Markets and the Middle East: A look at Gold, Oil, and Student Debt

BREAKING: Boeing 737 Jet Crashes in Iran due to technical issues after takeoff. Source (ISNA) Oil Stuff & The Middle East At least two airbases housing US troops in Iraq have been hit by more than a dozen ballistic missiles. Iranian state TV says the attack is a direct retaliation to the US killing top commander Qasem Soleimani. Presently, it’s unclear whether there are any casualties.

Monday Recap: Breakups are Hard

2 fatal plane crashes and 346 lives. That’s what it took for Boeing to admit that things weren’t going so well after all. The firm announced on Monday that it would suspend production of its 737 Max Jetliner. The firm will halt production in January.

Wednesday Recap: Going Steady

The Fed left interest rates unchanged on Wednesday, and chairman Powell reinstated his belief that the labour market can improve further despite unemployment being at a half-century low. “Even though we’re at 3.5% unemployment, there’s actually more slack out there,” Powell said. “And the risks of using an accommodative monetary policy’’ to boost the labour market are “relatively low.’’

Tuesday Recap: Trade Talks, NAFTA, and Chevron

Trade Talks So here’s the thing: I think we’re in a classic game of Russian roulette. At this point in trade talks its really a matter of time before China and US finally admit to each other that they would rather engage in what is clearly a patter of self-destructive behaviour than come to a mutual agreement about any deal that might be on the table.

Thursday Recap: No Rate Cut for India & Aramco’s IPO

Aramco IPO is here The oil-producing giant has priced its initial public offering at the high end of the target range to give it a total valuation of $1.7 trillion. 3 billion shares will be sold, which means investors will have the opportunity to buy a grand total of - wait for it - 1.5% stake of the company. On the Saudi Exchange, the high of the valuation target is 32 Saudi Riyals, ($8.53), a total offering of $25.6 billion.