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Oil and Gas News

Billy Graham's body arrives at namesake library

Billy Graham's body arrives at namesake libraryAdmirers took photos on their phones, fire trucks parked on freeway overpasses and police officers saluted as a motorcade carrying the body of the Rev. Billy Graham crossed the evangelist's beloved home ...


Posted on 25 February 2018 | 3:56 am

Buffett says 'terrible mistake' for long-term investors to be in bonds

Buffett says 'terrible mistake' for long-term investors to be in bondsBillionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds. Buffett said it is a "terrible mistake" for investors with long-term horizons - among them, pension funds, college and endowments and savings-minded individuals - to measure their investment "risk" by their portfolio's ratio of bonds to stocks. The long-time bull on U.S. companies and the economy issued his latest letter to Berkshire Hathaway Inc shareholders on Saturday.


Posted on 24 February 2018 | 8:11 pm

Buffett says Berkshire can handle $400 billion mega-catastrophe

Buffett says Berkshire can handle $400 billion mega-catastropheWarren Buffett says: Bring it on. In his annual letter to shareholders of Berkshire Hathaway Inc , Buffett said "no company comes close" to his conglomerate in its ability to financially withstand even a mega-catastrophe that causes $400 billion of insurance losses. Buffett said the odds of such a catastrophe in any year is just 2 percent, but that Berkshire would lose only about $12 billion, a sum more than offset by annual profits from its non-insurance businesses.


Posted on 24 February 2018 | 8:11 pm

Berkshire boosts liability estimate on AIG reinsurance contract

Berkshire boosts liability estimate on AIG reinsurance contractIn its annual report, Berkshire said the increase, to $18.2 billion, was made in the fourth quarter, and was based on higher-than-expected loss payments reported by AIG. Berkshire also boosted a related deferred charge asset by $1.7 billion, and estimated its year-end net liability under the contract was $10.7 billion. The January 2017 contract called for Berkshire's National Indemnity Co to take on many of the long-term risks in AIG's property and casualty portfolio, sometimes known as "long-tail" exposure, in exchange for $10.2 billion upfront.


Posted on 24 February 2018 | 7:39 pm

As Southwest Airlines Enters Hawaii, Alaska Airlines May Be the Biggest Loser

As Southwest Airlines Enters Hawaii, Alaska Airlines May Be the Biggest LoserOver the past decade, Alaska Airlines has built up a nice business flying to Hawaii from California's second-tier airports. However, Southwest Airlines' entry into the Hawaii market may force Alaska to retreat.


Posted on 24 February 2018 | 7:15 pm

You probably shouldn't buy the 2017 Lexus RX 350 F Sport

You probably shouldn't buy the 2017 Lexus RX 350 F SportCNBC reviews the 2017 Lexus RX 350 F Sport.


Posted on 24 February 2018 | 6:19 pm

These 3 Dividend Stocks Offer Shares at a Discount

These 3 Dividend Stocks Offer Shares at a DiscountFind out how a dividend reinvestment plan can help you.


Posted on 24 February 2018 | 4:41 pm

Boeing Hedges Its Bet in MQ-25 Drone Competition

Boeing Hedges Its Bet in MQ-25 Drone CompetitionThe company is taking steps to make sure it's involved in the winning bid in a competition that will help push military aircraft technology forward.


Posted on 24 February 2018 | 4:30 pm

8 memorable quotes from Warren Buffett's newest shareholder letter

8 memorable quotes from Warren Buffett's newest shareholder letterThe 'Oracle of Omaha' releases his newest shareholder letter.


Posted on 24 February 2018 | 3:42 pm

Now's the Time to Buy These Stocks

Now's the Time to Buy These StocksThese companies know exactly what they're doing.


Posted on 24 February 2018 | 3:36 pm

In Your 60s? 3 Stocks You Should Consider Buying

In Your 60s? 3 Stocks You Should Consider BuyingThese companies have the one thing 60-somethings should look for in stocks. (Hint: It's not a dividend.)


Posted on 24 February 2018 | 3:32 pm

Universal Display Falls on "Weak" Guidance

Universal Display Falls on "Weak" GuidanceBut make no mistake, this is more an issue of timing for the OLED technologist than anything else.


Posted on 24 February 2018 | 3:00 pm

Retiring at 62 vs. 70: Pros and Cons

Retiring at 62 vs. 70: Pros and ConsThe age at which you retire will impact the rest of your life, so choose carefully.


