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WalMart, which has held the top spot on the Fortune 500 list for the past 6 of seven years, gave it up today when Exxon Mobil overtook the retail giant, showing that the falling oil prices has little effect on the bottom line of the …

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

With falling demand, oil is still falling. Today a barrel of crude closed around $63 a barrel. U.S. factory numbers came out today and the report showed US manufacturing activity fell to the lowest levels in 26 years.
The fall in manufacturing is bad …

OPEC announced today that it would be slashing oil production by 1.5 million barrels a day. The news was not seen very positively by either American or British governments. Both had representatives saying that the cut in oil, and the subsequent rise in …

Studies are showing up that the wealth gap is starting to become and more separated not only in America but America in relation to other countries as well. In America I’m sure people can feel it here without me saying much about it. I’m sure …