Oil futures plunged on a surge in supplies of U.S. oil and a record level of gasoline.» Read More
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.
Stocks opened higher Monday after Greece was offered a bailout package of more than $145 billion by the European Union and the IMF.
While the BP oil spill costs $6 million a day, the wind, the sun, moving water, biomass, and geothermal resources don’t spill. Once the technology is in place to use them, the fuels cost nothing and therefore provide economic and geopolitical certainty.
Is the U.S. decoupling again? U.S. stock opened higher, though Greece and Spain are both down about 1 percent on concerns that contagion has not been contained and there will be more bailouts.
US stock index futures were indicating a higher open for Wall Street Monday, after Greece was offered a bailout package of more than $145 billion by the European Union and the IMF.
The surface area of a catastrophic Gulf of Mexico oil spill quickly tripled in size amid growing fears among experts that the slick could become vastly more devastating than expected.
Officials from BP have successfully tested a chemical that attaches itself to oil and weighs it down to the ocean floor, where there are natural forces that absorb the oil, CNBC has learned.
As fears mount that the leak from a seabed oil well could spiral out of control, the White House said President Obama would tour the area “in the next 48 hours,” The New York Times reports.
The question for markets in the week ahead will be whether to ride a wave of better economic and earnings news—or give in to a growing list of worries.
Stocks shed 1.4 percent Friday, . Goldman Sachs tumbled on reports of a federal probe, prompting investors to unload bank shares. The Dow was down more than 130 points, or 1.2 percent, with 10 minutes to go on the clock.
The new reputational/political risk associated with the market in key stocks (BP, Goldman, Massey) is the biggest story of the week. A good example of the uncertainty in the trading community is a note sent out by Buckingham Research this afternoon regarding Goldman. It is titled: Litigation/Political Risk Too Difficult to Handicap...
Oil service names weighed heavily on the S&P 500 as oil from the massive spill in the Gulf of Mexico oozed into Louisiana's ecologically rich wetlands.
Oil analysts and environmental experts say the economic impact of the Gulf coast oil spill could grow dramatically, as the leak continues and the slick spreads.
High winds and rising surf are forcing the oil to shore more quickly and over a wider space. Florida has declared a disaster area, and there is little doubt that it will affect Mississippi and Alabama, too
With oil from a huge spill in the Gulf of Mexico beginning to lap at the shores of coastal Louisiana Friday, crews are getting in place to assist wildlife. Scenes like this are familiar to Procter & Gamble, the maker of Dawn dish detergent, which is often used to clean birds' oil-soaked feathers.