OPEC members met at a meeting last November in Algeria to discuss a needed production cut to lift oil prices as the U.S. continues to produce oil at a more efficient rate. Plans from that meeting were finalized Wednesday, and OPEC is cutting oil production by 1.2 million barrels per day. Oil prices surged as a result, but can they get back to where they were just two years ago? What can investors expect from oil stocks in the near future?
Read The Capitalist’s Take Here
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NETFLIX LISTENS TO ITS FANS; ENABLES DOWNLOADING TO SUBSCRIBERS WORLDWIDE
Starting today Netflix subscribers won’t have to leave its programming behind when a broadband connection is out of reach. The streaming video company has begun to allow customers to download offerings including Orange is The New Black, Narcos, and The Crown, Director of Product Innovation Eddy Wu says in a blog post.
Read More at Yahoo News Here
Read More at Wired Here
Read More at CNET Here
TESLA WINS RIGHT TO OPERATE DEALERSHIPS IN RICHMOND, VA.
Tesla Motors Inc., facing opposition from the owners of car dealerships, is now eligible to operate its own stores in Richmond, Va., the Virginia Department of Motor Vehicles commissioner ruled on Wednesday. The decision is an important win for Tesla as it tries to expand sales locations ahead of the introduction next year of a lower-priced Model 3 sedan. Chief Executive Officer Elon Musk has said the $35,000 car will take Tesla’s production to 500,000 in 2018 from about 50,000 last year..
Read More at Wall Street Journal Here
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Read More at Teslarati Here
– Wednesday, November 30th
Oil Surges, Markets Close Slightly Lower
Big Insider Trades
– The Charles Schwab Corp. (SCHW) CEO Walter Bettinger Sells $3m
– The Home Depot (HD) Director Mark Vadon Buys $2m