ThinkstockGasoline prices may not have reached the $4 a gallon level, which is often considered the point at which anxiety about the price creates large cracks in consumer spending. However, the price…
Douglas A. McIntyre courtesy of Wal-Mart Stores Inc.A new business just opened its doors in Bentonville, Ark., the hometown of Wal-Mart Stores Inc. (NYSE: WMT). The business is called “Walmart To Go” and for now…
Last week the EPA removed its restrictions on BP, allowing the company once again to conduct business with the federal government and giving the company the right once more to bid on…
Chevron CEO John Watson told a Houston audience earlier this month that crude oil costing $100 a barrel is becoming the new $20 in the industry, and the inference we might draw…
thinkstockMarch 18, 2014: Markets opened higher on Tuesday and the number buyers rose throughout the day. There was something of a Vladimir Putin rally today following Russia’s formal annexation of Crimea, Putin’s…
The Dow Jones Industrial Average rose 26.5% in 2013, but now we see several key stocks in the DJIA posting serious losses year to date. 24/7 Wall St. wanted to identify the…
thinkstockMarch 12, 2014: Markets opened lower on Wednesday following a so-so trading day in Europe. Crude oil pulled back 2% after the EIA’s inventory report indicated a larger inventory gain than expected.…
The pricier the stock market gets, the more important it is for investors to keep a close eye on what they are paying for stocks. Flashy momentum stocks are great for traders,…
At its analyst meeting in New York Tuesday morning, Chevron trimmed its 2017 production forecast from 3.3 million barrels of oil equivalent per day to 3.1 million. Falling natural gas prices and…
Paul Ausick As the argument heats up on whether the United States should revoke its 40-year ban on crude oil exports, interest groups will be choosing sides and adding their voices to the discussion.…
Five years ago, many investors had thrown in the towel. The S&P 500 hit an ominous intraday low of 666 and closed at 676.53. The world was coming to an end, and…
Exxon Mobil said Wednesday morning that capital spending in 2014 will decrease from $42.5 billion in 2013 to $39.8 billion, a drop of 6.3%.
thinkstockFebruary 21, 2014: Markets opened higher on Friday, but by the end of the day the major indexes failed to stay above the break-even line. Today’s report on existing home sales was…
In a new research report, the energy analysts at Cowen point out that after three years of disappointment, 2014 is expected to represent a year of stabilization/moderate growth for mega-cap oil names.
ThinkstockShort interest in several large oil and gas stocks dropped in the two-week period to January 31, probably on expectations of greater demand due to an improving global economy. Short interest rose…
