Friday, June 26, 2009
House passes historic 'cap-and-trade' energy bill by razor-thin 219-212 vote
House passes historic 'cap-and-trade' energy bill by razor-thin 219-212 vote
6/26/2009 7:27:00 PM EDT
Dow drops 38 points; most U.S. stocks fall for second straight week
Dow drops 38 points; most U.S. stocks fall for second straight week
6/26/2009 4:15:40 PM EDT
Correction: Nasdaq ends the day 8 points higher.
Correction: Nasdaq ends the day 8 points higher.
Dow ends 35 points lower, while the Nasdaq gains 8% and the S&P slides...
Dow ends 35 points lower, while the Nasdaq gains 8% and the S&P slides
2%, capping a week of choppy trading.
Dow ends 35 points lower, while the Nasdaq gains 8% and the S&P slides...
Dow ends 35 points lower, while the Nasdaq gains 8% and the S&P slides
2%, capping a week of choppy trading.
Palm shares rally as investors look beyond losses
Palm shares rally as investors look beyond losses
Shares of Palm Inc. rally out of the box, sprinting 15% higher as investors
react favorably to the handset maker's fourth-quarter financial
results, which encompass the three months just prior to the launch of
the Pre smart phone.
U.S. STOCK STANDOUTS ARE CASINOS AND NURSING HOMES
One factor moving the stock market these days is
time, which fund managers are rapidly running out of if they wish to
finish the second quarter holding what propelled the market to
double-digit gains so far
for the period.
TREASURYS HEAD FOR BEST WEEK OF YEAR
Treasury prices gain Friday, pushing 10-year notes toward their best
weekly gain this year, after a government report on May personal
income showed the
lightest inflation since at least 1960.
Consumer sentiment slightly better ...
Consumer sentiment slightly better than forecast for June, UMich survey shows
6/26/2009 9:57:58 AM EDT
Energy: Congress in focus as energy follows broader market
Washington takes center stage in the energy sector, with the House of
Representatives expected to vote on a widely debated climate-change
measure.
Stocks open lower, after sharp rally, as investors shrug off..
Stocks open lower, after sharp rally, as investors shrug off a
better-than-expected reading on personal income.
China says half of stimulus budget spent to date
China's Ministry of Finance says about 591.2 billion yuan ($86.5
billion) has been spent on infrastructure and reconstruction works so
far, representing roughly half of the funds committed to under a
two-year emergency stimulus package outlined in November.
Personal income surges 1.4% in May...
Personal income surges 1.4% in May, topping economists' forecasts;
Americans' savings rate climbs to 6.9%.
Oil extends rise above $70 in Asia trade
Crude-oil futures nudge higher in Asian trade, extending gains from
the New York session, where news of another attack on oil facilities
in Nigeria and a bigger-than-expected drop in U.S. inventories kept
the market well supported.
Thursday, June 25, 2009
Japan reportedly to order Citi to suspend some operations
Japan reportedly to order Citi to suspend some operations
6/25/2009 10:19:33 PM EDT
Pop superstar Michael Jackson dies at age 50, reports say
Pop superstar Michael Jackson dies at age 50, reports say
6/25/2009 6:32:48 PM EDT
Markets rally; Dow jumps 173 points,...
Markets rally; Dow jumps 173 points, while the Nasdaq and S&P both
gain 2% after a steep selloff earlier in the week.
Energy: Obama urges lawmakers to pass energy bill
President Barack Obama urges lawmakers to approve a sweeping energy
bill that would set up a system for slashing greenhouse gases and
boost renewable energy, and that he says will create jobs and wean
Americans off of foreign sources of energy.
Breaking News: Farrah Fawcett dies at 62
LOS ANGELES (AP) - Farrah Fawcett has died in a Los Angeles hospital
after a battle with cancer. She was 62.
Bernanke: Fed didn't act improperly on Merrill
Bernanke: Fed didn't act improperly on Merrill
Fed Chairman Ben Bernanke defends the central bank's involvement in
Bank of America's controversial acquisition of Merrill Lynch, saying
the central bank.
acted with integrity and did not apply any undue pressure to complete the
merger.
