The Organization of the Petroleum Exporting Countries and its allies are closing in on an agreement to modestly boost their collective oil output by as much as 500,000 barrels a day starting next month, people familiar with the matter said. The agreement would mark a compromise among some of the world’s biggest producers as theyContinue reading “OPEC, Allies Near Agreement for Small Production Increase”
Daily Archives: December 3, 2020
Many Companies Turn 401(k) Retirement Contributions Back On
More companies that cut the contributions they made to employees’ 401(k) retirement plans earlier this year are reversing course as their businesses rebound and a Covid-19 vaccine is on the horizon. Source: WSJ
The Market Should Worry About 2022, Not 2021
Amid a wave of optimism in financial markets, investors can relax about the expected profit rebound in 2021. They might worry more about 2022. Even as Western nations struggle to contain another jump in Covid-19 infections, most S&P 500 sectors are now up year-to-date. Yet equities didn’t get much of a boost Wednesday when the U.K.Continue reading “The Market Should Worry About 2022, Not 2021”
