CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude crossed and closed over $60 today.» Read More
Stocks broke three consecutive sessions of losses to climb higher, led by the technology and financial stocks, as oil prices stabilized at lower levels. Boeing fell, while Wal-Mart rose.
Stocks came off the highs of the session but still rose after a mixed batch of economic news, but as oil prices stabilized at lower levels. Intel gained, while Wal-Mart stumbled.
The decision by the Pentagon to hand a $30 billion contract to Boeing to supply refueling planes to the US Air Force has raised eyebrows across Europe and the defense industry as the tender had originally gone to a consortium led by Europe's EADS.
U.S. stock index futures rose ahead of the open, although gains were pared somewhat after a lower-than-expected revision to the fourth-quarter Gross Domestic Product.
A persistent theme of NetNet is that faith in regulations to improve the financial sector is misplaced. Regulations are typically written under the direction of the most powerful financial institutions, and regulators operate as if they were agents of the companies they are allegedly regulating.
The collective bargaining process with public sector unions needs to be restructured to keep labor unions from “bankrupting states,” Sen. Ron Johnson, (R-Wisc.), told CNBC Wednesday.
The high-stakes fight in Wisconsin over union rights could have far-reaching effects on electoral politics in other states by helping solidify Republican power for years.
If previous EU responses to the euro crisis are any guide, investors should not be expecting a highly-coordinated, shock-and-awe approach like those we have seen from the US authorities.
The uprisings in the Middle East have been in part blamed on soaring food prices but one market watcher told CNBC those states with huge oil wealth should be better able to keep their people appeased by subsidizing food prices and other incentives.
Click to see international political scandals that raised eyebrows and kept the tabloids in wide circulation.
Protesters who have descended on Wisconsin's Capitol in hopes of halting a Republican effort to end a half-century of collective bargaining rights for public workers steeled themselves for a long fight, buoyed by Democrats' decision to flee to avoid the measure's near-certain passage.
The recent deal between BP and the Russian oil and gas giant Rosneft was a Faustian pact that was forced on the London-listed major by the Kremlin, William Browder, a well known Russia critic, told CNBC Tuesday.
Bundesbank president Axel Weber said a lack of political acceptance in the eurozone for his hawkish monetary views had driven his abrupt decision not to run. The FT reports.
It’s welcome news that the Obama administration proposes to wind down the mortgage giants Fannie Mae and Freddie Mac. Unfortunately, this news is coupled with something far less welcome—a proposal to recreate the government sponsored entities all over again.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas was down on the day, but remained above $5. Oil was up slightly on the day. And gold was up, as well.