NEW YORK, Dec 6- U.S. crude oil ended up for a sixth day on Friday in its longest rally since July and gold and many other commodities rose too as stronger-than-expected hiring by American employers in November boosted confidence in the No. 1 economy.» Read More
Who needs theme park thrill rides when you’ve got Wall Street. The Dow tumbled by 358 points after oil climbed to $140 for the first time ever. What's the "Word on the Street?"
As long as oil keeps spiking, not soon enough. Here's how two Fast Money traders are planning ahead.
What follows below is an unofficial transcript of my interview with Sarah Palin on Kudlow & Company last night. Mrs. Palin is is the youngest governor in Alaskan history as well as the first woman to hold the office in the state.
So who do you blame for high gas prices? According to the latest survey from Consumer Reports, the fault lies with the federal government for not having a national energy policy. This is not a Republican complaint or a Democrat complaint, it's a government complaint.
Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.
California on Thursday took a major step forward on its global warming fight by unveiling an ambitious plan for clean cars, renewable energy and stringent caps on big polluting industries.
Nigerian senior oil workers union and Chevron are expected to resume talks on Thursday in a last-ditch effort to avert an all-out strike that could sharply cut output from the world's eighth largest exporter.
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Now that the Fed's June meeting is out of the way, the focus on economic data will intensify as investors try to find a road map for the markets.
Will Wednesday’s decline in oil finally offer relief to beleaguered refiners?
How do Fed comments affect the commodities trade? Strategic investor Dennis Gartman reveals how he’s playing it.
FMC Tech has planted a forest. Here's how it could make you money.
The Dow closed modestly higher on Wednesday after the Federal Reserve held its key interest rate steady. What's the "Word on the Street?"
Elsewhere, financials could not maintain even a modest two-day rally; most came down late in the day and ended on either side of fractionally positive or negative.
The biggest hope for the bulls is a notable crack in oil (a sustained drop below $120 or so). After that, the notably oversold conditions (which could last a long time), and the lopsided bearishness of the Street should enable some kind of short-term bounce.
This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET. Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.
Allowing oil drilling in U.S. offshore waters that are now closed to energy exploration would do little to lower gasoline prices paid by consumers, the government's top energy forecaster said Wednesday.
I'm hearing that a very large energy trader--one of largest, actually--took a huge short position yesterday in two oil ETFS--Energy Select Sector SPDR and Oil Service HOLDRs and he's added to those shorts as this market sells off this morning.
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth. "Inflation is really picking up. Whether it's steel or oil, we see it everyplace," Buffett said of rising prices. Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.
New home sales in May fell 2.5 percent, and everyone is now wondering if rising gas prices are adding fuel, so to speak, to the meltdown in housing. A big article in the New York Times today features a few families who claim it just isn't worth living in the suburbs anymore.