One day after Saudi Arabia declared "war" on U.S. crude oil producers by lowering prices in an attempt to dump cheap crude in the United States market, the White House and private oil companies responded.
As crude oil prices tried to bounce back from a five-year low, oil companies and OPEC try to adjust to low oil prices. BP earnings kicked off the big oil earnings season and they could have been worse.
A new investment strategy is shaking up the sports world, and could change the future of investing if the trend accelerates. It’s called Fantex, an online brokerage that allows investors the chance to profit directly from the multi-million dollar contract of today’s biggest NFL stars. This month, we break down the profit potential and the risk management issues in this new phenomenon.