U.S. stocks rose on Wednesday, after JPMorgan Chase & Co. and Wells Fargo & Co. reported quarterly results not worse than expectations, giving some hope that the battered financial sector may be able to cut some of its losses.
The dollar rose on Wednesday as a fall in oil prices pushed investors to reduce their euro holdings and temporarily abandon expectations for a weakened dollar.
U.S. consumer prices rose in December, their fastest rate in nearly two decades led by higher energy, food and medical prices causing economic growth to slow, the Labor Department reported Wednesday.
The biggest challenge facing the U.S. corn-ethanol industry in 2008 will be finding a home for all the new production that is coming on stream, a leading economist with Purdue University said on Tuesday.
A right-wing party quit Israeli Prime Minister Ehud Olmert's government on Wednesday, condemning his peace talks with the Palestinians and leaving him even more politically vulnerable.
JPMorgan Chase & Co said on Wednesday quarterly profit fell a worse-than-expected 24 percent as the No. 3 U.S. bank lost $1.3 billion on risky mortgages and set aside more money for rising losses on home-equity and auto loans. The bank quadrupled to $1.1 billion the provision it needs to cover continued problems on home equity and subprime mortgage loans.
Cloned animals are safe for humans to eat, U.S. regulators said on Monday after a seven year review. The Food and Drug Administration said there were no special risks associated with the cloning technology.
Gold futures fell on Tuesday, erasing earlier gains after the dollar rebounded against the euro putting further strain on the economy and reducing the appeal of the precious metal.
Intel on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down 15 percent, further stoking concerns the U.S. economy may be entering a recession. Chief Financial Officer Stacy Smith said he was a little bit cautious on the state of the U.S. economy, and the results raised concerns about the impact the economy was already having on the world's largest chipmaker.
Copper Futures declined nearly 3 percent, the lowest drop in six weeks, as worries of an economic recession grew after an official report showed sales at U.S. retailers fell surprisingly in December.
Apple has been a frequent target of environmental activists who claim its products are harming the Earth, but today the company unveiled a new more environmentally friendly laptop.
The dollar on Tuesday, reaching its lowest level against the yen in two years after a report about slow retail sales triggered concerns that the U.S. economy will go into recession.
Oil prices fell more than $2 a barrel below $92 on Tuesday after the U.S. government reported a decline in retail sales and Saudi Arabia's oil minister said the Organization of Petroleum Exporting Countries could increase output.
The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.
Wireless service provider Clearwire Corp said on Tuesday that it would offer its customers applications such as e-mail and calendar from Web search leader Google Inc.
Toyota Motor Corp on Monday threw down the gauntlet to GM in a race for the next green car.
Citigroup Inc., the nation's largest bank by assets, reported the company's biggest quarterly loss and slashed dividends on Tuesday as loan defaults in recent quarters forced it to write down the value of subprime-mortgage investments by $18 billion.
Dream Big is the theme of the National Retail Federation's annual conference taking place this week and that is likely to be what many U.S. retailers will do to survive 2008 -- dream big of greener pastures.
Copper Futures rose on Monday after the dollar slipped, which also drove investments into other commodities such as gold and oil.
Google, along with a set of other companies, was cleared by federal regulators to bid for a highly desired chunk of wireless spectrum on January 24.
Sprint Nextel Corp. plans to lay off several thousand employees, according to a media report Monday.
Crude oil rose over $1 on Monday after the dollar dropped against the euro, and strained relations between the U.S. and Iran raised worries about crude supply.