Shoppers among pedestrians in New York last week. A surge in consumer spending helped push the nation's economic growth rate to 3.9% last quarter.
The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans. In 1986, the Saudis opened the spigot and sparked a four-month, 67 percent plunge that left oil just above $10 a barrel.
A pedestrian looks at an electronic board showing Japan's Nikkei average (top 2nd from L) and various stock prices outside a brokerage in Tokyo November 11, 2014.
Total U.S. household debt rose slightly in the third quarter to a total of $11.7 trillion, according to a survey by the Federal Reserve Bank of New York, which pronounced the end of the crisis-era "deleveraging process.
High-end jeweler Tiffany & Co reported lower-than-expected third-quarter sales, but continued its recent strong showing as shares rose 2.5% to close at $107.60.