China Reports $31.48 Billion Trade Deficit in February

China had a trade deficit of $31.48 billion in February, according to data revealed by the General Administration of Customs Saturday. This is another indication that global economic condition is continuing to affect the country's exports.

U.S. Senator Calls for Naval Blockade of Iran

In a bid to pressurize Iran into giving up its nuclear weapons ambitions, the Chairman of the U.S. Senate Armed Services Committee said a naval blockade of Iranian oil exports should precede a U.S.-Israel joint military action against the Islamic nation.

Import surge sends China trade to decade-deep deficit

China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.

Stock Futures Gain Ahead of ADP Data

Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.

Gold Snaps 3-Day Loss as Risk Aversion Rises

Gold regained some ground Wednesday as jewellers in Asia snapped up the metal after prices dropped 2 percent in the previous session, but investors were cautious because of lingering fears about a possible Greek default.

Gulf of Mexico: Is There an Oil and Gas Bonanza?

The U.S. Energy Information Administration believes there are 4 billion barrels of proven reserves of oil within U.S. waters of the Gulf of Mexico and more than 12,000 billion cubic feet of natural gas.


Keystone XL

Will Keystone XL Pipeline Increase Gasoline Prices?

Gas prices are a potent weapon in an election year. TransCanada Corp's proposed $7-billion Keystone XL pipeline, which would move 800,000 barrels of oil a day from Alberta, Canada, to the Texas Gulf, has suddenly become an inalienable part in the election rhetoric.
Traders work on the floor of the New York Stock Exchange, February 28, 2012.

Jobs Reports Could Fuel Continued Rally in Stocks

Stocks have proven the naysayers wrong so far in 2012. And the February employment situation summary on Friday could be just the ticket to keep the bulls going next week. Besides the jobs report on Friday, next week brings an ADP private-sector employment report on Wednesday.
Traders work on the floor of the New York Stock Exchange

Wall Street Dips, Eyes on Oil Prices

Stocks ticked lower in early trading on Friday in a light day on the economic calendar, but the S&P 500 and Nasdaq were on track to close their eighth positive week in the last nine.