Next Domino To Fall: Inventory Glut Plagues US Auto Sector, New Prices Plunge In July

Exchange-traded funds with exposure to the oil sector remained under pressure Monday as oil [CLM20] looked to be on track for the second-worst decline.....»»

Sales of previously owned homes in the U.S. declined for a fourth straight month in July, as rising prices and limited inventory of affordable housing continued to sideline buyers despite solid economic growth......»»

Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world's biggest producer, stoked worries about oversupply......»»

Bitcoin prices on Sunday afternoon are in free fall anew, with the world's No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector......»»

Bitcoin prices on Sunday midday are in free fall anew, with the world's No.1 crypto spiraling down more than 50% from a peak in around the middle of April, amid another bout of turbulence in the digital-asset sector......»»

Oil prices head lower on Wednesday, with gasoline futures leading the losses in the sector as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories......»»

Bitcoin prices come under pressure Thursday, and the world's No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst......»»

The Energy Information Administration reported Wednesday morning that U.S. crude inventories fell by 562,000 barrels for the week ended Dec. 18. That compared with the average decline of 4.7 million barrels forecast by analysts polled by S&P Glo.....»»

One of the oil market’s big problems is its dependence on countries hardwired for higher prices......»»

Oil prices slipped more than 1% on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic cancelled out support from supply cuts at some of the world's top producers......»»

Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns.....»»

Oil prices opened about 1% lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to ease lockdowns......»»

Desperate Auto Dealers Betting Big On Discounts To Help Move Inventory We have been extensively documenting the growing auto industry glut that literally has ports so full that they are keeping ships at sea because they c.....»»

Gold prices edge lower Wednesday as the U.S. dollar strengthens above a key point, creating some headwinds for bullion......»»

Oil prices fell on Monday on worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease, amid a fresh spat between the United States and China over the origin of the virus......»»

Oil prices fell on Monday, paring last week's gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease......»»

SUVs Are Being Parked In The Middle Of The Ocean As Auto Inventory Crisis Deepens What happens when you have an auto glut that simply won't go away? What do you do with all of those unsold cars? It's a question we fir.....»»

U.S. oil and gas company ConocoPhillips reported a 58% plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices......»»

Another big fall in oil prices dragged hordes of petrocurrencies under on Tuesday but even an HSBC warning of mounting bad credit and a near 80% plunge in BP's profits could not keep stock markets down for long......»»

Oilfield firm Baker Hughes Co on Wednesday reported a $10 billion first-quarter loss and revenue fell more than expected as an 80% plunge in oil prices crushed demand for services and equipment......»»