| U.S. Economy Headlines |
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| May CPI seen up at fastest pace in 2008
(Reuters)
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| 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.
-- read full article |
| Fri, 13 Jun 2008 11:17:20 GMT - Yahoo! News: Economy News |
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| Wall Street rises as data point to stable rates
(AP)
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| AP - 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.
-- read full article |
| Fri, 13 Jun 2008 18:44:07 GMT - Yahoo! News: Economy News |
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| Stocks gain after tame CPI data
(Reuters)
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| Reuters - 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.
-- read full article |
| Fri, 13 Jun 2008 17:06:15 GMT - Yahoo! News: Economy News |
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| Oil slips to $135 after OPEC questions high price
(AP)
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| 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.
-- read full article |
| Fri, 13 Jun 2008 18:50:28 GMT - Yahoo! News: Economy News |
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| Hummer dealers uneasy as GM weighs possible sale
(AP)
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| 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.
-- read full article |
| Thu, 12 Jun 2008 19:34:24 GMT - Yahoo! News: Economy News |
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| Oil prices rebound on Nigeria, technical factors
(AP)
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| 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.
-- read full article |
| Thu, 12 Jun 2008 20:07:02 GMT - Yahoo! News: Economy News |
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| Stocks rise on retail sales, BUD deal
(Reuters)
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| 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.
-- read full article |
| Thu, 12 Jun 2008 20:49:59 GMT - Yahoo! News: Economy News |
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