Economies

Markets Brace for Big Oil Profit Plunge

Cars fill up at the pumps at a Shell station near downtown Detroit on Jan. 1, 2015. Profits for companies in the Standard & Poor’s 500 index are expected to grow at one of lowest rates in years, just 1.4 percent. The culprit: Energy companies that suffered as oil prices plunged. On Thursday, Jan. 29, Shell posted a 57 percent drop in fourth quarter earnings. (AP Photo/David N. Goodman)
Cars fill up at the pumps at a Shell station near downtown Detroit on Jan. 1, 2015. Profits for companies in the Standard & Poor’s 500 index are expected to grow at one of lowest rates in years, just 1.4 percent. The culprit: Energy companies that suffered as oil prices plunged. On Thursday, Jan. 29, Shell posted a 57 percent drop in fourth quarter earnings. (AP Photo/David N. Goodman)

NEW YORK—It’s just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost single handedly turned what...




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  • Greece's Prime Minister Alexis Tsipras, second right, accompanied by members of his government poses for a group picture outside the Parliament in central Athens, Wednesday, Jan. 28, 2015. Tsipras says his government’s top priorities are to negotiate with Greece’s partners to resolve the country’s financial predicament and to deal with what he describes as Greece’s humanitarian crisis. (AP Photo/Lefteris Pitarakis)

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  • In this picture taken Sunday, Nov. 16, 2014 visitors crowed the Christmas market in front of the neo-Gothic City hall in Vienna, Austria. Nothing will put you more in the mood for the festive season than the Christmas markets big and small dotting the city. Choices range from the more than 150 wooden huts set up in front of the City hall, to markets often no bigger than a few booths. Among the hundreds of goods on offer are tree lights, candles, ornaments and musical Christmas toys. Letters read "Merry Christmas". (AP Photo/Ronald Zak)

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