The federal Minerals Management Service gave permission to dozens of oil companies to drill in the Gulf of Mexico without first getting required permits from another agency, the NYT reports.
Scientists and environmental groups are raising sharp questions about the size of the oil leak in the gulf, estimated at 5,000 barrels a day, declaring that the leak must be far larger. The NYT reports.
Cramer makes the call on viewers' favorite stocks.
It appears some of the energy companies called to Capital Hill may actually benefit from being grilled by lawmakers.
Over the past few years, the outlook from Cisco CEO John Chambers has been spot on. That combined with technical action makes the traders nervous.
The CBOE volatility index, widely considered the best gauge of fear in the market, is trading above 25 today. Is this volatility good for the market? James Hardesty, president, market strategist and chief economist at Hardesty Capital Management and David Hefty, CEO of Cornerstone Wealth Management shared their insights.
Public attitudes toward the economy have created ominous political problems for the Democratic Party and for Wall Street, according to the new NBC News/Wall Street Journal poll.
The Obama administration on Tuesday proposed breaking up the agency responsible for both policing the oil industry and acting as its partner in drilling activities, seeking to end a decades-old relationship between industry and government that has proved highly profitable — and some say too cozy — for both. The NYT explains.
Political patience is washing away for BP executives who can't stop a broken underwater well from spewing oil into the Gulf, where crews were trying the latest solution—submerging a second containment box designed to funnel the gusher to a waiting tanker.
The Obama administration is proposing splitting the agency that oversees offshore drilling in response to the Gulf Coast oil spill. The New York Times reports.
Two analysts told CNBC Tuesday of several views they had on how investors can benefit from the weakening euro caused by the Greek debt crisis.
Gary Gensler, the head of the CFTC, is also testifying in the House of Representatives on the cause of last Thursday's plunge. Mary Schapiro, the head of the SEC, has also released her testimony. ...There are two main points that most seem to agree upon.
With so many mixed signals in the market, should you bias toward being bullish or bearish?
While BP's Gulf of Mexico oil spill has dimmed the prospects for new offshore oil drilling, next-generation biofuels may be able to compensate for that lost production, marking the start of a bigger move away from oil.
Plus, get calls on agriculture, oil and more.
Stocks logged their biggest gains in over a year Monday after the EU and IMF agreed to a $1 trillion emergency-bailout package to stem the sovereign-debt crisis.
The SEC has issued a statement on its meeting with NYSE Chief Duncan Niederauer and Nasdaq chief Robert Greifeld: "As a first step, the parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades." But what kind of circuit breakers?
ExxonMobil is the biggest company in America and has been profitable for the last five quarters. So should investors still be buying the oil giant? Andrew Lees, portfolio manager at Invesco Energy Fund and Shawn Reynolds, portfolio manager at Van Eck Global shared their insights.
The Dow held onto a solid 400-point gain Monday afternoon after the EU and IMF agreed to a $1 trillion emergency-rescue package for Greece and other nations over the weekend. Industrials and financials, the hardest hit last week, led the pack.
Top hats and junk shots are on the list of possible next steps as BP, casting about after a 100-ton containment box failed, settles in for a long fight to stop its uncontrolled oil gusher a mile under the Gulf of Mexico.