| U.S. Economy Headlines |
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| Inflation moves up on Bernanke's list of worries
(AP)
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| AP - Federal Reserve Chairman Ben Bernanke has moved inflation up on his list of worries, suggesting more pointedly than ever that the time for cutting interest rates is over in view of soaring oil and commodity prices and a weakened dollar.
-- read full article |
| Tue, 03 Jun 2008 23:44:54 GMT - Yahoo! News: Economy News |
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| Dollar gains on yen after Bernanke remarks
(AFP)
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| AFP - The dollar extended its gains against the yen in Asian trade on Wednesday after Federal Reserve chairman Ben Bernanke said a weaker greenback was adding to US inflation pressures, dealers said.
-- read full article |
| Wed, 04 Jun 2008 06:41:19 GMT - Yahoo! News: Economy News |
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| Retailers expected to post scant May sales
(Reuters)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 15:46:30 GMT - Yahoo! News: Economy News |
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| Treasurys perk up as stocks plunge
(AP)
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| 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 |
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| Camry, Corolla sedans each outsell F-series trucks
(AP)
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| 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 |
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| April factory orders post surprise gain
(Reuters)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 17:23:40 GMT - Yahoo! News: Economy News |
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| Bernanke signals more rate cuts unlikely
(AP)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 17:31:34 GMT - Yahoo! News: Economy News |
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| Stocks tumble on more concerns about financials
(AP)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 18:50:10 GMT - Yahoo! News: Economy News |
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| Wall St sinks to session lows as Lehman tumbles
(Reuters)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 18:48:03 GMT - Yahoo! News: Economy News |
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| Oil slides below $125 on dollar, demand concerns
(AP)
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| 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.
-- read full article |
| Tue, 03 Jun 2008 18:41:44 GMT - Yahoo! News: Economy News |
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