When the leaders of America's cities gather this weekend in Oklahoma City for the US Conference of Mayors, they will be faced with a late addition to the agenda, an emergency meeting on the BP oil spill.
Stocks eked out a gain Friday after struggling all day as investor weighed a better-than-expected reading on consumer sentiment against a disappointing retail-sales report.
Lawyers are using tactics such as radio and TV ads to sign up clients to sue BP, reports the NYT.
That’s what the Mad Money host’s oil friends are saying. Plus, get calls on pharma, the banks, semis and more.
It has been a reverse-gusher of a week for Anadarko, a 25 percent investor in the BP drilling disaster. Its stock has been the worst performing on the S&P 500 this week, as investors anguish over Anadarko’s possible liability.
The US-UK spat over BP is a serious topic of discussion among traders. They are worried that this could get out of hand. They are worried that the meeting between the president and BP officials scheduled for next week will turn into another public humiliation of BP.
"The recent market collapse has once again rewarded the short sellers," says the head of a website that tracks daily short movements. "Short selling is back."
Art Cashin explains why the last hour of trading has seen a pullback—even if stocks were higher throughout the day.
Investors seemed to be at a loss for moves on Friday with technicals favoring the bears but fundamentals appearing bullish.
Stocks pared their losses Friday after a report that showed consumer sentiment came in better than expected. Art Hogan, director of global equity products at Jefferies, shared his market outlook.
S&P futures dropped 6 points on the disappointing U.S. May retail sales. But it was noted that building material sales were notably weak, down 9.3 percent, which may be due to the expiration of the homebuyer tax credit. Still, motor vehicle parts were down 1.7 percent, clothing sales were also down 1.3 percent. Sales up at restaurants, sporting goods, furniture. Elsewhere this week the news has been more positive...
Stocks struggled to hold onto gains Friday after getting a boost from a better-than-expected reading on consumer sentiment.
US stock index futures searched for direction Friday, as Chinese inflation quickened to a 19-month high in May and Spain denied reports that it had made a request of aid from the European Union.
American populist rhetoric threatens to destroy not only one of Britain’s most cherished companies, but the “special relationship” between the United States and Britain, analysts told CNBC Friday.
There's a bit of a British backlash over BP. They're upset over the way the White House is treating the company after it caused the biggest environmental disaster in US history. We want to know if you think the Brits are being overly sensitive. Share your opinion in our poll.
After Thursday's big rally on Wall Street, markets on Friday will turn their focus to retail sales and consumer sentiment data.
Stocks rose on Thursday after a drop in jobless claims and confirmation of strong Chinese exports. Are we seeing a bounceback—and how should investors approach the markets? Mark Travis, CEO of Intrepid Capital Funds, discussed his best plays.
Over the past several weeks Goldman has been leading the S&P by about a couple hours. But on Thursday they decoupled. How will they reconcile on Friday?
Stocks were higher in afternoon trading Thursday, led by energy and industrials, as encouraging economic news out of the U.S. and China fueled recovery hopes.
In what may be a spoof so hilariously on target you'll want to cry, UCBcomedy has imagined what might happen if a cup of coffee spills during an executive meeting at BP headquarters. "Sir, I think we may be underestimating the size of the spill." It goes from bad to worse. Then the Halliburton guys show up.