CHARLESTON, W.Va.— Scrapping to keep a West Virginia Senate seat Democratic in a state that's sprinted to the right, Natalie Tennant is counting on her allegiance to the coal industry to separate herself from an unpopular President Barack Obama. Mary Landrieu is vying for a fourth term representing Louisiana; Alaska Sen.» Read More
Oil rallied above $65 a barrel as fresh refinery and pipeline problems in the U.S. reignited fears over gasoline supplies as the summer peak in gasoline demand in the world's largest consumer approaches.
As the Macy’s name replaced Federated Department Stores on the New York Stock Exchange Friday, heralded by the new ticker symbol, “M,” Macy’s CEO Terry Lundgren shared insights with CNBC’s Erin Burnett on “Squawk on the Street.”
Regulators postponed a decision Friday on revoking the license of BP's Russian joint venture for a giant gas field, days before President Vladimir Putin heads into a Group of Eight summit amid grumbles about the Kremlin using energy as a political weapon.
Stocks closed mixed as investors awaited key employment data out Friday, but the market overall ended the month of May with solid gains. The Dow Jones Industrial Average, which edged lower on Thursday, finished up 4.4% for the month. The Nasdaq closed higher and was up 3% for May. The S&P 500, which closed at a new record high for the second straight day, rose 3.4% for the month
Oil rose Thursday, recovering from early losses to close above $64 a barrel as U.S. government data showed crude oil inventories fell unexpectedly last week.
Is the individual investor coming back to the market?; Ralph Lauren runs the retail space; and the play for a hairy hurricane season.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.
At least one thing is certain about gasoline prices: no one knows which way they're headed.Two experts offered very different predictions on "Morning Call" about what people will be paying at the pump this summer.
Stocks are looking higher this morning after markets worldwide rode the wave of Wall Street's record-setting session yesterday. Wall Street was greeted this morning by merger news involving one of its own. Wachovia is buying Midwest broker A.G. Edwards for $6.8 billion, ranking the combined firm as one of the Street's biggest brokers and giving a big endorsement to the prospects for the retail brokerage and asset management businesses.
The energy market could have a new benchmark oil price when Dubai launches its Middle East sour crude futures contract as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.
Norwegian industrial group Norsk Hydro reported a smaller-than-expected 12% drop in first-quarter operating profit, helped by strong results for its aluminium metal business.
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.
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