AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
AFP - European stock markets fell sharply on Friday as record high crude prices above 125 dollars per barrel hurt oil-exposed airlines and heightened concerns about inflation and rising costs, dealers said.
Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
AP - Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
AP - Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange. -- read full article
Reuters - Fortress Investment Group LLC
reported a quarterly loss on Thursday and its share price fell
sharply after its hedge fund business suffered in turbulent
market conditions. -- read full article
Reuters - Stock index futures fell on Friday
after the world's largest insurer, American International Group
, posted record quarterly losses, and as the oil price
hit new heights.
AP - Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system.
AFP - Nervous Canadians are sitting on a record 45 billion dollars in cash instead of investing it, fearing volatility in stock markets, a Canadian bank said Wednesday.
Reuters - U.S. stocks ended lower on Wednesday,
with all three major indexes down more than 1 percent, on
concerns about inflation and higher interest rates as oil
jumped to a record above $123 a barrel. -- read full article
Reuters - Stock index futures edged up on
Thursday, pointing to a slim recovery on Wall Street from
strong losses in the previous session as investors turn their
attention to results from American International Group .
AP - Wall Street headed for a modestly higher open Thursday as investors waited to see if retailers' April sales figures would provide a sense of how consumers are faring in a climate of economic weakness and rising costs.