U.S. stock indexes fell in early trading Friday, mirroring more losses on Asian and European markets. The Dow Jones Industrial Average is down nine-tenths of one percent, while the broader S & P 500 index is off eight-tenths of a percent. The NASDAQ is down seven-tenths of a percent. In afternoon trading in Europe, stock […]
Global Stocks Drop Again on Economy Fears
Posted August 19th, 2011 at 10:05 am (UTC-5)
Stock markets continued to fall across the globe on Friday, as investors showed new concern about the struggling U.S. economy and the stability of the European banking system. Asian stock indexes dropped sharply, European exchanges followed suit and U.S. stock indexes retreated in early trading in New York. Analysts said that fear had overtaken stock […]
US Investment Bank Says US, Europe Close to New Recession
Posted August 18th, 2011 at 2:25 pm (UTC-5)
A U.S. investment bank says that the United States and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S., along with the 17-nation bloc of European countries employing the common euro currency, are hovering close to a recession […]
Oil Prices Advance Wednesday
Posted August 17th, 2011 at 4:30 pm (UTC-5)
Here are the prices of some commodities traded in New York on Wednesday: Crude oil prices increased nearly $1 to close at $87.58 a barrel. Coffee prices gained 12 cents to end at $2.63 per pound. Copper prices advanced 4 cents to finish at $4.03 a pound. Cocoa futures moved up $56 to end the […]
US Stocks Mixed in Midday Trading Wednesday
Posted August 17th, 2011 at 1:05 pm (UTC-5)
U.S. stock indexes were mixed in midday trading Wednesday. The Dow Jones Industrial Average of 30 key stocks is off one-tenth of a percent, while the broader S & P 500 index is ahead by the same amount. The technology-laden NASDAQ is off six-tenths of a percent. European stock indexes ended mixed. London’s Financial Times […]
Germany, France Call for Common Eurozone Economic Government
Posted August 16th, 2011 at 1:35 pm (UTC-5)
The leaders of Germany and France are calling for a common economic government for the 17 nations that employ the euro currency and said all the countries should approve laws by the middle of next year requiring mandatory balanced budgets. After meeting in Paris Tuesday, French President Nicolas Sarkozy said he and German Chancellor Angela […]
US Stocks Fall in Midday Tuesday Trading
Posted August 16th, 2011 at 12:25 pm (UTC-5)
U.S. stock indexes fell in midday trading Tuesday. The Dow Jones Industrial Average is off three-tenths of one percent, while the broader S&P 500 fell one-half of a percentage point. The NASDAQ dropped seven-tenths of one percent. European markets ended narrowly mixed from Monday’s close. London’s Financial Times 100 index gained one-tenth of one percent […]
European Economic Growth Slows Markedly
Posted August 16th, 2011 at 11:50 am (UTC-5)
Economic growth slowed markedly in the April-to-June period in the 17-nation European bloc that employs the common euro currency, stoking new fears of another global recession. The European Union reported Tuesday that the economy in the euro region grew just two-tenths of one percent in the second quarter, a quarter of the rate in the […]
European Economic Growth Slows Markedly
Posted August 16th, 2011 at 9:40 am (UTC-5)
Economic growth slowed markedly in the April-to-June period in the 17-nation European bloc that employs the common euro currency, stoking new fears of another global recession. The European Union reported Tuesday that the economy in the euro region grew just two-tenths of one percent in the second quarter, a quarter of the rate in the […]
Cuba’s Castro Spends 85th Birthday in Private
Posted August 13th, 2011 at 2:10 pm (UTC-5)
Ailing former Cuban President Fidel Castro spent his 85th birthday in private Saturday, while artists, the media and youths continued several days of celebrations honoring the revolutionary icon. One national newspaper, Granma, said in a headline that “Cuba and Latin America sing the praises of Fidel.” Since Tuesday, concerts, art exhibits and other events have […]
