*OPEC keeps production target unchanged. *John Kerry: core sanctions against Iran remain in place despite interim deal.» Read More
Marathon Oil said Tuesday it agreed to buy Canada's Western Oil Sands Inc. for about $5.56 billion, giving the U.S. oil company a foothold in one of the world's most promising streams of new crude oil.
Stocks are ready to spring higher on the opening as economic data, earnings and some merger news gets investor attention this morning. GM's better-than-expected earnings report is adding a positive tone.
Stocks closed higher, helped by buying in the financials sector, as bargain hunters shrugged off lingering concerns about corporate financing. "The question many investors should ask is whether deals are merely being re-priced, which seems appropriate, or will be cancelled," said Jason Trennert of Strategas Research.
Oil fell on Monday as traders took profits after supply concerns sent prices above $77 abarrel last week and near record highs.
Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.
The state-controlled Statoil oil company on Monday reported an 11% +increase in net profits for the second quarter from a year earlier due mainly to a lower tax bill and increased natural gas sales.
U.S. average retail gasoline prices fell 17 cents per gallon as Midwest refiners recovered from recent difficulties and produced more gas, according to an industry analyst.
Cramer explains why he changed his mind on Exxon and Annaly Capital is the best play on a pause in commercial construction.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Cramer answers viewers' questions about how the credit markets affect the Transocean-GlobalSantaFe deal, why are the bears always the bad guys, and why it's important to schnitzel. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Stocks ended at the lowest levels of the trading session after late buying efforts failed. "It's the end of a very difficult week with a critical selloff in the last 15 minutes of trading, but I think Secretary Paulson's comments will be studied over the weekend because they are very reassuring," said James Maguire, Sr., managing director at LaBranche & Co.
Oil jumped more than 2 percent to its second highest settlement on record on Friday as supply concerns and signs of U.S. economic growth helped counter worries about falling stock markets.
Chevron posted a better-than-expected 24 percent rise in quarterly earnings Friday on higher profits from its refineries and a gain from the sale of its stake in power company Dynegy.
Volatility in in the air this morning, signaling another up and down day for Wall Street.Asian markets took a beating overnight after the big drop in U.S. stocks yesterday. Japan was off 2.4% and Korea fell 4%, its worse decline in three years. European markets were able to stem the wave of global selling in equities for a while but rolled over as U.S. futures slid. Some markets there are now moving higher.
Stocks closed sharply lower and the Dow saw its biggest decline since the market meltdown in late February as disappointing news from the housing industry renewed concerns about credit markets and the U.S. economy. "This is just one more of the period panics that we've had in the last six months," said Barton Biggs, managing partner at Traxis Partners. "The puncture of the debt bubble is a positive development and restores some kind of sanity to the debt market."
Exxon Mobil posted a 1% drop in quarterly earnings on Thursday, missing expectations, as weaker natural gas prices and production offset higher margins from production of gasoline and chemicals.
Oil prices fell on Thursday as a sharp drop in the U.S. stock market spurred concerns about crude demand growth, reversing an earlier rally.
Credit worries and bad news from home builders trumped any positives from the stream of earnings being reported this morning. Wall Street is set up for a steep drop on the opening and the talk in the market focuses on whether the takeover boom is ending.
Royal Dutch Shell bucked an industry-wide trend of falling earnings on Thursday, posting a 20% rise in second-quarter profits to $7.556 billion, as fat refining margins helped outweigh lower output.
Spanish-Argentine oil major Repsol said Thursday first-half net profit fell 4.3%, hurt by higher exploration costs and a lower hydrocarbon output.
Italian oil and natural gas company Eni said Thursday second-quarter net profit fell 1.5 percent due to an increase in exploration costs and warm weather cutting into demand at its gas and power division.