It seems unthinkable, even now, that the disastrous oil spill in the Gulf of Mexico could bring down the mighty BP. But investment bankers get paid to think the unthinkable — and that is just what they are doing. The New York times explains.
U.S. stock index futures struggled to find direction Tuesday, reversing earlier gains as European shares pushed lower and the euro lost early gains.
With no consensus among experts on how much oil is pouring from the wellhead, it is hard, if not impossible, to assess the containment cap’s effectiveness. The NYT reports.
Soured by last week's U.S. employment report, investors are heading to the high ground in an effort to avoid fall out from Europe.
Don’t trust a move higher, Cramer says, until these six problems are solved.
It's possible that the current oil leaking into the Gulf of Mexico could last a year, said oilman T. Boone Pickins, citing similar leaks.
A machine known as the Voraxial Separator uses force to pull apart oil and water that have mixed together and could be helpful in cleaning up the Gulf of Mexico spill.
As officials reported a gradual increase in the amount of oil being captured from a spewing wellhead at the bottom of the Gulf of Mexico on Monday, BP said it plans to replace the cap collecting the crude with a slightly bigger device next month.
Stocks fell sharply after a late selloff Monday after a report showed consumer credit rose slightly. Industrials, financials and tech were the weakest links.
Last week’s market turmoil may have rattled investors, but there are still buying opportunities for those looking to get into the market—though analysts differed on the best investments.
Traders are keeping a close eye on the S&P after it slipped to 1060 then bounced. What should you be watching, now?
It isn't a question of "if" the BP oil spill movie will be made, but when. Since I live in Hollywood, it is my duty to help with casting.
The euro fell below $1.19 for the first time in more than four years on Monday but recovered most of its losses as U.S. stocks rose slightly and strong German manufacturing data pushed investors to buy back the currency. Ashraf Laidi, chief market strategist at CMC Markets discussed his insights.
Stocks see-sawed Monday as investors were encouraged by strong German factory data but the market remained jittery.
BP is trying to defend its corporate image with a major ad campaign after causing the largest oil spill in US history. The campaign includes a TV commercial featuring BP CEO Tony Hayward apologizing for the environmental disaster and explaining to viewers what the company is doing to repair the damage. The campaign has been met with mostly criticism.
I've just returned from a week in Charleston, South Carolina, where the shrimp fisherman are starting to see higher prices for their shrimp due to limitations on fishing in the Gulf. Also: Hedge funds are in trouble. And the first evidence of earnings impact from the 6-month oil drilling moratorium is being seen today.
BP, already bedeviled by an out-of-control oil spill in the Gulf of Mexico, now finds itself with one more problem: Tony Hayward, its gaffe-prone chief executive. The NYT reports.
A hodgepodge of oversight agencies granted exceptions to rules, allowed risks to accumulate and made a disaster more likely on the Deepwater Horizon rig, the New York Times reports.
The weakening euro could continue to strong-arm markets in the week ahead, as investors worry about contagion from Europe's sovereign debt crisis and the potential for a bigger setback in the U.S. economic recovery.
The legendary oilman discusses the possibility for sky-high crude prices, the potential of natural gas and BP’s spill in the Gulf of Mexico.