Energy shares led stocks higher on Monday as economic data gave support to investors' bets the economy is improving.
U.S. palladium and platinum futures rose to their highest since 2008 on Monday on strong physical demand and better sentiment, and gold contracts hit a two-week high in thin post-holiday trade.
UAE's largest oil company, Abu Dhabi National Oil Co (ADNOC) followed Saudi Arabia's Aramco in raising crude oil prices for Asia and US. In a statement, Adnoc said it raised March crude selling prices more than 5 percent to the highest since November. The Abu Dhabi-based company increased the price for Murban crude, its largest export grade, to $78.30 a barrel. Lower Zakum crude rose the most, adding $4.20 a barrel, or 5.7 percent, to $78.15 a barrel.
Silver prices are easier to manipulate than gold as the market is small and its short position is concentrated. However, gold price manipulation is done on a much larger but less noticeable, according to National Inflation Association (NIA), USA. NIA said that CFTC is under pressure not to do anything about the manipulation,because the lower the gold and silver prices are, the stronger the US dollar appears to be. If we saw an explosion to the upside in gold and silver prices, it would result in...
Contracts for pending sales of previously owned homes unexpectedly rose in February, a survey from the National Association of Realtors showed, a rise the group said may be attributed to home buyers taking advantage of a soon-to-expire tax credit.
Stocks rose on Monday, the first trading day after government data showed the economy added the largest number of jobs in three years, boosting hopes the recovery was gaining traction.
Walgreen Co said on Monday that sales at drugstores open at least a year rose 2.3 percent in March, as an earlier Easter drove sales of candy and other general merchandise and an extra weekday boosted sales of prescription medications.
Apple Inc said it had sold more than 300,000 iPads on the tablet computer's first day in stores, surpassing some forecasts, but leaving questions about whether the product can be its next big hit.
Stock index futures rose on Monday, the first trading day after government data showed the economy added the largest number of jobs in three years, boosting hopes the recovery was accelerating.
The U.S. office vacancy rate in the first quarter reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilization, according to a report by real estate research firm Reis Inc.
A Chinese government economist said on Monday that the U.S. decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
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Asian stocks rose on Monday after data showed U.S. employers created jobs last month at the fastest pace in three years, boosting hopes of a sustained economic recovery.
A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.
U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
The U.S. office vacancy rate in the first quarter reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilization, according to a report by real estate research firm Reis Inc.
British Prime Minister Gordon Brown said the world's large economies were close to agreeing a global tax on banks to help prevent another financial crisis, the Financial Times reported on Monday.
Weight-training injuries are on the rise, increasing by nearly 50 percent between 1990 and 2007 in the United States, researchers have found.
U.S. Treasury Secretary Timothy Geithner will try to strengthen bilateral ties with India during talks in New Delhi this week, but his visit may be overshadowed by Washington's tense relationship with China. Both the United States and India will be simultaneously pushing trade and foreign exchange agendas with China, as they discuss cooperation on infrastructure development and financial markets.
The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
The average compensation for chief executives at the largest publicly traded U.S. companies fell 15 percent last year to $9.53 million, a decline attributable to the falling value of stock and option awards, the New York Times said on Sunday.
Optimism about an improving labor market and corporate profits could propel U.S. stocks higher this week as earnings season approaches.
