Oil prices continued a three-day decline Tuesday on concerns that a slow global economy would lead to weak demand. All together, prices have fallen some 6% since late last week.
Continue reading Economic Concer…
The Dow tumbled Tuesday as part of a global sell-off in stocks fueled by further speculation that China will hike interest rates to fight inflation and renewed worries over the wobbly finances of Ireland, Portugal and Greece.
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Adjusted for inflation, the current stock market hasn’t recovered nearly as much as it seems if you look at only nominal prices. At best, you’ve gained just 3.6%. But more likely, you’re down by some 23%. And if you measure the…
For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar’s influence, especially now, when the Fed’s stimulus actions are pushing the dollar lower, and everything else h…
The U.S. Interior Department has accused the White House of misrepresenting scientists’ views to imply they were in favor of an oil-drilling ban. In actuality, the scientists hadn’t been asked for their opinions on whether the …