Marketplace Morning Report for Tuesday October 28, 2014
One class of stocks that has had a bad month: oil companies. Today, London-based BP reported profits down by $3 billion. This in part because of western sanctions against Russia, but also because oil prices have been falling sharply. Though, it may not be time to take up a collection for oil companies like BP. More on that. Plus, the Federal Reserve's Open Market Committee begins two days of meetings today, and if everything goes as expected, tomorrow it will announce an end to the stimulus known as "quantitative easing." We take a look at what's next. And some U.S. colleges have faced declining enrollment since the recession began. But changes to a federal loan program in 2011 have hit especially hard some historically black colleges and universities.
One class of stocks that has had a bad month: oil companies. Today, London-based BP reported profits down by $3 billion. This in part because of western sanctions against Russia, but also because oil prices have been falling sharply. Though, it may not be time to take up a collection for oil companies like BP. More on that. Plus, the Federal Reserve’s Open Market Committee begins two days of meetings today, and if everything goes as expected, tomorrow it will announce an end to the stimulus known as “quantitative easing.” We take a look at what’s next. And some U.S. colleges have faced declining enrollment since the recession began. But changes to a federal loan program in 2011 have hit especially hard some historically black colleges and universities.
