Written by 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 »
Posts tagged US Economy
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 »
U.S. Consumer Prices Fall on Lower Energy Costs
Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices. READ MORE »
Recovery fears dog European shares; banks fall
* FTSEurofirst 300 index down 0.8 pct
* Banks, miners fall on growth worries
* Adidas pressured as Nike warns on costs READ MORE »
Gold Advances in New York as Investors Seek to Protect Wealth
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence. READ MORE »