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The sharp decline in gasoline use earlier this year — with volume down nearly 10 percent in some weeks — suggested to many people, including the automobile companies, that a permanent change in American habits might be at hand. But with gasoline prices falling drastically in recent weeks, some American drivers are returning to their old ways, says the New York Times.
Stocks have been all over the map, lately. But the dollar, well that’s another story.
Plus, Cramer tells recent college grads what to do with that new salary.
More ideas for protecting your profits during these unprecedented times!
Stock markets tumbled around the world Friday as investors moved to liquidate risky positions. Mounting evidence of a global recession kept most markets volatile.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether. The Dow shed 514.45, or 5.7 percent, to close at 8519.21. The S&P 500 lost 6.1 percent, ending at 896.78, revisiting its Oct. 10 level.
Recessions are good for Panera, the CEO says.
Looking for ways to battle the bear. The Fast Money traders (and a few of their friends) have some ideas for you.
Stocks tumbled to 5 year lows on Wednesday as investors grappled with an increasingly dire outlook for the global economy.
The search for a market bottom likely will continue through the rest of the year and into 2009, as signs emerge that a turning point is not yet upon Wall Street.
Stocks fell sharply Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
Stocks fell sharply at the open Wednesday after the latest bevy of big names reporting earnings issued gloomy outlooks or missed their targets altogether.
The good news is that Libor rates are again dropping. The dollar is rallying big again, this is continuing to put pressure on commodities, but the stress is also showing up in corporate profits. Kimberly Clark, for example, said that because of the dollar rally, currency will be a drag on fourth quarter sales comparison instead of a benefit.
Stock index futures pointed to a weak open Wednesday as the emerging earnings picture did little to alleviate investors' fears of a grinding recession, despite an easing in interbank lending rates.
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The stock market deteriorated in the final 20 minutes of trading with the Dow closing with triple digit losses.
The search of a market bottom likely will continue through the rest of the year and into 2009, as signs begin to emerge that a turning point is not yet upon Wall Street.
Cramer makes the call on viewers' favorite stocks.
With so many other factors powering the market these days, third-quarter earnings could be little more than an afterthought.
A slight thaw in the credit freeze could warm up some cautious buying in battered stocks in the week ahead.