Oil prices climb as OPEC extends cuts, but demand worries persist

SINGAPORE (Reuters) – Oil gained on Tuesday as producer club OPEC agreed to extend supply cuts until next March, although prices were pressured by worries demand could ease amid hints of a slowdown in the global economy. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil Continue Reading

Goldman skeptical of ‘insurance’ U.S. rate cuts from Fed

(Reuters) – Goldman Sachs economists said on Sunday they are skeptical of “insurance” U.S. interest rate decreases from the Federal Reserve to forestall possible slowing in U.S. economic growth due to global trade tensions. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Continue Reading

Voce says Argo ROE could double with cost cuts, nominates five directors

BEVERLY HILLS, Calif. (Reuters) – An activist hedge fund said on Tuesday that insurance company Argo Group International Holdings Ltd could double its return on equity if it cut $100 million in costs, including millions spent on corporate jets and housing for its chief executive. Voce Capital Management LLC is Continue Reading

Fewer Americans seeing crucial Social Security document due to budget cuts

CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) FILE PHOTO: A sign is seen on the entrance to a Social Security office in New York City, U.S., July 16, 2018. REUTERS/Brendan McDermid/File Photo It is one of the most important retirement documents Continue Reading