courtesy of Wal-Mart Stores Inc.The 500 largest corporations in the United States posted profits of more than $1 trillion last year, the first time ever to reach that level and, of course,…
thinkstockMay 30, 2014: Markets opened mixed on Friday following reports that personal income in the U.S. rose more than expected, but spending was lower than expected. Chicago PMI rose sharply and the…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial crude inventory…
ThinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 114 billion cubic feet for the week ending May 23, compared with an expected increase of…
ThinkstockWhen the Arab oil embargo began in 1973, the halcyon days of cheap gasoline in the United States were over forever. The embargo was initiated by what was known as OAPEC, or…
In a move that has been expected for some months now, the Kurdistan Regional Government has defied the Iraqi central government and begun exporting crude oil to Europe.
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 106 billion cubic feet for the week ending May 16. That compared with an expected increase…
Bob Beck/Gulf Oil Historical SocietySince Gulf Oil Company opened the first gas station in Pittsburgh in 1913, things have changed a little. Like the price of gasoline — $0.30 a gallon then,…
thinkstockMay 21, 2014: Markets opened higher on Wednesday and again there was no economic news of note today, except the release of the rather ho-hum FOMC minutes. After two days of losses,…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 7.2 million barrels last week, maintaining a total U.S. commercial crude inventory…
courtesy of WhiteHouse.govBerkshire Hathaway Inc. (NYSE: BRK-A) has released its holdings as of the end of the first quarter of 2014. We were originally not expecting many major changes to the portfolio.…
thinkstockMay 15, 2014: Markets opened lower on Thursday and traded lower all day as the market headed for its second straight losing day. The 10-year Treasury note was in demand again today,…
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 105 billion cubic feet for the week ending May 9. That compared with an expected increase…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 900,000 barrels last week, maintaining a total U.S. commercial crude inventory to…
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 74 billion cubic feet for the week ending May 2. That compared with an expected increase…
