I've just returned from a week in Charleston, South Carolina, where the shrimp fisherman are starting to see higher prices for their shrimp due to limitations on fishing in the Gulf. Also: Hedge funds are in trouble. And the first evidence of earnings impact from the 6-month oil drilling moratorium is being seen today.
Either Barak Obama fixes what’s broken in the economy, or he will be remembered for spending his entire first term blaming George Bush.
BP, already bedeviled by an out-of-control oil spill in the Gulf of Mexico, now finds itself with one more problem: Tony Hayward, its gaffe-prone chief executive. The NYT reports.
A Florida contractor demonstrates how hay could be an effective way of soaking up some of the oil from the BP well spill in the Gulf of Mexico.
And so did Cramer just two days ago. Maybe it’s time to buy?
S&P futures dropped about 6-7 points around 7:00am ET this morning as the euro fell through key support levels vs. the U.S. dollar and Swiss franc. The euro broke below the key CHF 1.40 level, to an all-time low vs. the Swiss franc.
The jobs numbers were lousy (as we predicted). The Administration’s solution is small business tax cuts. While this is a good idea in the long haul, it is not a solution to the short term problem. Simple logic says you don’t hire a worker or invest in a piece of equipment that doesn’t pay for itself.
While a strong employment number would have been promising for a healthy equity market, it would most likely have signaled a snapback in the bond market. And that snapback will likely still come.
If the economy keeps growing at 3 percent the balance of 2010, demand for new capacity—improved rental housing, better located new homes, and commercial construction for retail and factory improvements—should accelerate in 2011.
Cramer interviews Westport Innvations CEO David Demers about Obama's endorsement of natural gas and more.
The US recovery will continue, despite financial turmoil in Europe, as long the governments on the continent follow through on their promised rescue package, Treasury Secretary Tim Geithner told CNBC Thursday.
Brian Kelly explains what to look for when the May employment report is released Friday.
Sources tell CNBC that the SEC’s new single stock circuit breaker rules will likely go into effect next week. The proposed rules, created in response to the May 6 market plunge, would halt trading in a stock for five minutes “in the event that..."
Plus, get calls on smartphones, cloud computing and more.
A microbial product called HTP, derived from peat moss, could "literally eat the oil" in the Gulf of Mexico, according to the CEO of a company that sells it.
The corruption trial of Rod Blagojevich began Thursday, 18 months after authorities arrested him at home one morning and accused him of trying to sell the Senate seat that President Barack Obama had vacated for the White House.
Once again the markets are struggling to string two days of gains together (tired of hearing that yet?). Following yesterday’s strong close and the modestly higher open this (Thursday) morning, stocks are losing steam.
For the first time since Barack Obama’s inauguration 16 months ago, we’re beginning to think there’s a reasonable chance he’ll be just a one-term president.
The Israeli-Turkish alliance so abruptly shattered in the past few days may have been born of military necessity, but it was still real.
Stock futures were slightly higher early Thursday, as European and Asian markets have rebounded strongly following yesterday’s rally in the U.S. Futures have held steady throughout the morning with their gains intact even after the flurry of economic data and retail sales reports this morning.