$100 oil may be just the start
It's getting harder and more expensive to find new oil deposits, and global demand is growing. But there's so much speculation in crude oil that a bubble may be forming.
Archive for January 2, 2008
Dow off 221 after oil touches $100
Stocks have their worst opening day in percentage terms since 1983. Though crude oil slips back, a close above $100 may come soon. Gold hits a 27-year high on inflation worries, and a weak manufacturing report ignites recession fears.
From Gamer to Gym Rat
Now gamers can play while getting in their gym time, too. And we're not just talking about the Wii.
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From Gamer to Gym Rat
Now gamers can play while getting in their gym time, too. And we're not just talking about the Wii.
DaimlerChrysler gets record fuel economy fine
DaimlerChrysler has been hit with the largest fine ever assessed against any company for violating fuel economy standards set by the federal government.
2007 stock picks: Mortgage mess…tech success
Happy New Year. We at CNNMoney.com resolve to be better stock pickers in 2008.
Gold rings in record high
Gold prices surged into record territory Wednesday as lingering geopolitical concerns and a spike in oil prices fueled demand for the precious metal.
Stocks tank on recession fears
Oil and gold prices at all-time highs and a report showing contraction in the manufacturing sector were among the factors sending stocks tumbling Wednesday, the first trading day of 2008.
Oil pushes to $100
Oil prices kicked off the first trading day of 2008 by hitting a new high of $100 a barrel Wednesday on violence in oil-rich Nigeria, the prospect of more interest rate cuts, a halt in Mexican imports and the expectation of yet another drop in U.S. crude supplies.
Dow sheds more than 150 points
Stocks tumbled Wednesday morning, the first trading day of 2008, after a report showing contraction in the manufacturing sector raised worries about the threat of a recession.
Manufacturers shift into reverse
Manufacturing activity unexpectedly declined for the first time in 11 months in December, a survey of purchasing managers in that sector released Wednesday showed.
Bond prices up on signs of economic weakness
Treasury prices jumped Wednesday morning after a measure of manufacturing activity showed a surprising decline, highlighting concerns about economic weakness.