rising oil prices
Stocks fall as oil prices stir economic worries
Posted May 23rd, 2008 by California Home LoanNEW YORK -- Wall Street ended a week of big losses with more selling Friday as rising oil prices again raised worries that strained consumers will cut back spending and hurt the overall economy. The Dow Jones industrials fell nearly 150 points in the final session before the three-day holiday weekend.
Market flat as earnings fears temper credit hopes
Posted April 7th, 2008 by California Home LoanNEW YORK (Reuters) - Stocks were little changed on Monday as rising oil prices stoked fears that corporate profits will suffer, overshadowing optimism the credit crisis is easing on news that Washington Mutual Inc was close to securing a $5 billion investment.
Exxon and Chevron both see profits soar
Posted February 2nd, 2008 by AdminExxon Mobil Corp. shattered its own record as the world's most profitable publicly traded corporation, as rising oil prices helped the company bring in better-than-ever income and revenue for the fourth quarter and 2007.