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Oil below $57 a barrel

Oil has dipped even lower today amid fears of a global recession and demand taking a steep dive.
Like in my last post, I have said that so many jobs are being cut, and this would fall in the same category of ‘economic bad news.” At …

Oil has 2 day plunge

In Asian trading markets Friday, oil stayed steady at $61 a barrel after having a 2 day drop. Oil has dropped so far because of fears of a deep recession in the United States.
Thursday, investors were dumping oil because of reports that demand for oil …

Good morning markets!

It looks like it may be another bad day on Wall Street…if Asian markets are any indicator of how our markets will perform anyway.
In the Philippines,the market fell 12 percent after government officials failed to ease the global recession fears. The Tokyo market had …

Dow finishes under 10,000 for the first time since 2004

Today was a bad day on Wall Street. At one point in the day, the Dow was down 800 points, it finally closed down just 370 points. However, it still closed under 10,000 for the first time since 2004.
The reason for the drop …

Name brand food companies to up advertising.

Well, it looks like brands like Sara Lee and Kraft are tired of generics beating them out on sales. While other companies (like auto makers) aren’t advertising as much, some of the larger food companies are planning a large ad campaign to get budget …