Fed In All-Out Push Against Housing Crisis: Bernanke
Federal Reserve Chairman Ben Bernanke said on Friday that the U.S. central bank would use the full measure of its ability to help alleviate the housing crisis.
BSE Sensex makes a comeback, gains 2.6 percent
Sensex, the prime 30-share index of the Bombay Stock Exchange (BSE) staged a comeback on Friday and ended the week on a positive note, gaining 2.63 percent or 403.17 points, even as concerns persisted about weak US economy and subprime crisis.
Gold futures reach $1,009 an ounce
Gold futures spiked to a new record of $1,009 an ounce in New York on Friday, as investors turned to the safe haven after news of a bailout from troubled investment bank Bear Stearns while the plunging demand increased demand for the precious metal.
Cocoa Gains as Workers in Ivory Coast Continue Stikes
Cocoa gained on Friday amid concerns that a strike by cocoa workers in Ivory Coast, the world's top cocoa producer will reduce supply.
Corn, Soybeans Decline on Concern of Reduced Demand as U.S. Economy Continue Weakening
Corn and soybeans declined on Friday amid speculations that a tumbling U.S. economy will reduce investor demand for raw materials and cut use of grains and oilseeds in bio-fuels and livestock feed.
Treasuries Rise on Bear Stearns Bailout
U.S. Treasury note prices rose on Friday after amid continuing struggles in the financial sector as the Federal Reserve, through JPMorgan Chase, gave emergency funds to struggling investment bank Bear Stearns.
Dollar Slips to New Low Versus Euro on Bear Stearns
The dollar fell to a new low against the euro and dipped lower against the yen on Friday amid more trouble in the financial sector as JPMorgan Chase and the New York Federal reserved teamed up to bail out struggling investment bank Bear Stearns.
Astronauts Begin Shuttle Walk
Two astronauts from the US shuttle Endeavour on Thursday began the first of a series of spacewalks to install Japan's maiden laboratory at the International Space Station, according to NASA.
Copper Ends with Losses on U.S. Demand Concerns
U.S. copper futures closed down erasing earlier gains on Thursday as investors worry that an economic recession in the United States could reduce demand for the metal.
Nintendo Outsells Rivals Again, Sony Second
Nintendo continued to dominate rivals in the month of February, with new data showing the game-maker selling nearly twice as many game-consoles in the second month of the year.
Wheat Declines on Concern of Decreasing Demand for U.S. Grain
Wheat declined after the U.S. Department of Agriculture said that export sales increased by 51 percent last week, increasing forecasts that importers have enough grain until the next harvest begins in June.
Dollar falls to new record low
The dollar traded at a record low versus the euro on Thursday on concerns of continuing credit market turmoil and its possible effect on the U.S. economy.
Japan Stocks Plunged Accelerated By Weak Dollars
Japan stocks plunged over 3 percent Thursday, marking their lowest levels since August 2005 as the yen increased and fears of U.S. recession.
US gold scores $1,000 record high as dollar sinks in NY
Gold futures in New York surged above the historic $1,000 an ounce benchmark on Thursday, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand, prompting investors to enter the bullion market. Silver and platinum also gained.
Oil Rises to New Record at $111 on Falling Dollar
Oil prices rose slightly on Thursday after reaching a new record high of $111 a barrel as the dollar continued its steep decline.
U.S. Stocks Gain on S&P Prediction, Gold Soars Over $1,000 an ounce
U.S. stocks gained for the second day this week, with the Dow Industrials recovering from a steep 235 drop, after Standard & Poor's predicted banks might end its subprime mortgage write downs and gold soared over the $1,000 an ounce benchmark.
Natural Gas Weekly Update - Mar 13
Natural gas spot and futures prices generally increased this report week, as cold weather continued but showed signs of easing. During the report week, the Henry Hub spot price increased $0.32 per million Btu (MMBtu) to $9.69.
Gold smashes the $1,000 benchmark in NY
U.S. gold futures hit a record high of $1,00 an ounce on Thursday morning, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand.
AMD Phenom Processor Ships
Semiconductor company Advanced Micro Devices (AMD) said on Wednesday that it began to ship its triple-core computer processor, dubbed the Phenon, to manufacturers.
Copper Futures Climb after Dollar hits Record Low on Recession Worries
U.S. copper futures climbed today as the dollar slumped to a record low against the Euro amid a gloomy economy outlook.
Treasuries Rise on Doubts About Fed Credit Plan
Treasuries rose on Wednesday after investors had a change of heart regarding the Federal Reserve's move to boost lending to banks to ease the credit crisis may not work.
Stocks Rise on Fed Move, Oil Soars Above $110 a barrel
U.S. stocks lost earlier gains in afternoon trade on a weaker dollar and crude oil prices topped $110 a barrel, leading investors to safeguard profits from Tuesday's rally.
U.S. Crude Surges to $109.98 as Dollar Falls
U.S. crude oil prices surged near $110 a barrel on Wednesday after the dollar fell to a record low against the euro.
Wheat Gains as Demand Increases and Supply Decline
Wheat gained on Wednesday amid speculation that demand for the grain was increasing as global inventories decline.
This Week In Petroleum - Mar 12
When the weather forecast calls for a partly sunny day, will it be sunny where you are? Or, if the weather forecast calls for a chance of scattered showers, does that mean it will be raining at the park when you're planning to have a
Cocoa Declines as Strike continues in Ivory Coast
Cocoa declined in London on concerns that a strike in Ivory Coast, the world's largest cocoa grower, won't affect exports of the beans used to make chocolate.
Dollar Falls to Record Low on Doubts About Fed Plan
The U.S. dollar fell to a record low on Wednesday amid skepticism that a move by the Federal Reserve to ease a credit crunch will be effective.
Gold futures rise as dollar wilts
Gold futures closed with gains Wednesday, as the U.S. dollar fell to a record low against the euro.
Copper Ends Down as Dollar Recovers on Fed's Plan to Boost Economy
Copper prices closed down on Tuesday in New York after the dollar gained on a Federal Reserve attempt to stave off a recession in the U.S.
Google Plans to Reduce Employees at DoubleClick after the Acquisition
Google, on Tuesday, unveiled its plan to make an unspecified number of job cuts at DoubleClick Inc following the closure of its 3.2 billion acquisition deal of the advertising technology company.