Investors trying to push the crude market higher finally gave up, triggering the biggest rout in a year on worries that high inventory levels won’t budge despite cuts. U.S. crude oil slumped below $50 a barrel on Thursday.
Wall Street marked eight years of bull market which showed no sign of letting up.
Chinese e-commerce giant Alibaba is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters’ Basis Point.
Bond guru Bill Gross told investors to not be 'allured' by the 'Trump bull market,' in case the new administration falls short on its promise to enact economy-friendly policies.