Gasoline prices continue to rise, and most analysts expect to see gas easily surpass its 2008 record high of $4.11 a gallon before all is said and done. With oil trading just shy of $109 a barrel (as of the time of writing this oil is trading at $108.34 a barrel), it is little doubt that high gasoline prices are here to stay for a while, and with the high demand ...

Taking a look at futures trading this morning indicates that the market is going to get off to a tough start for the trading day of February. Investors continue to express concern that the stimulus package that was recently passed in the House is not going to get passed when the Senate gets its chance to vote on the new plan. There is still a good deal of concern over what ...

Another tough day ahead of us on Wall Street, as international markets have sold off about 4% today on widening fears over the slowing global economy. Look for another sell off on Wall Street, as futures are indicating a very sharp drop at the open. After the volatile week last week, many of us had some hopes that the Bush approved $700 billion bailout plan that was passed late on Friday ...

Energy prices just keep on heading higher, and today we see new highs for both oil and gas. Oil crept through the $143 mark today, a traders continue to see oil as their refuge from a weak overall global economy. As recession fears continue to weigh on the minds of traders, they are flocking into commodities as a hedge against a possible full blown recession.  Supply concerns are also present today, ...

Futures are trading above fair values this morning as Wall Street prepares for a strong start to the day. There are two main factors at work today, strong earnings from computer giant Dell Computer (NASDAQ: DELL), and positive economic data on consumer spending that came out this morning. DELL reported its first quarter numbers last night, and easily beat analyst estimates for the quarter, showing earnings of 38 cents per share, which ...

Oil prices have continued to move higher today, hitting a new record high of $130.47 as investors continue to push prices higher in reaction to the slumping American dollar. Last week it had started to look as though the dollar was making a comeback, but that has changed, and now the dollar is once again dropping, and as a result oil prices are moving into new territory. The euro is moving ...

Despite surging food prices, inflation was actually a bit lower in April than the 0.3% inflation that we saw back in March. According to the Labor Department, inflation moved up 0.2% in April, which was slightly under the 0.3% inflation in March. Analysts had been expecting to see inflation rise by 0.3% again in April. If you exclude food and energy costs, then you are left with a core inflation, which was ...

With all the concerns that we have been hearing about a possible recession this year, it was good to see that the U.S. economy did grow during the first quarter, even if it was just bit a small amount. According to a report from the Commerce Department today, the economy grew at 0.6% during the first quarter of the year. That is the same growth that we saw in the last ...

Fueled by a bullish weekly inventory report, oil prices traded up to set a new all time high today. The previous record high oil price was $111.80, but that record was shattered today, as prices moved up to set a new high of $112.21, and are currently trading up $2.17 to $110.67. Before today's inventory report, analysts had been expecting to see the Energy Department report that oil inventories had risen ...

Oil prices have continued their recent surge following this week's inventory report from the Energy Department. Oil has jumped $2.65 to $111.15, and are very close to hitting its historic all time high of $111.80. Prices moved up as high as $111.43 immediately following today's report. The market had been pretty flat for most of this morning, in anticipation of today's report. What we have seen is a drop of oil ...