U.S. consumer prices rose at their fastest pace in more than 1-1/2 years in February, driven by higher food and energy prices, a government report showed on Thursday, but underlying inflation pressures remained generally contained. The Labor Department said its Consumer Price Index rose 0.5 percent, the largest gain since June 2009, after increasing 0.4 [...]
Archive for the ‘Featured’ Category
Consumer prices rise at fastest pace in nearly two years
March 17th, 2011 
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Posted in Featured 
Tags: Consumer Price Index, Consumer prices, Economy, Labor Department, US economy 
No Comments »Wall Street slides amid fears over impact of Japan quake
March 14th, 2011 admin 
NEW YORK — Wall Street followed Japanese stocks lower Monday, as investors worried about the impact of Friday’s devastating earthquake and tsunami that laid waste to cities along Japan’s northeast coast, killing thousands and causing tens of billions of dollars in damage. The Dow Jones industrial average was lately down over 120 points. Shares in Europe [...]
Yes, the world still has plenty of oil, but
March 8th, 2011 admin 
Let’s get this straight: At the moment, the U.S. has plenty of oil. Let’s get another thing straight: The price of oil is likely to keep rising because of market psychology and buyer panic about Mideast turmoil. And there’s nothing you can do about it. To understand why, start with the fact that the price [...]
Luxury makes a comeback for the well-heeled
February 28th, 2011 admin 
During the dark days of the recession, it wasn’t so much that the nation’s wealthiest consumers didn’t have money as that they were less willing to part with it. These days, experts say the nation’s biggest spenders are loosening their purse strings.
Jobless claims fall to 2-1/2 year low
February 10th, 2011 admin 
The number of Americans filing for first-time unemployment benefits fell to the lowest level in more than 2-1/2 years last week, easing some of the disappointment about a weak monthly jobs report.
