Business News

Oil Falls Off A Cliff - May Help Shoppers

The U.S. stock market closes at 10am today in a shortened holiday trading session. As oil prices plunge oil stocks are falling and airlines are soaring.

It is still 27 days till Christmas but OPEC is giving everyone an early present at the pump.  On Thursday OPEC decided not to cut oil output to support prices. Oil stands at its weakest levels since July 2010 and is headed for its steepest monthly decline since November 2008, after falling more than 15% this month. (Bloomberg)

Your Christmas tree likely will cost a little more this year. Six years of decreased demand and low prices have put many growers out of business. Growers this year will see about $20 per tree, $2 more than the last several years.  (Associated Press)

That turkey may have cost you more yesterday as production is at its lowest level in nearly three decades and wholesale prices are at an all-time high. This year's anticipated stock is 235 million turkeys — the lowest since 1986. October wholesale prices for live turkeys jumped 12% from 2013. (Associated Press)

Before the big Civil War Game on Saturday join us at 10 for a brand new edition of Financial Focus Radio.  A great way to start your holiday weekend.
 

On Air Now

Paid Program
8:00am - 9:00am
Paid Program

FlashAlert

KBND ON FACEBOOK

News Disclaimers