Category Archives: Market

Stocks: Best week in two years

By doris | Published: July 2, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — The fireworks came early on Wall Street. Stocks started the second half of the year firing on all cylinders Friday, posting the strongest week in two years, as fresh data boosted investor optimism about the state of the economy. After starting the day barely changed, the Dow [...]

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Stocks soar on housing data

By doris | Published: June 28, 2011

Full Story at Money.com NEW YORK (CNNMoney) — U.S. stocks rallied on Tuesday, with the Dow jumping 145 points, as investors cheered a report showing home prices rose for the first time in nine months in April. “The market was hungry for some good news, particularly on housing,” said Fred Dickson, chief investment strategist with [...]

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Central bankers agree on bank capital surcharge plan

By doris | Published: June 25, 2011

Full Story atnews.Yahoo.com BASEL, Switzerland/LONDON (Reuters) – Global banking regulators have agreed on a proposal to slap an extra capital charge on the world’s biggest banks to make them safer by 2019. The surcharge is part of a series of regulatory reforms launched in response to the financial crisis, which forced countries worldwide into costly [...]

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Drivers catch a break as gasoline prices fall

By doris | Published: June 24, 2011

Full Story atnews.Yahoo.com NEW YORK – A summer road trip may not be such a bad idea after all. Gasoline prices are falling fast. In the past 7 weeks, the average U.S. retail prices has dropped 38 cents to $3.60 per gallon. Another 25-cent drop is expected by mid-July. When prices approached $4 in early [...]

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Oil tumbles on plan to release int’l reserves

By doris | Published: June 23, 2011

Full Story at news.Yahoo.com NEW YORK – Oil tumbled Thursday after the International Energy Agency, which includes the U.S., said it will release some of its emergency oil supplies to stave off a possible spike in energy prices that could strain the global economic recovery. The IEA, based in Paris, will make 60 million barrels [...]

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Fed holds interest rate as US recovery limps

By doris | Published: June 22, 2011

Full Story at news.Yahoo.com WASHINGTON (AFP) – The Federal Reserve stayed the course on monetary policy Wednesday, citing “likely” temporary factors for the unexpectedly sluggish growth in the US economy. The Federal Open Market Committee (FOMC) unanimously decided to hold its ultra-low interest rate, end a $600 billion bond-buying program by June 30 and continue [...]

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Stocks have their first winning week since April

By doris | Published: June 17, 2011

Full Story atnews.Yahoo.com Signs that a solution to Greece’s debt problems could be near helped the stock market eke out its first week of gains since April. Germany softened its conditions for giving Greece more loans on Friday, putting Greece closer to getting more financial support and avoiding a default. Global financial markets were rattled [...]

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Natural gas prices heating up

By doris | Published: June 14, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Natural gas prices could double over the next several years as U.S. producers gain access to international markets and excess supplies begin to shrink. After nearly collapsing in the aftermath of the recession, natural gas prices have managed a nice post-recession recovery and are up 3% this [...]

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Watch out for falling gasoline prices

By doris | Published: June 11, 2011

Full Story at msnbc.com The failure of oil-producing nations to agree this week on boosting output sparked worries that the price of crude and gasoline could be headed higher again. But a number of oil industry watchers think those worries are misplaced. “Right now the real story is not so much what’s happening in Vienna,” [...]

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May jobs report: Hiring slows, unemployment rises

By doris | Published: June 3, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — In yet another alarm bell of a weakening U.S. economy, the job market took a disappointing turn in May. The economy gained a mere 54,000 jobs in the month, a significant slowdown from 232,000 jobs added to payrolls in April, the government reported Friday. The report was [...]

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May auto sales dip as price strategy backfires

By doris | Published: June 1, 2011

Full Story atnews.Yahoo.com DETROIT (Reuters) – Major automakers are on track to report far weaker May auto sales than expected on Wednesday as higher vehicle prices prompted consumers to put off purchases in the face of a weakening economy. The tightening supply of vehicles, especially small cars, after the Japan earthquake emboldened many companies to [...]

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Patriotism pays off

By doris | Published: May 28, 2011

Full Story at msnbc.com NEW YORK — There’s less money this summer for hotel rooms, surfboards and bathing suits. It’s all going into the gas tank. High prices at the pump are putting a squeeze on the family budget as the traditional summer driving season begins. For every $10 the typical household earns before taxes, [...]

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Krispy Kreme stock surges 20% on sweet earnings

By doris | Published: May 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Investors have a sweet tooth for shares of Krispy Kreme after the doughnut shop operator announced its strongest quarterly results in seven years on Monday. Krispy Kreme (KKD) shares surged more than 22% to $7.81 each, after the company announced revenue surged 13.6% and income more than [...]

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Foreclosure flood may not have crested yet

By doris | Published: May 22, 2011

Full Story at msnbc.com If the national foreclosure crisis were a baseball game, we would be in about the top of the sixth. And we may have to go to extra innings. Since the housing market peaked in 2006, some 6.5 million homes have been lost to foreclosure. There are likely another 4.3 million more [...]

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