Trump's Claim of 'Oil All Over the Place' Isn't True Anymore

Oil inventories in developed nations are just 30 million barrels above their five-year average, the measure that OPEC is using to gauge whether markets are balanced, the Paris-based International Energy Agency said in its latest market report this month. That's down from more than 300 million barrels
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During ULI's May 1-3 conference at Cobo Center, organizers plan to showcase what's working in Detroit to bring to market difficult-to-finance residential and commercial real estate projects, while highlighting new projects that are starting to break ground downtown and in the city's neighborhoods.
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Wells Fargo will pay $1 billion to settle federal charges into consumer abuses related to its auto lending and mortgage businesses, the U.S. government said Friday. Wells Fargo violated the Consumer Financial Protection Act “in the way it administered a mandatory insurance program related to its auto
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The report projects lending to grow by nearly 27% by the end of 2022. Sensing the opportunities in the UK mortgage advice market, key players have started to invest in online consulting services. Incorporation of clear video calling services have made it possible for players to communicate effectively
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A new study finds that Miami-Dade County, Fla. single-family homes closer to sea level are appreciating slower than homes at higher elevations, The Wall Street Journal's Laura Kusisto and Arian Campo-Flores report. The report was authored by Jesse Keenan, a real-estate professor at Harvard
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Two government agencies — the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency — have had Wells Fargo under a microscope since it revealed that it had sold insurance to some auto loan customers without their knowledge. The action reportedly pushed
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William Hardin, director of FIU Business' Hollo School of Real Estate, has been awarded the David Ricardo Medal, the highest recognition by the American Real Estate Society (ARES). The award recognizes a person who has created a significant body of published research in academic and refereed
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Tishman Speyer has closed on a series of transactions securing all of the necessary financing for the project: a $1.8 billion construction financing from Blackstone Mortgage Trust, a publicly-traded affiliate of The Blackstone Group, and $1.9 billion equity from Tishman Speyer and various institutional,
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Still, it wasn't all bad news for Apple. Morgan Stanley's Huberty also said to buy any dip in shares after second-quarter results, scheduled May 1, as the company will likely accelerate its capital return program. And Apple has other levers to pull, Bank of America Merrill Lynch analyst Wamsi Mohan said in
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NEW YORK — Wells Fargo will pay US$1 billion to federal regulators to settle charges tied to its mortgage and auto lending business, the latest chapter in years-long, wide-ranging scandal at the banking giant. However, it appears that none of the US$1 billion will go directly to the victims of Wells Fargo's
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Procter & Gamble Co., one of world's biggest advertisers, kept its ads off YouTube for more than a year because of concerns about inappropriate content. Now it's returning to the video site, but a lot more selectively than before. The consumer-goods giant told its brands this week they can buy spots on
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New York (AP) — Avicii, the Grammy-nominated electronic dance DJ who performed sold-out concerts for feverish fans around the world and also had massive success on U.S. pop radio, died Friday. He was 28. Publicist Diana Baron said in a statement that the Swedish performer, born Tim Bergling,
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Levels this week came close to their tightest since the financial crisis, according to Bloomberg Barclays index data. The debt has gained 0.24 percent in 2018 through Thursday, after having been down for much of the year. New sales from insurance brokerage Hub International Ltd. and chemical
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… leaving scraps for other smartphone makers. Either way, Bank of America Merill Lynch analyst Wamsi Mohan told investors on Thursday that the “magnitude” of weaker iPhone sales during the quarter “could be surprising to some.” Apple did not immediately respond to a Fortune request for comment
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More than 12,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day today. Bankers will teach students the fundamentals of financial literacy, including the basics of saving, how to create a budget and how to distinguish wants from
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Lennox International Inc. (LII) STOCK PRICE MOVEMENT: VOLATILITY FACTOR: The stock remained 2.36% volatile in recent week and indicated 2.45% volatility in last month. The Company's beta coefficient sits at 1.18. Beta factor measures the amount of market risk associated with market trade.
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A new study finds there has been a rise in the number of wealthy households renting in the Chicago area even as the overall rental market has cooled. The percentage of renters rose from 37.7 percent in 2007 to 44.2 percent in 2015, according to the report from DePaul University's Institute of Housing
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Law360 (April 20, 2018, 10:11 AM EDT) — Wells Fargo must pay $1 billion to settle government claims stemming from investigations into improper practices in its auto lending and mortgage divisions, the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency said Friday.
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A nurse gave tearful testimony on Thursday about losing her home after taking advice from Westpac Banking, while lawyers presented evidence that Commonwealth Bank of Australia, the country's biggest bank, knowingly charged dead clients for counsel for years. But the revelations about AMP for the
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Wells Fargo on Friday agreed to pay a $1 billion fine to end a federal probe into whether it systematically ripped off mortgage and auto loan customers going back to at least 2005. The fine, levied by the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, is the
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