LONDON (AP) — Ahead of a raft of economic developments this week, financial markets started the week on a lackluster note Monday as Wall Street was closed for the Labor Day holiday.
KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares closed up 0.1 percent at 6,825.31 while Germany's DAX rose the same rate to 9,479.03. The CAC-40 in France ended a tad lower at 4,379.73. Earlier in Asia, China's Shanghai Composite rose 0.8 percent to 2,235.51 points and Tokyo's Nikkei 225 added 0.3 percent to 15,476.60. Hong Kong's Hang Seng was marginally higher, adding 0.04 percent to 24,752.09.
2. AP survey: Fed's outlook correct but not solution - Friday, August 22, 2014
WASHINGTON (AP) — Economists appear to be of two minds about the Federal Reserve.
They agree with the Fed that the job market still isn't healthy. Yet the latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.3. At Jackson Hole, central bankers eye varying goals - Friday, August 22, 2014
WASHINGTON (AP) — The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.4. Yellen: Job market makes Fed hesitant on rate hike - Friday, August 22, 2014
JACKSON HOLE, Wyoming (AP) — If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:
The picture is still hazy.
5. Stocks close mostly lower as Ukraine tensions flare - Friday, August 22, 2014
NEW YORK (AP) — The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.6. Why global turmoil hasn't sunk US markets. Yet. - Friday, August 15, 2014
NEW YORK (AP) — Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel's war in Gaza are contributing to the gloom.7. US stocks creep higher following earnings news - Friday, August 08, 2014
NEW YORK (AP) — The U.S. stock market crept higher Thursday following a mixed batch of corporate news. In Europe, investors brushed aside more worrying news on the economy and nudged markets up.8. US stocks edge lower in late morning trading - Friday, August 01, 2014
NEW YORK (AP) — U.S. stocks edged lower in late morning trading as investors assessed the latest company earnings and the outlook for the economy. Investors are still troubled by the potential for escalating tensions between Russia and the West over Ukraine.9. Global tensions can't dent enthusiasm for stocks - Friday, July 25, 2014
A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky.
And the U.S. stock market's response? After dipping briefly on the bad news, it climbs higher.
10. IMF cuts US and global growth forecasts for 2014 - Friday, July 25, 2014
WASHINGTON (AP) — The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.11. IMF cuts US and global growth forecasts for 2014 - Friday, July 18, 2014
WASHINGTON (AP) — The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.12. US stocks drift as investors digest earnings - Friday, July 11, 2014
Stocks were little changed in early trading Tuesday as investors sized up corporate earnings and new government data showing that retail sales inched up last month. Earnings from JPMorgan Chase and Goldman Sachs trumped Wall Street's expectations. Tobacco companies fell as investors got a look at the details of Reynolds American's takeover of rival Lorillard.13. Who put sleeping pills into Wall Street's water? - Friday, June 20, 2014
NEW YORK (AP) — Is the lack of fear on Wall Street something to fear?
Sunni extremists are inching closer to Baghdad. A housing bubble in China is deflating. Russia is massing troops near the Ukrainian border again. Military forces in Egypt and Thailand have staged coups.14. Energetic stock market pushes toward milestones - Friday, June 20, 2014
NEW YORK (AP) — The U.S. stock market is back to setting records.
After treading water for most of March and April, stocks are nudging deeper into record territory and are closing in on milestones with lots of zeros attached to them. The Dow Jones industrial average is within 30 points of 17,000 while the Standard & Poor's 500 is just shy of 2,000 after rising 6 percent this year.
15. US employers add 217K jobs; rate stays at 6.3 pct - Friday, June 06, 2014
WASHINGTON (AP) — U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
Monthly job growth has averaged 234,000 for the past three months, up sharply from 150,000 in the previous three. The unemployment rate, which is derived from a separate survey, remained 6.3 percent in May. That's the lowest rate in more than five years.
