As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.» Read More
For the week ending Friday, September 5, 2008, the U.S. markets ended in negative territory for the week after weak employment data and declines in auto and retail sales pointed to weaker consumer spending and a greater economic slowdown. The unemployment rate jumped to a 5-year high, soaring to 6.1%. On Thursday, the three major Indices fell back into bear market territory by dropping 20% from their market peaks set last fall. Both the Dow & Nasdaq Composite had their worst daily closes since July 26, with drops of more than 340 points for the Dow and 75 points for the Nasdaq.
Wednesday's weather models reinforce that Hurricane Gustav could be the most powerful storm to rip through Gulf of Mexico oil and gas production areas since Katrina. It will be the first storm to test the industry's efforts to reinforce its oil and gas production infrastructure.
Futures popped nearly 10 points as durable goods jumped more than expected. Dollar rallies a bit but is still down, bonds decline. Commodities up as the dollar is a bit weaker today. While oil is up $1.82 to $118.09, it is a fairly poor response to Gustav and the tensions with Russia. Airlines are weaker.
Cramer makes the call on viewers' favorite stocks.
Big retailers are not only putting solar energy systems are the roofs of their stores, they're getting in the residential solar panel business. But don’t expect an install-it-yourself kit any time soon.
If the trading seems a bit tentative and confusing, you're on the right track. And don't blame it on traders on vacation; there's plenty of that, but there's a reason for the market's uncertainty.
The sharp drop in oil and natural gas prices has produced an even sharper pullback in energy stocks, creating what may be one of the best buying opportunities in years!
U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.
Tropical Storm Edouard forced shut a huge U.S. offshore oil port, a refinery, some oil production and disrupted shipping as the storm raced toward the Texas-Louisiana coast on Monday.
Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little gasoline sales.
The Dow and S&P 500 climbed higher on Wednesday after an unexpectedly strong report on the job market offset a surge in oil prices.
Oil rose more than $4 a barrel on Wednesday after U.S. government data showed an unexpected drop in gasoline stocks...
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.
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.
After years of false starts, a new industry selling motor fuel made from waste is getting a big push in the United States, with the first commercial sales possible within months.
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.
Jeffery Saut at Raymond James and Allan Nichols at Morningstar shared their insights on why you want dividend stocks -- and which ones to buy.
If war in Iraq was largely over oil, as former Federal Reserve chairman Alan Greenspan essentially admitted, Western oil companies might have done better had they convinced the Bush Administration not to do them any favors.
Legendary oilman Boone Pickens joined CNBC to share his energy-market insights. The billionaire investor and CEO of BP Capital answers viewer questions.
Raided by security services, its board paralyzed, key technical experts barred from working and deluged with court cases and labor inspections, TNK-BP is a struggling $38 billion oil company.