Oil companies would cover the fee under the plan, which would have difficulty clearing the Republican-controlled Congress.» Read More
First, Merrill Lynch has put a price on CDOs and sold them. Yes, it's $0.22 on the dollar, but at least it is a price, and that is what the Street is looking for. Second, the Conference Board consumer confidence index was up, particularly the futures expectation component was up, off the record lows, which dovetails with the uptick in University of Michigan confidence numbers.
Investors are closely watching quarterly reports from Exxon this week to gain new insights into the energy bubble. What will they reveal?
Jon Hilsenrath of The Wall Street Journal offered his weekly "Five for five": the five companies and their stocks that you must pay attention to this week.
Oil was down last week, and we had some decent economic numbers on Friday, so the questions on everyone's mind is what groups might be overbought/oversold to play for a short-term bounce. The chief groups are energy and financials.
In Friday’s Web Extra the traders talk energy. What are their best "power plays" for the week ahead.
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
Like a sailing ship waiting for the wind to shift, the stock market could drift as it focuses on oil, economic data and earnings reports in the week ahead.
The world's five largest fully publicly traded oil companies are expected to, yet again, report record profits next week, thanks to high oil prices, even as investors fret over the recent pullback in crude.
Stocks remained fairly range-bound this afternoon, but finished slightly to the upside. The Dow’s 119-point range today is its narrowest in just over a month. However, many of the sectors that performed poorly yesterday continued to be disappointing today.
The State Department's inspector general is investigating Iraqi oil contracts after four Democratic senators complained that department employees may have encouraged lucrative oil deals between Iraq and several Western companies.
The next six months will be a buyer's market, Cramer says. Plus, more on XTO Energy, Wachovia, and the much-anticipated XM-Sirius merger.
A chemical tanker split a fuel barge in half on the Mississippi River on Wednesday, spilling thousands of gallons of fuel oil and forcing the closure of a 58-mile (93-km) stretch from New Orleans southward that could last for days, a U.S. Coast Guard spokesman said.
Cramer offers his take on this much-anticipated merger.
Maybe Wall Street really is drunk. Somehow the Biblical parable ''the last shall be first and the first shall be last" is shaping up to be the dominant theme this earnings season. E.g., in the past two weeks, the Financial and Discretionary sectors have dominated the market...
U.S. Gulf of Mexico producers had shut 5 percent of natural gas production and nearly as much oil output on Tuesday ahead of Tropical Storm Dolly, which is expected to hit the U.S.-Mexican border on Wednesday, the U.S. government said.
Tropical Storm Dolly continued to strengthen slightly early Tuesday as it moved over the warm waters of the western Gulf of Mexico towards the Texas-Mexico border.
Stocks finished the day mixed, as disappointing earnings from Microsoft and Google dragged down techs, but gained 3.6 percent for the week, helped by a rally in bank stocks and a sharp drop in oil prices. Oil ended the week down 11 percent at $128.88 a barrel.
Volatility reigned as the Dow closed below 11,000 for the first time since July, 2006 on Tuesday, followed by a market rally and the biggest 3-day gain of the Dow since March, 2003.
Sure Google's sales and earnings grew -- are growing -- much faster than IBM's. But aside from the two tech bellwethers having comparable market caps of about $170 billion, that's about where the comparisons end.
Oil prices fell below $130 a barrel for the first time in more than a month Thursday. Is the bull run, done?