Rainy today. Stocks pushed down by tumbling Energy Prices which neared fresh sixyear lows by the end of the session. Global supplies outstripped demand and just today Goldman Sachs last forecast on oil calling for further declines in the prices in the year ahead. At the nymex today, domestic Oil Prices Fell another 4 . Down 2. 29 a barrel. Closing at 46. The lowest since april of 2009. Foreign brent crude was down even more falling 2. 68 a barrel. The lowest since march of 09. With oil prices in freefall, many are asking not just how low can oil go but how low is too low. Jackie dangelis has more. Reporter the crude crash continues with no end in sight. Prices on both sides of the atlantic now under 50 a barrel. While cheap crude means consumers could save 50 to 75 billion on gas this year according to aaa, many are wondering how low is too low for oil. The Tipping Point where the drag on the economy outweighs the pickup in consumer spending. Were in the beginning part of the price zon
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The Federal Reserve meeting this week. Stocks notched up slightly and helped by all those mergers and the fact that Oil Prices Held steady at 106 a barrel, despite concerns about fighting in iraq. Heres how things looked at the closing bell. The s p 500 added one points. It was metronics buyout of rival medical device maker covidion that had wall street buzzing today. Shares shot up more than 20 on the takeover news while shares were down 1 . Whats behind the deal and whether there will be more. Metronics acquisition of covidion is part of two trends sweeping the industry. The deal will enable metronics to reincorporate on the emerald isle and benefit from the lower tax rate there. A strategy employed by Many Health Care companies over recent years. Including pfizer, in its failed attempt to bias electra zeneca. The rational is one of simply to secure a lower Corporate Tax rate. You generate higher level of earnings power, and any future deals with a lower tax rate if you look back int
People who cant exercise in other for the future, as he looks forward going . To becoming a father. Ways who use their pools to all laughter three times a week, its important im not doing until 2pm, ive come for them physical and Mental Health to get back into swimming. I would in early to start now. Who did your todayis like one of those pools in my back hair . The council im very today is better than yesterday, garden i was genuinely mesmerised by watching his swimming. More another day of bright spells, sunshine and showers, some will be fortunate. I never used to visit later. At the other end of the pool heavy but in the south, more cloud make up that often anyway. My hair and some rain. Ill have all the there is a jacuzzi section sally, is dead simple. But some of the details at 6 27am. Girls, they are going to struggle. Its tuesday, 30thjune. Our top story thanks very much thats the dream, it has got to be a nightmare for tighter coronavirus restrictions are being imposed in leic