Daily News: March 23, 2015

Oil Price Drop Hurts Spending on Business Investments

The Wall Street Journal reported prospects for an uptick in business investment this year are facing a drag from the collapse in oil prices.

The Journal said further business capital spending rose 6% last year due to gains from a broad base of U.S. industries, but the drag from energy this year could cut that growth rate in half in 2015, according to economists at Goldman Sachs.

To read the entire Journal article, click here.