Gold Futures Slide on Stronger Dollar
Gold futures dropped the most in nearly nine months on Wednesday as the dollar rose against a basket of other major currencies, reducing the investment appeal of gold.
Copper Falls on Fears of Weak U.S. Demand
Copper fell on Thursday on concerns over weakened demand for the red metal as the U.S. economy confronts big losses by investment banks and government reports showing rising consumer prices and stagnant industrial production.
Economy Still Growing but at Slower Pace: Fed
The U.S. economy continued to grow in the final weeks of the fourth quarter but the pace of activity slackened amid subdued holiday spending and a weak housing sector, the Federal Reserve said on Wednesday. Reports from the 12 Federal Reserve districts suggest that economic activity increased modestly during the survey period of mid-November through December, but at a slower pace compared with the previous survey period, the Fed said.
Gold falls 2.4 percent but rebound eyed
Gold fell 2.4 percent on Wednesday as investors took profits after a failed bid to set another record high beyond $914, but analysts said it might rebound after a period of consolidation.
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Crude Oil Drops on Growing Inventories
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U.S. Stocks Rise on Financial Results
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Dollar Gains, Euro down as Oil Prices Wane
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U.S. Consumer Prices Soar in Dec., New 17 Year High
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
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Biggest challenge for U.S. ethanol is big supply
The biggest challenge facing the U.S. corn-ethanol industry in 2008 will be finding a home for all the new production that is coming on stream, a leading economist with Purdue University said on Tuesday.
Israeli right-wing party quits Olmert's government
A right-wing party quit Israeli Prime Minister Ehud Olmert's government on Wednesday, condemning his peace talks with the Palestinians and leaving him even more politically vulnerable.
JPMorgan takes $1.3 billion writedown
JPMorgan Chase & Co said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans. The bank quadrupled to $1.1 billion the provision it needs to cover continued problems on home equity and subprime mortgage loans.
Cloned Animals Get OK from U.S. Food Regulators
Cloned animals are safe for humans to eat, U.S. regulators said on Monday after a seven year review. The Food and Drug Administration said there were no special risks associated with the cloning technology.
Gold Falls on Dollar Rebound, Metals Mixed
Gold futures fell on Tuesday, erasing earlier gains after the dollar rebounded against the euro putting further strain on the economy and reducing the appeal of the precious metal.
Intel results, outlook miss estimates
Intel on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down 15 percent, further stoking concerns the U.S. economy may be entering a recession. Chief Financial Officer Stacy Smith said he was a little bit cautious on the state of the U.S. economy, and the results raised concerns about the impact the economy was already having on the world's largest chipmaker.
Copper falls on Worries of U.S. recession, Retail Sales Decline
Copper Futures declined nearly 3 percent, the lowest drop in six weeks, as worries of an economic recession grew after an official report showed sales at U.S. retailers fell surprisingly in December.
Apple Goes Green: New Macbook Touts Environmentally Friendly Design
Apple has been a frequent target of environmental activists who claim its products are harming the Earth, but today the company unveiled a new more environmentally friendly laptop.
Dollar Hits 2-Year Low Against Yen
The dollar on Tuesday, reaching its lowest level against the yen in two years after a report about slow retail sales triggered concerns that the U.S. economy will go into recession.
Oil falls $2 on Slowing Retail, OPEC Comments
Oil prices fell more than $2 a barrel below $92 on Tuesday after the U.S. government reported a decline in retail sales and Saudi Arabia's oil minister said the Organization of Petroleum Exporting Countries could increase output.
Dollar falls on weak retail sales
The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.
Clearwire plans to offer Google applications
Wireless service provider Clearwire Corp said on Tuesday that it would offer its customers applications such as e-mail and calendar from Web search leader Google Inc.
GM, Toyota Battle Turns Electric
Toyota Motor Corp on Monday threw down the gauntlet to GM in a race for the next green car.
Citigroup's Record Loss Forces $18 Bln Writedown
Citigroup Inc., the nation's largest bank by assets, reported the company's biggest quarterly loss and slashed dividends on Tuesday as loan defaults in recent quarters forced it to write down the value of subprime-mortgage investments by $18 billion.
Retailers brace for consumer slowdown in 2008
Dream Big is the theme of the National Retail Federation's annual conference taking place this week and that is likely to be what many U.S. retailers will do to survive 2008 -- dream big of greener pastures.
Copper Rises on Weak Dollar
Copper Futures rose on Monday after the dollar slipped, which also drove investments into other commodities such as gold and oil.
Google, Others, Approved to Bid for Wireless Spectrum
Google, along with a set of other companies, was cleared by federal regulators to bid for a highly desired chunk of wireless spectrum on January 24.
Sprint Set to Lay Off Employees: Report
Sprint Nextel Corp. plans to lay off several thousand employees, according to a media report Monday.
Oil Climbs Over $1 on Crude Supply Fears, Dollar Decline
Crude oil rose over $1 on Monday after the dollar dropped against the euro, and strained relations between the U.S. and Iran raised worries about crude supply.
Gold Hits New Record Above $900, Dollar Falls
Gold futures rose to a new record on Monday, closing above $900 an ounce for the first time following a dip in the dollar, which increased demand for the precious metal as an investment alternative.
Dollar Falls as Investors Await Bank Results, Fed Rate Cut
The dollar fell near its all-time low on Monday on speculation poor results from major U.S. banks this week will prompt the Federal Reserve to cut interest rates.
Gold hits record above $910
Gold surged to a historic high above $910 an ounce, as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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