Stocks could use a holiday during the coming Memorial Day-shortened week from the escalating energy prices and inflationary data that have dogged the equities market, fueling persistent worries about the ailing U.S. economy.
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The Tel Aviv Stock Exchange indexes flashed brightly red on Sunday, led by drops in the banks and Teva Pharmaceutical, following a stronger-than-expected economic-growth report, and ahead of an expected interest-rate increase.
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U.S. stocks rose in morning trade Thursday, with investors cheering oil backing off from record highs above $135 a barrel and a drop in jobless claims after two days of heavy losses.
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The union representing striking Silicon Valley janitors says that workers at Intel and Stanford University are joining picket lines as the labor action enters its third day.
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The dollar gets lifted by major rivals after better-than-expected weekly jobs data, but upside remains limited as crude-oil futures surge to another record high and data show U.S. home prices fell in the first quarter.
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Asian stocks trade sharply lower, with a stronger yen and record crude oil prices pressuring industrial stocks and exporters in Tokyo, while banks and miners are among decliners in Sydney.
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Mexico’s stock exchange operator says it’s ready to go public in its home market and in the U.S. next month in an offering that could raise as much as 4.6 billion pesos, or about $444 million.
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We all know inflation has been a big financial punch in the stomach, with food costs up 5% and energy up 29%. But how much will those increases cost you in actual dollars spent? $500?
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SAN FRANCISCO (MarketWatch) — Vietnam, the world’s second-largest rice exporter, reportedly may lift restrictions on rice exports in July, a move that could potentially ease global rice markets and dampen rice prices, which hit a record high in April.
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It’s been nearly two decades since Indiana Jones graced the silver screen and while times have changed, the initial box-office draw of the aging adventurer is expected to be as strong as ever.
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