Investors and economists will be watching closely Tuesday as the head of the U.S. central bank assesses the economy and describes possible policy changes intended to boost growth and employment. In a speech Tuesday afternoon, Federal Reserve Chairman Ben Bernanke may reveal if the bank will make more efforts to cut long-term interest rates. The […]
Obama: Confident Nation Will Avoid 2nd Recession
Posted June 7th, 2011 at 1:40 pm (UTC-5)
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US Stocks Rise
Posted June 7th, 2011 at 1:10 pm (UTC-5)
U.S. stock market indexes rose in Tuesday’s midday trading. The Dow Jones Industrial Average and the S&P 500 advanced half a percent while the NASDAQ gained three-tenths of a percent European stock markets were higher at the close of trading. London’s Financial Times 100 index gained less than one-tenth of a percent to finish at […]
President Obama Loses Key Economic Advisor
Posted June 7th, 2011 at 10:55 am (UTC-5)
One of U.S. President Barack Obama’s key economic advisors will leave the White House in a few months and return to teaching at the University of Chicago. Mr. Obama calls Austan Goolsbee one of his “most trusted advisors” and a close friend who helped steer the country out of the worst economic crisis in decades. […]
US Stocks Rise
Posted June 7th, 2011 at 9:50 am (UTC-5)
U.S. stock market indexes rose in Tuesday’s early trading. The Dow Jones Industrial Average and the NASDAQ gained four-tenths of a percent, while the S&P 500 advanced half a percent. European stock markets were higher in afternoon trading. London’s Financial Times 100 index gained two-tenths of a percent, the CAC-40 in Paris moved up half […]
European Stocks Higher in Midday Trading
Posted June 7th, 2011 at 7:40 am (UTC-5)
European stock prices are higher in midday trading Tuesday. London’s Financial Times index is up about one-quarter of one percent. The CAC 40 in Paris is up about one-half of one percent, and trading on the DAX index in Frankfurt is up more than one-half of one percent. In New York, the S&P futures contract […]
Asia Markets Close Mixed
Posted June 7th, 2011 at 7:05 am (UTC-5)
Major Asian stock markets closed mixed Tuesday. Tokyo’s Nikkei index gained two-thirds of one percent to finish at 9,443. Hong Kong’s Hang Seng index lost one-third of one percent to finish the day’s trading at 22,869. Share prices were higher in Jakarta, Mumbai, Shanghai, Singapore and Taipei, but lower in Bangkok, Manila, Seoul, Sydney and […]
Japan’s Nikkei Posts Solid Gains
Posted June 7th, 2011 at 5:30 am (UTC-5)
Japanese markets closed higher Tuesday, while the U.S. dollar is higher against the Japanese yen. Tokyo’s Nikkei index gained three-quarters of one percent to finish at 9,443. In currency trading, the dollar was selling at 80.21, a gain of just over one-tenth of a yen from Monday. Gold is trading at $1,547.40 an ounce.
Asian Stocks Mixed
Posted June 7th, 2011 at 4:50 am (UTC-5)
Asian stock markets closed mixed Tuesday. Tokyo’s Nikkei index gained three-quarters of one percent to finish at 9,443. Hong Kong’s Hang Seng index lost one-third of one percent to finish the day’s trading at 22,869. Share prices were higher in Shanghai and Taiwan, but lower in Manila, Sydney and Wellington. In currency trading, the dollar […]
Japan’s Nikkei Posts Solid Gains
Posted June 7th, 2011 at 2:40 am (UTC-5)
Japanese markets closed higher Tuesday, while the U.S. dollar is higher against the Japanese yen. Tokyo’s Nikkei index gained nearly three-quarters of one percent to finish at 9,443. In currency trading, the dollar was selling at 80.30 yen, a gain of nearly one-quarter of a yen from Monday. The Taipei market closed at 9,057, a […]
US Stocks Close Lower
Posted June 6th, 2011 at 4:35 pm (UTC-5)
U.S. stock market were lower at closing Monday. The Dow Jones Industrial Average dropped half of one percent to 12,090. The S&P 500 fell one percent to 1,286. The Nasdaq Composite Index also lost one percent to close at 2,703. European stock markets were mixed at the close of trading. London’s Financial Times 100 index […]
