The "Fast Money" traders look at the pressure on oil companies, and debate the trade on the energy crush. Tim Seymour shares his top picks in the space.» Read More
Transocean’s corporate motto is “We’re never out of our depth.” But after last month’s fatal explosion on a Transocean oil rig in the Gulf of Mexico, that assertion is open to question.
The euro fell broadly on Monday, after the Spanish central bank's takeover of a savings bank added to jitters about debt problems in some of the weak euro zone countries. Where should investors be putting their money? Jason Trennert, chief investment strategist and managing partner at Strategas Research Partners, shared his views and investment strategies.
In the days since President Obama announced a moratorium on permits for drilling new offshore oil wells and a halt to a controversial type of environmental waiver that was given to the Deepwater Horizon rig, at least seven new permits for various types of drilling and five environmental waivers have been granted, according to records. The NYT reports.
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The Dow popped over 100 points in the final minutes of trading Friday after a yo-yo session — and a rocky week. Financials gained. Dell was among a handful of decliners.
Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields.
BP says the amount of crude it's siphoning from the Gulf of Mexico leak fell to 2,200 barrels a day, down sharply from a capture of 5,000 barrels reported yesterday, due to a change in the flow of oil from the ruptured undersea well.
Germany's parliament approved the $1 trillion effort to stabilize the euro, though the opposition Social Democrats voted to abstain. The German contribution will be about $183 billion, as well as a $22.4 billion euro contribution to Greece. The US Senate passage of their version of the financial reform bill still creating uncertainty...
US stock index futures pointed to little change at the open Friday, with European markets also struggling, following a drubbing in the previous session as the Dow saw its worst point loss in 15 months.
On the same day the Gulf of Mexico oil slick contined to spread—while lawmakers were feeding the public live video of the catastrophe—the oil giant BP responsible for one of the country’s worst environmental disasters was lauded as a hero.
The Environmental Protection Agency has ordered BP to use a less toxic chemical dispersants to break up the oil spill from its broken undersea well in the Gulf of Mexico.
Beneath the subarctic forests of western Canada, deep under the peat bogs and herds of wild caribou, lies the tarry rock that is one of America’s top sources of imported oil. The NYT reports.
The Dow tumbled over 100 points, or 1.1 percent, led by financials, as the dollar gained against the euro. Walmart was the lone gainer on the Dow. Oil ended below $70 for the first time this year.
Stocks continued to slide in choppy trading Tuesday as the dollar gained against the euro. Financials were the biggest drag after Germany issued a proposal to ban naked short-selling.
The euro may be weakening, but it maintains a strong grip on the world's stock and commodities markets. For that reason, investors are keeping an eye on a full meeting of European finance ministers in Brussels Tuesday.
Stocks erased their losses in the final half-hour of trading Monday as consumer and tech stocks advanced.
Stocks declined Monday as steep slides in commodity prices hit energy and materials, while a weak Empire State manufacturing report put a damper on investor sentiment.
I am expecting the SEC to issue a preliminary report on the causes of the May 6 drop today or tomorrow. Along with the preliminary report, they will separately be issuing details on individual stock circuit breakers. Sources tell me that the single stock breaker will kick in when an individual stock drops 10 percent in a 5-minute period; this will halt trading in that stock for 5 minutes across all trading platforms.