- Dubai Stock Selloff May Bring Buying Opportunity
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Longer Lines, Fuller Carts This Black Friday
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
- Slideshow: Fantasy Christmas Gifts 2009
- EA Sports Hopes to Pump Up Sales With Pop-Ups
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- 8 Retailers that Gain During the Holidays
MOST SHARED
- 8 Retailers that Gain During the Holidays
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Finding the Holiday's Best Buys
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Longer Lines, Fuller Carts This Black Friday
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Banks Play Down Dubai Exposure, Investors Still Wary
- The Good Entrepreneur Winner
- US Will Have to Tax Consumers: Economist
Text Size 
It’s all about oil, as the dollar fell and crude prices shot up to more than $138 a barrel on Friday.
Oil's Gusher
Israel issues comments on the inevitability of an attack on Iran's nuclear program and Morgan Stanley points out that U.S. inventories are down 35 million barrels since March. Not coincidentally, oil is up almost 5 percent on the day, 40 percent for the year...so far.
US Light Sweet Crude [US@CL.1 Loading... ()].
London Brent Crude [GB@IB.1 Loading... ()].
Jobless Claims Climb
But it’s not just oil that’s driving the markets down. This morning’s unemployment number showed its biggest leap since 1986, to 5.5 percent. Mix that with oil and the result is predictable: the Dow was down 259 points by noon.
Wal-Mart Spreads Its Low-Price Gospel
While the markets were down, Wal-Mart’s [WMT Loading... ()] annual shareholder/revival meeting was upbeat and gave CEO Lee Scott an opportunity to push the company’s mission of “saving people money so they can live better.” Attendees were treated to an appearance from Queen Latifah as well as country singer Tim McGraw.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes