PRAGUE, March 8- Four central European countries have asked the U.S. Congress to make it easier for them to import natural gas from the United States and reduce their dependence on supplies from Russia, the Czech Foreign Ministry said on Saturday.» Read More
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Stocks will take their direction from economic data today after yesterday's drenching from negative April chain store sales took the Dow down 147 points and bit 1.7% off the Nasdaq and 1.4% off the S&P 500. European markets are lower, following overnight weakness in Asian markets.
Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.
OPEC must increase its oil output before the summer to prevent a sharp decline in industrialised nations' crude oil stocks, the International Energy Agency said on Friday.
Mitsubishi Corp., Japan's biggest trading house, said on Friday it had been in contact with Anadarko Petroleum of the United States about buying a stake in an oil and gas field in the Gulf of Mexico.
U.S. crude oil futures ended slightly higher on Thursday, as gasoline rallied amid concerns that fuel supplies remain tight.
Stocks sold off across the board, and the Dow fell almost 150 points, after mixed economic data prompted investors to book gains. "A day like today was inevitable," said Michael Cuggino of Permanent Portfolio Funds. "I would caution investors not to get overly concerned based on today's (economic) statistics."
So, FWLT was the stock of stocks yesterday. It was a best performer and put actor Stephen Collins on top of the Trading With The Stars leaderboard. What is it you ask? Well, here's some background and info on the company.
You've probably heard of BRIC - Brazil, Russia, India and China - investing, but have you heard of BRIC-ME? Cramer's adding the Middle East as an investment hot spot.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 Federal Reserve's continued concern about inflation hasn't dampened the bullish sentiment for stocks. In fact, many market pros think inflation will continue to moderate, giving the central bank room to begin cutting interest rates later this year.
Stocks ended higher and the Dow closed at a new record after the Federal Reserve voted to keep interest rates unchanged. "You're seeing a lot of money that was put on the sidelines earlier in the day … that money was safe to come into the market," said Jeff Kleintop, chief market strategist at LPL Financial Services.
Oil prices fell on a U.S. inventories report showing an unexpectedly large increase in crude stocks and the first rebound for gasoline inventories in three months.
We had one other celebrity appear today on CNBC. Actor Stephen Collins was on "Morning Call" to talk about his adventures in Trading With The Stars. Stephen is currently in 2nd place. He says he's got a couple of "hail mary" plays up his sleeve. He better hurry--as we've said, Trading With The Stars ends this Friday.
Here's our daily contest "stock report." Earnings again helped and hurt performance. The most active and widely held pretty much the same--except for ENTG and BQI which both fell out of the most active. And gas and oil company BQI also fell from the most widely held. Here you go. Best performing trades by % gain from Monday's close to Tuesday's close:
There are increasing worries that Nigerian oil production could fall even further at the end of the month if militants succeed with threatened attacks, planned to coincide with the handover of power from President Matthew Olusegun Aremu Obasanjo to his successor on May 29, sources and traders in the energy industry said Wednesday.
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
CITIC Resources Holdings said it would buy oil assets in Kazakhstan from its state-owned parent for $1 billion, making it China's fourth-largest energy firm.
When the 34th richest man in the U.S. buys more shares of his own company - even at its peak - you might want to get on board, too.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.
Crude oil and gasoline prices climbed Tuesday after the U.S. government, citing ongoing problems at the nation's refineries, said U.S. drivers will likely be paying more to fill their tanks this summer than previously forecast.
A Senate panel met Tuesday as lawmakers weigh whether the U.S. government should raise fuel efficiency standards. Automakers argue it would be too expensive. Sam Kazman, general counsel with the Competitive Enterprise Institute, and Philip Clapp, president of the National Environmental Trust, debated the issue on “Morning Call.”