16. ECB enters uncharted territory with new stimulus - Friday, June 06, 2014
FRANKFURT, Germany (AP) — The European Central Bank ventured into uncharted territory Thursday with a raft of unusual measures meant to revive the eurozone economy by getting credit flowing to companies and preventing a debilitating bout of deflation.17. ECB takes raft of new steps to avoid deflation - Friday, May 30, 2014
FRANKFURT, Germany (AP) — The European Central Bank on Thursday cut interest rates and took a raft of unconventional steps to prevent the 18-country eurozone from sliding into a bout of deflation that could kill off a muted economic recovery.18. Stocks are higher after Europe steps up stimulus - Friday, May 30, 2014
NEW YORK (AP) — Stocks are higher at midday after the European Central Bank took new steps to boost the region's sluggish economy.
The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 1,936 as of noon Eastern time Thursday.
19. US stocks edge higher; Protective Life soars - Friday, May 30, 2014
NEW YORK (AP) — Stocks rose modestly Wednesday, erasing an early decline, as investors waited to hear from the European Central Bank on Thursday.
Insurer Protective Life soared on news that it was being acquired by a Japanese company.
20. Stocks edge lower; Hillshire bidding war heats up - Friday, May 30, 2014
NEW YORK (AP) — The stock market fell slightly Tuesday, pulling back from record highs the day before.
Hillshire Brands jumped as a bidding war for the company heated up, while Krispy Kreme Doughnuts plunged after issuing a disappointing forecast.
21. Stocks rise following revised manufacturing report - Friday, May 30, 2014
NEW YORK (AP) — Stocks closed mostly higher on a quiet Monday following two reports that showed the manufacturing industries of the world's two largest economies expanded last month.
Both the Dow Jones industrial average and the Standard & Poor's 500 index were able to set record highs for a second trading day in a row.
22. How Low Can We Go? - Friday, May 30, 2014
With the S&P 500 back at all-time highs, investors may be experiencing a bit of altitude sickness. With the S&P 500 now up 180 percent from the bottom, it’s right to question how much upside remains. However, the better question might be how much downside lies below.23. Uneven global economy a test for central banks - Friday, May 16, 2014
WASHINGTON (AP) — The global economy is plodding ahead in fits and starts as the largest countries struggle to achieve consistent growth.
Europe is faltering again. Japan is suddenly surging. China is cooling. The U.S. is strengthening.24. US trade deficit drops 3.6 percent in March - Friday, May 02, 2014
WASHINGTON (AP) — The U.S. trade deficit narrowed in March as exports rebounded to the second highest level on record, led by strong gains in sales of aircraft, autos and farm goods.
The deficit declined to $40.4 billion, down 3.6 percent from a revised February imbalance of $41.9 billion, the Commerce Department reported Tuesday. The February deficit had been the biggest trade gap in five months.25. IMF official: Bold actions needed for recovery - Friday, April 11, 2014
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday the global economy is finally turning the corner after a deep recession but the recovery remains too weak.
IMF Managing Director Christine Lagarde called on governments to aggressively pursue programs to spur economic growth to help the millions of people who remain unemployed.26. Renewing Our Vows - Friday, April 11, 2014
Last week, U.S. indices ascended briefly back into record territory on supportive comments from global powerbrokers.
In Europe, Mario Draghi, the head of the European Central Bank, initiated a bold conversation on monetary stimulus measures. Reality has set in across the Eurozone that the euro is too strong and inflation too weak for enduring economic expansion.27. Oil falls on weak China trade data, US supply rise - Friday, April 04, 2014
The price of oil edged slightly lower from a five-week high Thursday after China reported weak monthly trade data and U.S. crude supplies rose substantially last week.
By early afternoon in Europe, benchmark crude for May delivery was down 24 cents to $103.36 in electronic trading on the New York Mercantile Exchange. On Wednesday, the Nymex contract gained $1.04 to settle at $103.60 amid unrest in eastern Ukraine after adding more than $2 the day before. The last time it closed above $103 was on March 4.
28. IMF: World economy is stronger but faces threats - Friday, April 04, 2014
WASHINGTON (AP) — The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund warned Tuesday.
