All eyes are on the Fed, as investors await the Federal Open Market Committee's Wednesday announcement on interest rates. Many analysts anticipate a fed funds rate cut of 25 basis points.
The Merrill Lynch saga continued Monday, with the imminent departure of Chief Executive Officer Stanley O’Neal leaving investors wondering who the board will pick to mend the struggling brokerage.
The news of the day was oil reaching a new record closing the U.S. session at more than $90 a barrel. And then, just a couple of hours later in Asia's Friday morning session, oil pushed past $91 a barrel. Some analysts are wondering how long before we see triple digits on oil and what is driving the prices sky high.