 | | | | The latest collapse in oil prices has proved some investors right in their lack of confidence in energy stocks this year. | | | | | | North American oil producers that have been increasing spending to take advantage of this year's higher prices will dial back as November's reversal fuels worries about a 2019 surplus, energy executives say. | | | | | | U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. | | | | | | Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output. | | | | | | Shoppers across the United States snapped up deep discounts on toys, clothing and electronics both online and at stores on Black Friday, giving retailers a strong start to their make-or-break holiday season. | | | | | | Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. | | | | | | Investors would normally be thankful for a strong U.S. economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal. | | | | | | China's BYD Co Ltd has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said. | | | | | | The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires. | | | | | | U.S. officials and German carmakers are preparing for a meeting of the chief executives of Volkswagen , BMW and Daimler with the Trump administration in the coming weeks, sources close to the matter said. | | | | | |
