Stocks slide as World Bank slashes 2009 forecast for global economy; Dow industrials drop 201NEW YORK — A surprisingly bleak forecast for the world economy pushed stocks to their biggest loss in two months. Stocks slide as World Bank reduces 2009 forecast for global economy; Dow industrials drop 201NEW YORK — A surprisingly bleak forecast for the world economy sent stocks tumbling. Prices for metals, oil, other commodities tumble as World Bank lowers outlook on economyNEW YORK — Commodity prices suffered deep losses Monday as a gloomier outlook on the economy from the World Bank dampened investors’ optimism that the recession will end soon. Dollar gains after World Bank cuts growth forecast as investors await results of Fed meetingNEW YORK — The dollar strengthened Monday ahead of the Federal Reserve’s meeting later this week as the World Bank downgraded its assessment of the global economy, ramping up interest in the “safe” greenback. World markets weighed down by World Bank warning of deeper than anticipated slumpLONDON — European and U.S. stock markets fell Monday as investors worried about the global economic outlook after the World Bank warned that the downturn would be deeper than it previously predicted. European markets down as World Bank warns of deeper than anticipated global slumpLONDON — European stock markets fell Monday ahead of an expected drop at the U.S. open as investors worried about the global economic outlook after the World Bank warned that the downturn would be deeper than it previously predicted. World Bank cuts 2009 global growth forecast, says world economy to shrink by 2.9 percentBEIJING — The World Bank has cut its 2009 global growth forecast, saying the world economy will shrink by 2.9 percent and warning that a drop in investment in developing countries will increase poverty. Stocks move higher as Treasury Secretary Geithner unveils more details of financial regulationNEW YORK — Investors are piling back into financial shares, breaking from from three days of selling and leading the stock market higher. World Bank raises China 2009 growth forecast but says too soon to say recovery on the wayBEIJING — The World Bank raised its 2009 economic growth forecast for China from 6.5 percent to 7.2 percent due to its stimulus-driven investment boom but cautioned Thursday it was too soon to say a sustained recovery was on the way. Stocks slip after FedEx forecast, bank downgrades; Inflation rises less than expectedNEW YORK — A cautious forecast from FedEx Corp. and a ratings downgrade of 18 banks gave investors new reasons to worry about the economy. Stocks fluctuate in tight range on cautious FedEx forecast; inflation rises less than expectedNEW YORK — A cautious forecast from FedEx Corp. and a downgrade of 18 banks from a credit rating agency are giving investors new reasons to worry about the economy. Stocks point mostly lower ahead of reports on inflation, trade; Fedex forecast disappointsNEW YORK — Investors are finding more reason for caution as questions linger over how quickly the economy can bounce back. Oil slips to near $71 as market takes profit, but mood is bullish on improving economic dataVIENNA — Oil prices slipped to near $71 a barrel Friday as the crude market took a breather from its recent daily gains. But the mood remained bullish as investors eyed signs that the global recession may be easing. Oil slips below $72 as market takes profit but mood is bullish on improving economic dataVIENNA — Oil prices slipped below $72 a barrel Friday as the crude market took a breather from its recent daily gains. But the mood remained bullish as investors eyed signs that the global recession may be easing. China’s retail sales, bank lending industrial output rise in May amid stimulus spendingBEIJING — China’s retail sales, bank lending and industrial output grew in May as the government spent heavily on a stimulus to boost the world’s third-largest economy as exports plunged, data showed Friday. Boeing reduces 20-year forecast for commercial airplane market, citing global recessionAerospace giant Boeing Co. has lowered its 20-year forecast for the commercial airplane market, citing the global recession, declining air traffic and unpredictable fuel prices. Stocks fall as weak 10-year note auction raises worries about government’s debt loadNEW YORK — Worries about rising inflation and interest rates are putting pressure on stocks and bonds. Stocks fall modestly as oil hits high for the year, Home Depot gives upbeat earnings forecastNEW YORK — Investors are biding their time, encouraged by rising commodity prices but hesitant ahead of regional economic data. Stocks fluctuate as oil hits high for the year, Home Depot gives more upbeat earnings forecastNEW YORK — Investors bided their time Wednesday, encouraged by rising commodity prices but hesitant about making big moves ahead of regional economic data. Stocks advance as oil hits high for the year, Home Depot issues upbeat earnings forecastNEW YORK — Stocks are higher as rising oil prices lift commodity stocks. President Obama’s new ‘accelerated’ recovery plan is neither new nor acceleratedWASHINGTON — President Barack Obama is promising some exciting coming attractions for his stimulus plan. But it turns out they’re just summer reruns. SPIN METER: Obama’s new ‘accelerated’ recovery plan is neither new nor acceleratedWASHINGTON — President Barack Obama is promising some exciting coming attractions for his stimulus plan. But it turns out they’re just summer reruns. Obama defends revival plan, says it will provide 600,000 jobs this summer despite jobless riseWASHINGTON — President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history. STIMULUS WATCH: New orders stabilize bus industry, but how to measure success in saved jobs?WASHINGTON — Washington is paying hundreds of millions of dollars to build new, cleaner-burning buses, but don’t scour the want ads looking for a burst of job openings soon at major manufacturers or suppliers. Dollar jumps as US jobs data indicates slowdown in wave of layoffs; Germany forecast weakerNEW YORK — The dollar leapt against the major currencies Friday, regaining some of its losses from this week as jobs data from the U.S. showed a jump in the unemployment rate but indicated a deceleration in layoffs. New US jobs data sends oil prices above $70 per barrelVIENNA — Oil prices are spiking above $70 per barrel for the first time since October. Economy dips at a 5.7 percent pace in first quarter; analysts believe economy doing better nowWASHINGTON — The economy sank at a 5.7 percent pace as the brute force of the recession carried over into the start of the year. However, many analysts believe activity isn’t shrinking nearly as much now as the downturn flashes signs of letting up. International Energy Agency says 2009 to see sharpest drop in oil demand since 1981PARIS — Oil consumption will this year fall at the sharpest pace since 1981 due to the crisis afflicting world economies, the International Energy Agency said Thursday as it made new cuts to its forecast for crude demand. Government defends forecasts that Australian economy will rapidly grow after mild recessionCANBERRA, Australia — The government on Wednesday defended as conservative forecasts that Australia’s economy will grow rapidly once it emerges from a mild two-year recession. Treasurer says Australian economy forecast to grow 2.25 percent in fiscal 2010-11CANBERRA, Australia — Treasurer Wayne Swan says the Australian economy is forecast to shrink half a percentage point in the next fiscal year then rebound to 2.25 percent growth in the following 2010-11 fiscal year. |
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