Wednesday, 4 Nov 2009 | Source: The Associated Press
Independent oil and gas producer Devon Energy Corp. on Wednesday said its third-quarter tumbled as lower crude oil and natural gas prices offset higher production and lower costs.
No doubt the widespread use of solar and wind power is ideal, but it’ll be a long time before the mass adoption of those alternative energies is a reality. In the meantime, Cramer says, the US should shift its focus to natural gas.
Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.
Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.
Markets have been hanging on the October employment report, expected to show a drop of 175,000 nonfarm payrolls when it is released on Friday.... Read More
Traders have been talking about the upcoming Fed statement for days now, because even a subtle tilt in the Fed's posture on interest rates could unhinge the popular "risk on" trade, where investors bet against the U.S... Read More