crude

Wall Street surges higher after upbeat earnings

Wall Street is rallying today, led by strong first-quarter results from JPMorgan, Coca-Cola and Intel that all topped projections. This is a wild reversal from last weeks earnings reports, giving the market a 150+ bps increase in afternoon trading.

Vested Interest: 
The economy and my future
Stock Symbol: JPM JP MORGAN CHASE C Stock Price: $46.53 Todays Change: -0.49 (-1.04%)

Oil Prices Drop on Concerns the Slowing Economy Is Cutting Demand

Just a little oil news. Doesn't seem to be following any logic here. Expect a turnaround and to see the prices go up.

Oil futures extended their declines Thursday, sliding below $100 a barrel at times as concerns about the economy and demand for oil grew and the dollar strengthened.

Vested Interest: 
Gas for my car
Stock Symbol: USO U.S. OIL FUND ET Stock Price: $102.27 Todays Change: +2.06 (+2.06%)

Exxon’s 2007 tax bill was more than the bottom 50% of American taxpayers

In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people!

Stock Symbol: XOM EXXON MOBIL CP Stock Price: $92.67 Todays Change: +1.37 (+1.50%)