Keystone XL

U.S. stocks traded mixed today as investors are anxiously waiting for Tuesday's testimony from Janet Yellen. Yellen will make her first appearance before the U.S. House of Representatives with a Senate session scheduled for Thursday. Elliot Spar, market strategist at Stifel told CNBC that "...

With the State Department’s release of a report Friday concluding the Keystone XL pipeline would not substantially worsen carbon pollution, the Obama administration apparently had one less reason for not approving the project. Last summer, the President said he would approve the 1,700-mile...

The U.S. State Department released its expected environmental impact statement of the controversial Keystone XL pipeline project on Friday afternoon – and said the project is unlikely to alter greenhouse gas emissions or affect America's hunger for cheap oil. “Approval or denial of any one...

Major indices continued to plummet on Friday with no economic data released that could rejuvenate the market. Investors remain worried about a Chinese slowdown, a mixed-bag of corporate results on Wall Street and possible further tapering just around the corner as the Fed meets again next...

The market took a bit of a breather Thursday following two strong days of gains. Earnings from two major banks failed to keep the momentum alive and investors focused on Best Buy's (NYSE: BBY) disappointing holiday guidance which contradicts the strong retail sales report earlier this week....

After much anticipation and heavily speculation the Federal Reserve announced a $10 billion per month taper. Treasury purchases will be cut to $40 billion per month with MBS purchases cut to $35 billion per month. The Fed's move shouldn't come as a surprise as recent economic data and...

Can Keystone pass President Obama's climate test? That was the topic of discussion among a collection of speakers and advocates mostly opposed to Keystone XL. Among those speaking was billionaire activist Tom Steyer, according to The Globe and Mail. “Keystone XL fails his [President Obama's]...

The Dow hit a record close in an otherwise quiet Veterans Day on Monday. There were no economic data releases by the government and few companies reporting earnings. The markets were anticipating a pick-up in Monday's rather slow activity with the lead-up to Janet Yellen's confirmation hearing on...

Another major accident involving a train carrying crude oil from North Dakota is drawing attention to the vulnerabilities of transporting oil by rail. Officials are still trying to determine what caused a 90-car train, reportedly carrying 2.7 million gallons of crude oil, to derail and explode...

Crude oil prices jumped overnight after news that Trans Canada Corp's Keystone XL Glulf Coast pipeline would open toward the end of the year. The pipeline will carry crude oil from Crushing, Oklahoma to Nederland, Texas. However, the abrupt surge was followed by a fall as the US government entered...