Super Bowl ticket sales up 91% from last year

It’s the final countdown to Super Bowl XLIX in Arizona pitting the Seattle Seahawks against the New England Patriots. As of 9am ET Monday the cheapest ticket on StubHub was selling for $4,360.50. The average price is currently $3,220. For a point of reference, last year the average cost of a ticket the weekend before […]

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Super Bowl ticket sales up 91% from last year

It’s the final countdown to Super Bowl XLIX in Arizona pitting the Seattle Seahawks against the New England Patriots. As of 9am ET Monday the cheapest ticket on StubHub was selling for $4,360.50. The average price is currently $3,220. For a point of reference, last year the average cost of a ticket the weekend before […]

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Eyes on Fed after ECB, other bank stimulus moves

By Caroline Valetkevitch NEW YORK (Reuters) – The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan. Thursday’s larger-than-expected stimulus package from the […]

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IMF’s Lagarde says reforms ‘essential’ after ECB stimulus

Washington (AFP) – International Monetary Fund chief Christine Lagarde on Thursday hailed the European Central Bank’s decision to launch a massive stimulus program, but urged eurozone authorities to undertake needed economic reforms. “The planned expansion of the ECB’s balance sheet will help lower borrowing cost across the euro area, raise inflation expectations and reduce the […]

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Oil falls again as IMF cuts forecast; Iran hints at $25 oil

By Barani Krishnan NEW YORK (Reuters) – Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action. Genscape, an analytics firm that monitors U.S. oil […]

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For U.S. stocks, investors mull a correction

By Luciana Lopez NEW YORK (Reuters) – Next week may show whether U.S. stocks are finally undergoing a long-awaited correction or if a recent run of losses are just a bump on the road to more gains. It’s been more than three years since the SP 500 (.SPX) has dropped 10 percent or more. This […]

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Oil prices to rebound: IEA

Cheap oil prices will cause production to slow this year according to the International Energy Agency. The report says production cuts will come from non-OPEC producing countries and will lead to a rebalancing of the market. The IEA, who advises 29 countries on energy policy, predicts an oil price recovery could also be on the […]

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"Disaster scenario" in focus as stocks, commodities slump

Slumping commodity prices, a disappointing U.S. retail sales number and the World Bank’s cut to its 2015 global growth forecast triggered a flight from “risk” assets Wednesday morning. In recent trading, the Dow was down nearly 1% while commodity prices hit a 12-year low as copper suffered its biggest drop in six years. On the […]

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Energy, earnings won’t save the market. This could.

Stocks fell Monday amid rising concern about falling earnings. The SP 500 and Nasdaq were each down 0.5% in recent trading. Fourth-quarter earnings season kicks off Monday with Alcoa’s release, followed by results later in the week from CSX, Intel, Schlumberger and financial giants such as JPMorgan, Citigroup, Goldman Sachs, Bank of America and Wells […]

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Brent oil slips below $50 on mounting glut, slack demand

By Simon Falush LONDON (Reuters) – Brent crude oil fell below $50 a barrel for the first time since May 2009 on Wednesday, hammered by a growing supply glut and weak global demand. The pace of global business growth eased to its weakest rate in over a year at the end of 2014, according to […]

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