Archive for June 29th, 2008

The year is nearly halfway over, and Wall Street appears to be on even shakier ground than when it began 2008. And this shortened week ahead of the Fourth of July holiday is unlikely to bring the market enough proof that the economic climate is improving.

Oil companies and many lawmakers are pressing to open up more U.S. areas for drilling. But the industry is drilling on just a fraction of areas it already has access to.

Retail gas and diesel prices pushed higher overnight, a daily survey by motorist group AAA showed Sunday. Continued near-record prices are expected to curtail Americans' travel plans during the July 4 holiday weekend.

Worst month for stocks since the Great Depression. A bear market. Oil blows past $140. These are the times that try long-term investors' souls.

Most voters are aware that Barack Obama wants to raise taxes on high-income taxpayers if he's elected president in November.