*China data may reinforce signs of stabilising growth. SINGAPORE, Dec 10- Brent crude hovered above $109 a barrel on Tuesday ahead of data from China that may reaffirm signs of stabilising growth and fuel demand in the world's second largest oil consumer. Brent crude for January edged up 14 cents to $109.53 a barrel by 0315 GMT.» Read More
U.S. crude finished up slightly on Wednesday after Tuesday's sharp selloff and gasoline futures fell to a 3-week low ahead of weekly data on U.S. petroleum inventories.
Stocks soared to new records as investors speculated that the Federal Reserve is unlikely to raise interest rates anytime soon. "Inflation, although it's their predominant worry, is likely to ease back and that's just a picture perfect recipe for the market," said Stuart Schweitzer, global markets strategist at JP Morgan Private Bank.
Don't let the summer doldrums strike your portfolio. We've rounded up several five-star mutual fund managers to offer up on their latest strategies and best investment ideas.
The markets always seem to like gridlock in Washington. But has Democratic control of Congress actually been good for business? Three experts discussed the minimum wage hike, prescription drug costs, and tax breaks for big oil from different ends of the spectrum on "Power Lunch."
ExxonMobil, which holds its annual meeting today, will attempt to allay shareholder concerns about environmental and governance issues, including whether Chairman Rex Tillerson should be reelected. One analyst said that despite public concern for the environment, which he attributes to higher energy prices and surging gas prices at the pump, Exxon's primary responsibility of making money for investors in the long term hasn't changed.
Wall Street is heading for a down day after China's move to cool its overheated stock market with a tax hike drove Shanghai shares down 6.5% and pulled the floor out of stock buying around the world. Asian markets closed lower and European stocks are down across the continent. Some buyers appear to be moving into U.S. Treasurys where rates are slipping this morning.
Norway's Statoil posted weaker-than-expected first-quarter profit due to lower oil and gas prices on Wednesday, but said it was poised to grow after resolving production problems at several North Sea fields.
British Prime Minister Tony Blair hailed what he called Britain's transformed relations with once-isolated Libya after meeting Muammar Gaddafi on Tuesday and the two countries unveiled major energy and defense deals.
Cramer's going underground to find the last two sectors he thinks are red hot.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 closed moderately higher, with the Dow rising in late trading, as investors found encouragement in continued M&A news. "The private equity game, in my view, is in the early innings and corporate credit spreads are telling you that," said Jason Trennert, chief investment strategist at Strategas Research Partners.
After hitting record highs for two weeks in a row, the U.S. average retail price for gasoline fell almost a penny, the government said on Tuesday.
U.S. crude oil prices slid as much as 4% Tuesday; and gasoline followed suit. Is the bull market winding down? Stephen Schork, editor of The Schork Report, and Eric Bolling, independent oil trader and CNBC contributor, told "Street Signs" viewers that it "could be the beginning of the end" -- but they don't recommend getting out of the market just yet.
Oil prices slumped as much as 4% after the threat of further disruptions to Nigerian supplies receded and gasoline futures sold off as U.S. refineries returned to production.
Stocks in Europe drifted Monday, boosted by strength in Asian markets, but volume will be low with many exchanges closed for a public holiday.
Oil prices fell in light trade Monday, eased by the end of a Nigerian oil workers' strike over the weekend.
Fuel prices are taking off -- but that doesn’t mean airline stocks can’t take the skies, said Ray Neidl, an airline analyst at Calyon Securities on "Power Lunch." How much will oil and fuel prices eat into airline profit? Not too much, Neidl said -- he predicts "several good quarters" ahead.
Stocks rose on Friday following two multibillion-dollar acquisitions, but the Dow and S&P snapped seven straight weeks of gains. "There's a little caution in the marketplace," said Bill Nichols, director of trading at Bear Stearns. "You've come a long way in a short time, so you can expect a little profit-taking over the next couple weeks."
Prices for crude oil and gasoline rose on supply concerns ahead of the Memorial Day weekend, the kickoff to the summer driving season. Strikes and violence in Nigeria also propped up the oil market.
Will it be Nancy, or Serge or Steven--or maybe someone else winning a $1,000,000? The Million Dollar Portfolio Challenge is winding down today. Trading stops at the closing bell, so what happens will depend on who picked the best stock or stocks--as very little money separates the top three contenders. But as we said, there could be someone back in the pack, that's picked the best stock to leapfrog over the big three.
Nancy Beaumont already has some firsts in the Million Dollar Portfolio Challenge. She was our first weekly winner--and that qualified her for the finals. And she's currently in first place as the contest enters its last day. Nancy is a Director of Counseling at Touro University in Vallejo, California. Her strategy was "to buy small stocks." We'll see how that plays out by the end of trading today