The lending organization expects the global economy to grow 3.6 percent this year and 3.9 percent in 2015, up from 3 percent last year. Those figures are just one-tenth of a percentage point below the IMF's previous forecasts in January.29. US consumer spending up modest 0.3 percent - Friday, March 28, 2014
WASHINGTON (AP) — Americans barely increased their spending in February following a weak January performance, strong evidence that the severe winter will hold back the economy in the first quarter.30. Senate, House back bills to aid Ukraine - Friday, March 28, 2014
WASHINGTON (AP) — Congress spoke with one voice on Thursday against Russia's annexation of Crimea, passing legislation in the House and Senate giving help to cash-strapped Ukraine and imposing sanctions against Russia.31. Big climate report: Warming is big risk for people - Friday, March 21, 2014
If you think of climate change as a hazard for some far-off polar bears years from now, you're mistaken. That's the message from top climate scientists gathering in Japan this week to assess the impact of global warming.32. London 'draining life' from rest of UK economy - Friday, March 14, 2014
LONDON (AP) — There's London. And then there's the rest of the U.K.
A tale of two Britains has increasingly emerged since the Great Recession. While the government trumpets the country's recovery from the financial crisis and its status as the world's fastest-growing developed economy, the rhetoric hides an increasing divide: One that pits London's boom against the malaise in cities such as Manchester and Birmingham that are struggling to remain vibrant in the 21st century.33. Trade bills divide Obama, fellow Dems - Friday, February 14, 2014
WASHINGTON (AP) — The White House says it will continue to press Congress for "fast track" authority to speed approval of trade deals even as election-year politics makes the task harder.
The Obama administration is engaged in two difficult trade negotiations, one with Japan and 10 other Pacific nations, and the other a proposed trans-Atlantic deal with European Union nations. The trans-Pacific talks are closer to completion.34. Obama, fellow Dems are at odds on big trade bills - Friday, February 14, 2014
WASHINGTON (AP) — President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them instead.35. AP survey: US income gap is holding back economy - Friday, December 13, 2013
WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
36. Keep your eye on the bouncing ball - Friday, November 15, 2013
Markets bounced around a bit last week due to the continued volley between economic/earnings expectations and interest rate expectations. As a market observer, you must fully grasp this dynamic to translate daily volatility.37. Strong dollar drives oil down to near $94 a barrel - Friday, November 01, 2013
The price of oil fell to near $94 a barrel Thursday, as an unexpected rate cut by the European Central Bank strengthened the dollar and an OPEC report depicted abundant global supplies.
By mid-afternoon in Europe, benchmark U.S. crude for December delivery was down 57 cents to $94.23 a barrel on the New York Mercantile Exchange. On Wednesday, it added $1.43 to close at $94.80 a barrel. That was still about 9 percent below its Oct. 2 close of $104.10.38. Oil steady below $97 amid high supplies, Fed - Friday, October 25, 2013
LONDON (AP) — Oil remained below $97 a barrel Thursday, with gains limited by concerns over plentiful supplies and the prospect of less U.S. monetary stimulus.
Benchmark U.S. crude for December delivery was up 10 cents at $96.87 a barrel at midday European time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.43 on Wednesday.39. IMF warns US must not fail to raise debt ceiling - Friday, October 11, 2013
WASHINGTON (AP) — The International Monetary Fund chief warned the U.S. on Thursday that failure to raise the debt ceiling could do deep damage to both the American and global economies.
Christine Lagarde, speaking at a news conference, told the U.S. to put get "fiscal house" in order, referring to the deadlock over passing spending and debt limit bills. Lagarde's comments began an annual meeting of global financial leaders by the IMF and World Bank.40. September could be a wild month for markets - Friday, August 30, 2013
NEW YORK (AP) — Investors are bracing themselves for a wild month.
September is packed with events that could derail the stock market's 16 percent gain this year.
