Archive for July 2nd, 2008

Oil prices rose to a new record Wednesday as traders mostly looked past a mixed inventory report to focus on continued geopolitical instability and currency issues.

The U.S. military will open up airspace for commercial air travel during the Independence Day weekend to relieve congestion, the U.S. Department of Transportation said Wednesday.

Stocks gave up a recovery attempt, turning lower Wednesday afternoon, as investors eyed higher oil prices, a downgrade of General Motors and a weak private sector jobs report ahead of Thursday's big government report.

Oil prices rose Wednesday as traders mostly looked past a mixed inventory report to focus on continued political and currency issues.

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Spiking oil prices and a downgrade of General Motors were among the factors dragging on stocks Wednesday afternoon.

Every retailer that expands across the U.S. hits the wall on growth eventually. And every retail entrepreneur, no matter how talented, is eventually exposed as more romantic dreamer than disciplined operator.

Rock-bottom home prices have finally begun to lure vulture real estate investors into the fray.

Spiking oil prices and a downgrade of General Motors were among the factors dragging on stocks Wednesday afternoon.