Business News

A Handful of Days Left

With three trading days left in 2015, the S&P 500 is basically flat, yet has paid about a 2% dividend, which means the index beat gold, which is down about 10%. The 10-year Treasury Note has had a total return of only about 1.5%. Oil is down 31%. (ftadvisors.com)
 
Grocer Whole Foods is paying $500,000 in fines and will submit to quarterly in-store audits at all New York City locations to end an investigation into overcharging for pre-packaged foods at stores. The stock is down 0.25% in early trading on the news. (CNBC)
 
Tired of low interest rates on your bank account? JPMorgan Chase will begin in January to raise deposit rates for a number of its largest customers, including most institutional clients, the Wall Street Journal reports.  When rates will begin to climb on retail accounts remains to be seen. 
 
Oregon measuring company Rentrak shareholders and are set to vote on the merger with comScore. The companies will hold special meetings on Jan. 28th. ComScore’s shareholders will own 66.5% of the combined company and Rentrak will own 33.5%. (Portland Business Journal)
 
S&P 500 is up 10 and the NASDAQ is up 26. The MSCI International Index is higher.
 
Oil is up 32 cents at $37.13 a barrel. In a sign oil prices may be lower longer; Saudi Arabia is scaling back energy and water subsidies in an effort to rein in a $98 billion budget deficit resulting from low oil prices. (FT)  
 

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