Falling oil prices are now officially costing jobs
Friday's Breakfast with Benjamin covers oilfield job cuts coming hard and fast now that the oil boom is sinking. Plus: Ohio-based financial adviser charged in Ponzi scheme, movie industry hopes the Oscar nominees can drive ticket sales, and the time might be perfect to start buying stocks.
- Oilfield job cuts are coming hard and fast as the U.S. oil boom sinks along with oil prices. Schlumberger cuts 9,000 workers
- An Ohio-based financial adviser has been indicted for a $5.5 million hedge fund Ponzi scheme involving 19 investors. Of the $7 million invested, the adviser allegedly lost $5.5 million
- While 2014 was the worst year for movie theaters since 1995, the question now is whether the list of Oscar nominees will provide any help for Hollywood-related stocks. Nominations have historically boosted ticket sales by 30% or more
- Has the stock market been so brutal in 2015 that it’s now in value range? At least one market technician thinks so. The market has a tendency over the past 40 years to pull back during the first half of January, before launching the next rally
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