The IEA, which advises major consuming nations on energy policy, said North American oil supply growth was "relentless."» Read More
Stocks ended mixed in a quiet session Friday as investors were reluctant to jump in ahead of a weekend and after a handful of weak earnings reports weighed on sentiment. Despite the lackluster session, stocks still capped a strong finish for the week, with all three major averages adding almost two percent each.
Reports on the U.S. economy are improving a bit, and this strategist has a way to play the rosier outlook.
CNBC.com ranks the 10 richest people who have sought the U.S. presidency since 1992. Check out the list!
US stock index futures turned lower Friday as investors kept a close watch on Greece as the debt-ridden nation remains in talks with private creditors over a haircut on some of its bonds and after GE's revenue missed forecast.
More than 40 years since the World Economic Forum (WEF) began as the rather less-impressive sounding European Management Forum, political leaders, chief executives of the world’s biggest banks, royalty, actors and pop stars will converge on the small Swiss ski resort of Davos next week.
An Iranian news agency is reporting police have closed down dozens of toy shop for selling Barbie dolls. The stated aim is to fight Western cultural influence.
A couple of years ago, the words “American consumer” cast a shadow over global markets. No wonder. Back in the days of the credit bubble, American consumer borrowing helped to create a crazy debt binge, the Financial Times reports.
Stocks finished modestly higher Thursday, posting a three-day rally, thanks to a better-than-expected jobless claims report and as financials rallied following BofA's earnings report. Still, gains were largely muted throughout the session as investors hesitated to jump in following the recent run-up in stocks.
Henry McVey, KKR & Co. head of global macros & asset allocation, discusses how to make money in 2012 despite S&P's downgrade of U.S. Treasuries and the continued sovereign debt mess in Europe.
Stocks closed near highs of the session Wednesday with the S&P finishing at its highest level since July 2011, buoyed by an optimistic report on Greece, which added fuel to an earlier rally after a better-than-expected housing market report.
Stock index futures cut their gains to turn flat Wednesday following a handful of tepid economic news and amid fears over the ongoing European debt crisis, but Goldman Sachs earnings helped limit losses.
Inflation in the world’s top oil exporter Saudi Arabia has slowed to a four-year low of 5 percent in 2011, despite a significant ramp-up in government spending in the wake of the Arab Spring.
Futures held their sharp gains Tuesday after the long holiday weekend, buoyed by a successful Spanish debt auction and higher than expected growth in China, but weaker-than-expected earnings from Citi limited gains.
Stocks bounced off their lows Friday, but still ended in negative territory amid expectations of an imminent S&P ratings downgrade of several euro zone countries. Despite the day's losses, stocks still posted a gain for the week.
Futures added to their losses Friday amid worries over a possible downgrade of several euro zone countries by the S&P and after JPMorgan posted earnings that missed on revenue outlook.
President Barack Obama announced on Friday that he will ask Congress for greater power to shrink the federal government, and his first idea is merging six sprawling trade and commerce agencies whose overlapping programs can be baffling to businesses.
Stocks closed higher in thin trading Thursday, led by strength in materials and industrials, erasing losses after several weak economic reports from earlier in the session.
Futures came off their best levels Thursday after a weaker than expected jobless claims and a disappointing retail sales report, but held some gains after successful bond auctions in Europe which also pushed European stocks higher and sent the euro to a session high.
Stocks ended near session highs Wednesday, but still closed narrowly mixed, as worries over the euro zone and declines in the energy sector limited gains.
Futures edged lower Wednesday as the euro slipped following negative comments by Fitch and following the S&P 500's sharp rally in the previous session.