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Big store stocks fall as gas prices rise »

Posted by: STONERS 2 years, 6 months ago
Archived 20 0 drops

Shares in most of the nation's big-format stores, including department stores and discounters, slipped Monday as rising energy prices made investors nervous about consumers' willingness to spend in the coming months.

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Comments: 3
  • Avg rating: (+0/-0 0)STONERS
    STONERS
    April 25, 2007, 1:26 a.m.

    On Monday, crude oil prices soared above $65 a barrel in New York on growing fears that oil supplies could be disrupted as violence heightens in Nigeria and oil workers in Belgium threatened to strike.

    • Avg rating: (+3/-0 3)KSUmarksman
      KSUmarksman
      April 26, 2007, 12:47 a.m.

      npting more than speculators and hedgers using any excuse they can to raise prices to make a profit.

      I've often said that they (the government) should put a couple BGM-109s thorugh the NYMEX offices and the speculators would suddenly discover a conscience and stop hiking prices beyond what market fundamentals dictate. Unfortunately the government only uses force at home against potheads and gun nuts...

      • Avg rating: (+0/-0 0)TimiR
        TimiR
        Sept. 17, 2007, 9:02 a.m.

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