There's a report on employment, a debate on attacking Syria, and a federal budget deadline that could become a prelude to another fight over the debt ceiling.41. Eurozone's longest-ever recession comes to an end - Friday, August 09, 2013
MADRID (AP) — Minube, a travel startup on the outskirts of Madrid, is doing something that many Spanish companies haven't thought about for years: It's hiring.
The company, which sells bookings as it helps travelers share their experiences using social media, has nearly doubled its headcount from 17 at the end of last year to 30. Business is booming as customers come in from across Europe — including some places hardest hit by Europe's economic crisis.42. Stock market creeps higher as Treasury yield rise - Friday, August 09, 2013
NEW YORK (AP) — Stock indexes edged higher in afternoon trading Tuesday, led by gains in technology companies and banks.
A rise in Treasury yields lifted financial companies, as higher interest rates could help them generate better profit margins. Growth-oriented sectors like industrial and technology companies gained on signs that Europe is poised to emerge from recession. That helped offset declines in homebuilders and other stocks that are sensitive to rising borrowing costs.
43. Obama picks restructuring expert to take over IRS - Friday, August 02, 2013
WASHINGTON (AP) — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for screening of political groups.44. S&P 500 crosses 1,700 points for the first time - Friday, July 26, 2013
NEW YORK (AP) — Stocks rose Thursday morning after an encouraging employment report, sending the Standard & Poor's 500 index above 1,700 points for the first time.
The S&P 500, which investors follow closely as a gauge for the rest of the market, was up 18 points in early trading, or 1.1 percent, at 1,704.
45. Perrigo to buy Elan for $8.6B, seeks tax savings - Friday, July 26, 2013
DUBLIN (AP) — U.S. drugmaker Perrigo agreed Monday to buy Ireland's Elan for $8.6 billion in a deal that should allow the rapidly growing company to reduce its tax bill and boost its royalty stream.46. Stocks close up as Bernanke reassures on stimulus - Friday, July 12, 2013
NEW YORK (AP) — Some soothing words from Federal Reserve Chairman Ben Bernanke pushed the stock market to slender gains on Wednesday. Higher earnings for several major companies also helped.
Bernanke said that the U.S. central bank had no firm timetable for cutting back on its bond purchases. The Fed would consider reducing its stimulus program if the economy improves, but Bernanke emphasized in his testimony to Congress that the reductions were "by no means on a preset course."47. US stocks turn lower in afternoon trading - Friday, May 31, 2013
NEW YORK (AP) — The stock market fell in afternoon trading Thursday, putting it in line for its first three-day loss this year.
The Dow Jones industrial average slipped 65 points to 14,895 as of 1:30 p.m., a drop of 0.4 percent. Chevron led the Dow lower, losing $2.29, or 2 percent, to $119.27.
48. Stocks fall; Dow average pulls back from a record - Friday, May 24, 2013
NEW YORK (AP) — Wall Street's recent passion for high-dividend stocks is fading.
The stock market closed lower Wednesday, led by the same industry groups that had the biggest gains early in the year: rich dividend payers like power utilities and makers of consumer staples.
49. World markets mixed after Japan market dip - Friday, May 24, 2013
AMSTERDAM (AP) — With U.S. markets closed, world stocks were mostly higher Monday, with Japan the notable exception as the Nikkei sold off sharply for the second time in a week.
The decline came after Bank of Japan Governor Haruhiko Karoda said over the weekend Japanese interest rates could rise without causing instability, despite the country's large national debt.
50. Stocks mixed as investors reassess Fed worries - Friday, May 17, 2013
NEW YORK (AP) — Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease back on its economic stimulus program sooner than expected had also riled investors.
51. Small company stocks take the limelight - Friday, May 17, 2013
NEW YORK (AP) — Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial average, the Standard & Poor's 500 index and the Nasdaq composite index all edged lower.
