New data reveals California's crippling drought conditions have never been worse. NBCNews reports.» Read More
With summer driving season around the corner, and the cost of gasoline at record highs, pain at the pump has become an everyday reality. And that has some automakers shifting their focus to alternative fuels, like hydrogen cells.
Supporters of two controversial coal power plants proposed for Western Kansas say they hope to pass new legislation this week that could override an expected veto by the governor and allow the $3.6 billion project to move ahead.
U.S. fuel dealer groups urged President George W. Bush in a letter to order immediately the release of emergency heating oil supplies to help cool sky-high prices hitting consumers and dealers hard.
Continued military tensions between Colombia and its neighbors Venezuela and Ecuador--both OPEC members--are expected to keep upward pressure on oil prices. But analysts say it won't cause a significant spike in crude as long as armed conflict is avoided.
It was all about beautiful cars and gorgeous girls as CNBC took to the ground for the 78th Geneva Motor Show, where automakers revealed their latest models, concept cars and technical and environmental innovations for 2008.
A massive sell-off ends in a paltry 45-point drop on the Dow. Is that reason to sell or celebrate on Wednesday? Find out in the Word on the Street.
European stocks ended largely flat Wednesday, having pulled back from earlier losses, as negative U.S. economic data was counterbalanced by news that investment caps for two U.S. mortgage financiers would be lifted.
A massive power outage struck Florida Tuesday, knocking out electricity to millions of people and snarling traffic.
European shares closed higher across the board Tuesday after German business sentiment grew at a faster rate than expected in February and corporate earnings from the likes of Standard Chartered, Ferrovial and Persimmon were largely positive.
European equity markets closed lower across the board Friday, as utilities took a beating on the back of disapointing earnings from Germany's RWE and U.S. stocks fell on recession concerns.
Utility stocks are the only S&P industry in the green over the past five days and now new hope for an inter-meeting Fed rate cut – sparked after the weak service-sector data – could spell more juice for these high-yielding names.
Orion Energy Systems soared in its market debut Wednesday, a day after an initial public offering priced in the middle of a forecast range.
The 1st part of CNBC Smoke Test - ABSTRACT
OMV, Central Europe's largest oil and gas company, said Tuesday it is redoubling its efforts to take over Hungary's MOL and has launched legal proceedings in an attempt to stop the Hungarian government from blocking the acquisition.
CNBC Squawk-Box co-anchor Becky Quick scored a scoop early this morning with her 'First on CNBC' report that Warren Buffett's Berkshire Hathaway is paying $2.1 billion dollars to Goldman Sachs for some high-yielding TXU bonds. But don't think the purchase means Buffett likes junk bonds in general.
Multinational energy companies are looking at opportunities in Turkmenistan, a country of five million people that borders the Caspian Sea and sits on the world’s fourth or fifth largest reserves of natural gas.
Nuclear power is making a comeback in the US as the high cost of fossil fuels and concern about global warming make uranium-based generation a more attractive option, but the industry still faces regulatory and financial hurdles as well as lingering doubts about safety.
Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.
Here's what I see this Monday morning:1) U.S. dollar finally showing some strength on weakness overseas, Hong Kong at a 6 week low, about 12% from historic high. 2) Jitters in tech land. All those momentum traders piling into techs in the last couple months are nervous.
It seems downright unbelievable, but about a year ago, crude oil was trading at $50 a barrel.
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