Yahoo! News: Economy News
Updated : Tue, 13 May 2008 17:20:39 GMT
Financial conditions better, still far from normal: Bernanke (AFP)
AFP - Federal Reserve chairman Ben Bernanke said Tuesday financial markets are still "far from normal" but have improved as a result of the extraordinary liquidity measures of the US and other central banks.
Publ.Date: Tue, 13 May 2008 13:33:26 GMT
Source: Yahoo.com
Stocks decline after retail sales report, oil spikes (AP)
AP - Wall Street pulled back Tuesday after a report on retail sales and comments from Federal Reserve Chairman Ben Bernanke gave investors little incentive to extend the previous session's big advance. Record oil and gas prices added to the selling.
Publ.Date: Tue, 13 May 2008 17:20:39 GMT
Source: Yahoo.com
Iran report pushes oil to new record, gas jumps above $3.73 (AP)
AP - Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.
Publ.Date: Tue, 13 May 2008 16:59:29 GMT
Source: Yahoo.com
Retail sales dip for second time in 2 months (AP)
AP - Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.
Publ.Date: Tue, 13 May 2008 16:44:23 GMT
Source: Yahoo.com
Retail sales firm outside auto sector (Reuters)
Reuters - Total sales at retailers weakened modestly in April, but outside the hard-pressed auto sector they were more resilient than many economists had forecast, a government report showed on Tuesday.
Publ.Date: Tue, 13 May 2008 15:20:06 GMT
Source: Yahoo.com
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