"If the Trump administration opens up federal leases for oil and gas, Federal lands would get 25% per barrel of revenues. You will have a lot of trouble finding an oil company that can make money at $52.50 per barrel with what they have left from a $70 barrel," said Co...
Shares of the pizza chainDomino'ssunk more than 7% in premarket trading on Tuesday after the company withdrew its 2020 financial guidance. "Due to the current uncertainty surrounding the global economy and the Company's business operations considering COVID-19, the Company is withdrawing its fiscal...
"If the Trump administration opens up federal leases for oil and gas, Federal lands would get 25% per barrel of revenues. You will have a lot of trouble finding an oil company that can make money at $52.50 per barrel with what they have left from a $70 barrel," said Cole Smead, pre...
Stock futures point lower From CNN Business' David Goldman Yesterday was all about a triple dose of optimism: A promising vaccine trial, the Fed’s stimulus promise and the reopening of the economy lifted Wall Street’s spirits. Today, investors aren’t in such a chipper mood. Wall Street...
Dow futures tumble From CNN Business' David Goldman Russia continued to bear down on Ukraine’s largest cities over the weekend, but Russian fighters bore stiff resistance from Ukrainians. Peace talks are set to take place between delegates of the two nations Monday on the Ukraini...
From CNN Business' Anneken Tappe TheDowclimbed sharply around mid-morning, rallying past its peers. Stocks opened in the green today, but the Dow is now taking the lead, climbing 1.1%, or some 300 points. The best performer in the index isWalt Disney(DIS), which is up nearly 10% f...
From CNN's David Goldman Stocks: US stock futures fell ahead of several bank earnings this morning. Investors also fretted a retail sales report that is expected to show consumers are pulling back on their spending. Dow futures were down 75 points, or 0.2%. S&P 500 futures fell 0.2%. Na...
Stock futures fall from highs after strong GDP report From CNN Business' David Goldman A stronger-than-expected GDP report weighed on Wall Street investors worry the Federal Reserve may have room to raise rates for quite some time. US GDP for the third quarter came in at a 2.9% seasonally ...
From CNN's Alicia Wallace Jerome Powell testifying in front of the Senate Banking Committee today. (From U.S. Senate Committee on Banking, Housing, and Urban Affairs) In prepared remarks, Federal Reserve Chair Jerome Powell said Tuesday the US central bank is prepared to increase the pace ...
New YorkCNN— Financial markets have a way ofresponding to chaosthat often feels icky. Tragedy strikes and traders (or trading algorithms) sniff out a way to make money off of it. On Jan. 6, 2021, with the Capitol in chaos, the Dow closed at a record high. Stoc...