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    U.S. Economy Headlines
    Bernanke worried about dollar, toughens inflation message (AFP)

    File photo shows US Federal Reserve Chairman Ben Bernanke testifying on the government bailout of Bear Stearns in early April in Washington, DC. Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to AFP - Federal Reserve chairman Ben Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to "unwelcome" inflation pressures.


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    Wed, 04 Jun 2008 07:17:06 GMT - Yahoo! News: Economy News
    Rising demand pushes manufactured goods orders up (AP)

    In this May 19, 2008 file photo, construction workers install steel bars on the foundation of the Freedom Tower in New York. Construction spending fell again in April as home building continued a more than two-year-long slide. The weakness was offset somewhat by an increase in non-residential spending activity which climbed to a record level. (AP Photo/Mark Lennihan, file)AP - Orders for manufactured goods posted a surprisingly strong increase in April as demand rose across a number of industries.


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    Tue, 03 Jun 2008 15:02:26 GMT - Yahoo! News: Economy News
    Oil prices slide on Bernanke comments (AFP)

    Oil rigs extract petroleum in Culver City near Los Angeles, April 2008. Oil prices have fallen sharply in reaction to a solid strengthening in the dollar following comments from US Federal Reserve chairman Ben Bernanke.(AFP/Getty Images/File/David Mcnew)AFP - Oil prices fell sharply on Tuesday in reaction to a solid strengthening in the dollar following comments from US Federal Reserve chairman Ben Bernanke.


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    Tue, 03 Jun 2008 15:38:45 GMT - Yahoo! News: Economy News
    Retailers expected to post scant May sales (Reuters)

    Shoppers manoeuvre their way through the aisle at Costco Warehouse in Arlington, Virginia, May 29, 2008. (Molly Riley/Reuters)Reuters - U.S. retailers are expected to post lackluster May sales this week, as consumers spent tax rebate checks on gas and food or used them to reduce debt, rather than buying discretionary items like clothes and jewelry.


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    Tue, 03 Jun 2008 15:46:30 GMT - Yahoo! News: Economy News
    Treasurys perk up as stocks plunge (AP)
    AP - Treasury prices turned higher Tuesday as reviving jitters about the financial sector encouraged investors to keep their money in safe government securities. -- read full article
    Tue, 03 Jun 2008 18:18:29 GMT - Yahoo! News: Economy News
    Federal Reserve 'attentive' to weak dollar: Bernanke (AFP)

    Federal Reserve Chairman Ben Bernanke in Chicago, Illinois, on May 15. Bernanke, in unusually sharp comments on foreign exchange, said Tuesday the central bank is AFP - Federal Reserve chairman Ben Bernanke, in unusually sharp comments on foreign exchange, said Tuesday the central bank is "attentive" to the sagging dollar because of its potential impact on inflation.


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    Tue, 03 Jun 2008 16:16:27 GMT - Yahoo! News: Economy News
    Camry, Corolla sedans each outsell F-series trucks (AP)
    AP - The Toyota Camry and Corolla sedans each outsold the traditionally top-selling Ford F-series truck in May, a sign of the rapid shift in customers' preferences from trucks and SUVs to small cars that is forcing painful production cuts and plant closures at General Motors Corp. and Ford Motor Co. -- read full article
    Tue, 03 Jun 2008 18:36:00 GMT - Yahoo! News: Economy News
    April factory orders post surprise gain (Reuters)

    Workers oversee a chocolate line at the Harry  and  David factory in Medford, Oregon May 16, 2008. (Adam Tanner/Reuters)Reuters - New orders at U.S. factories rose unexpectedly in April, reflecting a surge in prices for food and petroleum that cut into demand for costlier items like cars and aircraft, government data showed on Tuesday.


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    Tue, 03 Jun 2008 17:23:40 GMT - Yahoo! News: Economy News
    Bernanke signals more rate cuts unlikely (AP)

    A one dollar chrome printing plate. The dollar rose against the euro Tuesday after unusually sharp comments from US Federal Reserve Chairman Ben Bernanke about the inflationary impact of the dollar's recent falls.(AFP/File/Shawn Thew)AP - Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely because of concerns about inflation. High oil prices are a double-edged sword that can both put a damper on already weak growth and spread inflation, he said.


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    Tue, 03 Jun 2008 17:31:34 GMT - Yahoo! News: Economy News
    Stocks tumble on more concerns about financials (AP)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)AP - Wall Street fell sharply for a second straight day Tuesday as investors grew more worried that the financial sector is still suffering badly from the credit crisis. The Dow Jones industrials, up modestly in earlier trading, fell more than 140 points.


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    Tue, 03 Jun 2008 18:50:10 GMT - Yahoo! News: Economy News
    Wall St sinks to session lows as Lehman tumbles (Reuters)

    Traders work on the floor at the New York Stock Exchange after the announcement that the Federal Reserve cut interest rates April 30, 2008. (Brendan McDermid/Reuters)Reuters - Stocks sank to session lows in mid-afternoon trade on Tuesday as shares of Lehman Brothers Holdings Inc extended losses, falling more than 12 percent, as investors feared financial institutions may have to raise more capital.


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    Tue, 03 Jun 2008 18:48:03 GMT - Yahoo! News: Economy News
    Oil slides below $125 on dollar, demand concerns (AP)

    Oil rigs extract petroleum in Culver City near Los Angeles, April 2008. World oil prices paused close to 128 dollars per barrel as traders monitored ongoing supply concerns alongside fresh hints that OPEC could pump more crude.(AFP/Getty Images/File/David Mcnew)AP - Oil prices fell sharply Tuesday, dropping below $124 a barrel as demand concerns grew and Federal Reserve Chairman Ben Bernanke indicated that more interest rate cuts are unlikely. Bernanke's comments sent the dollar higher and raised questions about oil's ability to reach new highs in the short term.


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    Tue, 03 Jun 2008 18:41:44 GMT - Yahoo! News: Economy News
    Gold futures fall on Bernanke comments (AP)
    AP - Gold prices fell Tuesday after Federal Reserve Chairman Ben Bernanke signaled that interest rates are unlikely to keep falling — remarks that strengthened the dollar and diminished demand for safe-haven investments. -- read full article
    Tue, 03 Jun 2008 18:24:35 GMT - Yahoo! News: Economy News
    Dollars sharply higher after Bernanke remarks (AFP)

    A one dollar chrome printing plate. The dollar rose against the euro Tuesday after unusually sharp comments from US Federal Reserve Chairman Ben Bernanke about the inflationary impact of the dollar's recent falls.(AFP/File/Shawn Thew)AFP - The dollar rose against the euro Tuesday after unusually sharp comments from US Federal Reserve Chairman Ben Bernanke about the inflationary impact of the dollar's recent falls.


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    Tue, 03 Jun 2008 18:49:36 GMT - Yahoo! News: Economy News
    Credit concerns flare up, sending stocks lower (Reuters)

    Traders are seen at the Tokyo Stock Exchange March 17, 2008. (Kim Kyung-Hoon/Reuters)Reuters - U.S. stocks slid on Monday on renewed fears the credit crunch has yet to run its course after Standard & Poor's downgraded debt ratings of three big securities companies and Wachovia , the fourth-largest U.S. bank, ousted its chief executive.


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    Mon, 02 Jun 2008 20:36:31 GMT - Yahoo! News: Economy News
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