The government's delay of the 1,700 mile Keystone XL pipeline has some lawmakers focused on possible political fallout, reports CNBC's John Harwood.» Read More
After a nightmarish ride through bankruptcy and the threats of corporate murder-suicide, Delta Air Lines is poised to emerge from Chapter 11 limbo. And that, says CNBC's Phil LeBeau, may spell "the last stand of Doug Parker," the CEO of US Airways Group.
U.S. crude oil futures jumped nearly $3 as more fund money moved into the market just ahead of weekly inventory data on Wednesday.
Last year may have been great for the energy sector, but so far 2007 is a different story. Oil prices fell to as low as the $50 range from $58.34 on Jan. 4 but have stabilized a bit since then. The sudden dip has pushed OPEC to enforce a proposed 500,000 barrel a day cut in production, starting Feb. 1. Even though Apache, Exxon Mobil, Marathon Oil...
Ever wonder how lately it seems like as geopolitical tensions seem to worsen; the markets don’t seem to notice? Whether it’s terrorism, war or climate change, the world’s major challenges don’t seem to be making much of a dent in the U.S. economy.
OPEC is preparing to implement another round of oil cuts from Feb. 1, satisfied its decision to curb supplies by 6% has succeeded in restoring market balance and arresting a $24 price fall since July.
The Dow is pointing higher this morning as investors focus on the Fed's two day meeting and a bunch of big earning reports. European markets are slightly weaker and Asian stocks were mixed overnight. The yen remains lower against the dollar.
Stocks ended mixed on Monday as investors cast a wary eye on rising interest rates ahead of the Fed's two day meeting this week.
Oil fell more than a dollar to less than $54 a barrel after Saudi Arabia's ambassador to the United States said current prices were good for consumers and producers and other OPEC members showed signs of hiking supplies for March.
Interest rates on short-term Treasury bills rose in Monday's auction, with the three-month bill climbing to the highest level in six years.
CNBC's Melissa Francis reported today on "speculation" that the Saudi Oil Minister, Ali Al-Nami, might be replaced when the Saudi monarchy shakes up its cabinet in February. Al-Nami has held the post for 12 years. Also of noteon oil--the New York Times reported over the weekend that the Saudis are committed to keeping oil prices at $50 a barrel.
Stocks in the U.S. are looking for direction this morning as Europe trades mostly higher and Asian stocks were mixed overnight. Lots of deal news and earnings reports are making headlines this morning, and investors await a heavy menu of economic data and a Fed meeting later in the week.
Stocks ended lower following a volatile week of trading that was punctuated by a mixed batch of quarterly earnings reports and strong economic data, which fizzled many investors hopes the Fed will lower interest rates.
Interest rate worries have been unhinging the stock market and that puts the Fed's two day meeting front and center for investors this week. There is a heavy load of other economic news in several data-packed days. Looming large are the first look at fourth quarter GDP Wednesday morning and jobs data Friday.
Oil futures rallied more than 50 cents in the last half hour of pit trading to finish with a 2% gain on the day. Prices were driven higher by cold weather enveloping the Northeast, short covering ahead of the weekend and a technical bounce after Thursday's dollar-plus drop.
Today, a frigid cold snap has neighbors from Maine to Maryland shivering under a big chill and the price of crude oil is moving higher. With Jack Frost finally nipping at the Northeast, it makes sense to think its the cold weather pushing up the price, but that's only part of the story. There's more going on than meets the eye, and for the inside scoop CNBC...
Gazprom Deputy Chairman Alexander Medvedev said that idea of an OPEC-type cartel involving Russia, Norway and Algeria are "fantastical." Meanwhile, CEOs are stressing their green credentials at Davos.
Stocks in the U.S. are mixed going into today's opening. The Dow is pointing higher and Nasdaq looks weaker and for the Nasdaq, this week's been the best of times and the worst of times. Nasdaq's 1.3 percent drop yesterday was its worst performance of the year, following its best day of the year. Stocks are weaker in Europe and major Asian markets closed lower.
Following recent disruptions of Russia’s gas supply to Belarus Alexander Medvedev, deputy chairman of Gazprom, stressed the reliability of Gazprom as an energy supplier to Europe.
Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
Crude oil futures fell below $55, snuffing out a two-day rally amid profit-taking spurred by a steep drop in natural gas futures, even though the government reported bullish storage data for the heating fuel.
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