U.S. equity markets opened slightly lower this morning, rose briefly above the break-even line, and then slipped following a weaker-than-expected report on U.S. manufacturing PMI (more coverage here). In Asia, China’s PMI…
U.S. equity markets opened higher this morning following markets in Europe and Asia, most of which were also pointed higher. In Asia, equities were mostly higher following yesterday’s buoyant session in the…
U.S. equity markets opened higher this morning and wobbled around before heading upward for most of the day. Strong home prices and a surge in the consumer confidence index (more coverage here)…
thinkstockBack in the days when billionaires were scarce on the ground, one of the bona fide big wheels was oilman J. Paul Getty, who offered this advice on getting rich: “Work hard…
The three major U.S. stock indexes opened higher this morning following the report on new jobless claims, which rose by 369,000, less than the expected 375,000 (our coverage here). In Europe, GDP…
The three major U.S. stock indexes opened higher this morning following a better-than-expected PMI reading from China (more coverage here) that was mostly untempered by lower-than-expected PMI readings from Europe (more coverage…
Independent oil and gas exploration and production company Goodrich Petroleum Corp. (NYSE: GDP) said this morning that it has received notice from the U.S. Securities and Exchange Commission (SEC) that the agency…
Energy exploration & production firm Midstates Petroleum Co. (NYSE: MPO) today announced that it would pay $650 million in cash and stock for 109,000 acres net acres of producing, developed, and undeveloped…
A major supplier of the engines and transmissions that drive the hydraulic fracturing (fracking) at US oil and gas wells announced this morning that it is reducing its second quarter and full…
The development of unconventional natural gas resources in the lower 48 states supported 1 million jobs in 2010, and that total will grow to 1.5 million by 2015 and to more than…
Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and acquisition (FD&A)…
US equities markets opened lower this morning following surprisingly weak manufacturing reports from Europe and China. Fitch Ratings’ downgrade of Greek debt to ‘CCC’ could not have been a surprise, but the…
At the end of December, Brent crude spot prices were around $107/barrel and WTI spot prices were around $99/barrel. Since then, Brent has risen to right around $121/barrel today and WTI is…
All three major indexes opened higher this morning, but the strength didn’t last as the Chicago PMI number failed to meet expectations and came in lower even than last month’s reading. The…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Amgen Inc. (NASDAQ: AMGN) Reiterated Buy and Raised target to…
