Marketplace for Monday June 16, 2014
Amid the conflict in Iraq, the international benchmark for oil prices has hit a recent high. We look at what is known as the “comfort zone” as well as how traders factor in a risk premium into their decisions. Plus, Starbucks is upping the ante for low-wage workers by offering partial or full online tuition as ASU. In doing so, the competition to work at Starbucks is going to increase—which may be precisely the point. Also, the Supreme Court today declined to hear Argentina's appeal over its bid to avoid paying $1.33 billion to hedge fund creditors. The claim stems from the country’s historic 2001 default. Argentina is now on the hook to pay up in full and warns this could lead once more to default on its sovereign debt. We examine the implications of the Supreme Court’s decision.