Shockingly Weak Job Creation In May Hammers Stocks
A shockingly weak jobs report hammered U.S. equities Friday, as major stock indexes headed for their worst loss of the year and erased all of their 2012 gains.
Shares of Gold Miners Shoot Higher as Metal Regains Safe-Haven Status
Shares of big gold mining companies rocketed higher Friday as the yellow metal regained its status as a safe-haven amid growing fear that the American economy may not be able to offset the combined drag of the euro zone crisis and sharply decelerating growth in China and India.
US Stocks Follow Global Equities Down After Grim American Jobs Report
U.S. stocks followed global equities down Friday as fears mount that the American economy may not be able to offset the combined drag of the euro zone crisis and sharply decelerating growth in China and India.
US Stock Futures Plunge On Dismal May Jobs Report
U.S. stock futures plunged Friday after a surprisingly weak nonfarm payrolls report raised fears that the nation's nascent recovery may be losing steam and raising the possibility that the Federal Reserve may opt for economic stimulus measures.
BP To Sell Stake In TNK-BP, May Be Worth $30B+
BP PLC is selling its stake in Russia-based crude oil and natural gas venture TNK-BP after receiving a unsolicited indications of interest regarding the potential acquisition, the British company said Friday.
Industrial Commodities, Stocks Drop; Gold Posts Surprise Gain
Crude oil prices slid more than 3 percent Wednesday on fears of a slowdown in global economic growth. U.S. stocks also closed lower, with major indexes all down more than 1 percent and yields on the benchmark 10-year Treasury sank to a record 1.64 percent.
Industrial Commodities, Stocks Plunge On Global Slowdown Fears
Industrial commodities and global stocks fell sharply Wednesday as evidence mounted that the global economy's highfliers are dangerously close to stall speed. Yields on 10-year Treasuries tumbled to a record low 1.64 percent.
A Dragon By The Tail (In Outer Space): SpaceX Makes It To Space Station
Space Exploration Technologies Corp. has become the first non-governmental agency to fly to the International Space Station and dock with orbiting laboratory.
US Treasury Declines To Call China A Currency 'Manipulator'
The U.S. Treasury declined Friday to name China as a currency manipulator, a move that is likely to intensify an already hot debate in the U.S. presidential campaigning.
Asian Stocks Mixed, European Shares Up, US Futures Higher
Asian stocks closed mixed Thursday on weak Chinese manufacturing data, while European shares rose and U.S. futures pointed to a higher opening on hope that a U.S. durables goods report for April will be strong.
Stocks Post Late-Session Recovery: Daily Markets Wrap
U.S. stocks cut losses late in Wednesday's trading session, with two key indexes barely squeaking into positive territory on the strength of surging commodities prices and the shares of companies that produce them.
Global Stocks Fall On Fears Of Greek Exit From Euro Zone
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
Gold Prices Rise More Than 1%
Gold rose more than 1 percent on Friday, building on the previous session's hefty gains, as a recovery in the euro prompted fresh buying of the precious metal after prices slid to five-month lows earlier this week.
Spot Gold Prices Rally For 2.6% Gain
Spot gold rallied more than 2.6 percent on Thursday, its largest one-day gain since late January, as technical buy signals and new signs of a sluggish U.S. economy more than offset deepening despair over the euro zone.
Greece Fears Drive Down Global Industrial Commodities Prices
Commodities prices fell Wednesday as investors, preparing for the fallout from an expected Greek exit from the euro zone, abandoned industrial and precious metals for the safety of German and U.S. government debt.
Global Markets Signal Imminent Greek Departure From Euro Zone
Signs that a Greek departure from the euro zone has become inevitable proliferated worldwide Wednesday with Hong Kong's main stock index plunging more than 3 percent, bank runs in Athens and Britain's central bank finalizing contingency plans for a euro zone breakup.
Risk-On Sentiment Evaporates In Final Two Hours Of Session: Daily Markets Wrap
Investors spent most of Tuesday tip-toeing back into risky assets before suddenly losing their nerve about two hours before the closing bell and retreating, for the second day in a row, to German bunds and U.S. Treasurys.
Greek Coalition Talks, As Yet Unsuccessful, Near End
The president of Greece late Monday summoned the heads of leading political parties in an apparently last-chance bid to cobble together a coalition government and avoid national elections in June.
Gold Prices Tumble To Four-Month Low
Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
European Stocks Plunge On Expectations Greece To Leave Euro Zone
European stocks plunged Monday as fears that Greece will leave the euro zone turned into a virtual consensus about the debt-choked nation's departure. The downdraft also hammered U.S. stocks, which opened sharply lower.
Gold Prices Drop To Four-Month Low
Gold prices fell to a four-month low on Friday as worries over the financial health of Greeceand Spain and huge trading losses for JPMorgan hurt stock markets and the euro, prompting investors to seek refuge in the dollar.
P&G Moves Leaders of Skin Care, Cosmetics, Personal Care Unit To Singapore
The Procter & Gamble Company (NYSE: PG), which makes CoverGirl makeup, Olay products and Secret deodorant, will transfer the leaders of its global skin care, cosmetics and personal care unit to Singapore from Cincinnati, Ohio, the company said Thursday.
Avion Gold Cuts Production Outlook
Avion Gold Corp lowered its production forecast for the year after it halted mill expansion plans at its Tabakoto mine in Mali due to a military coup.
Gold Prices Steady In European Trading
Gold steadied in Europe on Thursday after falling to a four-month low in the previous session, as an uptick in the euro after Spain moved to clean up its banks and Europe's bailout fund approved a key payment to Greece took some pressure off prices.
US, European Stocks And Commodities Plunging On Greek Uncertainty
U.S. and European stocks as well as commodities fell hard Tuesday on worries about the effect of a possible Greek departure from the euro zone.
Gold Prices Fall On Weaker Euro
Gold fell for a second day on Tuesday, under pressure from the slide in the euro on the back of political uncertainty in Greece and a change of president in France, while Chinese import figures did little to offset the impact of the weaker currency.
Small Business 'Optimism' Survey Up More Than Expected
Small business optimism in the U.S. rose more than expected in April, as companies increased plans to hire and invest, according to a private study released on Tuesday.
Gold Prices Ease After French, Greek Elections
Gold eased on Monday after elections results in France and Greece that reflected strong anti-austerity feeling raised concerns over the euro zone's ability to battle its debt crisis, knocking the euro to a three-month low against the dollar.
Palladium Supply Worldwide To Remain In Deficit This Year: Survey
The global supply of palladium is expected to remain in deficit this year, as it was last year, Thomson Reuters GFMS said Thursday.
Euro Stocks Drop On Prospect Of Socialist Leading France
European stocks plunged Friday on fears a victory by the Socialist candidate in France's presidential election could upend prospects of setting the continent's second-largest economy on a sound footing.
