Chinese president Xi Jinping has targeted retired Chinese Communist Party leader Zhou Yongkang in an extraordinary corruption inquiry.» Read More
Airlines must "change the rules" in order to survive high oil prices and the other challenges the industry faces, said Doug Parker, chairman and CEO of US Airways Group.
Oil consumption in the United States and OECD nations is weakening but China and India have yet to show signs of falling demand, making it unclear if the price fall below $120 is a turning point, the IEA's chief said.
The commodity decline that began a month ago and accelerated yesterday is continuing this morning. Traders are worried about the muted reaction from the stock market and are hopeful we will get a better reaction today.
Oil prices hit a three-month low of $118 a barrel on Tuesday, prompting some analysts to say oil's six-year rally has run its course—but only for now.
OPEC is unlikely to change oil output in September to reverse the recent price fall unless the slide continues to below $80 a barrel, an OPEC source said on Tuesday.
Following are Monday's biggest winners and losers. Find out why shares of Dell and Elan popped while Exxon Mobil and Freightcar America dropped.
Wall Street widely expects the Fed to keep interest rates unchanged Tuesday as the central bank grapples with a faltering economy, shaky financial system and higher prices.
Stocks dropped ahead of the Fed decision, and commodities were beaten senseless following a huge spike in trading volume around midday.
It's the Fed's turn to sway the markets Tuesday, but stock traders will keep their eyes on the volatile oil and commodities markets.
Today on CNBC, Merrill Lynch CEO John Thain gave an exclusive interview, and the chairman of Rosen Real Estate Securities claimed that economic recession has only just begun. What follows are today's top videos:
Anadarko Petroleum said on Monday that its second-quarter net income dropped sharply on losses related to hedging, and year-ago results included a big gain for asset divestitures.
U.S. drivers found more relief at the pump as the national price for gasoline dropped to its lowest level in 11 weeks, the government said on Monday.
As Sen. John McCain and the GOP leadership nationalize the drill, drill, drill message, the Republican party might conceivably be riding a summer political rally. The question of offshore drilling has suddenly become the biggest political and economic wedge issue of this election.
Goldman Sachs economist Jan Hatzius said the economy is entering a second slowdown phase and he expects a further decline in housing prices into next year. Today, he lowered his fourth quarter outlook to flat GDP, and he now expects two stagnant quarters - Q4 and Q1 - before the economy stages a sluggish recovery in 2009.
In early July I published a note discussing how expectations of an Obama win could knock $40 off the oil price. The note is below. One piece of the puzzle was put in place today with Obama mentioning that he might tap the Strategic Petroleum Reserve (SPR).
Natural gas has many virutes, but recent proposals to encourage demand could boost prices for consumers and petroleum-dependent industries.
Oil prices will be the trigger for stocks in the week ahead. The Fed meets Tuesday and as usual, traders will watch for nuances in the Fed's post-meeting statement.
After almost 10 years of covering General Motors, including the last year going behind the scenes for our upcoming documentary "Saving GM", I often hear the same question time and again. Where is chairman and CEO Rick Wagoner taking this company?
OPEC oil supply rose for a third consecutive month in July due to higher output from the world's top exporter Saudi Arabia and smaller increases from other members, a Reuters survey showed on Monday.
The U.S. said the U.N. Security Council will have to increase sanctions against Iran for ignoring demands that it freeze sensitive nuclear activities.
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