CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.» Read More
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. The hurricane forecast is for 7 to 11 hurricanes this season, which could be bullish for the energy markets. Nat gas was up on the day because storage levels rose less than expected.
TUNIS, May 23- For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities.
*Shifting story puts White House under glare. WASHINGTON, May 22- Facing criticism from Democratic loyalists, the White House acknowledged on Wednesday that President Barack Obama's team has struggled to get its story straight on who knew what when about the IRS targeting of conservative groups.
By Kim Dixon and Patrick Temple-West. WASHINGTON, May 22- The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to answer questions.
*Cairo needs to cut spending but austerity risks more social unrest. *Analysts urge Cairo to move quickly to secure IMF loan. AL-SAFF, Egypt, May 22- Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
UNITED NATIONS-- The illegal trade in elephant ivory may constitute an important source of funding for armed groups, including the Lord's Resistance Army, threatening peace and security in central Africa, U.N. Secretary-General Ban Ki- moon said in a report to the Security Council.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets. Traders remain focused firmly on tomorrow's testimony from Fed Chairman Ben Bernanke. And expectations for this week's oil inventories.
WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and were not deliberately misleading lawmakers last year when they did not reveal the practice.
NEW DELHI/ SEOUL, May 21- India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among Asian buyers, in a move that should increase its chances of winning a new U.S. waiver next month on sanctions targeting oil trade with Iran.
WASHINGTON, May 20- A group of Democratic lawmakers has been invited to the White House on Tuesday for a briefing about economic issues from two top advisers to President Barack Obama on Tuesday.
CNBC's Sharon Epperson takes a look factors that contributed to the major reversal in precious metals on Monday and what sent oil prices to a 7-week high. She also discusses events in the the coming days that could impact the price action in energy and metals.
WASHINGTON, May 17- President Barack Obama on Friday will seek to turn the spotlight from controversies threatening to swamp his agenda to the economy by announcing he will cut in half the time it takes to get federal approval for large job-creating projects.
NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
CNBC's Bertha Coombs says negative economic data from Europe put pressure on commodities overall. Prices at the pump are 12 cents below where they were a year ago.
"I've had enough of Sudan and will go to Saudi Arabia," said Taha. " Taha, who has been working in an office accounts department for two years because he could not find a professional post, has just been hired as an engineer by a construction firm in Saudi Arabia- a move that will increase his salary sevenfold to 2,500 Saudi riyals a month.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
* "Insufficient oversight" led to problems at IRS- report. *Embattled acting IRS chief meets lawmakers.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.