When a pipe bursts, your first response is to cup the leak. In the simplest terms, that’s the idea behind a massive structure the company Wild Well is building in Port Fourchon, La., to contain some of the spewing oil from the ongoing BP disaster in the Gulf of Mexico.
With the Dow plunging more than 200 points on Tuesday, is this the start of the market correction that bears have been calling for? Alan Valdes, vice president of Kabrick Trading, and Warren Meyers, CEO of Walter J. Dowd, offered CNBC their global market outlooks.
The Dow plunged more than 200 points Tuesday as the dollar rallied against the euro amid worries about the European debt crisis.
Was the initial reaction to the Gulf spill overdone with investors dumping BP and Transocean en masse? Or is the worst yet to come?
The oil spill in the Gulf of Mexico is bad — no one would dispute it. But just how bad? The New York Times explains.
The massive oil spill in the Guld of Mexicso is having ripple effects on U.S. oil and natural gas production. Two offshore natural gas platforms have already been shut down.
Stocks closing near highs for the day; the big beta names are the movers. REITs, Transports, Home Builders, Retailers, Casinos all leading the charge. Dow Transports the first of the major indices to punch through to new closing high. BUT also bear in mind that this is the first day of the month, when new trades are often put on.
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A fourth-generation oyster producer in Louisiana told CNBC Monday that the oil spill and its potential impact on his business is “scary.”
A boycott against the state of Arizona's new immigration law has spread to New York, as misinformed protestors attack New-York based AriZona Beverage Company, the maker of AriZona Iced Tea.
Shipping in and around the Gulf of Mexico is business as usual, in spite of the oil spill, in this heavily trafficked area. But should the oil spill spread, higher shipping rates could result, an analyst told CNBC Monday.
No selling in May today. How should you ride this bull?
The Dow jumped 1.3 percent Monday, its biggest gain in over two months, after some positive U.S. economic reports and details of a European financial rescue package for Greece.
The massive oil spill in the Gulf of Mexico has negatively impacted the shares of the companies involved. Will it have a direct effect on crude oil prices? Jason Gammel, managing director of research at Macquarie, and Fadel Gheit, managing director and senior analyst at Oppenheimer, offered CNBC their insights—and stock calls.
Plus, this homebuilder is on its way to $8.
Though the oil gushing into the Gulf of Mexico shows no sign of abating, analysts don't expect that to drive up gasoline prices as long as the shipping lanes remain open.
Three separate catalysts triggered a strong rally on Monday. How should you be positioned in the wake of this market trifecta?
Stocks advanced on this first trading day of May after some positive economic reports and details of a European financial rescue package for Greece provided some measure of relief.
BP should be allowed to contain the massive oil spill and head the cleanup operation in the Gulf of Mexico, a leading energy expert told CNBC Monday.
A chemical compound that breaks down oil into droplets so that bacteria can eat it may be part of the solution to Gulf of Mexico oil spill.