Phil Davis submits: It’s official: According to Bloomberg, oil mania has now surpassed the dot-com mania that ended the year before the oil rally began! Crude oil is now up 697% since November 2001 and has reached 28 record highs this year. The last time a similar pattern was...
NEW YORK (Reuters) - Stocks tumbled on Thursday after a report showing yet another drop in U.S. home sales prompted investors to take profits in financial shares, which had rallied sharply over the past week. The rebound in oil prices, which rose more...
Australian stocks are expected to open higher on Monday after US stocks rebounded last week.The US market was closed for the Independence Day public holiday on Friday but its performance on Thursday could give stocks a boost.The local market ended well over one per cent stronger on Friday after...
Ethanol, wind, and thin film solar investments have begun to taper, but overall investment to clean-tech ventures hit $1.25 billion during the first quarter, a 42 percent gain over the same period from 2007. That's one takeaway from the latest report from The Cleantech Group. A few more revealing details...
Vahan Janjigian Forbes submits: The Nasdaq Composite Index is down 4.9% so far in 2008, but it jumped 4.6% in May, outpacing both the S&P 500 and the DJIA for the third month in a row and giving investors hope that tech stocks will lead the market to a...
The Australian share market could fall below 5,000 points for the first time in almost two years when trading opens on Thursday, after US shares sank overnight.The September share price index futures contract is pointing to an almost two per cent fall when the market opens at 1000 AEST.The...
By Jennifer Ablan NEW YORK (Reuters UK) - The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3 trillion (1.66 trillion pounds) in wealth from global stock market wealth in the first half of this year, and ...
By Deborah Jian Lee NEW YORK (Reuters) - In the heart of earnings season, stock market investors will scrutinize a raft of regional bank earnings this week for more write-offs that could send the market tumbling. The S&P 500 and the Nasdaq snapped...
By Jim Finkle BOSTON (Reuters) - IBM IBM reported a 22 percent rise in quarterly profit, blowing past Wall Street targets and raising its 2008 forecast, as emerging markets used its services, software and equipment to expand, and larger countries turned...
