By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.
The Federal Reserve this week took steps to boost economic growth. But those stimulus
By SANDY SHOREAP Business Writer
The price of copper pushed higher Friday on a bet that it may be one of the first commodities to benefit if the U.S., Europe and China prove successful in building up their economies.
Copper for December delivery rose 12.25 cents, or 3.3 percent, to finish at $3
HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the U.S. remained unchanged this week at 1,864.
Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,413 rigs were exploring for oil and 448 were searching for gas. Three were listed as
By BRIAN MURPHY and NASSER KARIMIAssociated Press
TEHRAN, Iran (AP) - The Great Satan still sells in Iran.
Even after decades of diplomatic estrangement and tightening economic sanctions, American products manage to find their way into the Iranian marketplace. The routes are varied: back
By The Associated Press
NYSE PAYS FINE: The New York Stock Exchange is paying $5 million to settle federal civil charges that it gave some customers an unfair head start by providing them with trading data ahead of the wider public.
A FIRST: The action marked the first time the Securities and
NEW YORK (AP) - The dollar hit a four-month low against the euro Friday, a day after the Federal Reserve said that it will launch another round of bond purchases to help boost the U.S. economy.
The euro rose to $1.3117 late Friday from $1.2985 late Thursday. The euro rose as high as $1.3168 Friday
NEW YORK (AP) - Shares of gold mining companies rose a second day on higher gold prices after the Federal Reserve launched an open-ended, aggressive program designed to improve economic growth.
The companies benefit because they can sell gold at higher prices. But those gains will be offset, at
By The Associated Press
INVESTORS CHEER: The Fed's latest plan to spend billions on securities and keep interest rates near zero is being hailed by investors, but in Hong Kong, officials are worried about the local housing market overheating.
EXPENSIVE SPOT: Hong Kong is one of the most the
NEW YORK (AP) - The U.S. government is no longer the majority owner of American International Group Inc.
The bailed-out insurance company said Friday that the Treasury Department had wrapped up a planned sale of AIG stock, which netted the government roughly $20.7 billion.
The government's sale