Gold held steady on Thursday after hitting another record near $1,250 an ounce the previous day on continued worries about euro zone debt, while the world's largest gold-backed ETF reached a new all-time high.
The Federal Reserve scored a victory and mortgage bankers suffered a defeat on Wednesday as the Senate took aim at bank supervision and housing finance in its sprawling Wall Street reform effort.
Spain belatedly joined the euro zone's austerity bandwagon Wednesday in response to a widening debt crisis as the European Commission sought an unprecedented right of prior review of national budgets.
The Australian dollar is weaker once again versus the Greenback starting today at 0.8945 US.
The marketing and sale of the antidote for acetaminophen poisoning through, Acetadote (R) Injection has been approved in Australia, announced Cumberland Pharmaceuticals Inc. (CPIX) and Phebra Pty Ltd.
HTC Corp said on Wednesday it filed a patent infringement case against Apple Inc and asked the U.S. International Trade Commission to ban U.S. sales of iPhones, iPads and iPods.
The growth of video distributors on the Web and new video-enabled devices like Apple Inc's iPad will create opportunities for both networks and distributors, top cable executives said at an industry event on Wednesday.
U.S. stocks capped their best three-day run in 10 months on Wednesday, lifted by technology and industrial shares after Spain unveiled an austerity plan that reassured investors Europe was addressing its fiscal ills.
Gold climbed to a second successive record high on Wednesday as investors bet that a proposed $1 trillion European rescue will either fail to prevent a worsening euro zone crisis or will stoke inflation.
The United States posted an $82.69 billion deficit in April, nearly four times the $20.91 billion shortfall registered in April 2009 and the largest on record for that month, the Treasury Department said on Wednesday.
The trade deficit hit its widest point in 15 months in March as a broadening economic recovery boosted demand for foreign goods, with a rise in exports and imports seen as a sign of growing global demand.
U.S. stocks rallied on Wednesday, lifted by multinational technology and industrial shares after Spain unveiled an austerity plan that further eased jitters over euro-zone debt woes.
The Federal Reserve scored a victory and mortgage bankers suffered a defeat on Wednesday as the U.S. Senate took aim at bank supervision and housing finance in its sprawling Wall Street reform effort.
Technology and industrial shares boosted Wall Street on Wednesday as Spain unveiled an austerity plan that further eased jitters over euro-zone debt woes.
(Reuters) - First lady Michelle Obama on Tuesday unveiled a 70-point plan for reducing childhood obesity within a generation, including a call for marketing healthier food, but stopping short of recommending regulatory action or a federal tax on sugary sodas.
CHICAGO (Reuters.com) - Some 80 years ago John Ruocco's then16-year-old uncle was struck and killed by a drunk driver in the Bronx. Although it happened years before he was born, Ruocco grew up hearing about the tragedy from his parents, who witnessed it, and vowed to do something about drunk driving. A couple of years ago Ruocco finally made good on the promise, developing a test that sends real...
If US inflation concerns, Euro Zone debt crisis helped gold to surge to a recent high of Rs 1230 on Tuesday, subsequent news events don't paint a further bullish picture for the yellow metal. The negative factors for gold come from the vary zone that created the bull rally in gold the other day.
U.S. stock indexes rose more than 1 percent on Wednesday, boosted by gains in materials and technology shares and after Spain unveiled an austerity plan that further eased jitters over euro-zone sovereign debt woes.
Last week's action on Wall Street and other world markets demonstrated anew gold's special qualities as a financial life preserver in tumultuous and uncertain times. With stock prices plummeting and the euro continuing to lose value as well as credibility, gold was virtually the only financial and investment asset to shine, continuing its recent sharp climb and breaking through the $1,200 level, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.
Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.
U.S. stocks rose on Wednesday, boosted by gains in materials and technology shares and after Spain unveiled an austerity plan that further eased jitters over euro-zone sovereign debt woes.
Top oil executives faced a second day of grilling on Wednesday by U.S. lawmakers over a gushing well leak in the Gulf of Mexico as BP scrambled with its latest deep-sea effort to control the huge spill that threatens environmental disaster.
