Scottish nationalists argue that being governed from London has deprived their country of Britain's oil fields' wealth. The New York Times reports.» Read More
Marathon Oil said Tuesday it agreed to buy Canada's Western Oil Sands Inc. for about $5.56 billion, giving the U.S. oil company a foothold in one of the world's most promising streams of new crude oil.
Stocks ended at the lowest levels of the trading session after late buying efforts failed. "It's the end of a very difficult week with a critical selloff in the last 15 minutes of trading, but I think Secretary Paulson's comments will be studied over the weekend because they are very reassuring," said James Maguire, Sr., managing director at LaBranche & Co.
Chevron posted a better-than-expected 24 percent rise in quarterly earnings Friday on higher profits from its refineries and a gain from the sale of its stake in power company Dynegy.
Second-quarter earnings are mostly beating expectations so far, and much of that gain can be tied to growth overseas. For that reason, many analysts believe investors should be looking at big multinational companies with strong foreign business.
The market is too precarious for short-term speculation right now. Cramer's strategy: Take profits. Don't get greedy - get rich.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.
Last month, after Chevron bailed on its stake in Dynegy, Williamson came on to assess the damage. Now the stock is on the move and Williamson is back on the line.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.
U.S. crude oil slipped by midday trading in New York on Thursday as gasoline pulled back on news of refineries in Texas restarting and curbing supply worries, traders told Reuters.
Chevron's production for the first two months of the second quarter rose slightly from first-quarter levels, the second-largest U.S. oil company said after markets closed Tuesday.
Stocks posted the best weekly gains in three weeks, closing Friday near the best levels of the day as new economic data showed moderate jobs growth, easing worries of a slowing economy. "The jobs number was pretty decent, it was probably as good as we could have expected," said Charles Rotblut, market analyst at Zacks.com.
Any number of things, from energy prices to Fed policy to geopolitical events, could derail what's expected to be a solid second half.
Even with the July 4th holiday next week, analysts think the markets will be as jittery as ever. "The market is very nervous here," Steven Neimeth, portfolio manager at AIG SunAmerica Asset Management told CNBC.com. "Lower liquidity around the Fourth of July week could lead to greater volatility as a result of news events, whether it be the Middle East, oil or the credit markets. Any news, good or bad, is likely to have a heavy impact on the market."
Stock futures point lower this morning after a weak showing in equities markets worldwide. European stocks are trading lower, and Asian markets were mostly down overnight. Volatility will no doubt be the tone of the day, as the Fed starts its two-day meeting. Durable goods fell 2.8%, below expectations. The dollar slid after the report and Treasurys rallied.
Investors will soon have earnings to add to their watch list, but unlike interest rates and energy prices they may yield a positive surprise. Though interest rates and subprime worries have rattled stocks lately, corporate profits will also be closely watched in the coming weeks. And many market pros think that--like the first quarter--the results will come in above unrealistically low forecasts.
Cramer will often get behind a stock relentlessly because he sees long-term value in the company. Who better to ask for an update than the company's CEO?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.
U.S. oil rose above $69 on Tuesday due to a planned strike in Nigeria that could further hobble output in the world's eighth-biggest crude oil exporter. The planned protest over fuel price increases is due to start on Wednesday and comes after more violence flared in the oil-producing Niger Delta at the weekend.
Stocks closed higher, with the Dow staging its biggest two-day gain since August 2006, as interest rates stabilized. "It's a little bit of a bounce because we got really oversold last week," said Tom Schrader, managing director of US listed trading at Stifel Nicolaus. "People are doing a little bargain hunting."
Oil rallied above $65 a barrel as fresh refinery and pipeline problems in the U.S. reignited fears over gasoline supplies as the summer peak in gasoline demand in the world's largest consumer approaches.
Oil rose Thursday, recovering from early losses to close above $64 a barrel as U.S. government data showed crude oil inventories fell unexpectedly last week.
Norway's Statoil posted weaker-than-expected first-quarter profit due to lower oil and gas prices on Wednesday, but said it was poised to grow after resolving production problems at several North Sea fields.
The guys go behind the headlines and give you their take on... AIG's technical double top... speculation that OXPS is a takeover target ... and more. Find out where they see fast money.