| U.S. Economy Headlines |
| Dollar rebounds in Asian trade
(AFP)
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| AFP - The dollar rebounded slightly in Asian trade on Monday after plunging at the end of last week on news of a jump in the US unemployment rate, dealers said.
-- read full article |
| Mon, 09 Jun 2008 06:32:34 GMT - Yahoo! News: Economy News |
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| Oil, CPI may give stocks a rough ride
(Reuters)
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| Reuters - Wall Street may be in for a rocky ride
this week as investors recall Friday's triple threat -- oil at
a record above $139 a barrel, a troubling unemployment report
and the stock market's 3 percent drop -- while they await
inflation data for May.
-- read full article |
| Sun, 08 Jun 2008 15:18:14 GMT - Yahoo! News: Economy News |
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| Biggest jobless jump since '86 Wall Street sinks
(AP)
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| AP - Pink slips piled up and jobs disappeared into thin air in May as the nation's unemployment rate zoomed to 5.5 percent in the biggest one-month jump in decades. Wall Street swooned, and the White House said President Bush was considering new proposals to revive the economy.
-- read full article |
| Fri, 06 Jun 2008 20:17:49 GMT - Yahoo! News: Economy News |
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| In Congress, gas prices trump global warming
(AP)
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| AP - Congress retreated Friday from the world's biggest environmental concern global warming in a fresh demonstration of what happens when nature and business collide, especially in an election year. -- read full article |
| Fri, 06 Jun 2008 21:18:45 GMT - Yahoo! News: Economy News |
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| Stocks fall sharply on surge in oil, jobs data
(AP)
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| AP - Wall Street tumbled Friday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments: oil prices that shot up by more than $11 a barrel and approached $140 for the first time, and the biggest gain in the government's unemployment reading in more than 20 years.
-- read full article |
| Fri, 06 Jun 2008 22:44:56 GMT - Yahoo! News: Economy News |
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| Economy - Friday
(Investor's Business Daily)
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| Investor's Business Daily - Wholesalers' stockpiles shot up far more in April than the 0.5% expected, though it was likely driven by higher prices for oil and food. March inventories were revised up to a 0.1% gain vs. the initial reading of a 0.1% drop. Wholesale-level sales rose 1.4% in April -- they also were likely price-driven -- a sign that firms aren't stuck with unwanted goods. Higher inventories will boost Q2 GDP. -- read full article |
| Fri, 06 Jun 2008 22:40:11 GMT - Yahoo! News: Economy News |
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| Dow falls 394.64 points on jobless rate, record oil
(Reuters)
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| Reuters - Stocks plunged on Friday, marking the
Dow's worst day in 15 months, after the government said the May
unemployment rate jumped the most in 22 years and oil prices
shot to another record, renewing fears that the U.S. economy
faces 1970s-style stagflation.
-- read full article |
| Sat, 07 Jun 2008 00:07:31 GMT - Yahoo! News: Economy News |
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