*East Libya group to negotiate with government on oil ports. NEW YORK, Dec 13- Brent crude oil futures turned higher on Friday in seesaw trading, as oil markets were buffeted by uncertainty about whether oil ports in eastern Libya will resume exports.» Read More
After a few years (or decades) covering financial markets, you gain the ability to predict with uncanny insight how certain events might affect trading that day. You also gain the ability to get it completely wrong. We knew that Iranian officials would be coming out with a statement regarding the country’s controversial nuclear program, and we know that oil traders are mega-sensitive these days about Iran, especially following the recent capture and release of British military personnel. A sure sign of higher prices for oil, right? Nope. ...
Stocks closed mixed on Monday after a modest follow through rally from Friday's strong jobs numbers quickly fizzled as investors looked ahead to quarterly earnings season. "I think with the next few days we're in a holding pattern waiting for earnings to appear," said Zachary Karabell, portfolio manager at Fred Alger Management.
Trader Monthly has issued its annual list of the top-earning traders of 2006. Just how much are the biggest earners taking in? Rich Blake, senior editor at Trader Monthly, joined CNBC’s Bill Griffeth on Power Lunch with the first look at the jaw-dropping numbers. In this elite club of traders, each of the top 100 made $50 million or more last year -- and every one of the top five made at least $1 billion in annual compensation.
Oil fell more than 4% on Monday, extending declines that followed Iran's release last week of 15 British sailors and marines. The loss was the largest since August 17, 2005.
The world's largest natural gas exporting countries plan to establish a high-level group on gas pricing, the Russian energy minister said Monday, though his Iranian and Qatari counterparts denied the producers aim to establish a cartel.
A stronger-than-expected employment report could send stocks lower on Monday. "Good news is bad news, it's a stronger number than some were hoping for because you don't want jobs to be picking up at this stage because inflation is becoming a problem," Marc Pado, chief market strategist at Cantor Fitzgerald, told CNBC.com.
Oil has been unquestionably the most important macro-factor for the markets for the last half-decade. From Saudi Arabia to Wal-Mart, oil prices affect everyone. A warm winter can send heating oil prices tumbling, but an event in the Middle East can send crude skyrocketing.
U.S. Treasury bond prices tumbled and yields rose in a holiday-shortened session Friday after the unemployment rate fell to a five-month low, signaling the economy could be stronger than expected.
Here's our update on "Trading With The Stars." Willie proves himself as not another flash in the pan, and maintains the #1 spot two day's in a row. (and just like Willie--almost- Johnny Bench holds onto 7th place!) Interesting note: all of our celeb portfolios are above the $1 million benchmark. Congrats to all for that!!
Here's what you are doing stock wise: best performing trades by % gain from Wednesday's close to Thursday's close: M&F Worldwide: If you bought on Wednesday at $49.07 and held/sold on Thursday with a close of $60.65, the contestant gained 23.60% on the trade. MFW received early termination of the anti-trust waiting period for its acquisition of John H. Harland.
Asian markets finished mixed in the Good Friday session with Japan closing almost flat. But South Korea shares managed to squeeze out a gain for a third straight record. Most markets in Asia were closed for the holiday.
Stocks finished higher during a holiday-shortened week, helped by a spate of merger announcements and an easing of geopolitical tensions after Iran released 15 British sailo
Despite a volatile first quarter, stocks aren't much above where they were at the beginning of the year. But even if the major averages aren't showing big gains, smart investors know where to look for growth opportuntities.
Stocks ended a short trading week higher, closing up for the sixth straight session as the major market indexes reflected a bullish bias ahead of Friday's jobs data and next week's start of quarterly earnings season."The market drifted higher all week long. I'll give you a dozen different reasons why it shouldn't but the markets just keep going up," Mike Driscoll, head of listed trading at Bear Stearns, told CNBC.com.
Oil fell on Thursday after Iran's release of 15 British sailors and marines eased worries over crude shipments from the world's fourth-largest exporter.
The Gas Exporting Countries Forum -- which includes names like Iran and Venezuela -- meets in Qatar Monday to discuss the formation of an OPEC-like cartel. Would such a combination pose a clear and present danger to America's interests? Two energy analysts told "Morning Call" viewers not to worry. Not yet, anyway.
Is gold really a good investment -- or does it sit in your portfolio like a brick? John Reade, head of metals strategy at UBS, gave "Squawk on the Street" viewers his take on the ancient commodity. Reade noted that oil prices climbed during the recent diplomatic tensions between Britain and Iran, and asked why gold -- the traditional haven during times of strife -- didn't experience a similar rise...
Here's our look at the stocks making the most "noise" with traders. There's a new name on the most actives--as you will see below. And Freemont General seems to have run its course, and takes a top spot in the worst performing list--while still showing up in the most active list as well as the most widely held.
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
Turkey has suspended talks with Gaz de France over a pipeline project that would bring Caspian natural gas to Europe in reaction to a French bill on the mass killings of Armenians during Ottoman rule, senior Turkish energy officials told Reuters on Thursday.