Australia has several characteristics conducive for commercializing its shale-rich regions.» Read More
Stocks closed on a positive note after several wild swings that ended an equally volatile week.
After years incubating in laboratories, then nurtured as start-ups by green-leaning venture capitalists, the clean-tech sector is finally getting serious attention from deep-pocketed investors who are seeing clearer exit strategies through an increasing number of successful public listings.
Solar, biofuels, energy efficiency, wind, water – not to mention upstart stocks -- can be bewildering even for disciplined investors. That’s why a recent spate of green or clean tech exchange-traded funds may be a welcome addition.
The bulls got what they wanted--nonfarm payroll TWICE the estimate at 160,000. Remember the game now: good news is good news, that is, we need strong economic data now to dampen down recession and larger slowdown fears. S&P futures up 10 points. Strength was in professional and business services, leisure and hospitality strong.
Chevron's third-quarter earnings fell more than 25 percent, missing analyst estimates on sharply lower profits from gasoline production.
A blowout jobs number gave stocks an initial lift, but already some bond market skeptics are doubting the reliability of the data. For now, stock traders are looking at good news as good. October jobs were reported at 166,000. double expectations of 80,000. The jobless rate came in at an expected 4.7 percent.
Stocks closed sharply lower as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy.
Sell the financials and buy the oversold mineral and oil stocks, Cramer said.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Concerns that retail earnings and same store sales might be on the light side are being born out, at least initial numbers. Men's Wearhouse cut its forecast for third quarter profits, citing "continued softening in traffic trends." American Eagle saw a decrease of 5% in September comparable store sales, citing lower traffic and unseasonably warm weather.
Oil futures surged Wednesday in a late rally driven by news that workers at Chevron facilities in Nigeria had staged a surprise strike, and by a report that demand for gasoline is up.
Stocks bounced off session lows to close mixed on Wednesday but a late afternoon rally fizzled as investors were wary of initial quarterly earnings reports which came in largely below forecasts.
Many investors were expecting third-quarter earnings to be bad. And so far they haven't been disappointed.
Market is dealing with several problems today: 1) Boeing down more than 3% after it delayed deliveries of its 787 Dreamliner for six months, due to problems assembling the plane. Though they say it won't materially hurt 20087 or 2008 earnings, it is still a surprise.
Chevron's commentary last night are a tad disturbing for a couple of reasons. It's not the obvious things: they lowered earnings partly on weaker margins for refined products. This was somewhat expected, given that we knew oil prices were high and gasoline prices did not move up as much, so refiners have seen their margins squeezed.
Oil refiner Valero Energy expects sharply lower quarterly profit due to a drop in refining, throughput and product margins, the company said on Wednesday.
Chevron said Tuesday it expects its third-quarter earnings to be significantly below the $5.4 billion it earned in the second quarter due to a sharp drop in its refining margins.
Italian Prime Minister Romano Prodi, arriving in Kazakhstan on Sunday, said specialists were working on potential solutions to a dispute between Kazakh authorities and Italian oil company Eni.
ConocoPhillips Chief Executive James Mulva said on Wednesday he was "encouraged" by talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.
Kazakhstan softened its rhetoric on Wednesday in a row over production delays with a group of oil companies led by Italy's Eni, saying it hoped to resolve environmental concerns at the offshore oilfield.
Stocks moved to session highs on Wednesday on speculation billionaire investor Warren Buffett was considering taking a 20% stake in Bear Stearns. The New York Times reported on its Web site that Bear Stearns was in serious talks with several outside investors, including Buffett.