Gold fell further on Monday after posting its worst closing since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's ability to resolve its debt crisis sent bullion priced in euro to a record high.
China's inflation pulled back in August from a three-year high while economic activity slowed, underlining expectations that the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown.
China's inflation pulled back in August from a three-year high, underlining expectations that price pressures have peaked and the central bank can hold off on further tightening of monetary policy in the face of a global economic slowdown.
According to a report, GameStop will be supplying its stores with iOS devices in the near future.
Asian stocks rose on Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism central banks around the world will have to do more to support industrial activity.
Asian stocks rose Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism that central banks worldwide will have to do more to support industrial activity.
South Africa's economy grew at its slowest pace in almost two years in the second quarter as the manufacturing and mining sectors slumped after strikes, boosting the case for interest rate cuts while denting the government's job-creation hopes.
Confidence among consumers plunged in August to its lowest in more than two years following the country's loss of its top credit rating and heart-wrenching drops in major stock indexes.
Stock index futures pointed to a weaker open for equities on Wall Street Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.
The struggling U.S. economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the growth suggested a new recession could be avoided.
The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
Canadian retail sales rose a seemingly healthy 0.7 percent in June from May, but the figure prompted little enthusiasm from analysts who noted a one-off jump in auto sales had fueled most of the gain.
Adrian Tan owns two Mercedes sedans and is looking to buy a third car. The 36-year-old financial trader was shopping with his wife on a Singapore street lined with luxury car dealerships and said he may stick with Mercedes or go for an Audi or a BMW.
The companies whose shares are moving in pre-market trade on Thursday are: Target Corp, Limited Brands, Urban Outfitters, Macy's, Gap, Sprint Nextel, Chesapeake Energy, Corning, Yum! Brands and Wellpoint Inc.
According to the National Retail Federation, certain mainstays in the technology industry experienced the largest growth among all retailers in 2010.
Stocks, led by defensive shares, rebounded from prior session losses, as commodities also clawed back higher.
U.S. stocks declined in early trade on Thursday as disappointing outlook from Cisco Systems and lower commodity prices weighed.
Wedbush Securities expects April U.S. retail video game console software sales data to be released by the NPD Group after the market close on May 12. The brokerage said April may be an anomalous month for software sales, with a rebound likely due to an outstanding lineup of blockbuster title.
China's inflation rate has reached a point where it is sparking social unrest, the American enterprise Institute's (AEI) latest outlook report has noted. Chinese premier Wen Jiabao's recent comment that inflation is a tiger that once set free is very difficult to put back in its cage[1] aptly characterizes the current inflation in his country. The world's second-largest economy faces some fundamental choices if it is to restore stability, says the report, which was au...
Jake was an unfortunate victim of the downturn in his chosen industry. Graduating in 2005 from a Master's in Aviation program, he entered the job market and was unsuccessful in securing a position in his field of interest. Then, with the global economic crisis just a few years later, he put his dreams on hold and decided to continue to work in the retail field for Sam's Club, not knowing if he would ever be able to use his degree to break into aviation.
US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.
U.S. stocks ended lower on Tuesday as Alcoa sales missed estimates and energy stocks declined as oil prices plunged more than 3 percent. Futures on major U.S. stock indices point to higher opening on Wednesday ahead of economic data including retail sales.