BERNANKE TESTIMONY ON MERRILL DEAL
Here is Fed Chairman Ben Bernanke's prepared testimony on Bank of
America's acquisition of Merrill Lynch.
AIG GETS FED APPROVAL FOR INTERNATIONAL LIFE IPOS
American International Group receives approval from the Federal
Reserve Bank of. New York for the initial public offering of two of
its international
life-insurance divisions. Taxpayers stand to recoup $25 billion.
A MORE UPBEAT FED STAYS COURSE ON POLICY
The Federal Reserve issues its most positive statement about the
economy in recent memory, saying that the downturn is slowing and
deflation is no longer a big threat.
JOBLESS CLAIMS JUMP TO HIGHEST LEVEL SINCE MID-MAY
First-time filings for state unemployment benefits register an unexpected
increase in the latest week, reaching 627,000 and reclaiming the
highest level for this key economic benchmark since the middle of May,
Labor Department data show. Initial filings falling below 600,000
would be considered a signal that
the recession may be coming to an end.
Breaking News Thu., June 25, 2009
Supreme Court: Girl's Strip Search by School Officials Looking for
Drugs Was Illegal [10:24 a.m. ET]
U.S. stocks reverse opening declines...
U.S. stocks reverse opening declines; Dow industrials up as much as 60 points
6/25/2009 10:14:32 AM EDT
Bernanke defends his role in BofA's acquisition of Merrill Lynch – denies he threatened Fed action if BofA walked away from the deal.
Bernanke defends his role in BofA's acquisition of Merrill Lynch –
denies he threatened Fed action if BofA walked away from the deal.
Stocks open lower after an unexpected rise in jobless claims unnerves investors.
Stocks open lower after an unexpected rise in jobless claims unnerves
investors. Fed chief Bernanke to testify before Congress.
Energy: Nike, AIG, Lennar in the spotlight
U.S. stock market futures edged lower Thursday as figures showed an
unexpected rise in first-time unemployment claims and as the market
continued to focus on the Federal Reserve's stated worries over the
economy, but apparent dismissal of deflation concerns.
First-time unemployment claims rise to 627,000, U.S. says
First-time unemployment claims rise to 627,000, U.S. says - worse
than expected. GDP decline revised to 5.5% in first quarter.
Oil falls as demand stagnates
Crude futures falls in Asian trade, following a U.S. government report
showing refinery activity at a six-month high but petroleum demand
continuing to weaken.
Wednesday, June 24, 2009
Dow industrials set to close lower as gains evaporate ...
Dow industrials set to close lower as gains evaporate after Fed
statement; Nasdaq, S&P up
6/24/2009 3:58:36 PM EDT
Fed leaves key rate unchanged and says pace of economic contraction is slowing and economy will "remain weak for a time."
Fed leaves key rate unchanged and says pace of economic contraction is
slowing and economy will "remain weak for a time."
Fed maintains rock-bottom target rate; deflation no longer a concern
Fed maintains rock-bottom target rate; deflation no longer a concern
6/24/2009 2:19:20 PM EDT
Stocks lose steam, Dow turns lower giving up gains ...
Stocks lose steam, Dow turns lower giving up gains for the day after
Fed leaves rates unchanged and says economy remains weak.
New home sales fell 0.6% in May to annual rate of 342,000
New home sales fell 0.6% in May to annual rate of 342,000, government
reports. Median sale price sank 3.4% year over year.
Energy: Pricier crude prompts oil-refiner downgrades
Oppenheimer analysts tone down expectations for oil refiners,
downgrading four stocks in the expectation that the sector will
struggle with weak demand and pricier crude oil into 2010.
Stock rally intensifies in first hour of trading - Dow surges more than 100 points, Nasdaq jumps 2%, while S&P 500 rises 1.5%.
Stock rally intensifies in first hour of trading - Dow surges more
than 100 points, Nasdaq jumps 2%, while S&P 500 rises 1.5%.
Tuesday, June 23, 2009
Dow closes lower, weighed down by Boeing's Dreamliner delay...
