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    U.S. Economy Headlines
    Treasurys perk up as stocks plunge (AP)
    AP - Treasury prices finished 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 21:45:22 GMT - Yahoo! News: Economy News
    Stocks slide 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 dropped more than 100 points, bringing their two-day loss to 235.


    -- read full article
    Tue, 03 Jun 2008 21:42:07 GMT - Yahoo! News: Economy News
    Credit concerns send market lower (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 fell for a second day on Tuesday after a report that Lehman Brothers may have to raise more capital compounded recent worries the financial sector faces another round of big losses from the credit crisis.


    -- read full article
    Tue, 03 Jun 2008 20:40:51 GMT - Yahoo! News: Economy News
    Oil slides below $124 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.


    -- read full article
    Tue, 03 Jun 2008 23:08:21 GMT - Yahoo! News: Economy News
    High gas prices lead to surge in mass transit (AP)

    Metrolink passengers depart from the commuter rail Friday, May 30, 2008, at Union Station in downtown Los Angeles. Metrolink, the 15-year-old commuter rail system that runs across five Southern California counties, logged an all-time high  47,000 trips in the third week of May, roughly 4,000 more trips than from a year ago, agency spokeswoman Denise Tyrell said. 'We've seen an increase in ridership specifically tied to rising gas prices,' she said.  (AP Photo/Nick Ut)AP - It's standing-room-only on many commuter buses from Washington's suburbs. Rail systems from Boston to Los Angeles are begging passengers to shift their travel to non-peak hours. And some seats have been removed from San Francisco's subway cars to allow more people to cram in.


    -- read full article
    Tue, 03 Jun 2008 20:47:22 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 21:04:45 GMT - Yahoo! News: Economy News
    Bernanke tough talk shores up dollar (AFP)

    A one dollar chrome printing plate. The dollar firmed Tuesday as unusually sharp comments from US Federal Reserve chairman Ben Bernanke about the inflationary impact of the weak greenback prompted traders to change course.(AFP/File/Shawn Thew)AFP - The dollar firmed Tuesday as unusually sharp comments from US Federal Reserve chairman Ben Bernanke about the inflationary impact of the weak greenback prompted traders to change course.


    -- read full article
    Tue, 03 Jun 2008 21:11:48 GMT - Yahoo! News: Economy News
    Slow home sales? Buy one, get one free in San Diego (Reuters)

    REFILE - CLARIFYING CAPTIONS Dawn Berry of Michael Crews Developments jumps for photographer in front of a 1.8 million-dollar home at a development in San Pasqual Valley, California June 3, 2008. As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme. In a market beset with foreclosures and plummeting sales following the mortgage meltdown in 2007, Michael Crews Development is offering a row home valued at $400,000 free with a $1.6 million luxury estate home in the upscale city of Escondido in northern San Diego County. (Mike Blake/Reuters)Reuters - As though Southern California's fine weather and beaches weren't attractive enough, a San Diego developer desperate to clear inventory is offering potential home buyers a buy-one-get-one-free scheme.


    -- read full article
    Tue, 03 Jun 2008 21:19:31 GMT - Yahoo! News: Economy News
    Toyota, Honda cars outsell Ford pickups (AP)
    AP - U.S. auto sales in May brought the starkest signs yet that gas prices have dramatically shifted the market to smaller cars, as the top-selling Ford F-series truck was dethroned by cars from Toyota and Honda and as General Motors announced it was closing four truck and SUV plants after dismal results. -- read full article
    Tue, 03 Jun 2008 22:21:32 GMT - Yahoo! News: Economy News
    Factory orders post surprising increase in April (AP)
    AP - Orders for manufactured goods posted a surprisingly strong increase in April as demand rose in a number of areas including heavy machinery, iron and steel. -- read full article
    Tue, 03 Jun 2008 23:18:05 GMT - Yahoo! News: Economy News
    Inflation moves up on Bernanke's list of worries (AP)

    High gas prices posted at Shell, left, and Valero, right, gas station in San Bruno, Calif., Tuesday, June 3, 2008. 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. (AP Photo/Paul Sakuma)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
    Dollar gains on yen after Bernanke remarks (AFP)

    US Federal Reserve Chairman Ben Bernanke at an International Monetary and Financial Committee in Washington, DC in early April. Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to 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
    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.


    -- read full article
    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.


    -- read full article
    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.


    -- read full article
    Tue, 03 Jun 2008 15:38:45 GMT - Yahoo! News: Economy News
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