Posted on 24 February 2018 | 2:21 pm

NYSE Top Dividend Paying Stocks

NYSE Top Dividend Paying StocksWilliams Companies is one of our top dividend-paying companies that can help boost the investment income in your portfolio. These stocks are a safe way to create wealth as theirRead More...


Posted on 24 February 2018 | 1:02 pm

Like Dividends? I Bet You'll Love These 4 Stocks

Like Dividends? I Bet You'll Love These 4 StocksWith yields currently above 8%, each of these companies offers investors an attractive income stream.


Posted on 24 February 2018 | 12:17 pm

Here's the Average Length of Retirement. Will Your Money Last That Long?

Here's the Average Length of Retirement. Will Your Money Last That Long?There's a good chance you'll live longer than average, and you don't want to outlive your money. Here's how to avoid that.


Posted on 24 February 2018 | 11:18 am

Trump Weighs ‘Red Flag’ Orders to Take Guns Away Quickly

Trump Weighs ‘Red Flag’ Orders to Take Guns Away QuicklyThe White House is considering the idea of using restraining orders to take firearms away from people considered dangerous as part of its response to last week’s massacre at a Florida high school, two ...


Posted on 24 February 2018 | 11:00 am

Latest Mueller indictment spells trouble for bankers, too

Latest Mueller indictment spells trouble for bankers, tooRecently filed federal charges against President Donald Trump's ex-campaign chairman Paul Manafort could also pose legal and regulatory risks for the banks that loaned him millions of dollars against his ...


Posted on 24 February 2018 | 9:16 am

These companies are cutting ties with the NRA

These companies are cutting ties with the NRAIt's not the first time that companies tied with the NRA have been under pressure. But this time, they're making some real changes.


Posted on 24 February 2018 | 9:02 am

GE asset sales catch the attention of private equity firms

GE asset sales catch the attention of private equity firmsCarlyle Group Co-CEO Glenn Youngkin discusses how his company plans to continue its success and what the future holds for General Electric.


Posted on 24 February 2018 | 1:54 am

Gates, Manafort charges can’t be dragged back to Trump: Chris Farrell

Gates, Manafort charges can’t be dragged back to Trump: Chris FarrellJudicial Watch Director of Investigations Chris Farrell discusses special counsel Robert Mueller’s charges against Trump campaign aides Rick Gates and Paul Manafort.


Posted on 24 February 2018 | 1:51 am

3 Big Drugmakers Boosting Huge R&D Budgets

3 Big Drugmakers Boosting Huge R&D BudgetsThese three biopharmaceutical companies boosted their R&D budgets by more than $1 billion last year. Will it pay off for investors?


Posted on 24 February 2018 | 12:09 am

Democrats distance themselves from Nancy Pelosi

Democrats distance themselves from Nancy PelosiFormer President George W. Bush Deputy Assistant Brad Blakeman discusses why Democrats are starting to disengage from Senate Minority Leader Nancy Pelosi.


Posted on 23 February 2018 | 11:53 pm

California parents face new charges in kids' torture case

California parents face new charges in kids' torture caseA Southern California couple suspected of starving and shackling some of their 13 children pleaded not guilty Friday to new charges of child abuse. David and Louise Turpin previously entered not-guilty ...


Posted on 23 February 2018 | 11:50 pm

GE says it may face U.S. action over subprime mortgage operations

GE says it may face U.S. action over subprime mortgage operationsGeneral Electric Co (GE.N) faces potential action by the U.S. Justice Department over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages, according to a regulatory filing on Friday. GE said the department "is likely to assert" violation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) "in connection with WMC's origination and sale of subprime mortgage loans in 2006 and 2007," the filing said. "WMC and GE Capital will explore whether an acceptable settlement of this matter can be reached.


Posted on 23 February 2018 | 11:37 pm

Here's How Much Bitcoin Elon Musk Owns

Here's How Much Bitcoin Elon Musk OwnsHere's How Much Bitcoin Elon Musk Owns


Posted on 23 February 2018 | 11:26 pm

General Electric Cuts $2.4 Billion Off S&P-Worst Pension Deficit

General Electric Cuts $2.4 Billion Off S&P-Worst Pension DeficitGeneral Electric Co. trimmed its pension deficit by $2.4 billion as the manufacturer tackles the worst shortfall in corporate America.


