U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.» Read More
Lehman Brothers appears to be in much better shape than Bear Stearns, but is it good enough to avoid a similar fate? The broker's earnings report on Tuesday should go a long way towards answering that question. What points should you focus on? Read on to find out.
Traders I talked to on the floor of the New York Mercantile Exchange today were rather somber: not because oil futures saw the biggest dollar drop in 17 years but because those who own NYMEX shares watched the stock tank about 10 percent today.
Traders trying to pick bottoms in this commodity free-fall had a tough day. NYMEX crude futures suffered their biggest one day dollar drop since 1991--falling as much as $7 this afternoon.
U.S. crude oil futures fell on Monday as profit-taking hit commodities markets amid mounting concerns about a slowing economy and continued banking and credit uncertainty.
Bear Stearns' second largest shareholder, Joe Lewis, said Monday JPMorgan's $2 a share offer for the investment bank is "derisory."
Lehman shares tumbled more than 20 percent Monday as Wall Street speculated whether or not it's the ailing banking system's next casualty.
The dollar tumbled to a 12-1/2 year low against the Japanese yen on Monday and record levels against the euro and the Swiss franc as emergency liquidity-boosting measures by the Federal Reserve over the weekend failed to ease worries about the U.S. financial sector.
Stocks were lower in early trading Monday as Wall Street digested the fire-sale buyout of an investment banking giant: Bear Stearns. CNBC brought the market pros for their perspective on the fallout.
As Visa’s expected public offering approaches, will the company’s IPO draw the attention that was anticipated? Here is some data on Visa, its business and its competitive position.
A fire sale of Bear Stearns stunned Wall Street and pummeled global financial stocks on Monday on fears that few banks are safe from deepening market turmoil.
The U.S. Federal Reserve announced emergency measures to stem a fast-spreading global financial crisis, tapping tools last used in the Great Depression to pour funds into cash-starved Wall Street firms.
The global economic outlook is worsening and the risk of contagion from a financial markets crisis that began in the United States is now very high, IMF chief Dominique Strauss-Kahn said on Monday.
A spreading U.S. economic slowdown seeped into U.S. factory activity in February and March as waning demand more than offset the export benefits of a cheaper dollar, a series of reports Monday showed.
Asian markets plunged Monday, but stocks were off session lows. Japan closed 3.7 percent lower and Hong Kong fell 5 percent.
Japan's government struggled to resolve a deadlock over a new central bank chief on Monday, just days before the current governor retires, and prospects for a breakthrough were unclear even as market turmoil took the dollar to fresh lows and battered Tokyo stocks. 1st paragraph of story should go here
This blog post comes from CNBC energy producer Judy Gee. Today's CPI report revealed energy prices had fallen a half percent in February, which stood in contrast to the 0.7 percent gain in January. In separate data, the Energy Dept. reported that heating oil, natural gas and diesel fuel all rose last month, but retail gasoline on average fell by a penny.
European stocks are set to be dominated by events in the U.S. next week, as the Federal Reserve is likely to cut rate cuts further and the big three U.S. brokerages deliver earnings to volatile markets.
Fed Chairman Ben Bernanke is throwing all he’s got at the economy, but it may not be enough to combat both a recession and credit crunch.
Oil slipped Friday as investors took profits from a record rally that pushed prices to a record $111 in the previous session.
The dollar fell below 100 yen for the second straight day and hit a record low against the euro after Bear Stearns said a worsening cash position had forced the Wall Street firm to secure emergency financing.
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