Russia’s Novak says premature to extend global oil deal, market is being balanced

It is premature to decide on extending the global deal to reduce oil production as the oil market has been rebalancing, Russian Energy Minister Alexander Novak said on Thursday, according to the ministry’s Twitter feed. He also said that if the market struggles...

Toys R Us isn’t the only retailer that needs stellar holiday toy sales

It’s only just September, but toy retailers are already gearing up for their busiest time of year. This week brought the top toy lists from Wal-Mart, Target and Toys R Us — some of the biggest names in the business. With chatter building around the...

Investing defensively right now will leave you with nothing, asset manager warns

Remaining too cautious on your investments could leave your portfolio subject to the dangers of inflation, an investment manager has warned. Even as both interest rates and inflation sit at record low levels in U.S. and European economies, Chris Wyllie, chief...

Gold could soon hit $1,400, but downside risks remain, strategists warn

Goldbroke above $1,300 last week and is on a steady rise as tensions continue to rise between North Korea and the U.S. Some market experts now predict the precious metal could strengthen further. “There is a combination of events driving gold higher, including...

Richard Branson holes up in wine cellar as Hurricane Irma batters his home

Richard Branson rode out Hurricane Irma by hunkering down in his wine cellar as the category 5 storm ripped through his private island. The Virgin boss had insisted on remaining on the island but took to the concrete shelter with his family and staff Wednesday when...

Activist investor Nelson Peltz proposes shake-up of P&G’s structure and strategy

Activist investor Trian Partners on Wednesday released its long-awaited plan to boost shares of Procter & Gamble, detailing changes intended to streamline and rejuvenate the maker of Crest toothpaste, Tide laundry detergent and Pampers diapers. The release of the...