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    U.S. Economy Headlines
    May CPI seen up at fastest pace in 2008 (Reuters)

    A resident fuels-up his car at a gas station in Miami Beach, June 9, 2008. Average (Carlos Barria/Reuters)Reuters - Higher costs for gasoline and food again put pressure on a key gauge of retail inflation in May, according to economists polled by Reuters ahead of Friday's release of the monthly consumer price index.


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    Fri, 13 Jun 2008 11:17:20 GMT - Yahoo! News: Economy News
    Wall Street rises as data point to stable rates (AP)

    The NYSE sign is seen above the floor of the New York Stock Exchange in this file photo from January 22, 2008. he New York Stock Exchange, a unit of NYSE Euronext , has asked the U.S. Securities Exchanges Commission for permission to start selling real-time market data to media and Internet organizations starting in July. REUTERS/Brendan McDermidAP - Stocks advanced for a second session Friday after government readings on inflation and a decline in oil prices helped contain some worries about the effect of rising prices on strapped consumers. The Dow Jones industrial average rose more than 70 points, but was well off its highs of the day.


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    Fri, 13 Jun 2008 18:44:07 GMT - Yahoo! News: Economy News
    Prices up sharply on gas, but core contained (Reuters)

    A resident fuels-up his car at a gas station in Miami Beach, June 9, 2008. (Carlos Barria/Reuters)Reuters - Soaring gasoline prices helped drive up U.S. consumer prices in May at the fastest rate in six months, the government said on Friday, but core prices remained tame, easing inflation fears in financial markets.


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    Fri, 13 Jun 2008 15:39:33 GMT - Yahoo! News: Economy News
    Stocks gain after tame CPI data (Reuters)

    The NYSE sign is seen above the floor of the New York Stock Exchange in this file photo from January 22, 2008. he New York Stock Exchange, a unit of NYSE Euronext , has asked the U.S. Securities Exchanges Commission for permission to start selling real-time market data to media and Internet organizations starting in July. REUTERS/Brendan McDermidReuters - Stocks rose on Friday, helped by a government report that showed underlying price pressures rose moderately in May, easing fears that inflation would force a near-term rise in interest rates.


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    Fri, 13 Jun 2008 17:06:15 GMT - Yahoo! News: Economy News
    Affordable Art Fair cashes in on economic gloom (Reuters)
    Reuters - Lauren Albert couldn't resist the floppy-eared clay dog sculpture sitting on a pedestal, and the best thing about it was the price -- just $528, which makes it cheap even at a show called the Affordable Art Fair. -- read full article
    Fri, 13 Jun 2008 17:56:16 GMT - Yahoo! News: Economy News
    Inflation rate jumps by biggest amount in 6 months (AP)

    A shopper carries a bag in San Francisco, 2007. US retail sales surged a stronger-than-expected 1.0 percent in May, as American consumers appeared to splurge out more on purchases.(AFP/Getty Images/File/Justin Sullivan)AP - The inflation rate shot up in May at the fastest pace in six months, pushed higher by soaring costs for gasoline and other types of energy.


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    Fri, 13 Jun 2008 18:48:22 GMT - Yahoo! News: Economy News
    Oil slips to $135 after OPEC questions high price (AP)

    Workers carry tank for liquefied petroleum gas Thursday, June 12, 2008 at a repair station in Bangkok, Thailand. As world events continue to drive the price of gasoline upward many in Thailand are choosing LPG as a way save money on their energy cost. (AP Photo/Sakchai Lalit)AP - Oil prices pulled back Friday after OPEC questioned whether crude can remain so high through the rest of the year and the dollar gained against the euro. Meanwhile, U.S. filling station operators pushed average gas prices deeper into record territory.


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    Fri, 13 Jun 2008 18:50:28 GMT - Yahoo! News: Economy News
    Oil rises on Nigeria strike threat (Reuters)

    Venezuela's President Hugo Chavez takes a sample of crude during his weekly broadcast at a nationalized oil field at Orinoco's belt in the southern strip of the eastern Orinoco River February 17, 2008. (Miraflores Palace/Handout/Reuters)Reuters - Oil prices rose on Thursday after concerns about a possible strike in Nigeria, Africa's top producer, stirred supply worries.


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    Thu, 12 Jun 2008 19:57:10 GMT - Yahoo! News: Economy News
    Hummer dealers uneasy as GM weighs possible sale (AP)

    Hummers are lined up at a dealer, Hummer of Columbus, Thursday, June 12, 2008 in Dublin, Ohio. As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp. may consider selling the brand.  (AP Photo/Kiichiro Sato)AP - As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp. may consider selling the brand.


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    Thu, 12 Jun 2008 19:34:24 GMT - Yahoo! News: Economy News
    Oil prices rebound on Nigeria, technical factors (AP)

    A sign advertising fuel prices is seen along the Pennsylvania Turnpike in Middletown, Pa., Thursday, June 12, 2008. Oil prices fell Thursday as the dollar moved higher and forced crude to lose some of its appeal as a hedge against inflation. Gas prices reached another record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep rising. (AP Photo/Carolyn Kaster)AP - Oil prices rebounded from a steep early loss to end modestly higher Thursday in another volatile session fueled by a rising dollar and concerns about supplies. Gas prices reached new record at the pump, rising to a national average of $4.06 a gallon, and are likely to keep rising.


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    Thu, 12 Jun 2008 20:07:02 GMT - Yahoo! News: Economy News
    Investment firms borrow at steady pace from Fed (AP)

    Federal Reserve Chairman Ben Bernanke speaks during the Federal Reserve Bank of Chicago's Annual Conference on Bank Structure and Competition in Chicago May 15, 2008. (John Gress/Reuters)AP - Wall Street companies borrowed from the Federal Reserve's emergency lending program at a fairly steady pace, while banks scaled back.


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    Thu, 12 Jun 2008 20:33:52 GMT - Yahoo! News: Economy News
    Stocks rise on retail sales, BUD deal (Reuters)

    Traders work on the floor of the New York Stock Exchange, April 16, 2008. (Keith Bedford/Reuters)Reuters - Stocks rose on Thursday after a stronger-than-expected May retail sales report and a $46 billion takeover bid for Anheuser-Busch from an overseas rival helped the market recover from a string of deep losses.


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    Thu, 12 Jun 2008 20:49:59 GMT - Yahoo! News: Economy News
    Retail sales jump by largest amount in 6 months (AP)

    Kelli and Mark Beaver of Duncannon, Pa., load thier purchases into the back of their red mini van at WAL-MART Supercenter in Mechanicsburg, Pa., Thursday, June 12, 2008. Retail sales jumped by the largest amount in six months in May as 57 million economic stimulus payments helped offset the headwinds buffeting consumers. (AP Photo/Carolyn Kaster)AP - The stimulus checks are working. A big increase in retail sales signaled that people are spending their rebate payments, helping to ward off a serious economic slump, at least for now.


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    Thu, 12 Jun 2008 21:18:02 GMT - Yahoo! News: Economy News
    Dollar lifted by strong retail data (AFP)

    A sheet of one dollar bills. The dollar firmed Thursday as a stronger-than-expected reading of US retail sales eased fears about a sharp US economic slump and traders braced for a meeting of G8 finance ministers.(AFP/File/Shawn Thew)AFP - The dollar firmed Thursday as a stronger-than-expected reading of US retail sales eased fears about a sharp US economic slump and traders braced for a meeting of G8 finance ministers.


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    Thu, 12 Jun 2008 21:20:26 GMT - Yahoo! News: Economy News
    Treasury prices decline following sales report (AP)
    AP - Treasury prices plunged Thursday after a jump in retail sales last month bolstered a notion that an inflation-wary Federal Reserve might have more leeway to begin raising interest rates. The yield on the 10-year note soared to its highest level of the year. -- read full article
    Thu, 12 Jun 2008 22:02:59 GMT - Yahoo! News: Economy News
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