Refiners Are Surging On Soaring Gas Futures (VLO, TSO)
The NYSE energy index is up 0.6 percent leading the S&P 500 higher today. Fears of supply disruptions from the Middle East are feeding into crude oil prices. But gasoline prices are trading higher...
View ArticleWait, There Are Some Really Ugly Details In This Consumer Credit Report
The more you look under the hood at this consumer credit number, the worse it is. First of all, the amount of revolving credit actually shrunk sequentially. But worse than that, look at the holders of...
View ArticleCanadians Have Yet To See Any Benefit From The Strong Loonie
When Ontario’s provincial premier recently complained that Canada’s petro-dollar undermines manufacturing exports, many economists tripped over each other to counter that a strong national currency...
View ArticleGet Important Economic News Every Morning With "Money Game Select"
Jump start your morning with the most important economic news and analysis with Money Game Select, an easy-to-read daily email newsletter. What is it? A daily roundup of top headlines, analysis, and...
View ArticleROUBINI: Greece's Private Creditors Are Actually Getting Lucky In The Second...
Greece's private creditors should really stop complaining about an upcoming bond swap, argues economist Nouriel Roubini in a column published today in the FT. Greece's creditors have been miffed about...
View ArticleREVEALED: Business Insider's Official Prediction For Friday's Jobs Report
More than 80 economists have weighed in on this Friday's Nonfarm Payrolls report, with estimates ranging from a low of 125,000 new jobs to 275,000. Banks admit this is a very difficult number to...
View ArticleSTOCKS RALLY EVERYWHERE: Here's What You Need To Know (DIA, SPY, QQQ, VLO,...
Markets broke a very short losing streak. First, the scoreboard: Dow: 12,837.3, +78.1, +0.6%S&P 500: 1,352.6, +9.2, +0.6%NASDAQ: 2,935.6, +25.3, +0.8% And now, the top stories: Germany gave...
View ArticleINTERACTIVE GRAPHIC: Watch How Target Has Completely Destroyed Its...
While many budget retailers have seen sales drop in the past decade, Target's 2011 year-end sales of $68.5 billion is more than double its 2001 revenues. We reviewed a decades worth of sales data from...
View ArticleCHART OF THE DAY: How To Protect Your Money In A War With Iran, And An Oil Spike
One of the big fears for the market is obviously an oil spike, possibly caused by a war with Iran. Such an event would probably be bad for stocks (if oil surged) but given the market and economic...
View ArticleA 30-Second Guide To The Precarious Situation In Greece Right Now
Greece is on the brink of receiving its second bailout, and in case you haven't been following every headline, we wanted to provide a little background on what's going on. Under the current bailout...
View ArticleROBERT SHILLER: This Might Be The 'End Game' For Falling Home Prices
Anyone who follows Robert Shiller closely knows that it's hard to get him to commit to calling a bottom in the housing market, which continues to see prices fall. "I just don't see any scientific way...
View ArticleChina Isn't Playing Fair, And Neither Should We
Getting tough on China is becoming a popular idea. President Obama has established an Interagency Trade Enforcement Committee with a $27 million budget to hit back at unfair trade. Not to be outdone,...
View ArticleHere Are The Key Market Moving Events For Thursday, March 8, 2012 (SFD, AONE,...
Thursday is jobs day in the U.S., with markets eagerly anticipating the final initial claims figure that could impact February's employment report. Announcements will flow out of Europe as well, and...
View ArticleGoldman Reveals The Frustrating Reason That Big Government Debts Slow The...
José Ursúa and Dominic Wilson of Goldman Sachs are out with a big report examining the always controversial linkages between high public sector debt and slow growth. Their work builds off the famous...
View Article10 Once-Bankrupt Companies That Are Primed For A Comeback
This post originally appeared at The Street. You thought these companies were dead. Now they're ready to come back to life and maybe even thrive. In the financial crisis, a surge in bankruptcies not...
View ArticleQE Set To Leave British Pensions $141 Billion In The Hole
A second round of quantitative easing in the UK will leave the country's pension funds £90 billion ($141 billion) out of pocket, the National Association of Pension Funds (NAPF) announced on the third...
View ArticleOne Last Look: It Turns Out Today's Consumer Credit Report Wasn't So Bad
We were initially very excited this afternoon when January consumer credit came in with a much bigger expansion than analysts had expected. Then we got depressed when we looked at the internals of the...
View ArticleCredit Suisse Explains When You Should Start Worrying About Oil Prices
From Credit Suisse's Andrew Garthwaite: The impact on GDP: each 10% rise in the oil price takes 0.2% off US GDP growth and 0.1% off global growth.This time the negative impact of a high oil price on...
View ArticleMassive Treasury Sale Sends AIG Shares Lower (AIG)
The U.S. Treasury Department said that it has sold and priced 206.9 million shares in beleaguered insurance giant American International Group at $29 per share, below yesterday's close. The news has...
View ArticleECB's Draghi Destroys Hopes For Future Rate Cut, Scoffs At Risks To Bank's...
European Central Bank President Mario Draghi spoke to reporters in Frankfurt this morning. He's explained why the bank decided to hold rates steady at 1.00% earlier today, and will be detailing his...
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