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The U.S. dollar inched lower against the euro on Friday but held on to much of the gains it made the previous day when investors sold commodities including oil and gold and repatriated cash back into the dollar.
Asian stocks were mostly stronger this Good Friday, following gains on Wall Street. Japan and South Korea both finished over 1% higher. Markets in Australia, Hong Kong, India, Indonesia and Singapore are closed for the Good Friday holiday.
The concept of "peak oil" could be thrown out the window if vast offshore and unconventional sources can be developed. Two experts weigh in on the subject.
The dollar made its biggest gain since mid-December against the euro Thursday as investors sold oil, gold and other commodities and repatriated their cash back into the beleaguered U.S. currency.
Oil futures extended their declines Thursday as concerns about the economy and demand for oil grew and the dollar strengthened.
What exactly is wrong with an optimistic president who has confidence in the long-run future of the American economy? President Bush took this stance in a recent interview with me and at the Economic Club of New York. He told me, “Like any free market, there’s also downturns, and we’re in one. But I am confident in the long-term strength of our economy.”
The slick slide for oil, gold and other commodities over the past 24 hours has been as dramatic as the mercurial rise to record heights. With oil below $100, the next leg down could be a steep one. Looking back to the lows of this year, many traders point to technical charts that indicate oil prices could return to the February lows in the mid-$80 range.
Asian stocks bounced around in the afternoon session Thursday, with Chinese markets oscillating wildly, losing as much as 6.5% at one point, but swinging back into the black, now trading over 2% higher.
China has issued a reminder that mutual funds are exempted from corporate tax in order to encourage development of the investment sector.
Nike delivered great earnings after the bell Wednesday. Can FedEx join Nike and dodge the bullets of higher fuel costs and a weakening U.S. economy?
This post is from CNBC energy producer, Judy Gee. Record crude oil prices and talks of $4 gasoline aside, there's a quieter, more subtle dilemma lurking in diesel. Record pump values for diesel surfaced on February 21 and prices have hit daily records ever since. Gone are the days when diesel was cheaper than gasoline.
Enough with the brokerage earnings. This afternoon, Nike tells us how the sporting goods biz is doing.
Crude prices fell 4.5 percent Wednesday on concerns that a big U.S.-led economic slowdown could further undermine global energy demand. The decline of $4.94 per barrel marked oil's biggest one-day drop in more than 17 years.
The dollar briefly reversed losses against the euro on Wednesday in volatile trading, drawing support from losses in gold futures.
Fed Chairman Ben Bernanke’s stock is at a 52-week high on Wall Street --- with the exception perhaps of Bear Stearns, which appears to be selling him short.
The overwhelming majority of homeowners are doing just fine. So how is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets?
The Japanese central bank was placed in the hands of a temporary governor when Toshihiko Fukui retires in a few hours, after the latest candidate to replace him was rejected by the upper house of parliament.
Asian markets rallied on Wednesday as investors took a shine to the U.S. Federal Reserve's interest rate cut. Australia had a spectacular session, finishing 4% higher. Japan and South Korea both ended over 2% higher.
Two of the nine Bank of England policymakers opposed this month's decision to keep interest rates at 5.25 percent, preferring an immediate quarter-point cut to shore up the economy in the face of a global downturn.
Morgan Stanley shares shot up 18% Tuesday, so why care about the brokerage's earnings report Wednesday morning? Cmon, there's always something to worry about.
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