The combination of the shutdown of a major LA refinery plus autumn planned work at other plants could cause oil prices to spikes by late November.» Read More
A 10 percent rise for the FTSE-100 index and Dow Jones Industrial Average looks possible, according to technical charts, Chris Zwermann, global strategist at Zwermann Financial, told CNBC Wednesday.
The moral of the Aesop’s fable is idleness brings want. Today, the ants are Germans, Chinese and Japanese, and the grasshoppers are American, British, Greek, Irish and Spanish, says the FT's Martin Wolf.
Stocks erased most of their earlier losses in the final half-hour of trading Tuesday as materials and consumer discretionary stocks advanced.
Stock index futures pointed to a sharp decline Tuesday, while European and Asian shares dived as well, amid ongoing sovereign debt concerns and new worries about tensions between North and South Korea.
Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
Stocks closed the day with an aggressive selloff as fears over Europe and concerns about banking trumped good news out of the housing market.
Stock index futures pointed to a substantial selloff at the start of trading Monday, with concerns over the euro zone sovereign debt crisis and the nationalization of Spanish bank CajaSur adding to selling pressure.
The year-long trend upwards in the stock market is over and commodities are also set to correct, according to Robin Griffiths, technical analyst at Cazenove Capital. As a result, Griffiths suggested investors look for risk-averse trades.
The Dow popped over 100 points in the final minutes of trading Friday after a yo-yo session — and a rocky week. Financials gained. Dell was among a handful of decliners.
US stock index futures pointed to little change at the open Friday, with European markets also struggling, following a drubbing in the previous session as the Dow saw its worst point loss in 15 months.
Stocks tumbled Thursday and selling accelerated in the final minutes of trading as investors worried about two events coming Friday — a German vote on the EU bailout and options expiration. The Dow and S&P both lost 3.6%, while the Nasdaq fell over 4%. A key gauge of volatility spiked more than 25%.
U.S. stock index futures pointed to a lower opening after oscillating ahead of trading Thursday, as major European indexes shed early-morning gains.
Stocks fell Wednesday as Germany's move to ban some naked short-selling fueled a fresh wave of worry about financial regulation. The CBOE volatility index, spiked above 35.
Stocks fell Wednesday as Germany's move to ban some naked short-selling fueled a wave of fears about exposure to riskier assets. The CBOE volatility index, spiked above 35.
Stocks declined Wednesday as the euro got a boost from news that Greece was considering leaving the European Union.
About 180 county employees in suburban Atlanta are being asked to return thousands of dollars the county says they were overpaid 16 years ago.
U.S. stock index futures pared their losses Wednesday after a report on consumer prices.
Party-switching Sen. Arlen Specter fell to a younger and far less experienced rival in the Pennsylvania Democratic primary, and political novice Rand Paul rode support from tea party activists to a Republican rout in Kentucky on Tuesday, the latest jolts to the political establishment in a tumultuous midterm election season.
The Dow tumbled over 100 points, or 1.1 percent, led by financials, as the dollar gained against the euro. Walmart was the lone gainer on the Dow. Oil ended below $70 for the first time this year.
Stocks continued to slide in choppy trading Tuesday as the dollar gained against the euro. Financials were the biggest drag after Germany issued a proposal to ban naked short-selling.