The latest plan to stop the oil flowing from a BP site in the Gulf of Mexico may not work as well as originally hoped, the U.S. Coast Guard said Thursday. Many experts are now planning for the worst. What is the long-term impact of the spill on the economy? Steve Blitz, senior economist at Majestic Research discussed his insights.
Markets climbed modestly on Thursday, after reports showed a drop in jobless claims and a rise in hiring. How should investors be positioned in this environment? Robert Weissenstein, CIO for private banking-Americas at Credit Suisse, and Alison Deans, former chief investment officer at Neuberger Berman and current CNBC contributor, shared their insights.
Stock futures were slightly higher early Thursday, as European and Asian markets have rebounded strongly following yesterday’s rally in the U.S. Futures have held steady throughout the morning with their gains intact even after the flurry of economic data and retail sales reports this morning.
The chatter began weeks ago as armchair engineers brainstormed for ways to stop the torrent of oil spilling into the Gulf of Mexico: What about nuking the well? The NYT reports.
Markets are already looking ahead to Friday's jobs report, and for that reason, even more weight than usual will be given to Thursday's weekly jobless claims and ADP's private sector jobs data.
Both the S&P and Dow closed higher on Wednesday after investors rushed into the market late day and gobbled up stocks. Why now?
Stocks logged their third best day of the year Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
In almost a flip-flop of yesterday (Tuesday), the markets posted a strong late-day rally Wednesday afternoon. The major indices finished the day up well over 2 percent, closing the session at the highs of the day — quite a contrast to yesterday’s drop at the end of the day. Leading the rally today are sectors that were noticeably beaten up yesterday...
Since the Deepwater Horizon rig leased by BP caught fire and sank on April 20, natural gas prices have gone up, and gone down and now seem headed north again.
A day after the US Coast Guard revealed that the sinking of an oil rig licensed by BP was leaking 1,000 barrels of crude oil a day into the Gulf of Mexico, the Chicago Cubs and the Chicago White Sox announced that their interleague games would be sponsored by the oil company in what would be called the “BP Crosstown Classic.”
Stocks remained higher Wednesday, led by energy and financials, as investors grabbed bargain shares beaten down in the prior session's selloff. A report showing pending-home sales hit a six-month high gave the market an extra boost.
In 1979, an accident at Pennsylvania's Three Mile Island nuclear power plant caused a serious and lasting impact on the nuclear power industry...
Stocks bounced back Wednesday, led by energy and financials. A report showing pending-home sales hit a six-month high gave the market an extra boost.
The White House’s answer for Deepwater Horizon…Send in the lawyers! Apparently, the U.S. government has decided the best way to help BP plug the leak in the Gulf of Mexico is to open a criminal probe. ... Little wonder then why the complex collapsed and volatility surged to kick off this abbreviated trading week.
After losing steam late in the session yesterday (Tuesday), stocks had pointed to a higher open this morning. (Note: US markets did open higher, led by energy and financials.) But in a fairly rare sight, stock futures are advancing as the U.S. Dollar Index rises and commodities fall.
US stock index futures edged higher Wednesday after losses on Tuesday, though European stocks were down in early trade as risk-averse investors avoid equities on fears about the strength of the world economic recovery.
A Washington, DC company called First Line Technology has developed a product that could help in the clean up of the Gulf oil spill. It's just one of several ideas from private entrepreneurs hoping to assist in the effort.
As the broader market wrestles with BP’s unforeseeable future Scott Nations of NationShares suggests using options to hedge against the horrors and the headlines.
Late day weakness on Tuesday largely stemmed from the energy sector. Because it's such a big part of the S&P, could energy derail this bull all together?
As experts debate the sustainability of the economy's recent upswing, Mike Shinnick, portfolio manager at the four-star rated Wasatch-1st Source Long/Short Fund, said his firm is employing a value-investing strategy that combines both short- and long-term positions.