| U.S. Economy Headlines |
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| Oil tumbles on supply explanation, dollar, demand
(AP)
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| AP - Oil prices fell sharply Thursday after the Energy Department reported unexpected declines in crude oil and gasoline supplies last week, but said the drop in crude inventories was due to temporary delays in unloading oil tankers along the Gulf Coast. A stronger dollar and concerns about gas demand also weighed on prices.
-- read full article |
| Thu, 29 May 2008 18:06:37 GMT - Yahoo! News: Economy News |
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| US logs better but still weak growth
(AP)
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| AP - The economy logged slightly better but weak growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country is still far from being out of the woods. -- read full article |
| Thu, 29 May 2008 18:59:20 GMT - Yahoo! News: Economy News |
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| Stocks jump after GDP revision, decline in oil
(AP)
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| AP - Stocks bounded higher Thursday after the government reported that the economy grew last quarter at a faster pace than previously estimated and as oil prices retreated. The Dow Jones industrials at times rose more than 100 points.
-- read full article |
| Thu, 29 May 2008 18:53:55 GMT - Yahoo! News: Economy News |
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| Fed to make fresh batch of bank loans
(AP)
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| AP - The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.
-- read full article |
| Thu, 29 May 2008 18:55:39 GMT - Yahoo! News: Economy News |
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| Stocks buoyed by signs of business investment
(Reuters)
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| Reuters - U.S. stocks rose on Wednesday as a
report pointing to stronger business spending boosted shares of
blue-chip computer firms and heavy equipment makers,
overshadowing the latest signs of turmoil in the financial
sector.
-- read full article |
| Wed, 28 May 2008 20:54:20 GMT - Yahoo! News: Economy News |
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| Dollar gains a few notches against euro
(AFP)
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| AFP - The dollar advanced a few notches against the euro Wednesday as a better-than-expected survey on US durable goods orders offset a report showing German inflation had crept higher, dealers said.
-- read full article |
| Wed, 28 May 2008 21:46:13 GMT - Yahoo! News: Economy News |
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| Paulson to promote foreign investment in energy
(AP)
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| AP - Treasury Secretary Henry Paulson will tell officials of Saudi Arabia and other Middle East oil producing nations that soaring oil prices are putting a "significant burden" on the global economy, a senior Treasury official said Wednesday. -- read full article |
| Wed, 28 May 2008 22:31:03 GMT - Yahoo! News: Economy News |
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