After a volatile day of trading, US stocks finished mixed. Lower oil prices, which typically boost investor sentiment, were offset by statements from Federal Reserve Chairman Ben Bernanke indicated that rising inflation is becoming a matter of increasing concern. Read More
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“You’re trading the commodities markets all wrong. It’s not about you making money; it’s about us making money.” So go the words of the old guard of the commodities markets. Read More
The three major US stock indexes finished the day mixed, recovering for the most part from Friday’s selloff. Lower oil prices buoyed investor sentiment, while share prices in the financial sector continued to struggle amid ongoing concerns over additional mortgage-related losses. Read More
US stocks failed to build on yesterday’s gains, as the latest statistics from the Labor Dept showed the largest monthly jump in unemployment since 1975. Already buffeted by the higher-than-expected jobless rate, investor sentiment took another hit as crude oil soared to records. Read More
US stocks rallied today, spurred by a fall in initial jobless claims and May sales figures from many retailers met or exceeded many analysts’ expectations. Leading the way were discount stores Costco (NSDQ: COST) and Wal-Mart (NYSE: WMT), indicating that US consumers continue to spend—albeit more cost-consciously. Read More
The three major US stock indexes finished mixed today. Although an unexpected expansion in the service sector initially buoyed investor sentiment, worrisome developments at two of the nation’s largest bond insurers eroded earlier gains. Read More
Cash Cow Linn Energy (NSDQ: LINE) announced that it has reached an agreement to sell certain assets in the Verden area of Oklahoma to Laredo Petroleum, an independent oil and gas company based in Tulsa. Read More
Rising concern about the financial sector’s health weighed heavily on US stocks, as the three major indexes fell for the second consecutive day. Read More
Troubles in the financial sector weighed heavily on US stocks, as the three major indexes slid into the red. Read More
So is the financial crisis over? Are the banks fixed? Is the US economy back up to speed? Now that we’re supposedly beyond all that, and we’re all gung ho on growth, is it time to tighten the money supply and “whip inflation now?” Read More