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Friday, May 9, 2008

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Market Insider: Predicting Energy Prices

With increasing anxiety, the stock market is looking over its shoulder at the energy markets. Oil briefly topped $126 per barrel today, and as oil trades above $125, we wonder how much these high prices will spread out to affect the consumer, corporate profits, corporate spending and government spending... Click here to read more.

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Buffett's Real Estate CEO

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DRIVING DEMAND: Drivers in China and India pay comparatively little for gasoline because of governments subsidies. It matters to the rest of the world because overall demand won't decline because the average driver doesn't feel the rise in cost, thus, the price of oil doesn't go down. Refineries in these countries are losing boatloads of money; buying oil at very high costs and selling the gasoline at a loss. Michelle Caruso-Cabrera explains why and how this will change, but until it does U.S. and European consumers are stuck with the high prices.

BURNING DOWN THE HOUSE: Desperate times call for desperate measures? When foreclosure is looming, some homeowners have done the unthinkable, and torched their homes to avoid the perils of foreclosure. Jane Wells profiles the life and times of arson as a last resort.

NBC UPFRONT, IN FOCUS: Julia Boorstin is live in New York at the "NBC Experience", as the network kicks off the traditional upfront week in which broadcasters present their new primetime and returning series schedule to media buyers. Last month, NBC broke with tradition with the announcement of a year-round programming schedule.

FOLLOW THE MONEY/ON THE MOVE/REAL-TIME FLASH: Matt Nesto follows the winners and losers in the market, breaking down the biggest stock and sector stories of the day.

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