Billionaire oil tycoon Boone Pickens, chairman of BP Capital, predicts oil will reach $75 a barrel within a year and go back up to $140 a barrel when the global economy turns around.
Just weeks after ending a year marked by dismal sales and a federal bailout of General Motors and Chrysler, U.S. automakers Sunday touted new products with a focus on fuel efficiency that they say will help ensure that their cars and trucks will roll off assembly lines for years to come.
Brrrr! Many of us are enduring some downright frigid temperatures lately. So while you're sitting at home, staying out of the snow and wind, I'm sure the one question on your mind is, 'How can I make money off this arctic-like weather?' Cramer, as always, is here to help you with that dilemma. And his answer is one that many of you faithful viewers have been on to for a while: Suburban Propane. After so many of you talked this one up, Cramer did his homework. And the result? He's feeling the warmth too.
Want to know why there's been a flurry of downgrades recently? Here's the inside baseball.
Traders are banking on shares of Chesapeake Energy to move higher — but not for a few months. The oil and natural gas company reached a peak near $70 in July, but has fallen hard since then to about $15.25, after spending much of autumn between $10 and $25. Options activity on Monday is focused on the April 27.5 calls...
Officials weighing federal applications by utilities to build new coal-fired power plants cannot consider their greenhouse gas output, the head of the Environmental Protection Agency ruled late Thursday. Some environmentalists fear the decision will clear the way for the approval of several such plants in the last days of the Bush administration.
If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
Dan Genter at RNC Genter Capital Management said the bull market will return soon and it’s time for investors to start “brining their heads up out of the fox hole and start tiptoeing through the mine field” to buy into some sectors that have been beat up.
Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
With gas cheaper, mortgage rates coming down and a winter of cheaper heating bills to possibly look forward to, there might be reason for some holiday cheer.
Congress and the incoming administration may soon impose a mandate that the nation get 10 or 15 percent of its electricity from renewable sources, but the experience of states that have adopted similar goals suggests that passing that requirement could be a lot easier than achieving it, the New York Times reports.