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BusinessReuters•2 hours agoOil 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. Brent crude futures were up 19 cents at $48.96 a barrel by 0842 GMT, having gained 5.2 percent last week in their first weekly gain in six weeks. The eight-day climb is the longest unbroken rally since February 2012.
- BusinessThe Street•21 hours ago
Our Trips to This Whole Foods Store Were Astonishing and a Big Reminder Why Amazon Must Clean House
Whole Foods Market Inc. (WFM) touts itself as an upscale grocer, and charges the prices to prove it. It's not for nothing that its nickname is Whole Paycheck, where items can cost double the price of what's sold at Kroger (KR) or Walmart Stores Inc. (WMT) . With that in mind, you might think that the Whole Foods in Tribeca, one of New York City's priciest neighborhoods, would be a gleaming example of a premier grocer serving a largely well-to-do customer base. Here in this lower Manhattan locale, the median annual income is nearly $120,000 and median home sales go for $2.3 million, according to Point2Point Homes. Many of the neighborhood's residents are college-educated professionals. But when
- BusinessBusiness Insider•2 days ago
The coal industry is collapsing, and coal workers allege that executives are making the situation worse
What's a coal miner to do when they're laid off, leaving them without much-needed insurance or their pension? When mining companies move to new locations with cheaper coal, local residents like Lilly believe the coal companies "failed" them. In one example portrayed in the documentary, Alpha Natural Resources sent letters to 100 workers about upcoming layoffs.
