Investors will scrutinize US growth as the initial read on the first-quarter GDP comes ahead of a meeting statement from a 'data-dependent' Fed.» Read More
A chemical tanker split a fuel barge in half on the Mississippi River on Wednesday, spilling thousands of gallons of fuel oil and forcing the closure of a 58-mile (93-km) stretch from New Orleans southward that could last for days, a U.S. Coast Guard spokesman said.
Oil jumped nearly $11 today. This was the biggest $ gain in a day in NYMEX history. Here are the biggest one day % and dollar move of oil since 1983.
It's a booyah-free zone. There goes Swifty!
Stocks are mixed today, but the Dow is down more than 2.5 percent for the week. CNBC asked the pros for advice on helping investors protect their portfolios in these uncertain market times.
"I think there's lots of good ideas in a market that's difficult," George Shipp of Scott & Stringfellow told CNBC. He spoke at the end of a difficult week, following the release of difficult jobs data, with the economy and the market still facing difficult credit challenges.
Gulf of Mexico oil and natural gas producers were evacuating offshore workers and shutting small amounts of production over the weekend as they watched powerful Hurricane Dean storm across the Caribbean Sea toward an entry into the Gulf next week.
Energy companies in the Gulf of Mexico stepped up evacuations of workers Friday ahead of the first Atlantic hurricane of 2007, even as most revised forecasts showed the storm missing oil and gas installations.
Don't let the summer doldrums strike your portfolio. We've rounded up several five-star mutual fund managers to offer up on their latest strategies and best investment ideas.
U.S. oil prices finished just below $66 Wednesday as U.S. warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear program.
U.S. oil fell below $65 as easing concerns that of a potential U.S. gasoline shortfall ahead of peak driving season in the world's top consumer.
U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
Actors Jonathan Tucker and Stephen Collins hold onto the first two positions in Trading With The Stars. (We post Jonathan's picture--as he still leads). Stephen had gains on most of his purchases on 4/24, but lost almost 6% on Advanced Energy. Meanwhile, Ernie Hudson continues to be the most volatile moving from down 5th to 8th on losses in Advent Software and Mentor.
Murphy Oil estimated fourth-quarter income will be lower than current Wall Street estimates, partly due to a decline in retail and refining margins.
In our Big Money '07 series we're looking to energize your portfolio-- literally-- as we look at the best ways for investors to make money in the energy sector. On "Morning Call" two guests give their stock "picks." Fadel Gheit is Senior Energy Analyst with Oppenheimer & Company and Bob Morris is oil and gas analyst with Bank of American Securities.
Investors have seen some nice gains in both energy and commodity stocks over the past few months. But as we head into 2007--is the party over? Value investor Susan Byrne says the "celebration" will continue. Byrne is Chairman and Chief Investment Office at Westwood Holdings Group and her Equity Triple A Fund was crowned the number 1 large cap value fund last year by Lipper--returning over 13%.