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Oil prices keep breaking record highs. What does it mean for the economy--and investors? Here's what some of the experts are saying on CNBC.
Exxon Mobil said Thursday its third-quarter earnings declined 10 percent, missing expectations on sharply dropping profits from the production of gasoline and lower natural gas prices.
In addition to the realization that economic news would have to be really bad for the Fed to cut rates further, there are two problems with the markets today, both dealing with a change in perception on two key sectors--financials and energy.
Futures are down for several reasons: 1) Now we're really data dependent. Part of the problem with the market this morning is the realization that the economic data will have to be REALLY weak for the Fed to lower rates further.
Bring on the year end! That's the view from the markets now that the spooky month of October is behind us and the Fed has done its work. November will be no slouch. It starts off with a big dose of economic news Thursday and Friday, and some key earnings reports, including Exxon Mobil Thursday morning.
Crude shed 3%, Tuesday, on concerns about slowing economic growth. Is it time to take profits in oil?
The Merrill Lynch saga continued Monday, with the imminent departure of Chief Executive Officer Stanley O’Neal leaving investors wondering who the board will pick to mend the struggling brokerage.
Stocks closed broadly higher as expectations of a Fed rate cut offset concerns about the dollar hitting new lows and oil reaching new highs.
The Supreme Court on Monday stepped into the long-running battle over the $2.5 billion in punitive damages owed by Exxon Mobil for the Exxon Valdez oil spill in 1989.
Exxon and big oil companies are scheduled to report quarterly earnings next week, amid record level crude prices. But the traders are nervous. Why?
Will Friday’s sell-off have a dramtaic impact on Monday's trading and the earnings flood that lies ahead?
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Kuwait said on Monday it had reached a preliminary deal with Exxon Mobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
U.S. stocks, beleaguered by disappointing earnings, record oil prices, credit problems and underlying fears that the worst is still ahead, fell fast and hard Friday.
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Stocks closed lower after financial giant Citigroup halted its stock buyback plan and said it and two other big U.S. banks will create a multibillion-dollar fund in order to support the struggling commercial debt market.
General Electric said Friday that third-quarter profit rose 13.8%, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units.
The chief executive of BP on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing "unacceptably high" costs.
A major power generator agreed in a court settlement Tuesday to spend $4.6 billion to reduce chemical emissions blamed for spreading smog and acid rain across the Northeast.
U.S. investor Warren Buffett's Berkshire Hathaway has sold shares in top Asian oil and gas producer PetroChina for the sixth time since July, slashing its holding by nearly half overall to cash in on a lucrative holding.