In Sync with Buffett: Other Business Icons Betting on Women
Warren Buffett recently made a very public statement in praise of America's professional women. Here are a few other notables who have gone on the record in the same vein.
Saudi Arabia
Top 10 Business Stories of 2012
This would be the year when the global economy finally regained its vigor. At least that's what many had hoped. It didn't happen. So what were the top ten business stories of 2012?
The Debate, Defense and the Fiscal Cliff: Why Tonight Is Really About the Budget (Again)
Tonight's presidential debate is ostensibly about foreign policy, but budget politics will underlie everything the two candidates say. That's because America's foreign policy is scripted by two factors: its pocketbook and its willingness to write checks for overseas military engagements.
Hate Paying $4 a Gallon for Gas? For Imported, You're Paying $8
When gas prices hit $4 at the pump earlier this summer, a lot of motorists were crying Uncle!" They'd be crying all the louder if they realized those first four bucks didn't cover half of it. It's just that the remainder is hidden in your tax bill.
Why Gas Could Hit $5 a Gallon This Summer
If you think you're paying a lot at the gas pump now, just wait until summer hits. Stronger demand could lead to record gas prices as an economic recovery takes hold and turmoil in the Middle East sends the price of oil upward. How high? $5 a gallon isn't out of the realm of the possible.
Why Gas Prices Haven't Fallen Yet
The smart money has been predicting lately that gas prices would fall. Oil has been below $90 a barrel since early August and the International Energy Agency has cut its estimates for crude oil use for the year. But the price of a gallon of unleaded is the virtually the same as it was a year ago.
France's Macaron King Sets Out to Conquer America
The macaron is a filled cookie about the diameter of a half dollar coin that has become a foodie currency in its own right in recent years. It's simple in concept, but near impossible to get right -- and for the first time, Laduree, the French bakery and tearoom that made them famous is opening a U.S. boutique. So, let them eat cake!
White House to Tap Strategic Petroleum Reserve
Describing the president as deeply concerned about the impact on global economic growth of oil supply disruptions in the Middle East and North Africa, the Obama administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve over the next 30 days.
Bad News Sends Gas Prices Racing Downward
Just as fast as gas prices rose, they're now in retreat. Monday's AAA Fuel Report Gage puts the national average of regular at $3.703, down from $3.970 a month ago. Several factors could push gas below $3.50 over the next several weeks, and almost none of them were part of the economic landscape a quarter ago.
With Big Oil Stocks Riding High, It's Time to Take Profits
Exxon Mobil, Chevron and ConocoPhillips are all trading near multi-year highs, and even BP shares have done well recently. Still, while the high oil prices that have been pinching consumers have been great for the industry, there are good reasons not to count on those high stock values lasting.
Will Saudi Arabia's Gambit Drive Oil Prices Even Higher?
Saudi Arabian Oil Minister Ali al-Naimi said his country cut oil production in March because the market was oversupplied. Was this move an honest bid to a bid to expose the speculators and push prices back down, or an attempt to capitalize on the current instability to propel prices higher?
The Bulls Are Optimistic Despite Global Turmoil
Despite turbulent times, U.S. markets are rising again. But is this a temporary bump, or the return of a bull market? The sharp-eyed analysts of Morgan Stanley and Goldman Sachs say its the latter, and their money is on strong growth ahead.
Yes, Stocks Are Extremely Volatile. But Don't Panic!
Some investors have been running scared after the quake and tsunami that devastated parts of Japan and left it with an ongoing nuclear crisis. But when there's gloom in the air, there's also opportunity to buy on the dip and gain from the rebound.
Luxury Biz on Edge After Japan's Earthquake
The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese quake and tsunami on their bottom lines.
Ian Bremmer Talks Global Politics and Investing Pitfalls
Most Wall Street experts are far better equipped to analyze a corporate risk over a political threat. But today, it's political unrest in the Middle East and beyond that's driving world markets. So we asked Ian Bremmer, president of political risk consultancy The Eurasia Group, to break down the major developments and what investors should expect.