Posted on 23 February 2018 | 11:15 pm

US asks judge to approve seizure of Pharma Bro's assets

US asks judge to approve seizure of Pharma Bro's assetsHe also was wearing a loose-fitting jail uniform instead of street clothes as he listened to the government argue that he's on the hook for more than $7 million for his securities fraud conviction. "Under ...


Posted on 23 February 2018 | 11:13 pm

Why Nvidia (NVDA) Stock Is the Cheapest It's Been in Nearly a Year

Why Nvidia (NVDA) Stock Is the Cheapest It's Been in Nearly a YearInvestors looking to determine whether Nvidia is "cheap" or "expensive" might be best served by comparing the stock to itself. With that said, a quick glance at Nvidia's historical Forward P/E reveals that the stock is actually trading at its lowest valuation in nearly a year.


Posted on 23 February 2018 | 8:40 pm

I drove a $70,000 Chevy Tahoe RST on a family road trip to put it to the test —here's how it held up

I drove a $70,000 Chevy Tahoe RST on a family road trip to put it to the test —here's how it held upThe Chevy Tahoe is a large-and-in-charge American SUV that's a great way to haul around a large family.Our tester was a $70,000-plus special edition, but the base Tahoe is $47,500.Fuel economy is a negative, comfort and power are not.


Posted on 23 February 2018 | 7:57 pm

Trump Says U.S. Re-Entering Pacific Trade Deal a ‘Possibility’

Trump Says U.S. Re-Entering Pacific Trade Deal a ‘Possibility’President Donald Trump said he would consider rejoining the Trans-Pacific Partnership if the U.S. could negotiate more favorable terms.


Posted on 23 February 2018 | 7:44 pm

Wells Fargo: AT&T, Time Warner Ought To Beware The Ides Of March

Wells Fargo: AT&T, Time Warner Ought To Beware The Ides Of MarchJudgment day is fast approaching for AT&T Inc . (NYSE: T ), which is staring down a March 19 court date with the Department of Justice, which is suing to block its proposed buyout of Time Warner Inc (NYSE: ...


Posted on 23 February 2018 | 7:34 pm

Trump: Never had a better relationship with China than no...

Trump: Never had a better relationship with China than no...At a joint news conference at the White House, President Donald Trump answers questions about General Mattis' view on China.


Posted on 23 February 2018 | 7:34 pm

Rick’s mailbag: 'What bullsh**! My health care costs skyrocketed!'

Rick’s mailbag: 'What bullsh**! My health care costs skyrocketed!'We reported recently that overall health care spending moderated between 2008 and 2013. Some readers took issue with that idea.


Posted on 23 February 2018 | 7:14 pm

10 Things You Must Know About Your Credit Score

10 Things You Must Know About Your Credit ScoreCredit scores have the power to impact your financial well-being. Credit card companies, banks and credit unions are making it easy for customers to view their credit scores on demand, and often for free. Here are 10 things you need to know about your credit score, according to experts.


Posted on 23 February 2018 | 5:50 pm

Mnuchin Says New Sanctions Against Russia Are Coming in ‘Weeks’

Mnuchin Says New Sanctions Against Russia Are Coming in ‘Weeks’The U.S. will impose new sanctions on Russia within weeks, Treasury Secretary Steven Mnuchin said.


Posted on 23 February 2018 | 5:25 pm

Mnuchin Says Ivanka Trump Has Been Briefed on North Korea Sanctions

Mnuchin Says Ivanka Trump Has Been Briefed on North Korea SanctionsFeb.23 -- U.S. Treasury Secretary Steven Mnuchin speaks at a news conference in Washington about the Trump administration's new sanctions against North Korea.


Posted on 23 February 2018 | 5:21 pm

Oracle Corporation Is Stepping Up to Cloud Prominence

Oracle Corporation Is Stepping Up to Cloud ProminenceWhen Wall Street thinks of the companies leading the migration of computing off local servers and onto the global cloud, Oracle Corporation (NYSE:ORCL) is not very high on that list. But now that the database giant has started aggressively shifting its Fortune 500 customers to cloud relationships, it’s time prominent early players like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL) start watching their backs.Source: Shutterstock


Posted on 23 February 2018 | 5:10 pm

Citigroup to refund $335 million of credit card interest charges

Citigroup to refund $335 million of credit card interest chargesCitigroup Inc (C.N) said on Friday that it had failed to properly reduce interest charges on some 1.75 million credit card accounts since 2011, prompting a $335 million (239.65 million pounds) refund to customers later this year. The refund, which will average $190 per account, stems from the bank's discovery that it had not used a proper method for reducing interest charges for cardholders who resumed timely payments after having had to pay penalty rates for lapses. The errors amounted to about 10 percent of the interest reductions cardholders were due, the bank said.