52. G-7 to discuss ways to 'nurture recovery' - Friday, May 10, 2013
LONDON (AP) — The role of central banks in shoring up the global economic recovery is set to be a key point of discussion among top financial officials from the world's seven leading economies when they gather in the UK this weekend.53. New stock market milestone: Dow 15,000 - Friday, May 03, 2013
NEW YORK (AP) — Just two months after recovering the last of its losses from the financial crisis, the Dow Jones industrial average charged higher Tuesday, closing above 15,000 for the first time.54. US employers add 165K jobs, rate falls to 7.5 pct. - Friday, May 03, 2013
WASHINGTON (AP) — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and March than anyone thought.55. Oil up again to near $95 ahead of US jobs data - Friday, May 03, 2013
The price of crude oil continued to rise Friday, a day after posting its biggest jump this year, as traders awaited the release of a closely watched U.S. employment report.
By early afternoon in Europe, benchmark crude for June delivery was up 61 cents to $94.60 a barrel in electronic trading on the New York Mercantile Exchange.
56. US trade deficit falls to $38.8 billion in March - Friday, April 26, 2013
WASHINGTON (AP) — The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low.57. Stocks gain after unemployment claims fall - Friday, April 26, 2013
NEW YORK (AP) — Encouraging news about the job market and higher profits from CBS, Facebook and other companies lifted stocks Thursday.
Signs of increased hiring have supported this year's surge in stocks and pushed the market to record highs. The run-up has started to falter in recent weeks on concerns that the global economy is slowing.58. Fed keeps stimulus, says taxes and cuts have hurt - Friday, April 26, 2013
WASHINGTON (AP) — The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy.
The Fed stood by its aggressive efforts to stimulate the economy and reduce unemployment. But it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing the economy.59. Fed likely to stick with low-rate stance this week - Friday, April 26, 2013
WASHINGTON (AP) — A combination of scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.60. Eurozone inflation falls to 3-year low in April - Friday, April 26, 2013
LONDON (AP) — Pressure is mounting on the European Central Bank to cut interest rates this week after figures Tuesday showed inflation in the euro area at a three-year low and unemployment at another record high.61. Oil above $94 on US data, hope of EU rate cut - Friday, April 26, 2013
The price of oil rose above $94 per barrel Monday as positive U.S. economic data added to optimism for a rate cut in Europe.
By midday in New York, benchmark crude for June delivery was up 90 cents to $93.90 a barrel, after earlier reaching $94.39.
62. Oil above $91 on hope for Europe rate cut - Friday, April 19, 2013
NEW YORK (AP) — Oil had its biggest daily gain since December, as oil supplies rose less than expected in the U.S. and speculation grew that the European Central Bank will cut interest rates.63. Slight decline in midday trading on Wall Street - Friday, April 12, 2013
NEW YORK (AP) — Disappointing earnings from a range of companies pushed the stock market lower on Thursday, giving major indexes their third loss this week.
Morgan Stanley, UnitedHealth Group and others sank in Thursday trading after turning in their quarterly financial results. Earnings and revenue dropped at Morgan Stanley as the bank made less money from trading bonds and commodities, a common theme for many investment banks this earnings season. Morgan Stanley lost 4 percent to $20.59.
64. US Treasury chief urges EU to ease off austerity - Friday, April 05, 2013
BRUSSELS (AP) — European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders.65. Kafka the bureaucrat able to ‘keep the keyhole clean’ - Friday, April 05, 2013
I met the word “mitteleuropaish” for the first time in a Paul Greenberg column.
Greenberg, winner of the 1969 Pulitzer Prize for editorial writing at the Pine Bluff Commercial, was discussing a recently released book, Kafka: The Office Writings. “A combination attorney, actuary and all-around bureaucrat,” he wrote. “[Kafka] seems to have carried out his duties with a combination of mitteleuropaisch flair and German efficiency.”66. Weak economic reports send stock market lower - Friday, March 29, 2013
LONDON (AP) — Japanese stocks outperformed all others Wednesday as investors anticipated aggressive policy action from the Bank of Japan.
The country's central bank started its first policy meeting under a new governor committed to aggressive monetary action to end years of economic malaise. There are expectations that the bank will announce a big monetary stimulus at the end of its meeting on Thursday.67. US stocks fall on broad concern about Europe - Friday, March 22, 2013
Stocks reversed an early rise on Wall Street Monday as traders returned to worrying about the European economy.
