Wednesday, 28 Oct 2009 | Source: The Associated Press
ConocoPhillips said Wednesday that low natural gas prices and thin margins from its gasoline refining business drove profits down 71 percent in the third quarter.
The weak consumer confidence report that hit U.S. stocks on Tuesday is having a lingering effect this Wednesday, with global stock markets falling and stock index futures pointing to another lower open on Wall Street.
Believe it or not, the economy will recover. Cramer’s good news, which he shares in his new book, Getting Back to Even, is that “sooner is actually a whole lot more likely than later.” If that’s the case, then investors should know how to play it. Luckily for them, Cramer pulled together 12 stocks that he thinks will most benefit from an economic rebound. Check out the slide show to find out which market bellwethers made the cut.
With carbon cap-and-trade legislation before Congress and increasing pressure from shareholders, US companies know they’ll have to deal with their greenhouse gas emissions, or carbon footprint, and many are jumping the gun to change their carbon liability into an asset.
The deep waters off the coasts of countries like Brazil and Sierra Leone have become hot spots for large discoveries of oil this year as exploration continues to move further from shore.
Stocks extended their losing streak for a fourth session Wednesday as hardware stocks advanced but worries about the recovery continued to gnaw at the market.
Stocks clawed higher Wednesday as tech, insurance and energy stocks advanced. Stocks struggled through the morning after readings on employment and manufacturing came in weaker than expected.
Thursday, 30 Jul 2009 | Source: The Associated Press
Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry's worst midyear showing in years, stung by slumping global energy demand that threatens to further slow exploration and production.
Stocks finished lower Wednesday despite a late comeback attempt as the weight of disappointing economic news and a weak Treasury auction dragged down major indexes.
Stocks declined Wednesday as weak demand for today's Treasury auction and a sharp drop in oil prices dragged on the market. A disappointing durable-goods report didn't help either.
If the worst of the recession is indeed behind us, trends from previous economic pitfalls may provide investors guidance to where some of the capital inflows may go next.... Read More
In what appears to be a bet consumers will stick with discount retailers even after the economy rebounds, Warren Buffett's Berkshire Hathaway increased its Wal-Mart holdings by almost 90 percent during the summer.... Read More