Crude oil falls near 4% Friday but gains 9% in October
10/30/2009 3:24:16 PM EDT
Friday, October 30, 2009
Crude oil falls near 4% Friday but gains 9% in October
U.S. market-volatility gauge leaps 19% Friday
U.S. market-volatility gauge leaps 19% Friday
10/30/2009 1:34:43 PM EDT
Energy: BP may appeal $87 million fine in Texas blast
The Occupational Safety and Health Administration levies the largest
fine in its history as it slaps British oil giant BP with an $87
million penalty for workplace violations in connection with the 2005
Texas City refinery blast that killed 15 people and injured 170,
according to reports on Friday.
Energy: China muscles deeper into global commodity markets
China's building muscle in the commodities markets, active in
countries from Canada and Australia to Venezuela, Brazil and Africa --
all with the aim of securing supplies of natural resources for its
growing population and rapidly expanding economy. It's a strategy
that, for better or rose, has effectively raised the competition bar
for the rest of us.
Thursday, October 29, 2009
Dow up more than 200 points as stocks extend gains on stronger-than-expected economic growth report.
Dow up more than 200 points as stocks extend gains on
stronger-than-expected economic growth report.
Wednesday, October 28, 2009
New home sales mark their fist drop in six months, dipping 3.6% in September - government report.
New home sales mark their fist drop in six months, dipping 3.6% in
September - government report.
Tuesday, October 27, 2009
Confidence drops for second-straight month
Confidence drops for second-straight month
U.S. consumers doubt that the much-touted economic recovery is under
way, according to the latest report on consumer confidence released by
the
Conference Board.
U.S. HOME PRICES RISE IN AUGUST, CASE-SHILLER SAYS
The market value of U.S. homes in 20 major cities rise by 1.2% in
August compared with July, the fourth monthly increase in a row,
according to the
Case-Shiller home price index.
SEC TO HEIGHTEN SCRUTINY OF TRADING SYSTEMS
The Securities and Exchange Commission will look into the practices of
some exchanges that allow favored firms to locate their computers
inside the
exchange data centers to speed up trading times, Commissioner Mary
Schapiro says.
Monday, October 26, 2009
Energy: Energy stocks join broad market gains
Oil and gas stocks pull ahead early Monday, joining broad gains across
the rest of the stock market and an uptick in underlying commodities
prices.
Sunday, October 25, 2009
Crude futures slip back below $80 on Globex
Crude-oil futures retreat below $80 a barrel, failing to find support
from a reported rise in September Chinese oil demand, as traders take
in profits from last week's climb in prices.
Friday, October 23, 2009
Regulators close 100th bank for 2009 -- four times as many as last year. Partners Bank of Naples, Fla., had $66 million in assets.a
Regulators close 100th bank for 2009 -- four times as many as last
year. Partners Bank of Naples, Fla., had $66 million in asset.
Thursday, October 22, 2009
Obama pay czar unveils plan to curb compensation at bailed-out firms, calls current pay 'inconsistent with the public interest.'h
Obama pay czar unveils plan to curb compensation at bailed-out firms,
calls current pay 'inconsistent with the public interest.'
Tuesday, October 20, 2009
Oil futures tops $80 as stock markets rally
Crude-oil futures rise above $80 a barrel, hitting a fresh one-year
high as traders cheer upbeat prospects for energy demand amid strength
in global stocks.
Friday, October 16, 2009
Obama administration says U.S. ran a $1.42 trillion deficit in fiscal year 2009 – largest since 1945.
Obama administration says U.S. ran a $1.42 trillion deficit in fiscal
year 2009 – largest since 1945.
Thursday, October 15, 2009
Breaking News: Boy believed to be in runaway balloon found safe
FORT COLLINS, Colo. (AP) - Sheriff's department says missing
6-year-old boy feared lost in balloon found safe at home. For full
story,
Wednesday, October 14, 2009
Dow closes above 10,000 for the first time since Oct. 3, 2008, after a 145-point gain. S&P, Nasdaq also finish up more than 1.5%.
Dow closes above 10,000 for the first time since Oct. 3, 2008, after a
145-point gain. S&P, Nasdaq also finish up more than 1.5%.
Breaking News: Dow hits 10,000
NEW YORK (AP) - The Dow Jones industrial average has topped 10,000 for
the first time in a year. The Dow crossed five figures seven months
after it hit a 12-year low of 6,547.05 on March 9. Upbeat earnings
reports from chip maker Intel Corp. and banker JPMorgan Chase & Co.
gave the Dow its final push; the average then slipped back several
points after crossing the milestone.
