April 21- Halliburton Co, the world's No. 2 oilfield services company, reported better-than-expected quarterly results, helped by robust drilling activity in Russia, Saudi Arabia and Angola. Halliburton, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.» Read More
Apache believes in high oil prices. That's why the profits are flowing while rivals like Exxon dry up.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.
A blowout jobs number gave stocks an initial lift, but already some bond market skeptics are doubting the reliability of the data. For now, stock traders are looking at good news as good. October jobs were reported at 166,000. double expectations of 80,000. The jobless rate came in at an expected 4.7 percent.
OPEC raised oil production last month in response to record-high prices above $90 a barrel and in advance of a formal deal to lift supply, a Reuters survey showed on Friday.
Jobs data for October will set the course of trading Friday, and maybe even for days after. "I think it will be good for the market to focus on fundamentals rather than the ethereal notions of credit and its relative crappiness," said CNBC senior economic correspondent Steve Liesman.
Fast-rising oil, steel and coal prices are adding to inflationary pressure in China, the country's top economic planning agency said on Friday.
Stocks closed sharply lower as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy.
Clean energy stocks worldwide, and especially solar, have roared upwards in the past 10 weeks following the latest spiral in oil prices -- but proving a direct link with oil is elusive, analysts say.
Oil prices keep breaking record highs. What does it mean for the economy--and investors? Here's what some of the experts are saying on CNBC.
Futures are down for several reasons: 1) Now we're really data dependent. Part of the problem with the market this morning is the realization that the economic data will have to be REALLY weak for the Fed to lower rates further.
China unexpectedly raised domestic gasoline and diesel prices by a tenth on Thursday, the first increase in 17 months, as officials rushed to tame a worsening supply crisis by easing losses at state refiners.
Bring on the year end! That's the view from the markets now that the spooky month of October is behind us and the Fed has done its work. November will be no slouch. It starts off with a big dose of economic news Thursday and Friday, and some key earnings reports, including Exxon Mobil Thursday morning.
Stocks closed up sharply following the latest interest-rate cuts by the Federal Reserve, ending the month of October on a strong note.
In the entertainment industry, the idea of being green is very, very cool. You can't go two feet without seeing a Prius--they're even becoming the limo-of-choice for the Oscars. I myself bought a Prius in May and I love it. Not only is it eco-friendly, but it's also incredibly convenient. Not having to fill up that often saves a ton of money, and all that time wasted at the gas station. Tons of time.
The Federal Reserve's latest cut in interest rates, combined with an unexpected drop in crude supplies last week, could finally send oil prices over $100 a barrel.
China's top economic planner has said Beijing will raise the prices of gasoline, diesel and aviation kerosene by 500 yuan ($66.97) per ton starting from Nov 1, the official Xinhua news agency said on Wednesday.
Buying in tech stocks could lift the market again Wednesday, but Merrill Lynch earnings hang in front of the opening bell like a dark cloud. Or should we say Merrill's report of losses. The firm is scheduled to report third quarter numbers between 7:30 and 8 a.m., and analysts are forecasting a loss of $0.45 per share.
Most of Wall Street might disagree with the billionaire's move into oil refiners, but Cramer thinks he's right. Here's how to play the pin action.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.
The economic numbers today indicate the difficulty facing the Fed: 1) Third quarter GDP estimates, at 3.9% (best in 6 quarters!), was well above expectations. 2) October ADP, a read on private sector job growth, surprises on the upside--106,000 vs the consensus of 58,000 and up from a revised 61,000 in September.
Credit crankiness hangs around the stock market as the Fed winds up its rate meeting Wednesday. Investors are counting on a rate cut, and without one, the market could see some significant selling.
Stocks closed lower amid fresh signs of weakness in the economy and uncertainty about whether the Federal Reserve will cut interest rates.
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