CBO: Budget deficit hit record $1.4T in 2009 thanks to recession-fed drop in revenue, bailoutsWASHINGTON — The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday. Gold prices gain momentum, hit new high even as dollar rebounds; Oil falls, while grains riseNEW YORK — Gold prices extended their rally Wednesday, climbing to fresh highs even as the dollar recouped some of its losses. Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. Stocks finish mixed after 2 days of gains as investors wait for Alcoa; Dollar reboundsNEW YORK — After two big days, it was time for the stock market to take a break. Banco Santander, Verisk attract $10 billion through IPOs as market shows more signs of thawNEW YORK — There is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the credit crisis as two new issues raised a combined $10 billion Wednesday. Oil prices fall below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. Oil falls below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Stocks slip after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Investors waiting for earnings reports to start in earnest sent stocks modestly lower Wednesday following a two-day spike. Regulators ask Congress to revamp proposal and tighten oversight of derivativesWASHINGTON — Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives, complex financial instruments blamed by regulators for hastening the financial crisis. Republican lawmakers contend the measure already could eliminate jobs and stifle companies’ ability to manage risks. Stock trading is muted after 2 days of gains as market waits for Alcoa; Dollar reboundsNEW YORK — Stocks are wavering after a two-day spike as the dollar rebounds and traders await corporate profit reports. Oil rises slightly after government reports crude supplies drop unexpectedlyNEW YORK — Oil prices rose Wednesday after the government reported an unexpected drop in crude supplies. Verisk Analytics shares soar immediately in trading debut; offering price higher than expectedNEW YORK — Shares of Verisk Analytics Inc., an insurance data specialist that first signaled that it planned to offer shares to the public shortly before the collapse of Lehman Brothers, soared Wednesday in their trading debut. Energy Dept. says crude oil inventories fell last week while gas stockpiles roseNEW YORK — Crude inventories fell last week, while gasoline supplies grew, the government said Wednesday. Oil up to near $71 in afternoon European trading on increased optimism over global recoveryVIENNA — Oil prices hovered near $71 a barrel Wednesday as the market awaited new U.S. inventory figures amid increased optimism that a global economic recovery will boost crude demand. Stocks fall in early trading as dollar strengthens; investors await corporate earnings reportsNEW YORK — Stocks fell after a two-day spike as the dollar rebounded and traders awaited corporate profit reports. Greece’s new Socialist PM promises Greeks ‘time to breathe’ before they face economic crisisATHENS, Greece — Greece’s new Socialist prime minister took charge Wednesday, promising Greeks “time to breathe” before they face the realities of a rapidly cooling economy compromised by high state spending and a soaring public debt. Stocks mixed in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks were mixed in morning trading Wednesday as investors await the kickoff of earnings season, and as the dollar strengthened. Stocks slide in early trading as dollar strengthens; investors await start of earnings seasonNEW YORK — Stocks are slipping in early trading as investors await the kickoff of earnings season and as the dollar strengthened. European markets drift lower as third quarter earnings season starts in earnestLONDON — European stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season. Stock futures indicate higher open as investors build momentum heading into earnings seasonNEW YORK — Stock futures are pointing to another higher opening Wednesday as investors continue to build momentum heading into earnings season. Asian stock markets extend gains amid renewed faith in global recovery; Europe little changedHONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. European shares were little changed. Asian stock markets extend gains amid renewed faith in global recovery; oil rises above $71HONG KONG — Asian stock markets and oil prices extended their advance Wednesday amid renewed faith a recovery in the global economy was sustainable. Oil rises above $71 in Asia on increased optimism over global economic recovery
Gold prices surge to new all-time high as dollar tumbles, investors seek inflation hedgeNEW YORK — Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Boeing, MGM Mirage, Corning, Avocent, Pepsi Bottling Groupare among big market movers TuesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: Bredesen: US Senate health care reform bill could cost Tenn. $735M over 5 yearsNASHVILLE, Tenn. — Tennessee Gov. Phil Bredesen said Tuesday a health care reform proposal in the U.S. Senate could cost the state more than $730 million. Dow jumps 132 points as hopes grow for strengthening in corporate profits, global economyNEW YORK — The stock market got a big lift from a faraway place: Australia. Insurers AIG, Hartford, Travelers look to cash in as Verisk Analytics IPO expected WednesdayCHARLOTTE, N.C. — Insurance data specialist Verisk Analytics Inc. shares are set to debut Wednesday, and a handful of insurance giants, including government-supported American International Group Inc., are looking to cash in their shares. Brazilian president lifts nation to new world stage with unprecedented Olympic victoryRIO DE JANEIRO — He is the Pele of politics, knighted the “most popular politician on Earth” by another contender for the title — Barack Obama. |
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Oil above $71 on optimism over economic recovery