Optimism about a deal to prevent financial collapse in Cyprus had briefly pushed the Standard & Poor's 500 index to within a quarter-point of its record closing high, but stocks soon turned negative.68. Oil hits 5-week high on Cyprus financial bailout - Friday, March 22, 2013
NEW YORK (AP) — The price of oil rose to a five-week high after Europe patched up the latest problem in its yearslong financial crisis.
Benchmark crude for May delivery rose $1.10 to finish at $94.81 a barrel on the New York Mercantile Exchange. That's the highest New York closing since Feb. 20.69. Weak Oracle sales, Cyprus fears weigh on US shares - Friday, March 15, 2013
Stocks fell on Wall Street Thursday as Oracle's weak sales results weighed down big U.S. technology companies. Traders worried about Cyprus running out of time to avoid bankruptcy.
Major indexes followed European markets lower at the open. The Dow Jones industrial average fell as much as 98 points. By mid-day they had pared the losses. Shortly before noon eastern time, the Dow Jones industrial average and the Standard & Poor's 500 index were down about 0.3 percent. The Nasdaq composite index, which is heavily weighted toward tech shares, declined more than 0.6 percent.70. Wall Street holds its own after Cyprus 'no' vote - Friday, March 15, 2013
NEW YORK (AP) — The latest twists in Europe's debt drama weighed down the stock market Tuesday, offsetting more good news on the U.S. housing market.
The Dow Jones industrial average managed a gain of just four points, while other indexes closed slightly lower. Investors were focused on Cyprus, where the Mediterranean country's lawmakers voted against a proposed bailout plan for banks that would have called for raiding the savings accounts of ordinary citizens, setting a new precedent in Europe's ongoing debt crisis.71. Stocks falter following Cyprus's bailout plan - Friday, March 15, 2013
NEW YORK (AP) — Stocks have closed lower on Wall Street as investors worried that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency.72. Stocks grind higher, pushing Dow toward record - Friday, March 01, 2013
NEW YORK (AP) — Investors brushed off early jitters about a potential slowdown in China and pushed the Dow to its highest close of the year.
The Dow Jones industrial average rose 38.16 points, or 0.3 percent, to 14,127.82. The index is a fraction of a percentage point away from its record close of 14,164, reached on Oct. 9, 2007.73. Oil ends lower on Italy elections, crude supplies - Friday, February 22, 2013
NEW YORK (AP) — The price of oil was lower Tuesday as investors weighed the implications of political uncertainty in Italy, the latest assessment of the economy from the head of the Federal Reserve and prospects for growing US crude supplies.74. Stocks drop as Italy heads for political disarray - Friday, February 22, 2013
NEW YORK (AP) — Stocks had their worst drop in more than three months as the prospect of political paralysis in Italy raised the specter of Europe's debt crisis flaring up again.
The Dow Jones industrial average fell 216.40 points, or 1.6 percent, to 13,784.17, its biggest drop since Nov. 7.75. EU says eurozone economy to shrink again in 2013 - Friday, February 22, 2013
BRUSSELS (AP) — The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see its fortunes improve in the second half of the year.76. Europe stocks mixed, Japan's Nikkei rises on yen - Friday, February 15, 2013
PARIS (AP) — After starting the day in negative territory, Europe's main indexes were mixed around midday as investors cautiously contemplated a further fall in value for the Japanese yen — which sent the benchmark Nikkei index surging more than 2 percent.77. Oil hovers beneath $96 on US, Europe growth fears - Friday, February 15, 2013
The price of oil hovered below $96 a barrel Monday, weighed by data released late last week which showed that U.S. industrial production weakened and Europe remained mired in recession.
By early afternoon in Europe, benchmark crude for March delivery was down 17 cents to $95.69 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.45 on Friday.78. VW reports 17.4 pct increase in January sales - Friday, February 08, 2013
BERLIN (AP) — Germany's Volkswagen AG says it started off the year with brisk car sales, as deliveries outside Europe — particularly in China — helped more than offset declines in its home market.
