Tuesday, 17 Nov 2009 | Posted By:
Lisa Auret | Source: CNBC.com
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.
World energy use will rise rapidly over the next 20 years, increasing costs and greenhouse gases unless a deal is reached to curb carbon dioxide emissions, the International Energy Agency (IEA) said on Tuesday.
China will lift gasoline and diesel prices by around 7 percent from 1600 GMT on Monday to reflect the rising cost of crude oil, taking pump prices to their highest ever, a government official told Reuters on Monday.
Ida weakened to a tropical storm Monday as it churned toward oil and gas facilities in the Gulf of Mexico and was forecast to hit the U.S. Gulf Coast early Tuesday between Louisiana and Florida.
The United States has set preliminary anti-dumping duties ranging from 36.53 percent to 99.14 percent on Chinese-made steel pipe used in wells to extract oil from the earth, a source familiar with the situation said on Thursday.
After spending much of the year as a market laggard, industrial stocks have rebounded over the past three months and are considered a good bet to keep moving higher.
An oil trader who has rocked Wall Street and the White House over his nine-figure salary clings to a low profile, quietly making trades from a former dairy farm in Connecticut and emerging occasionally to satisfy his passion for art.
Diversified technology and manufacturing group Honeywell reported a quarterly profit in line with consensus expectations Monday, saying it was anticipating continued tough economic conditions.
The latest batch of earnings took a toll on the market Friday but the Dow still pulled off a gain in the final half hour of trading, capping its best two-week performance since 2000. Microsoft shares fell more than 8%.
Stocks took a hit Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from Microsoft, Amazon and AmEx. But the Dow poked higher in afternoon trading Microsoft shares fell nearly 10%.
Stocks skidded Friday as a drop in consumer sentiment exacerbated losses triggered by a disappointing round of earnings from American Express, Amazon and Microsoft.
Futures indicated a lower open for Wall Street on Friday, probably due to earnings exhaustion, as after-the-bell results reports from American Express, Amazon.com and Microsoft disappointed investors.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.
The Dow topped 9,000 for the first time since January as investors shrugged off a rise in jobless claims and cheered earnings from Ford and 3M. A third straight rise in existing-home sales also buoyed the market.