CHARLESTON, W.Va.— Scrapping to keep a West Virginia Senate seat Democratic in a state that's sprinted to the right, Natalie Tennant is counting on her allegiance to the coal industry to separate herself from an unpopular President Barack Obama. Mary Landrieu is vying for a fourth term representing Louisiana; Alaska Sen.» Read More
Gustav has unfurled a wall of worry for stocks in the week ahead.
For the week and month ending Friday, August 29, 2008, the major U.S. Indices ended slightly lower for the week but up for the month. The markets had a volatile week, sinking first on housing price drops and an up-tick in oil prices, then rallying on better-than-expected GDP numbers, and finally falling to end the week on worse-than-expected personal income and spending data. The Dow hit a 200+ point rally on Thursday, its largest one day gain since 8/8. The NASDAQ led the indices to the downside this week, down nearly 2%. For the August close, the Dow, Nasdaq and S&P all finished up 1.5% or more, marking the best monthly gain since April for the Dow & S&P, and best month for the Nasdaq since May.
The market rallies on Friday with the Dow, NASDAQ and S&P all up 1% or more, on light volume, but Friday's gains are not enough to boost the market's weekly performance out of negative territory. Energy stocks dominate.
For the second day in a row traders are almost speechless to see that a severe storm isn’t pushing crude higher. What’s going on?
Gustav strengthened back into a hurricane in the warm Caribbean on Friday as it left flooded Jamaica and churned toward the Cayman Islands, headed for the Gulf of Mexico on the third anniversary of Hurricane Katrina's deadly strike on New Orleans.
Italy's national airline Alitalia says it has filed for bankruptcy protection, taking the first step in reshaping what has been a failing company.
There's an interesting theory when it comes to the SUV market. It goes like this: now is the best time to buy an SUV because the used market has bottomed out and prices will soon start going up. The more I've heard this, the more I've talked with dealers. And you know what their reaction is? A good laugh.
Russian gas stocks like Gazprom, Lukoil are Rosneft are very attractive at current valuations, but only for investors ready to make a risky play, James Bevan, chief investment officer at CCLA Investment Management, told CNBC Friday.
Ding, dong Dell. The computer marker's after hours earnings miss could put a dent in tech in Friday's quiet, pre-holiday session.
Gustav hasn't even made landfall, and it's already hitting consumers in the pocket book. Gasoline could jump 10 to 15 cents a gallon at the pump over the Labor Day weekend for some drivers, according to Tom Kloza, chief analyst at the Oil Price Information Service.
The Dow rose sharply on Thursday after the government reported the economy grew at a surprisingly robust clip in the second quarter and oil prices eased.
Three years after Hurricane Katrina, New Orleans' deputy chief of Army Corps of Engineers comments on how the city is preparing for future storms. Plus, ClimateMaster introduces a device that uses geothermal power. Following are today's top videos:
Gustav continues to rumble toward the Gulf, but you wouldn't know it looking at energy prices Thursday. What’s going on when a potential hurricane can’t lift crude?
See, even mighty Toyota Motor is shifting into a slower gear. This morning in Tokyo, the company gave its business outlook for 2009 and beyond. It was mixed -- which is not surprising, given the economy. Here's Toyota's plan to stay ahead.
Thursday's markets will be quiet, but there are a few important undercurrents investors are watching.
SEC Chairman Christopher Cox talks about Fannie Mae and Freddie Mac's stock movements while Sin City's gambling industry faces an economic earthquake. Following are today's top videos:
Traders pushed the price of crude oil higher for the week on forecasts that Tropical Storm Gustav will intensify into a hurricane. Should you bet on the barrel?
Actually, Gustav is a tropical storm right now. But either way Cramer says this play is a mistake. Here's why.
Wednesday's weather models reinforce that Hurricane Gustav could be the most powerful storm to rip through Gulf of Mexico oil and gas production areas since Katrina. It will be the first storm to test the industry's efforts to reinforce its oil and gas production infrastructure.
Since I've started this blog I've have had people react strongly to some of the things I've said. But NOTHING compares to the e-mails I've read after advocating the need for Federal loans to help the Big 3 automakers re-tool and rebuild their operations.
Get the best of CNBC in your inbox