Crude Oil Rises on Greece, Iran Sanctions (OSG, FRO, CME)
Crude oil futures rose sharply today on hopes that Europe can shake its economic woes now that the Greek parliament has agreed to adopt strict new austerity measures. Whether that pans out…
Crude oil futures rose sharply today on hopes that Europe can shake its economic woes now that the Greek parliament has agreed to adopt strict new austerity measures. Whether that pans out…
CME Group Inc. (NYSE: CME) is going to make it cheaper for traders to trade energy and metals futures, something which could make it easier and cheaper for traders, speculators, and investors…
Standard & Poor’s Ratings Services has downgraded its corporate credit rating on CME Group Inc. (NYSE: CME). What is interesting is why… S&P noted that the exchange and clearinghouse has increased its financial…
The CME Group Inc. (NYSE: CME) has initiated a $100 million fund to provide protection to family farmers and ranchers who hedge their businesses on the company’s futures markets: In light of…
The U.S. indicts Swiss bank Wegelin on tax evasion charges. (Reuters) Fed president Richard Fisher says there is no need for QE3. (Reuters) Panasonic posts a quarterly loss of $2.6 billion. (Reuters)…
Earnings season is still upon us. There are going to be many big earnings reports Thursday and we would consider Thursday as the climax for the companies reporting their normal fourth quarter…
In 1969, CME Group Inc. (NASDAQ: CME) established a trust fund to help investors who were hurt when a brokerage failed. Over the years, CME has used the trust to fund its…
A CME (NASDAQ: CME) executive says Jon Corzine knew about money that MF Global transferred to European accounts. (Reuters) Accounting problems at Olympus may make it a takeover target. (Reuters) Italian bond yields hit…
Officials at CME Group (NASDAQ: CME) have given the Justice Department documents that may prove former MF Global CEO Jon Corzine knew his firm lent customer money to its operations in Europe. Corzine had…
MF Global Holdings Ltd. (NYSE: MF) has been halted pending news this Monday. Workers may be allowed into the offices, but the firm is being cut off from transacting business. The company…
In what appears to be a counterintuitive move, CME Group (NASDAQ: CME) today raised its margin requirements for copper futures contracts. The requirement rose by 15%, from $6,750 to $7,763 for an…
The federal government begins to probe the accounting of several Chinese companies. (Reuters) EU markets to decline more this quarter than in any other since 2008. (Reuters) Bank of America (NYSE: BAC)…
Most investors either do not know of the National Stock Exchange or they forgot about the Cincinnati Stock Exchange. This was became the first all-electronic exchange in the U.S., back in 1980. …
Foreign oil companies may have to give up natural gas rights in Iraq. (Reuters) Several large pharma firms are in the early stages of an attempt to find new and more effective…
Just two weeks after raising margin requirements on its 100-ounce gold contract, CME Group Inc. (NYSE: CME) has bumped the requirement again by 27%. It now costs a non-commercial (speculative) buyer $9,450…