The separation of Conoco from Phillips 66 should have benefits for investors in both companies.
$5 gas is going to pinch no matter how much you inflate your tires or slow your speed. But buying oil-sector shares can more than make up for the economic setback from $5 gas.
Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.
Chinese hackers sought to steal designs, formulas, and processes from chemical companies in the US and elsewhere, according to a report by cybersecurity firm Symantec. It's the latest example of Chinese hackers targeting a sector of the US economy.
Cybersecurity firm McAfee says it infiltrated a 'command and control' server with detailed logs of five years of cyberattacks against targets ranging from the US government to the World Anti-Doping Agency. McAfee suggests a country was behind it. Experts suspect China.