|
|
|
Revenge of Tech Stock
Oct 13, 5:03 PM EDT |
|
| Third highest monthly trade deficit was registered in August at $59 billion. Initial claims of jobless jumped to 389,000. Crude oil inventory rises. |
|
| Another month, another trade deficit. This time it was $59 billion. Deficit with China accounted $18 billion and oil and energy related deficit was $22 billion. At the current pace of monthly deficit, the U.S. is set to record $710 billion deficit for the year 2005, highest ever. How long will it be before this catches up with the U.S. dollar? Shares of Apple Computer rose 10%. |
|
|
Full Story... |
Trade Deficit Sparks Inflation Fears
Oct 13, 1:42 PM EDT |
|
| Oil prices retreated below $63 a barrel on positive oil inventory report. Natural-gas futures decline by 2%. |
|
| A number of economic reports were released today. The Energy Department said that oil inventories rose by 1 million barrels in the week ending Oct 7, climbing to 306.4 million barrels. The Labor Department reported that September import prices index jumped 2.3%, the highest in 15 years. Export prices rose 0.1% after falling 0,1% in August. August trade deficit was recorded at $59 billion. Initial jobless for the previous week were reported at 389,000. |
|
|
Full Story... |
Trade Deficit at $59 Billion
Oct 13, 11:14 AM EDT |
|
| August trade deficit was recorded at $59 billion. Initial jobless for the previous week were reported at 389,000. |
|
| Oil inventories rose by 1 million barrels in the week ending Oct 7, climbing to 306.4 million barrels. September import prices index jumped 2.3%, the highest in 15 years. Export prices rose 0.1% after falling 0,1% in August. McDonald's Corp. released Q3 earnings outlook of 58 cents a share, exceeding expectations of 54 cents. The Web online engine Google and the cable company Comcast are to buy a stake in Warner Time's America Online for $5 billion. |
|
|
Full Story... |
Crude Oil Inventories Rise
Oct 13, 11:16 AM EDT |
|
| August trade deficit was recorded at $59 billion. Initial jobless for the previous week were reported at 389,000. |
|
| Asian markets finished broadly in the red, led by South Korea's Kospi, down 1.9% on tech stocks. The Nikkei lost 0.1%. European stocks traded lower at mid-day on interest rate and inflation concerns.McDonald's Corp. released Q3 earnings outlook of 58 cents a share, exceeding expectations of 54 cents. The Web online engine Google and the cable company Comcast are to buy a stake in Warner Time's America Online for $5 billion. September import prices index jumped 2.3%, the highest in 15 years. |
|
|
Full Story... |
1
 |
|
