming movies and TV shows isn’t enough to make you upgrade to an Amazon Prime subscriber, the online retailer just added one more perk: A 30-minute head start on the general public for…