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updated 11:40 am ET

Gold hits record as dollar slides

Gold hit a record high at $1,170.55 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month.

INDUSTRIES

Cans of Campbell's soup line the shelves at a local grocery store in Golden

Campbell Soup Co profit beats Street, shares jump

Chicago Federal Reserve President Charles Evans expects U.S. unemployment to peak at around 10.5 percent next spring and hopefully easing to about 9.5 percent by end-2010, according to comments published on Monday.

Tyson profit better than expected; outlook strong

FINANCE

Amazon.com

U.S. business economists raise 2010 growth outlook

A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.

TECH

A woman uses her mobile telephone as she passes a Nokia advert in London

Nokia phone margin, smartphone outlook eyed

- Nokia Oyj's battered shares could get a boost when the firm looks ahead at next week's investor day to an expected upturn in handset margins and a more competitive smartphone offering in 2010.

FINANCE

Jamie Dimon, chairman and CEO of JPMorgan Chase, speaks at the Securities Industry and Financial Marketers Association annual meeting in New York

Dimon seen as successor to Geithner: report

Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.

 
U.S. Housing

U.S. existing home sales pace highest in 2-1/2 yrs

Sales of previously owned U.S. homes rose in October at a faster-than-expected pace to the highest in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Monday. Full Story

Daily Outlook

Home Sales Still Rising; Gold Hits Record; Soupmaker Campbell Beats Views

  • Home sales surged a record 10.1 percent month-over-month in October as a tax credit deadline is set to expire
  • Gold continues to rise due to dollar weakness, rallying to a series of recent record highs
  • Campbell's quarterlly profit rose beyond expectations as management raisedits sales outlook

Inside IBT
  • 1 of 6
Honda tops again in efficiency on U.S. roads
INDUSTRIES
Honda tops again in efficiency on U.S. roads
Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.
JAL to propose 40 pct cut to pension payouts-media
INDUSTRIES
JAL to propose 40 pct cut to pension payouts-media
Struggling carrier Japan Airlines Corp (JAL) plans to propose cutting pension payments to its employees and retirees by an average of roughly 40 percent, a Japanese newspaper said on Saturday.

POLITICS & POLICY
Obama asks for patience on economy
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.
A Twitter page is displayed on a laptop computer in Los Angeles
TECH
Tweets or bleats? Tool measures importance on Twitter
You've got followers and post regularly, but ever wondered how popular you are on Twitter? An online tool that evaluates "tweets" can tell.
Investors play cards in front of an electronic screen showing stock information at a brokerage house in Taiyuan,
EQUITIES
Gold at record; resource plays boost stocks
Gold powered to another record high on Monday, benefiting from its reputation as a hedge against inflation and sluggish economic growth, while oil and copper prices rose on a weaker dollar and supply concerns.
A Nortel sign is seen in downtown Toronto
FINANCE
Ciena wins auction for some Nortel assets: sources
Executives from two major oil companies told Congress on Thursday that the U.S. government should open more offshore areas to oil and natural gas drilling so America can rely less on foreign suppliers.
Honda tops again in efficiency on U.S. roads
INDUSTRIES
Honda tops again in efficiency on U.S. roads
Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.
JAL to propose 40 pct cut to pension payouts-media
INDUSTRIES
JAL to propose 40 pct cut to pension payouts-media
Struggling carrier Japan Airlines Corp (JAL) plans to propose cutting pension payments to its employees and retirees by an average of roughly 40 percent, a Japanese newspaper said on Saturday.

POLITICS & POLICY
Obama asks for patience on economy
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed.
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