The Traderszone Network

With the OPEC meeting having started a little under two hours ago, it appears that the premature optimism raised yesterday about yet another imminent production freeze deal may have been mostly hot air. Indeed, yesterday’s bounceback in oil was driven by the various reports of a potential reintroduction of a ceiling on production after the previous ceiling was scrapped in December. The WSJ ran a story suggesting that the willingness is shared by Saudi Arabia as well as smaller producers in Nigeria, Qatar, Algeria and Venezuela.

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Whole Foods surged as much as 5.5% Wednesday, reaching a session high of $34.13 after Credit Suisse analysts raised the rating on WFM stock.

Resale prices show 2016 could be one of the most expensive NBA Finals to attend yet
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Sargent’s resignation is driven by the failed $6.3 billion merger with smaller competitor Office Depot.

The auto giant said it sold 235,997 vehicles in May, marking a 6% decline year-over-year and missing analysts’ estimates.

What does one hundred trillion dollars buy you?

How about a mansion in every country, an airplane at every airport and a private island in every ocean?

How about 3 eggs?

When Zimbabwe issued its infamous 100 000 000 000 000 dollar bill, it could buy 3 eggs on the day it was issued. A few days later, it could only buy one egg.

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HSBC cuts senior investment bankers; Michelson regrets palling around with insider trader; Chinese city creates female-only parking spaces for unskilled women drivers; and more.