California's cotton crop is hurting, and that could become a problem for an industry the state dominates: high-end apparel manufacturing.» Read More
Top economists discuss the fate of Lehman Brothers and how the company's outcome will affect the stock market while the CEO of Ford restructures his company—focusing on improving fuel mileage and efficiency. Plus, Hurricane Ike is expected to strike the southern US coast early on Saturday, bringing a massive storm surge that could prove fatal for those who have not left the area. Following are today's top videos:
OPEC's decision to for a modest cut in production isn't likely to stop crude prices from heading lower in the coming months, analysts said.
Three years after Hurricane Katrina, New Orleans' deputy chief of Army Corps of Engineers comments on how the city is preparing for future storms. Plus, ClimateMaster introduces a device that uses geothermal power. Following are today's top videos:
SEC Chairman Christopher Cox talks about Fannie Mae and Freddie Mac's stock movements while Sin City's gambling industry faces an economic earthquake. Following are today's top videos:
Americans are driving tens of billions of miles less these days, and experts don't expect that to change unless gasoline prices drop much below $3.
Some of the new tracks…but not a majority…want to take the storm into the western shore of Florida in the Gulf of Mexico by Tuesday. Of course, whenever we are talking about anything 4 to 5 days out, we need to deal with change.
Today on CNBC, Merrill Lynch CEO John Thain gave an exclusive interview, and the chairman of Rosen Real Estate Securities claimed that economic recession has only just begun. What follows are today's top videos:
Investors with an appetite for wildcat oil exploration plays can now thank - of all people - former Iraqi dictator Saddam Hussein. Because of his decades-long suppression of Kurds in northern Iraq, the region’s extensive petroleum reserves have gone untapped.
Prices are not driven by speculation and the short-term target is still $150 a barrel, Boone Pickens told CNBC. But they could dip to $100 over 2 years.
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The state of Florida has reluctantly agreed to pay Warren Buffett's Berkshire Hathaway $224 million now, in exchange for a promise it will be able to borrow $4 billion from Berkshire later, if the state gets severely slammed by hurricanes this year.
There is "no shortage" in the oil market and OPEC member countries and would prefer a lower price than the current highs, OPEC Secretary General Abdalla El-Badri told CNBC on Tuesday.
Energy prices have doubled over the past year, and to better understand why, CNBC asked prominent executives, politicians and analysts for their insight.
The flooding in Iowa has spread its economic stress to more than just rising corn prices. Many Iowa-based companies are also feeling the strain, causing production to stop and stocks to move.
Record floods have devastated Iowa farmers, The New York Times reports.
Saudi Arabia's pledge to boost oil production by 500,000 barrels per day may not be achievable, a source close to the Saudi oil industry told CNBC.com.
The start of hurricane and driving season in the U.S., coupled with instability in Nigeria and fuel stockpiling for winter will likely keep the crude price from falling, analysts told CNBC on Wednesday.
Saudi Arabia's oil output increase by almost 500,000 barrels a day this quarter, to 9.54 million barrels, CNBC has learned from sources in the Saudi Oil Ministry.
With the country in the grips of near-hysteria over soaring gasoline prices, Congress begins debate Monday on landmark climate legislation that critics say will substantially increase energy costs – and not produce any of the intended environmental benefits.
The 2008 hurricane season officially begins on Sunday, and active season could have serious implications for energy prices.