That new car smell is out of reach for many Americans
Median-income households in most major metro areas scan't afford a new-car loan in their budgets.
S&P 500; US Indexes Fundamental Daily Forecast – Rising Crude Oil Prices Could Underpin Energy Sector
U.S. stock index futures are trading higher in reaction to firmer markets in Asia and Europe. Asian markets are trading slightly better in reaction to positive economic data out of China and Japan. European markets are following through to the upside after posting solid gains last quarter. Helping to support the Asian stock indexes was … Continue reading S&P 500; US Indexes Fundamental Daily Forecast – Rising Crude Oil Prices Could Underpin Energy Sector
Adidas and the ‘Kanye Effect’ is the hottest debate in the sneaker world
Can Kanye West save Adidas? If you ask so-called “sneakerheads,” the devoted shoe collectors, the answer is yes. But Adidas executives, and some analysts, are more hesitant to put the company's recent success on West's shoulders. Yahoo Finance reporter Dan Roberts and Justine Underhill discuss.
Gold hits seven-week low as dollar firms, Treasury yields climb
Gold slid to a seven-week low on Monday as the dollar pared losses after its worst quarterly performance in seven years and 10-year U.S. Treasury yields climbed, weighing on appetite for non-interest bearing bullion. Gold ended June with its first monthly loss of the year after the strength it saw in early 2017 ran out of steam in the second quarter, dampened by a rise in bond yields. Spot gold was down 0.5 percent at $1,235.26 an ounce at 0935 GMT, while U.S. gold futures for August delivery were up $7.40 an ounce at $1,234.90.
Tesla’s Musk says Model 3 gets regulatory nod for production
"(Model 3) Production grows exponentially, so Aug should be 100 cars and Sept above 1,500," Musk said on Twitter. "Expecting to complete SN1 on Friday," Musk added. SN1 is the first car off assembly line for sale, a person familiar with the matter confirmed to Reuters.
Oil stages longest rally since 2012, OPEC output may cap gains
Oil prices rose for an eighth day on Monday, their longest rally in over five years after data pointed to moderating U.S. output, but analysts said news of rising OPEC production could temper gains. U.S. crude futures rose 23 cents to $46.27 per barrel, following last week's 7-percent gain. Drilling activity for new oil production in the United States fell for the first time since January, dropping by two rigs, while U.S. government data showed crude output fell in April for the first time this year.
China and Hong Kong launch bond connect scheme
CNBC's Emily Tan reports from the Hong Kong Stock Exchange on a scheme which will allow foreign investors to access the third largest bond market in the world.