Group of 7 finance ministers warns of fragile recovery and against complacencyISTANBUL — The world economy is growing again, but the recovery remains fragile, according to the finance ministers from the Group of Seven rich countries. Group of 7 finance ministers meet amid questions about dollar’s roleISTANBUL — Finance ministers from the Group of Seven rich countries gathered Saturday to confront concerns about the dollar, in a forum whose role is under question as developing countries get more say. Venezuela predicts 2010 economic growth at 0.5 percent, inflation at 22 percent or lessCARACAS, Venezuela — President Hugo Chavez said Friday that Venezuela will base its 2010 budget on expectations of 0.5 percent economic growth and inflation no higher than 22 percent, despite depressed world prices for oil, the nation’s biggest export. Disappointing jobs data saps demand for most commodities; Gold inches higher on weak dollarNEW YORK — A disappointing jobs report sapped demand for most commodities Friday, but gold prices eked out a small gain as the dollar weakened. Treasury prices give back some of their big gains Friday, ahead of upcoming auctionsNEW YORK — Treasurys on Friday gave up some of the previous day’s big gains as investors locked in profits ahead of a big round of auctions next week. Stocks pare early losses as investors see bargains after disappointing jobs reportNEW YORK — Stocks pared early losses and edged lower Friday after a disappointing monthly jobs report brought fresh concerns that a recovery in the troubled labor market may be a long way off. Japan’s unemployment rate at 5.5 percent in August, down from record highTOKYO — Japan’s jobless rate fell and household spending climbed in August — a double dose of good news for the world’s No. 2 economy though it may not last. Treasurys start 4th quarter with banner day as stocks tumble; 10-year yield hits 5-month lowNEW YORK — Demand for long-term Treasurys soared Thursday, sending yields to levels not seen since the spring, as stocks tumbled on disappointing manufacturing and jobs data. Stocks tumble after disappointing report on manufacturing, job market overshadow upbeat newsNEW YORK — Stocks began the fourth quarter with a slide as pessimism about the economy gripped investors. Government reports US is storing more natural gas than ever; prices tumble more than 7 percentNEW YORK — Natural gas prices tumbled nearly 8 percent Thursday after the government reported consumption has dropped so low that the U.S. is now storing more than at any other time on record. Stocks fall further after disappointing report on manufacturing overshadows rise in home salesNEW YORK — Stocks began the fourth quarter on a down note Thursday, falling sharply amid more signs that the economy’s recovery will be slow and bumpy. ISM: manufacturing sector grew for 2nd straight month in Sept.; pace of new orders slowsNEW YORK — A private measure of the manufacturing sector grew for a second straight month in September, but at a slower pace than in August, another sign pointing to a bumpy economic recovery. Pending home sales rise for seventh straight month in August to highest level since March 2007WASHINGTON — Aspiring homebuyers rushed to take advantage of a tax credit for first-time owners that expires in November, driving up the number of signed sales contracts for the seventh straight month in August. Stock futures remain weak after mixed personal income, weekly jobs dataThe stock market headed toward a lower open Thursday after two government reports suggested the economy is still poised for a slow recovery. Consumer spending surges by largest amount in nearly 8 years in August but incomes lagWASHINGTON — Consumer spending, propelled by the wildly popular Cash for Clunkers auto sales program, shot up in August by the largest amount in nearly eight years even though personal incomes continued to lag. Stock futures head lower ahead of manufacturing, personal income data; corporate news weighsThe stock market headed toward a lower open Thursday as investors warily await a flood of key economic data. Business confidence in Japan up for second quarter, though weakness persistsTOKYO — Japanese companies are feeling more confident about business for the second straight quarter. They just don’t want to build new factories or hire more workers yet. Disappointing report on Midwestern manufacturing upsets stock market rally; Dow off 70NEW YORK — The stock market has ended a strong third quarter with trading that reflected investors’ mixed emotions about the economy. Oil prices rise over $70 after government reports surprise drop in US gasoline supplyNEW YORK — Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year. Stocks bounce back after early selling on disappointing Midwestern manufacturing reportNEW YORK — Investors shook off their disappointment with a weak regional economic report Wednesday and resumed buying stocks on the final day of a stellar quarter. Oil prices rise after government reports unexpected drop in US gasoline supplyNEW YORK — Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year. Stocks slide on last day of quarter after disappointing Midwestern manufacturing reportNEW YORK — A surprise drop in a key regional economic indicator sent stocks reeling Wednesday, with the Dow Jones industrials sliding more than 80 points. Stocks open higher as investors digest update on GDP, employment dataWall Street advanced Wednesday on the last day of the quarter, as investors received another sign the recession is ending. Euro inflation sinks deeper into negative territory at minus 0.3 in SeptemberBRUSSELS — Yearly inflation in the 16 nations that use the euro slipped deeper into negative territory in September, sliding to minus 0.3 percent from minus 0.2 percent in August, according to the EU statistics agency Eurostat. US stock futures point to higher open ahead of updates on employment and GDP dataStock futures are moving higher after a better than expected government report suggests that the recession is ending. Fisher: Fed will need to move quickly when time comes to boost rates, battle inflationWASHINGTON — To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, a Fed official warned Tuesday. Officials: Fed will need to move quickly when time comes to boost rates, battle inflationWASHINGTON — To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday. Treasurys rise for 5th straight day even as stocks rebound; investors cautious ahead of dataNEW YORK — Treasury prices rose slightly Monday, extending recent gains even as investors moved back into stocks. Commodities hold steady after reports show drop in consumer confidence, rise in home pricesNEW YORK — Investors are holding back on making any big bets on commodities amid mixed signals on the economy. Treasurys fall as reports on consumer confidence, housing offer mixed view of the economyNEW YORK — Treasury prices mostly fell Tuesday following mixed data on consumer confidence and housing, two areas that are central to a recovery in the economy. |
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