Posted on 23 February 2018 | 4:59 pm

Comcast Corporation’s Wireless Doesn’t Look Crazy Now

Comcast Corporation’s Wireless Doesn’t Look Crazy NowShortly before and after Comcast Corporation (NASDAQ:CMCSA) got into the wireless phone game back in April of last year, T-Mobile Us Inc (NASDAQ:TMUS) CEO John Legere was all too happy to supply his typical taunts of existing and potential competitors. Comcast stock-owners didn’t sweat the ribbing too much, though. As it turns out, there may something there for the wireless service.


Posted on 23 February 2018 | 4:45 pm

Why Apple Inc.'s Next iPhone X Will Cost at Least $899

Why Apple Inc.'s Next iPhone X Will Cost at Least $899Don't expect a big price drop for Apple's next-generation iPhone X.


Posted on 23 February 2018 | 3:45 pm

Goldman: These 10 stocks most loved by hedge funds — including Amazon — are beating the market

Goldman: These 10 stocks most loved by hedge funds — including Amazon — are beating the marketGoldman's "Hedge Fund VIP" list is outperforming the S&P 500 so far this year.


Posted on 23 February 2018 | 3:06 pm

Walmart Inc Has Been Discounted Dramatically — Time to Buy

Walmart Inc Has Been Discounted Dramatically — Time to BuyShares of Walmart Inc (NYSE:WMT) are finally showing signs of a rebound after a post-earnings bloodbath. Walmart stock suffered the worst-ever point decline in history, dropping over 13 points (12.64%) from the pre-earnings close of $104.78 to the post earnings low of $91.24 two days later. It is important to note that while growth slowed, it was still solid growth. Indeed, many analysts came to the defense of Walmart stock for that very reason.


Posted on 23 February 2018 | 2:58 pm

Tara Lipinski Says This Is the Best Thing About Working the Olympics With Johnny Weir

Tara Lipinski Says This Is the Best Thing About Working the Olympics With Johnny WeirAnd she shared her advice on how to find a second career you love


Posted on 23 February 2018 | 2:53 pm

Porsche shows off next-gen 911 in camo, reveals some tidbits

Porsche shows off next-gen 911 in camo, reveals some tidbitsDoesn't it seem like only yesterday when the 991 generation Porsche 911 debuted? Well, it's been 6½ years already, as the wraps came off the 991 at the Frankfurt show in fall 2011. Possibly to address any rumors, Porsche showed the 2020 992 today in official photos, still wearing camo.


Posted on 23 February 2018 | 2:20 pm

Florida man yells 'murderers!' as he's put to death

Florida man yells 'murderers!' as he's put to deathAs the execution drugs were being administered, inmate Eric Scott Branch let out a blood-curdling scream. Then he yelled "murderers! murderers! murderers!" as he thrashed on a gurney as he was ...


Posted on 23 February 2018 | 1:59 pm

Acquisition Gone Wrong: Tesla Can't Find a Home For Solar Energy

Acquisition Gone Wrong: Tesla Can't Find a Home For Solar EnergyTesla is shrinking its solar business at an astonishingly fast rate.


Posted on 23 February 2018 | 1:44 pm

3 Top AI Stocks in China to Buy Now

3 Top AI Stocks in China to Buy NowThe U.S. isn't the only country with a booming artificial intelligence industry, and investors may be missing out on the potential for big gains.


Posted on 23 February 2018 | 1:43 pm

3 Stocks That Feel Like Microsoft in 1986

3 Stocks That Feel Like Microsoft in 1986Want to get in early on a few stocks that hold tremendous long-term potential? Here are three to consider.


Posted on 23 February 2018 | 11:00 am

A Billionaire Silicon Valley VC Is So Eager to Keep Surfers Off His Beach He's Taking Them to the Supreme Court

A Billionaire Silicon Valley VC Is So Eager to Keep Surfers Off His Beach He's Taking Them to the Supreme CourtA Billionaire Silicon Valley VC Is So Eager to Keep Surfers Off His Beach He's Taking Them to the Supreme Court


Posted on 23 February 2018 | 10:55 am

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