Gas Prices Fall Below $58 a Barrel, Sending Stocks Lower

Weekly Wrap Up

Many investors are wondering if the end of the bull market is near as the Dow Jones fell 315 points on Friday, closing out one of its worst weeks in 3 years. The stocks continue to be dragged down by the falling gas prices, crude oil is now below $58 a barrel. While consumers are happy with the falling gas prices and having a little extra money, it is worrying investors because oil companies have already begun announcing plans to cut thousands of jobs due to the depressed oil market.

Ford (F) announced this week that they were upgrading their Sync infotainment system, thus ending their partnership with Microsoft (MSFT). BlackBerry (BBRY) will be taking over and Sync 3 will be available on model 2016 cars.
Today, Google (GOOG) pulled Amazon's (AMZN) app from its Play Store. Beginning in September, Amazon began allowing customers to download apps with its application, thus creating its own app store, and greatly upsetting Google.

Economic News

Slide Show: 4 Reasons Collapsing Oil Prices are Rattling Stocks
Falling oil prices are usually a cause for cheer. But the speed of crude’s fall is starting to unnerve investors. Here are the biggest worries. (Source: Market Watch) Click here to read the full article

Americans are 40% Poorer Than Before the Recession 
The Great Recession is officially over, but Americans are still 40% poorer today than they were in 2007, the year before the global financial crisis. (Source: Market Watch) Click here to read the full article

Business News

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. (Source: InvestorGuide) Click here to read the full article

SeaWorld Dumps its CEO: Don't Just Blame Blackfish
Soon after the news hit this afternoon that Jim Atchison, chief executive officer of SeaWorld Entertainment, lost his job effective Jan. 15, 2015, animal activists took to Twitter to gloat. (Source: Yahoo Finance) Click here to read the full article

McDonald's to Eliminate Eight Menu Items
McDonald's is sending eight items to the chopping block and maybe even getting rid of some ingredients, as the fast-food chain tries to revamp its supersize-me reputation. (Source: USA Today) Click here to read the full article

Technology Focus

Ford Dumps Microsoft for BlackBerry 
Ford upgrades Sync system that spanned customer complaints, replacing Microsoft operating system with one from Blackberry. (Source: CNN) Click here to read the full article

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. (Source: InvestorGuide) Click here to read the full article

Your Money

50 Ways to Improve Your Finances in 2015
The new year is the perfect time to hit "refresh" on your finances. (Source: Yahoo Finance) Click here to read the full article

Money To-Dos for Your 20s, 30s, 40s and 50s
They say wisdom comes with age--but it's never too early (or late!) to start making smart money moves. (Source: Huffington Post) Click here to read the full article

Published on Dec 12, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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