Energy: Import prices tick up in September on weak dollar
Higher nonfuel prices drove import prices up by 0.1% in September, the
sixth increase in the past seven months, the Labor Department reports.
Oil climbs to a one-year high above $75 on Globex
Crude futures climb above $75 per barrel on Globex to reach their
strongest intraday level in a year as traders cheer improved forecasts
for global oil demand.
Tuesday, October 13, 2009
Senate Finance Committee passes health care bill
WASHINGTON (AP) - The Senate Finance Committee has approved a sweeping
remake of the country's health care system, delivering a long-sought
boost to President Obama's goal of expanding coverage. The 14-9 vote
by the key panel sets up a debate on the Senate floor and moves a
health care remake closer to reality than it has been for decades.
Monday, October 12, 2009
Two U.S. economists who specialize in economic governance share Nobel Prize.
Two U.S. economists who specialize in economic governance share Nobel Prize.
Friday, October 9, 2009
Breaking News: Obama wins Nobel Peace Prize
President Obama has won the 2009 Nobel Peace Prize for "his
extraordinary efforts to strengthen international diplomacy and
cooperation between peoples," the Norwegian Nobel Committee said.
Thursday, October 8, 2009
Initial unemployment claim filings tumble 33,000 in the latest week, to 521,000, the government says, the lowest level since January.
Initial unemployment claim filings tumble 33,000 in the latest week,
to 521,000, the government says, the lowest level since January.
Wednesday, October 7, 2009
Alcoa, the first Dow component to report 3rd-quarter results, posts a surprise profit and says it's 'weathering the economic storm.'
Alcoa, the first Dow component to report 3rd-quarter results, posts a
surprise profit and says it's 'weathering the economic storm.'
Tuesday, October 6, 2009
Officials deny plans to drop dollar from oil price
Foreign financial officials dismiss a British newspaper report that
said oil exporters, China and other nations are planning to put an end
to dollar-based trading in the oil market.
Gold hits record high as dollar slumps
Gold hits record high as dollar slumps
Gold futures hit a new record high at $1,038 an ounce, lifted by
weakness in the dollar fueled by higher interest rates in Australia as
well as a U.K. media report that Gulf-area oil producers, along with
China, Russia, Japan and France, are planning to eventually end
dollar-based oil pricing.
GOLD FLOATS ON OIL
Gold markets are frothing at renewed talk of dropping the dollar in
favor of a yet-to-be-developed basket of currencies for pricing the
world's most important commodity -- oil. But there are wider messages
to be conveyed by the action in the metals pits.
POTENTIAL END OF DOLLAR-BASED OIL DEALS LIFTS GOLD
Growing speculation over the potential end to dollar-based trading in
the oil market may be part of the reason gold prices have rallied
beyond $1,020 an ounce to stand near their highest level in 18 months.
DOLLAR DOWN DESPITE DENIALS OF OIL-PRICING SHIFT
Dollar tumbles on reports of oil-pricing shift.
OIL PRICES GAIN AS U.S. DOLLAR TUMBLES
Oil futures rise above $71 a barrel as the dollar falls against major
currencies, luring buyers into the energy market.
Breaking News: Three share Nobel Prize in Physics
STOCKHOLM -- The 2009 Nobel Prize in physics has been awarded to
Charles K. Kao, Willard S. Boyle and George E. Smith for breakthroughs
involving the transmission of light in fiber optics and inventing an
imaging semiconductor circuit, the Associated Press reports. The Royal
Swedish Academy of Sciences said all three have American citizenship.
Commodities rally, equity gains fuel energy stocks
Energy stocks make broad morning gains, benefiting as the dollar
weakens and crude-oil futures push back through the $71-a-barrel
Friday, October 2, 2009
U.S. stock indexes finish Friday in red as Dow industrials cap worst week since mid-June
U.S. stock indexes finish Friday in red as Dow industrials cap worst
week since mid-June
10/2/2009 4:01:07 PM EDT
Breaking News: Rio de Janeiro to host 2016 Olympics
COPENHAGEN (AP) - The 2016 Summer Olympics are going to Rio de
Janeiro, putting the games in South America for the first time. Rio
beat surprise finalist Madrid in the last round of voting. Chicago was
knocked out in the first round - a major surprise considering the
personal involvement of President Obama - and Tokyo was eliminated in
the second round.
Employers shed 263,000 jobs in September - much worse than expected. Unemployment rate rises to 9.8% - highest since 1983.
Employers shed 263,000 jobs in September - much worse than expected.
Unemployment rate rises to 9.8% - highest since 1983.