To no one’s shock or awe, President Obama reversed his decision from two months ago to allow oil drilling off the Virginia coast. In his press conference yesterday the president also extended the moratorium on new deepwater drilling permits for six months and postponed Shell’s plan to drill exploratory wells off the Alaska coast.
This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.
Republican Congressman Charles Boustany of Louisiana says the Obama administration move is a" knee-jerk" reaction to the BP oil spill disaster.
U.S. stock index futures pointed to a lackluster open Friday as investors waited for key economic data to verify that recovery is building momentum.
Stocks wind down what's shaping up to be the worst May since 1962 but could end the week on an upswing, if there's no fresh bad news from Europe.
The Lightning Round is extended in this CNBC.com exclusive feature.
On Thursday President Obama made it clear that if oil drilling was to continue, it would be under his watchful eye.
Stocks ended the session on a high note, led by energy, tech and financials. The Dow gained more than 250 points while other major averages also finished strongly.
BP shares have tumbled more than 25 percent since the explosion in the Gulf coast last month, but are trading higher Thursday. Is this a good time to get into the firm? Mark Gilman, oil analyst at The Benchmark Company, shared his insights.
Right now, traders are focused on 1086 in the S&P, says Steve Grasso. If that level can hold the next key technical level will be...
In 2005, President Bush received massive criticism for what many viewed as a slow response to Hurricane Katrina. Five years later...
Confused yet? Stocks rallying worldwide, but off their highs, as China denying it is reviewing its holding of euro sovereign bonds, while Spain won parliamentary backing for an austerity budget (by a single vote!). Few believe this...
In a television interview the other day with George Stephanopoulos, James Carville registered his disbelief that the White House did not immediately seize upon Deepwater Horizon to exploit for political gain. ... Therefore, with the oil complex bracing for a barrage of blame when Obama travels to Louisiana tomorrow, the sector will continue to come under pressure.
Market opportunities are plenty but resist temptation and wait for prices to fall further, says Beat Lenherr, chief global strategist at LGT Capital Management.
Several days before the explosion on the Deepwater Horizon oil rig, BP officials chose, partly for financial reasons, to use a type of casing for the well that the company knew was the riskier of two options, according to a BP document. The NYT reports.
U.S. stock-index futures pointed to a strong open on Wall Street Thursday, helped by more strength from European stock markets and China's assurance it is not planning on getting rid of European debt.
Stocks were off their sessions high, pulling back after European markets closed but still positive after enduring days of whipsaw trading.
With a market correction well underway, it makes sense to analyze how you are making investment decisions as the risk trade unravels. There are lessons to be learned even in today’s unsettled market
A memo offers the most detailed accounting of the events and decisions made aboard the Deepwater Horizon in the final hours before the April 20 blast, the New York Times reports.
As if trading oil isn't hard enough, how should you game the space now considering all the rapid developments related to the spill.