Archive for August 14th, 2008
« Previous EntriesGas fuels inflation - little relief in sight
Thursday, August 14th, 2008Prices soared in July on the back of record oil. Now, after witnessing the sharp drop in the cost of crude, Americans are hoping for relief in August. They may be sorely disappointed.
Bonds edge lower as stocks climb
Thursday, August 14th, 2008Bond prices fell late Thursday as investors ventured back into the stock market to scoop up battered shares at bargain prices.
Stock gains powered by lower oil
Thursday, August 14th, 2008Lower oil prices helped fire up a stock market advance Thursday, as investors looked beyond the morning’s big spike in consumer inflation and opted to scoop up shares hit in the recent retreat.
Dollar rises to 6-month high vs. euro
Thursday, August 14th, 2008The dollar continued to rally against the euro Thursday - soaring to a 6-month high - and against other currencies, as investors offered a mixed reaction to soaring U.S. inflation.
Nordstrom’s profits fall 21%
Thursday, August 14th, 2008Read full story for latest details.