Commodities

One of the top criticisms investors often make about commodities markets is price volatility, and now the CFTC, is weighing in with a new rule designed to prevent wild swings.

IntercontinentalExchange Group Inc. (ICE) on Wednesday reported second-quarter profit of $283 million.

___ US probing possible airline collusion that kept fares high WASHINGTON (AP) — The U.S. government is investigating possible collusion among major airlines to limit available seats, which keeps airfares high, according to a document obtained by The Associated Press.

IntercontinentalExchange Group Inc. (ICE) on Tuesday reported first-quarter earnings of $315 million.

Beyond the turmoil shaking financial markets, the U.S. economy remains sturdier than many seem to fear.

Oil fell below $104 per barrel on Monday as expectations of increased supply offset strong U.S. job growth.

The price of crude oil slipped for a seventh straight day Friday as expectations of increased supply offset strong U.S. employment growth.

The price of oil extended losses to near $104 a barrel Thursday as the risk of supply disruptions in Iraq continued to recede.

The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.

___ Georgia lawsuit still causing trouble for GM DETROIT (AP) — For more than a year, a lawsuit filed by Brooke Melton's family has caused major migraines for General Motors.

The price of oil held steady on Friday as poor U.S. economic data raised the prospect of weak growth in energy demand while fears eased that fighting in Iraq would disrupt exports.

The price of oil was steady Tuesday as investors monitored the insurgency roiling Iraq for any signs it could affect its oil production and exports.

Whenever you hear, "this time is different," the wise move is usually to ignore it.

Goldman Sachs easily trumped Wall Street expectations in the fourth quarter even as fixed-income trading revenue slumped. 

The CFTC is reportedly eyeing a civil lawsuit against the former New Jersey governor and Goldman CEO.

Lacking any catalysts, the price of oil barely changed Monday.

As commodities continue to get pounded, with the majority in a severe downtrend in November, U.S. manufacturing, led by the struggling energy sector, has been pushed into a recession. 

The U.S. Department of Agriculture says it will be a less profitable year for farmers as low grain, milk and hog prices cut into income.

___ US job growth eases but tops 200K for a 6th month WASHINGTON (AP) — A sixth straight month of solid 200,000-plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion.

Stock market volatility has fueled growing doubts that the Fed can raise interest rates as fast as central bank policy makers had forecasted last month.