Europe's largest automaker said Tuesday overall January sales were up 17.4 percent to 491,900 from 419,100 in January 2012.79. S&P 500 hits five-year high, extends rally - Friday, February 08, 2013
NEW YORK (AP) — The Standard and Poor's 500 edged up to a five-year high Friday, extending a rally that started in January.
The S&P 500 rose 8.54 points to 1,517.93, closing 0.3 percent up for the week. The index is at its highest since November 2007 and has advanced for six weeks, the longest streak of gains since August.80. Stocks retreat as weak earnings provide no joy - Friday, February 01, 2013
NEW YORK (AP) — Stocks slumped on Wall Street Thursday, suggesting that the rally which has pushed indexes close to record levels may have run its course.
The Dow Jones industrial average fell 46 points to 13,942, having earlier slid as much as 134 points. The index has traded largely sideways this week, after logging its best January in almost two decades.81. Oil prices fall on ECB chief's comments on euro - Friday, February 01, 2013
NEW YORK (AP) — The price of oil fell below $96 per barrel Thursday after the head of the European Central Bank expressed concern over a recent rise in the euro.
The euro was down against the dollar, to $1.3391 from $1.3525 on Wednesday. And European Central Bank president Mario Draghi pledged Thursday to keep a close eye on the economic impact of the rise of the euro, which has gained on the dollar in recent months. It rose from around $1.23 in mid-August to over $1.35 this week. A strong euro hurts the export prospects of the 17 countries in the common currency zone.82. Economist: Euro crisis could erupt again this year - Friday, January 25, 2013
DAVOS, Switzerland (AP) — Is the euro crisis over? A leading U.S. economist says not by a long shot.
Even as the head of the European Central Bank talked Friday of "positive contagion" in the markets and predicted an economic recovery for the recession-hit eurozone later this year, economist Barry Eichengreen warned that the debt crisis that has shaken Europe to its core could easily erupt again this year unless European leaders move faster to solve their problems.83. CEOs head to Davos more pessimistic about 2013 - Friday, January 18, 2013
DAVOS, Switzerland (AP) — As high-powered CEOs flock to the snowy Swiss resort of Davos, they are loaded down with baggage — not just skis and iPads but concerns about the global economy, public mistrust, disappearing jobs and a heap of other challenges.84. Stocks little changed on Wall Street; Apple slides - Friday, January 11, 2013
NEW YORK (AP) — Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.85. Stocks are little changed on Wall Street - Friday, January 04, 2013
NEW YORK (AP) — The stock market gave up an early gain Thursday as economic reports gave investors a mixed picture on the outlook for growth.
The Dow Jones industrial average was up 11 points at 13,401 as of 11:32 a.m. EST after rising as much as 54 points at the start of trading. The Standard & Poor's 500 added two points to 1,463, after rising as much as eight. The Nasdaq composite fell 3 points to 3,102.86. Stocks edge higher on Wall Street - Friday, January 04, 2013
NEW YORK (AP) — The stock market edged higher on Thursday as investors waited for more indications on the health of U.S. companies from earnings reports. Economic reports were mixed.
The Dow Jones industrial average was up 19 points at 13,409 shortly after noon EST. It had been up as much as 54 points in the early going. The Standard & Poor's 500 added three points to 1,464, after rising as much as eight. The Nasdaq composite fell three points to 3,103.87. UBS to pay $1.5 billion over rate-rigging scandal - Friday, December 14, 2012
GENEVA (AP) — Switzerland's UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate.
In admitting to fraud, Switzerland's largest bank became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain and Switzerland, also comes just over a week after HSBC PLC agreed to pay nearly $2 billion for alleged money laundering.88. US trade deficit grows to $42.2 billion in October - Friday, December 07, 2012
WASHINGTON (AP) — The U.S. trade deficit increased in October because exports fell by a larger margin than imports, a sign that slower global growth could weigh on the U.S. economy.
