*Putin rebuffs Obama as Ukraine crisis escalates. LONDON, March 7- Oil held around $108 a barrel on Friday as investors balanced supply concerns arising from the Ukraine crisis with seasonally slowing crude demand and forecasts for only modest U.S. jobs growth in February.» Read More
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General Electric stunned the Street with an unexpected drop in quarterly profit. What's the "Word on the Street?"
For the week ending Friday, April 11, 2008 the US Markets ended the week in negative territory. There was not a lot of movement in the markets for most of the week, as the major indices traded on a mix of news including same store sales, record highs in oil, flight cancellations from major airlines, and disappointing first quarter results from Alcoa (AA). The markets tumbled on Friday on General Electric's (GE) disappointing earnings.
The Dow, NASDAQ and the S&P 500 are all negative for the week fueled by GE's almost 13% decline on Friday.
US gasoline supplies should start the summer driving season at their highest level since 1999, helping to temper a surge in pump prices linked to the soaring cost of crude oil.
European stocks ended down 1.4 percent on Friday, their biggest one-day drop since mid-March as a profit warning by General Electric rattled investors and cemented the view that the US economy was tipping into recession.
World oil demand will rise much less than expected in 2008 because of slower economic growth in the United States and other industrialized countries, the International Energy Agency (IEA) said on Friday.
GE and the G7 -- two big stories for the markets Friday with the dollar as a common theme. First, General Electric releases earnings before the open.
Baker Hughes is lagging its outperforming peers. Not for long.
Southwest Airlines said after markets closed Thursday that its 2008 spending on jet fuel could rise more than $500 million from last year because of rising oil prices.
It's nearly 75 degrees in New York today, the sun is shining and it certainly feels like spring is here. Yet, heating oil prices at the NYMEX continue to set new records , climbing past $3.32 a gallon this morning, and settling at $3.19.
See what people are saying about driving 55 mph and the this year's corn crop. Darrell R. writes, "We could help our gas prices by millions if not billions of dollars and gallons simply by reducing speed limits on our highways..."
Like an early warning system, retailers Thursday could reveal how much pain the consumer has been feeling from rising energy costs and the slowing economy.
The economy may be heading south, but will stocks tumble along with it? One renowned chart expert reveals why a significant market bottom might be coming into place.
Considering the current run, how likely is it that gold and other commodities can go even higher?
Also, Boeing's 'dream' stays alive, Yahoo and Google's new ad deal and more.
Chevron should post higher first-quarter earnings than the previous quarter as record oil prices outweighed weak margins from refining and marketing, according to a report issued by the second-largest U.S. oil company on Wednesday.
U.S. stocks closed lower Wednesday after UPS projected an earnings shortfall and oil prices surged.
Overseas demand for oil has picked up so dramatically that it's now the driving force behind what we pay at the pump.
Venezuela is seeking to remove Exxon Mobil as the operator of its joint-venture refinery in Chalmette, Louisiana, Oil Minister Rafael Ramirez said Wednesday.