Tag Archives: plunge

Health-care stocks plunge as uncertainty rises on Obamacare, Congress threatens action on drug prices

Health-care stocks were poised to end the week in the red Friday after lawmakers on Capitol Hill threatened to write new laws tightening control over the nation’s largest pharmacy benefit mangers to curb skyrocketing drug costs. The Trump administration’s legal challenge to former President Barack Obama’s signature health insurance law, the Affordable Care Act, and Sen. Bernie Sanders’ new “Medicare for All” bill ... Read More »

Oil price plunge isn’t all good news for the economy

The recent plunge in oil prices should be — mostly — good for the U.S. economy. Cheaper fuel brings big savings for consumers and businesses — several hundred billion dollars since prices crashed from more than $100 a barrel to less than $30. Gasoline, diesel and heating oil make up about two-thirds of the roughly 20 million barrels of oil ... Read More »

Oil price plunge isn’t all good news for the economy

[“source -pcworld”] The recent plunge in oil prices should be — mostly — good for the U.S. economy. Cheaper fuel brings big savings for consumers and businesses — several hundred billion dollars since prices crashed from more than $100 a barrel to less than $30. Gasoline, diesel and heating oil make up about two-thirds of the roughly 20 million barrels ... Read More »

Morgan Stanley sees big plunge in Treasury yields

If early returns hold, 2016 is shaping up as another year where the bond market’s demise has been greatly exaggerated. Numerous forecasts around Wall Street warned investors away from fixed income, particularly longer duration U.S. government issues. The thinking was that the Fed’s rate-hiking trajectory would push up Treasury yields, eroding prices and sending investors to bond-like equities. That theory ... Read More »