The Commerce Department said Tuesday that the trade deficit grew 4.8 percent in October from September to $42.2 billion.89. Oil drops on bleak outlook for Europe economy - Friday, November 30, 2012
The price of oil is dropping after the European Central Bank predicted a bleak year ahead for the region's economy but stopped short of offering new measures to boost growth
Benchmark oil fell $1.80, or 2 percent, on Thursday to $86.08 per barrel in New York. Brent crude, used to price international varieties of oil, fell $1.87 to $106.94 per barrel in London.90. Stocks fall after weak retail reports - Friday, November 09, 2012
NEW YORK (AP) — Stock indexes fell Thursday, pushing the Dow to its lowest since July, after U.S. retailers turned in mixed earnings reports.
Wal-Mart's stock dropped $2.78 to $68.50 after the company issued a weak forecast for fourth-quarter profits. Ross Stores, whose stores includes Ross Dress for Less, fell $1.41 to $53.71 after its earnings forecast for the next quarter disappointed analysts. Limited Brands, the owner of Victoria's Secret, dropped $1.19 to $45.40 after its earnings outlook also fell short of analysts' expectations.91. After 3 bumpy years, Europe turns corner on crisis - Friday, November 09, 2012
FRANKFURT, Germany (AP) — The worst of Europe's financial crisis appears to be over.
European leaders have taken steps to ease the panic that has plagued the region for three turbulent years. Financial markets are no longer in a state of emergency over Europe's high government debts and weak banks. And this gives politicians from the 17 countries that use the euro breathing room to fix their remaining problems.92. Stocks slide on Wall Street, extending sell-off - Friday, November 02, 2012
NEW YORK (AP) — Stocks slid on Wall Street Thursday, a day after the Dow Jones industrial average logged its biggest one-day drop of the year, as investors fretted about the potential for gridlock in Washington.93. Dow loses 313 in post-election sell-off - Friday, November 02, 2012
Wall Street greeted a second Obama term the way it greeted the first.
Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.94. G-20 officials meet to discuss debt in Europe, US - Friday, November 02, 2012
MEXICO CITY (AP) — Finance ministers and central bank governors from the world's leading economies met in Mexico on Sunday amid growing fears over the global impact of Europe's debt crisis and the stalemate over a fiscal plan in the United States.95. Eastern Europe gives Volkswagen a sales boost - Friday, October 12, 2012
BERLIN (AP) — Strong sales in Eastern Europe helped Volkswagen AG post a 6.5 percent increase in September sales over the same month last year, despite difficulties caused by the European financial crisis.96. Stocks head higher, despite Europe worries - Friday, October 05, 2012
NEW YORK (AP) — One piece of good news on jobs was enough Thursday on Wall Street.
The stock market popped higher after the Labor Department reported an encouraging decline in weekly claims for unemployment insurance. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain.'97. Stocks indexes slide following gloomy IMF forecast - Friday, October 05, 2012
NEW YORK (AP) — Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings.98. Stocks waver on Spain report, Mosaic miss - Friday, September 28, 2012
NEW YORK (AP) — Mixed signals on the world economy tugged on major stock indexes Tuesday.
The country's largest fertilizer company, Mosaic, said weak demand from China and India have hurt its profits. Mosaic, Dupont and stocks of other companies in the materials industry fell.99. Oil posts 8.5 pct gain for quarter; gas at $3.79 - Friday, September 28, 2012
NEW YORK (AP) — Oil ended the third quarter with a slight gain as investors weighed whether the world economy could pull out of the doldrums.
Benchmark oil rose 34 cents to $92.19 per barrel in morning trading in New York. In London, Brent crude, which reflects what most U.S. refineries have to pay for oil, rose 38 cents to $112.39.100. It’s all tied up - Friday, September 28, 2012
The markets today must reconcile two primary opposing factors. On the one hand, global economic statistics and earnings pre-announcements describe a listless global economy – not recessionary per se – but not healthy enough to really drive revenues and confidence. On the other hand, the globe’s major central banks have all committed to indefinite and unlimited monetary stimulus.