More From Mike Obel
Panicky Investors Drive Swiss Bond Yield Into Negative Territory, Send Gold Soaring
Not only are investors bidding up the price of the Swiss government’s ultra-secure long bonds, but gold prices are soaring.
Jun 16, 2016
Trump Flip-Flop On Taxing The Wealthy, Now Says The Rich May Have To Pay More
Presumptive Republican nominee Donald Trump also appeared to walk back his earlier opposition to a higher minimum wage.
May 08, 2016
Pilatus Aircraft Reports Global Orders More Than Doubled Last Year
However, the Swiss manufacturer’s heavy investment in developing its first business jet weighed on financial results.
Apr 05, 2016
Glenn Frey, Co-founder Of The Eagles, Dies At 67
The rocker co-founded the iconic Eagles in 1971 with Don Henley, Bernie Leadon and Randy Meisner.
Jan 18, 2016
Rep. Michael Grimm, R-NY, To Resign After Guilty Plea In Felony Case: Report
Rep. Michael Grimm, R-N.Y., had said he'd stay in Congress even after pleading guilty to a felony charge, but he'll reportedly resign.
Dec 29, 2014
Oil Sands Investment In Alberta, Canada, Expected To Surge In Next 24 Years - Study
The Canadian Energy Research Institute estimates the increased investment will boost provincial employment by 75 percent.
Nov 11, 2014
Moody's Downgrades Russia's Sovereign Debt Rating, Outlook Remains Negative
The credit of Russia's government is hovering just above "junk" status as rich Russians dump the ruble for stronger currencies.
Oct 17, 2014
Alibaba IPO: Everything You Need To Know About What Is Expected To Be Largest IPO
You could practically measure Alibaba's Friday IPO on the Richter scale, as it's the biggest in history.
Sep 19, 2014
Starbucks Q2 Earnings Up More Than Expected After Its Higher Prices Offset Costlier Coffee Beans
The coffee retailing giant expects more of the same, boosting its earnings estimates for the next quarter and the full year.
Jul 24, 2014
Ukraine Scrambles Fighter Jets Against Pro-Russian Separatist Rebels As They Resume Deadly Missile Attacks
At least two Ukrainian soldiers were killed and about 20 injured on Saturday by rebel missile attacks.
Jul 12, 2014
Al-Jazeera Journalist Peter Greste, Sentenced To Prison By Egyptian Government, Is An Award-Winning International Journalist
Peter Greste, who holds dual Australian and Latvian citizenship, won a prestigious Peabody Award in 2011.
Jun 23, 2014
Ayatollah Ali Sistani, Iraq's Highest-Ranking Shia Cleric, Issues Fatwa For Shias To Fight ISIS
The cleric's fatwa underscores the desperation of Baghdad's fight against the encroaching Islamic State of Iraq and Syria (ISIS).
Jun 13, 2014
Amaya Gaming To Pay $4.9B For Owner Of World's Largest Poker Business, Plus PokerStars, Full Tilt Poker Brands
The deal is expected to return the Montreal-area company to the U.S. market.
Jun 13, 2014
Bowe Bergdahl Back In US, Expected To Be Reunited With His Parents At San Antonio Medical Facility
The Army did not disclose how long the sergeant would remain at the military's San Antonio medical facility.
Jun 13, 2014
US Stocks On Cusp Of Correction, Or Bear Market, As Fed Closes Its Monetary Open Bar
The losses that started Thursday are the start of a trip south for stock investors.
May 16, 2014
Bayer Paying $14.2 Billion To Buy Consumer Care Business Of Merck; Both Companies To Collaborate On Developing, Marketing New Drugs
The definitive agreement comes as pharmaceutical companies struggle against the growing market share of generic medicines.
May 06, 2014
Target (TGT) CEO Gregg Steinhafel Resigns, At Helm When Cyber Attack Last Year Led To Theft Of At Least 40 Million Payment Card Numbers
The longtime CEO held himself personally accountable for the massive data breach, the company said.
May 05, 2014
Philip Saliba, Head Of Major Eastern Orthodox Church In North America, Dies After Leading It For 50 Years
Philip Saliba turned a small and largely Arab-speaking church into a major and genuinely diverse North American denomination of eastern Orthodox Christians.
Mar 20, 2014
Barclays (BARC) To Lay Off Thousands In Massive Overhaul Of Giant Investment Bank: Report
But a compelling question remains: will the overhaul and sweeping layoffs satisfy the bank's restive shareholders?
Mar 13, 2014
Ukraine's Financial Challenge Is As Critical As Its Political Challenge: Without A Quick, Massive Cash Infusion, Ukraine Could Default On Its Debt
For the Kremlin, it's a question of what's worse: a failed state on its doorstep or a going concern that's independent of Moscow.
Feb 26, 2014
CHART: Frontier Market Currencies 'Significantly Overvalued," Says Bank Of America Merrill Lynch
And you'll never guess where the biggest overvaluation exists, which ran current account deficits of 12 percent to 40 percent of GDP.
Feb 25, 2014
Italian Courts Are The Slowest In Europe When It Comes To Enforcing Contracts -- IMF
Amanda Knox isn't the only one who has run into serious trouble with Italy's legal system.
Feb 13, 2014
Congressional Black Caucus Urges EPA To Roll Back Amount of Ethanol That Must Be Blended Into Nation's Gasoline, Food Price Worries Cited
One of the country's most powerful civil rights groups joins opponents of Washington's long-time policy mandating ethanol use by motorists.
Jan 30, 2014
Copper Prices May Be On The Rise, In Sharp Contrast To The Other Much Duller Commodities Markets
Quick: Name one commodity enjoying rising demand, flattening production and tightening inventories?
Jan 29, 2014
Argentina Peso Falls Through The Floor As Central Bank Gives Up Support; Inflation, Recession Set To Engulf Economy
The peso fell hard Thursday, in its steepest loss in more than 10 years. Will the free fall continue?
Jan 23, 2014
Dow Chemical (DOW) Should Sell Upstream, Downstream Petrochemical Operations, Says Third Point's Dan Loeb, Who Has Bought Up DOW Shares
Wall Street is rejecting the rationale for vertical integration in light of Dow Chemical's falling feedstock costs.
Jan 21, 2014
World's 85 Richest People Own As Much As World's Poorest 3.5 Billion People: Oxfam
What's more, the global wealth disparity is probably greater than you think.
Jan 20, 2014
Best Buy Reports (BBY) Awful Holiday Sales, Cuts Q4 Income Estimate, Investors Hammer Shares
The struggling electronics retailer cut its fourth-quarter earnings forecast, due to price pressure, among other factors.
Jan 16, 2014
Ariel Sharon, Former Israeli Prime Minister, Dies At Age 85 After Eight Years In A Coma
He was Israel's last surviving leader from the generation that founded the Jewish state in 1948.
Jan 11, 2014
Spanish Stocks Red Hot As IBEX Outperforms Other Regional Bourses, Growth Of Nation's Manufacturing Sector Boosts Confidence
Investors are pouring into Spanish stocks as the nation's economy appears to be finally turning a corner.
Jan 07, 2014
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