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NEW YORK (AP) — The plunge in oil has crushed the Russian ruble, erased $80 billion from Exxon Mobil's market value and pushed Venezuela to the brink of economic collapse. Thomas is one of thousands of oil traders who have helped turn market fundamentals — lots of oil, not enough demand — into a plunge of nearly 60 percent in the price of crude in seven months, a drop with few precedents. The world's biggest hamburger chain is facing an onslaught of competition, from better-burger chains like Five Guys to brands like Chipotle that tout the superior quality of their ingredients. [...] Chinese regulators stayed silent, apparently reluctant to disrupt the rise of an Internet star even as they accused foreign automakers, dairies and others of violating anti-monopoly or consumer protection rules. In a stinging report, a Cabinet agency accused Alibaba Group Ltd.

 

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