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After several days of constant fretting about the health of the global recovery and worries over the prospects of corporate earnings, something finally gave way on Wednesday.
Copper's price action has some unique dynamics due to shift of economic growth from the West to the East.
July 10 (Bloomberg) -- U.S. stock-index futures dropped, indicating the Standard & Poor’s 500 Index may extend its fourth straight weekly retreat, the longest stretch of declines since March.
July 10 (Bloomberg) -- The yen and Treasuries rose on speculation the global economic recovery is faltering while stocks fell in Europe after Renault SA Chief Executive Officer Carlos Ghosn ruled out a rebound before 2011.
July 10 (Bloomberg) -- European stocks retreated as the Dow Jones Stoxx 600 Index headed for a fourth straight weekly drop. U.S. index futures slid. DnB NOR ASA retreated 3.7 percent after Norway’s largest bank reported reduced profit on increased loan writedowns.
July 10 (Bloomberg) -- The worst recession in half a century may be prolonged because consumers see few signs job losses and declines in home prices are ending, economists Nouriel Roubini and Robert Shiller said.
July 10 (Bloomberg) -- Asian stocks headed for a second weekly drop as declines among shipping companies and Japanese property developers offset gains by consumer and mining shares.
July 10 (Bloomberg) -- European stocks fell, extending the Dow Jones Stoxx 600 Index’s fourth straight weekly drop, as Renault SA said 2010 will be “as difficult as” this year. U.S. index futures slid, while Asian shares fluctuated.
(ARA) - Many doors are closing due to the economy, but certain windows are becoming easier to open. The 2009/2010 tax credit for energy efficient replacement windows, one of 10 provisions of the American Recovery and Reinvestment Act, is helping homeowners to remodel America one house at a time.
Centennial Airport has been awarded a $1.5 million federal grant to purchase a high-tech noise-monitoring system. The airport received official word on July 1 from the office of Sen. Mark Udall, D-Colorado.
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