The price of crude oil plummeted almost 9 percent to finish below $100 per barrel – the largest one-day percentage drop in more than two years – on growing worries about the U.S. economy.
U.S. stocks declined in early trade on Thursday after Department of Labor reported that weekly jobless claims unexpectedly rose last week.
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
U.S. stocks declined in early trade on Wednesday as weaker-than-expected ADP private sector employment report and mixed corporate earnings weighed.
Futures on major U.S. indices point to a lower opening on Wednesday, ahead of economic data including ADP national employment report and ISM non-manufacturing index.
Gold prices hit new all-time Dollar highs at the AM London Fix on Tuesday, but silver traded near a two-week low as world stock markets slipped and commodity prices fell hard.
U.S. stocks advanced in early trade on Friday, following stronger-than-expected earnings from major companies including Caterpillar and Merck.
Gold Investing prices extended last night's strong gains on Thursday, hitting fresh all-time highs at $1534 per ounce as new US data showed inflation accelerating sharply.
U.S. stocks declined in early trade on Thursday after government reports showed that US economic activity slowed significantly in the first quarter and applications for jobless benefits unexpectedly increased.
Futures on major U.S. stock indices remained range-bound on Thursday ahead of economic data including key US GDP figures from the government.
FOMC statement from April 27, 2011
FOMC (Federal Open Market Committee) Chairman Ben Bernanke, for the first time ever, will hold a press conference on Wednesday after the FOMC’s monetary policy statement.
U.S. stocks slightly higher in early trade on Wednesday after a government report showed that new orders for manufactured durable goods rose better-than-expected in March.
Prices to Buy Gold rose but silver held flat in Asian and London trade on Wednesday, while the Dollar fell, European equities rose, but peripheral Eurozone debt sank to new record lows.
Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of US Federal Reserve’s meeting and Census Bureau's durable goods orders report.
Italy and France have called on the international community to cease shipping oil products to the regime of Libyan leader Moammar Gaddafi and also asked market operators not to purchase Libyan crude oil.
The president of Venezuela Huge Chavez has raised the minimum wage by 25 percent, effective in two stages beginning on May 1.
U.S. stocks advanced on Thursday as robust earnings from Apple, Morgan Stanley and General Electric lifted the market, but weaker-than- expected reports on jobless claims and Philadelphia Fed Manufacturing Index kept gains in check.
Silver Prices extended their Dollar gains to 7.7% for this week alone, also reaching new multi-decade and all-time highs vs. the world's other major currencies.
Oil gushed into the sea one year back will perhaps take months or even years to clean up while it continues to clog wetlands, pollute the ocean and endanger wildlife. Check out the latest pictures taken on April 20, 2011, exactly one year after the environmental disaster hit Gulf of Mexico.
Major U.S. stock indexes jumped more than 1 percent at the open on Wednesday as upbeat earnings from major technology companies’ boosted sentiment for corporate-profit trends.
Iran, prominent member of the oil cartel Organization of Petroleum Exporting Countries (OPEC) and long-time adversary of the U.S, has objected to the move by certain members of the oil exporting cartel to raise output in order to clam markets and ease oil prices.
