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  • Dow Rebounds After Manufacturing Reports Tuesday, 1 Jun 2010 | 11:53 AM ET

    Stocks erased their losses Tuesday after a pair of encouraging U.S. manufacturing reports.

  • New Month, Same Story: Risk Aversion Tuesday, 1 Jun 2010 | 10:51 AM ET

    Risk aversion continues to be at the center of attention to kick off June. Following the Dow’s worst May since 1940, U.S. stock futures were notably weaker this morning. Also weighing on the European markets: political instability as Germany’s President Hoerst Koehler resigned and worries over future downgrades of European debt.

  • Where Will BP Stand in One Year? Tuesday, 1 Jun 2010 | 9:06 AM ET
    Crisis in the Gulf

    As effort after effort to stop the giant leak in the Gulf of Mexico fail, we want to know where you think BP will stand one year from now. Share your opinion in our poll.

  • Futures Point to Further Slide; BP Tumbles Tuesday, 1 Jun 2010 | 7:59 AM ET

    US stock index futures indicated a sharply lower open for Wall Street on Tuesday, with European markets also struggling, following an aggressive sell-off last week which served as a harsh end to the Dow's biggest May point drop in history.

  • BP Ripe for Takeover? Not Really, Analysts Say Tuesday, 1 Jun 2010 | 4:49 AM ET
    BP headquarters in London.

    BP’s stock price has plummeted over the past month, sparking talk on whether it is vulnerable to a takeover. But given the massive uncertainty surrounding the costs of the oil spill, BP may prove to be a cheap, but messy target, analysts told CNBC.com.

  • BP Tries, Again, to Divert Oil Leak With Dome Tuesday, 1 Jun 2010 | 1:59 AM ET
    Crewmen aboard the motor vessel Joe Griffin look on as the mobile offshore drilling unit Q4000 lowers a pollution containment chamber May 6, 2010 in the Gulf of Mexico. The chamber was designed to cap the oil discharge that was a result of the Deepwater Horizon incident.

    Unable for six weeks to plug the gushing oil well beneath the Gulf of Mexico, BP renewed an effort  to use a dome to funnel some of the leaking crude to a tanker on the surface, the NYT reports.

  • White House Struggles as Criticism on Leak Mounts Monday, 31 May 2010 | 2:24 AM ET
    A BP cleanup crew shovels oil from a beach on May 24, 2010 at Port Fourchon, Louisiana. BP CEO Tony Hayward, who visited the beach, said that BP is doing everything possible to clean up the massive oil spill still gushing into the Gulf of Mexico.

    The Obama administration is scrambling to respond to the failure of the latest effort to plug the gushing oil well in the Gulf of Mexico amid fears that the leak could continue until August. The NYT reports.

  • BP Resumes Work to Plug Oil Leak After Facing Setback Sunday, 30 May 2010 | 11:39 PM ET
    Video still of oil spill in the Gulf of Mexico.

    BP resumed pumping drilling fluid into a stricken oil well after stopping late Wednesday when engineers saw that too much of the fluid was escaping along with the leaking crude oil, the NYT reports.

  • Video still of oil spill in the Gulf of Mexico.

    After failing again to cap the Gulf of Mexico oil well,  BP scrambled Sunday to end the spill that one official called the biggest US environmental disaster ever.

  • Euro bills and coins

    Wall Street may finally shift its focus back to the U.S. economy, after weeks of zeroing in on problems in the euro zone. The big report of the week? Friday's May employment number, which could be a game-changer.

  • Double-Dip or Recovery? What the Pros Say Friday, 28 May 2010 | 6:46 PM ET

    Friday markets ended with a precipitous selloff that made for the worst May since 1962 and worst month in general since November 2008. Are US markets headed for recovery, or is a double-dip in the works? CNBC heard from expert economists, strategists and investors. See what they had to say...and decide for yourself.

  • On a week that saw Apple surpass Microsoft in market cap, the BP oil spill continue to impact the ecosystem and drillers, Spain lose its AAA rating, and the worst May performance for the Dow since 1940, and the S&P since 1962, the major indexes managed to end the week on a positive note, except for the Dow which closed down slightly.

  • Investors Prepare for Cruel Summer Friday, 28 May 2010 | 5:45 PM ET

    Sellers dominated May with the Dow's total monthly loss totaling 8%; that's the worst May drop since 1940. Are we in for a cruel summer?

  • Late Selloff Closes May at Nearly 8% Loss Friday, 28 May 2010 | 4:07 PM ET

    Wall Street limped to the finish of an ugly May, dropping on European debt fears and lackluster economic news, though stocks were well off their lows heading into a holiday weekend.

  • Given the recent Gulf oil spill and the company's response...

  • Schork Oil Outlook: History Favors Bulls Friday, 28 May 2010 | 12:19 PM ET

    To no one’s shock or awe, President Obama reversed his decision from two months ago to allow oil drilling off the Virginia coast. In his press conference yesterday the president also extended the moratorium on new deepwater drilling permits for six months and postponed Shell’s plan to drill exploratory wells off the Alaska coast.

  • Bull Market to Continue For 'Another Couple of Years' Friday, 28 May 2010 | 11:23 AM ET

    This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.

  • Lift Six-Month Shallow Water Drilling Ban: Congressman Friday, 28 May 2010 | 11:02 AM ET
    Rep. Charles Boustany

    Republican Congressman Charles Boustany of Louisiana says the Obama administration move is a" knee-jerk" reaction to the BP oil spill disaster.

  • Market Looking Flat Ahead of Holiday Friday, 28 May 2010 | 8:43 AM ET

    U.S. stock index futures pointed to a lackluster open Friday as investors waited for key economic data to verify that recovery is building momentum.

  • Wall Street sign

    Stocks wind down what's shaping up to be the worst May since 1962 but could end the week on an upswing, if there's no fresh bad news from Europe.