Archives for June 2007
The US economy is still growing, but at a much slower level than previously thought. The economy moved at just .7% for the first quarter of the year, which is one of the slowest paces it has seen in the last 4 years. This brings mixed feelings to those that are heavily invested in the […]
Big Oil has announced that because of the new interest in biofuels, refinery expansion is not going to happen as planned. The oil industry is now seeing a renewed interest in biofuels, such as E85 Ethanol and bio-diesel. With this interest, especially being pushed by the Bush Administration, oil companies are deciding not […]
During the last year (May 06 to May 07), the number of housing closures has jumped 90%. May 2007 was up 19% over April 2007, which shows that the poor housing market has taken a toll this spring. A large part of this increase is due to the faltering of the subprime markets, which cater […]
Due to the weakening of the storm threatening the oil rich middle east, the price of oil once again dropped today. The price of crude oil dropped more than $2 on weather reports that the storm has weakened. This is good news for the US as hurricane season and the busy driving season has pushed […]
The family that controls Dow Jones & Co, the parent of the Wall Street Journal, has announced that they will consider an offer from Rupert Murdoch to buy the company. They are also considering options from other potential buyers. Look for the stocks of these two to be mixed tomorrow, depending on if an offer […]