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Oil drops to 2004 levels

After the U.S. jobs data came out earlier today, oil fell. Oil fell to $40.81 a barrel by the end of trading today. The job data shows that there will be a large dip in demand for the commodity.
The last time oil traded around this …

Oil falls to near 4 year lows

Oil fell again today to below $46 a barel.
January delivery for U.S. light crude fell to $45.75 today, the lowest since February 2005, before going back up to $46.79 at the end of trading.
With oil prices so low, you can expect major cuts from OPEC …

GM asks for $18 billion

Desperate times call for desperate measures and GM is desperate. Not only did they ask for $18 billion from the government today ($6 billion more than they said they would need), they said they were going to “explore alternatives for the Saturn brand.”
GM’s entire press …

BlackBerry Storm, causing some “real” competition to iPhone?

BlackBerry has been losing market share to iPhone for a little over a year now, so it has done something about it…Late last week the BlackBerry Storm was released.
The first-ever touchscreen BlackBerry has a new feature to touchscreen smart phones; when you touch the on …

Commercial mortgage crisis still ahead?

The same bad debt and problems that brought about the residential mortgage crisis may soon bring about the commercial real estate bust.
Malls across the country are being forced into foreclosure, as well as hotels and other commercial properties.
A problem facing commercial mortgages is that, …