Get used to seeing more energy deals like today's announcement from Apache about its purchase of Mariner Energy for $2.7 billion in cash and stock. Mariner is an independent oil and gas producer, with deepwater operations, principally in the Gulf of Mexico. Apache is a big oil and gas producer.
Stocks wavered on Thursday after a report showed initial claims for unemployment benefits rose unexpectedly for the second straight week. Bruce Kasman, chief U.S. economist at JPMorgan and Paul Schatz, president at Heritage Capital, shared their insights.
On Monday Citigroup said the rapidly rebounding economies of China and India should buoy demand for major coal producers. Is Citi late to the game?
Stocks advanced on Monday and the Dow surpassed the 11,000 mark. However, Art Cashin, director of floor operations at UBS Financial Services and Brian Piskorowski, managing director at Wells Fargo Advisors said investors should be mindful of a possible pullback in the near-term.
Firms have begun hiring again and consumers are spending again. If the economy’s recovering again, why aren’t markets roaring ahead? J.J. Burns, president of J.J. Burns & Co and Greg Peters, Global Head of Fixed Income Research at Morgan Stanley shared their insights.
The Dow briefly popped above 11,000 -- the first time it's reached that mark since September 2008 -- before settling a few points below. Chevron blazed the trail, making energy one of the day's best performers. Palm surged amid takeover rumors.
It almost feels like America is on sale considering the sheer volume of deal speculation in the market. With all the wheeling and dealing how should you trade?
The Dow continued rising toward 11,000 Friday as the dollar fell after a Greek official said the debt-riddled nation has not yet sought financial aid. Energy and consumer discretionary were among the best performers.
The Dow pushed toward 11,000 on Friday largely buoyed by the energy bulls. But that’s to say the market was without headwinds. Are these levels sustainable?
Stocks advanced Friday as commodity prices rose and the dollar fell after a Greek official said the debt-riddled nation has not yet sought financial aid.
Stocks snapped a two-day losing streak Thursday after retailers delivered their best sales numbers in a decade, reinvigorating confidence in the recovery. Banks and retailers advanced. Chips were weak.
There is a need for a concentrated energy policy like the FCC, said Mario Gabelli, chief investment officer at Gamco Investors. He shared his insights.
Stocks rose to session highs Thursday afternoon after the 30-year Treasury auction was met with satisfactory demand and banks gained.
Stocks extended their losing streak for a third day Thursday after an unexpected jump in jobless claims rattled an already skittish market.
British Prime Minister Gordon Brown said he was dissolving Parliament and set a May 6 date for national elections. How does this news translate for the U.S.? Jeffrey Saut, chief investment strategist at Raymond James, shared his views on transatlantic politics and potential market impact.
Economists are speculating that the Federal Reserve may raise the discount rate again during its board meeting on Monday. How will this move impact markets? George Dowd, director at Newedge, shared his insights.
Most of David J. O'Reilly's compensation bump came from a salary increase and a greater amount of stock and options awards; while the value of his perks nearly doubled to $517,228
According to the Labor Department, new jobless benefit claims dropped to a seasonally adjusted 439,000, marking the fourth drop in the last five weeks. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
Ahead of a long Easter Weekend, and historically on average the U.S. Major Indexes have been relatively negative on the Monday following Good Friday.
Stocks ended a strong quarter with a thud Wednesday after a disappointing report on jobs from ADP.