Written by The euro rose against the dollar for a second day on speculation investors betting on a drop in the currency were forced to exit their trades as European sovereign- debt concern eased. READ MORE »
Posts tagged investments
Gold arrests slide made after EU rescue deal
Gold cut early losses of near 2 percent on Monday amid expectations a $1 trillion aid package aimed at alleviating the euro zone’s debt crisis could cement easier monetary policy, and potentially spark inflation. READ MORE »
Gilead Sciences Plans $5B Buyback Over Three Years
NEW YORK (Dow Jones)–Gilead Sciences Inc. (GILD) is planning to repurchase $5 billion of stock over three years in the wake of speculation about what the HIV treatment-focused company would do with its large cash pile. READ MORE »
Dollar, Yen Climb on Concern About European Banks, U.S. Growth
The dollar and the yen rose against their major counterparts as concern that Europe’s debt crisis is expanding and the U.S. economic recovery may be growing more slowly pushed investors to the safest currencies. READ MORE »
Wholesale Inventories in U.S. Rose 0.4% in April, Sales Up 0.7%
Inventories at U.S. wholesalers rose for a fourth month in April, accompanied by a jump in sales that signals companies will ramp up orders to meet demand. READ MORE »