Dow closes lower, weighed down by Boeing's Dreamliner delay; S&P ends positive
6/23/2009 4:11:03 PM EDT
Dow inched lower, falling 18 points
Dow inched lower, falling 18 points while the Nasdaq ended flat and
the S&P ticked higher.
Energy: House moves toward vote on 'cap and trade' bill
House lawmakers are getting closer to a vote on a sweeping energy bill
that would cap greenhouse gases, with a vote possible on Friday, House
Majority Leader Steny Hoyer says.
Oil settles $1.74 higher to $69.24 a barrel
Oil settles $1.74 higher to $69.24 a barrel after closing Monday at a
two-week low.
Lawyers for 71-year-old Bernard Madoff, who faces 150-year sentence, ...
Lawyers for 71-year-old Bernard Madoff, who faces 150-year sentence,
urge judge to consider 12 years - 'an effective life sentence.'
Existing-home sales rise weaker-than-forecast ...
Existing-home sales rise weaker-than-forecast 2.4% in May, NAR data show
6/23/2009 10:02:33 AM EDT
Existing home sales rose 2.4% in May to 4.77 million annual rate,...
Existing home sales rose 2.4% in May to 4.77 million annual rate,
while median price fell 16.8% from a year ago - Realtors group.
Energy stocks get analyst lift after stumble
Energy stocks rose out of the gate after big losses in the previous
session, with analysts issuing upbeat comments on oil majors Chevron
and ConocoPhillips.
Stocks open mixed as investors await report...
Stocks open mixed as investors await report on existing home sales.
Financial shares rise; Boeing sinks on Dreamliner delay.
Breaking News Tue., June 23, 2009
Television Personality Ed McMahon Has Died, Reports [8:35 a.m. ET]
Energy: Asia sees biggest loss in weeks for major indexes
Asian share markets close broadly lower, with major indexes posting
their biggest one-day losses in weeks.
Energy: Crude taps fresh three-week low under $67
Crude-oil futures fall below $67 a barrel to a fresh three-week low in
electronic trading amid continued pressure from concerns over oil
demand.
Monday, June 22, 2009
Hong Kong's Hang Seng Index plummets over 3% at open
Hong Kong's Hang Seng Index plummets over 3% at open
6/22/2009 10:04:49 PM EDT
Breaking News Mon., June 22, 2009
5.7 Magnitude Earthquake Strikes Alaska, Felt in Anchorage [3:58 p.m. ET]
Stocks sink to 3-week lows; Dow sheds 200 points, ...
Stocks sink to 3-week lows; Dow sheds 200 points, Nasdaq closes down
3%, S&P dips 2.7% amid global economy fears.
OIl settles down $2.62 to $66.93 a barrel...
OIl settles down $2.62 to $66.93 a barrel, its lowest level in two
weeks, after World Bank cuts its economic growth outlook.
Dow drops over 197 points, hitting a new low for the day. Nasdaq hit harder, ...
Dow drops over 197 points, hitting a new low for the day. Nasdaq hit
harder, dipping over 3%, while the S&P falls 2.7%.
Oil services lead big losses amid broad weakness
Oil-service shares lead significant losses in the energy sector to
start the week, marking a lackluster start to the summer amid a
pullback in prices for crude oil.
Dow industrials off 138 points to morning's low; Nasdaq down 2.5%
BULLETIN: Dow industrials off 138 points to morning's low; Nasdaq down 2.5%
6/22/2009 10:35:29 AM EDT
Breaking News Mon., June 22, 2009
Iranian Riot Police Attack Demonstrators With Tear Gas, Live Fire Into
Air, AP Reports [9:55 a.m. ET]
Stock selloff gains momentum - Dow plunges more than 100 points...
Stock selloff gains momentum - Dow plunges more than 100 points within
first 10 minutes of trading - on worries about global economy.
Stocks open lower - extending last week's selloff...
Stocks open lower - extending last week's selloff - after the World
Bank issued a gloomy economic outlook. Financial shares slump.
Sunday, June 21, 2009
Energy: Dutch Shell's facilities in Nigeria attacked
Royal Dutch Shell PLC says that a group of militants have, for a third
time, attacked its Nigerian oil facilities operated by a subsidiary.
