Chevron is cutting staff on its global energy trading desks this week, sources said on Thursday, as part of a $3 billion cost-saving plan.» Read More
The final numbers for Q3 GDP came in this morning, showing the economy contracted by 0.5%. The forecast for Q4 is that it will drop significantly more. There are, however, areas of the economy that are growing...
Traders are banking on shares of Chesapeake Energy to move higher — but not for a few months. The oil and natural gas company reached a peak near $70 in July, but has fallen hard since then to about $15.25, after spending much of autumn between $10 and $25. Options activity on Monday is focused on the April 27.5 calls...
Following are the week’s biggest winners and losers. Find out why shares of Celgene and Goldman Sachs popped while Apple and Chevron dropped.
As the auto rescue package becomes a reality for GM and Chrysler, the markets end the week mostly in positive territory, led by small caps with the Russell 2,000 up 4% for the week, even as the auto rally fizzled late Friday. Volatility waned, with the VIX falling 17.23% this week, to close at 44.93 Friday.
President Bush, General Electric and oil all came together to kill the markets.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
The Dow fell on Wednesday as investors continued to digest whether the Fed had any more ammunition left after its bold move on Tuesday...
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
Stocks ended higher Friday after a topsy-turvy day of wondering if auto makers would get a bailout or face bankruptcy.
As the use of the Troubled Asset Relief Program (TARP) looks like a possibility to help prevent the collapse of the auto industry, the markets end the week roughly flat, led by technology and the NASDAQ up about 2% for the week.
Stocks turned mixed Thursday as a rise in commodities stocks offset pressure from a weak jobs report and a sharp drop in import prices.
Dan Genter at RNC Genter Capital Management said the bull market will return soon and it’s time for investors to start “brining their heads up out of the fox hole and start tiptoeing through the mine field” to buy into some sectors that have been beat up.
Stocks closed higher as a rebound in oil prices boosted energy shares and offset worries about the fate of the auto industry bailout.
Stocks rode the enthusiasm over an auto makers bailout and a swift round of profit-taking to stage a rally Wednesday that offset some of the previous day's losses.
Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Stocks turned mixed in afternoon trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Stocks fell sharply Friday after the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Crude oil prices are now mired well below $50 per barrel, and they look to be heading lower still. While some of the price pressures are obvious, there is one that may be less so: hedge fund liquidations.
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