How much oil pressure can the stock market take before it blows a gasket? Oil continues to surge into record territory, closing in on $88 per barrel and ready to pump right through $90. Stocks are floundering this morning after weakness in Europe and a down day in Asia. China, though, continues to be the exception with Shanghai stocks once more in record territory.
China's top personal computer maker Lenovo Group is exploring a range of options including acquisitions to boost its overseas business, a senior executive said on Tuesday.
By the end of the coming week, the corporate earnings picture will be clear and it may not necessarily be one the stock market likes.
It's OK to be a follower, as long as Carl Icahn is leading. The activist investor tells Cramer his hopes for BEA Systems and Motorola. 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.
Is there no end in sight for Google and its shares? Last week when the company was oh-so-close to $600, I wrote that price targets would be on the move now that the company was teasing investors with yet another key milestone on its journey to the stratosphere, and sure enough, Bear Stearns revised its 52-week target to $700 just two days later.
AT&T said Tuesday it would buy more technology services from International Business Machines and will sell telecommunications services to IBM worth $1 billion over five years.
Hitachi, Japan's biggest electronics conglomerate, is considering selling a stake in its hard disk drive arm to a strategic investor to help it turn the loss-making business around, sources close to the matter said.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Stocks closed with big gains as investors cheered the Fed's decision to cut interest rates deeper than expected. "The Fed gave us a little more than most of us had expected -- they are looking at the future and the U.S. economy is weakening -- I think that's why equities are responding to the upside," said Robert Doll, chief investment officer at BlackRock.
IBM on Monday said it would start offering free word processing and other office software, joining a growing group of companies with free applications challenging a core Microsoft product.