Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.
Jon Corzine heads to Congress today to answer for the collapse of brokerage firm MF Global. The European Union is looking to the International Monetary Fund for bailout help, and that could have ripple effects in the U.S. Reporter Sally Herships looks at what other businesses can gain from big-box storse like Costco and Walmart. And the countdown to a big European summit is nearing its end.
The price of crude oil has jumped to more than $100 a barrel. Many analyst blame "speculators." But it turns out, these days "speculators" are often pensions and mutual funds, not just traditional traders.
Consumer sentiment and spending numbers have been inching higher in the last few weeks. But the ongoing high price of oil could put a cap on that growth.
