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Thu, 12/30/2010 - 09:39 by Jacob Roche
You know about stocks and bonds, but there are a few other investment classes out there that most individuals don't think much about, especially as they relate to individual companies. One is foreign exchange, which I've already talked about. Another is commodities, probably the world's oldest investments. Almost every type of business relies on commodities in some way, making it important for every investor to think about the broad implications of how their companies operate.
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Thu, 12/09/2010 - 09:47 by Prince damin
New York -- Gold prices fell sharply Wednesday in New York, losing $26.10 or 1.8 percent, as equities scratched out slim gains and the dollar continued to rise.
The Dow Jones industrial average held its ground, adding 13.32 points or 0.12 percent. The Standard & Poor's index fared slightly better, gaining 0.37 percent, 4.53, to 1,228.28.
The dollar index, which rose 0.5 percent in the previous trading session, rose 0.17 percent Wednesday.
On the Comex division of the New York Mercantile Exchange gold dropped to $1,382.60 per troy ounce. Crude oil prices for January delivery lost 12 cents to $88.57 per barrel.
The euro fell to $1.3262 from Monday's $1.3274. Against the yen, the dollar rose to 84.02 yen from Monday's 82.66 yen.
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Sat, 12/04/2010 - 07:14 by Prince damin
Cchicago -- Grain futures closed sharply higher on the Chicago Board of Trade Friday with the dollar index down, making prices that much more attractive to foreign buyers.
Corn was up 16 to up 18 1/4, soybeans were up 19 to up 20 1/2, wheat was up 11 3/4 to up 31 1/2 and oats were up 5 1/4 to up 6.
Corn prices climbed with support from the dollar and from dry weather in Argentina. Wheat futures found support in reports a large percentage of Australia's crop could be downgraded to livestock feed status. Talk of China remaining active as a buyer helped soybean prices, which set the pace on increases Friday.
The prices:
Corn: Dec 5.59, up 18 1/4; Mar 5.73 1/2, up 18; May 5.80 1/2, up 17; Jly 5.84 1/2, up 16.
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Sat, 11/27/2010 - 10:11 by Dan Caplinger
When a country that's known for its appetite for hard currency gives you the cold shoulder, you know the world is changing. |
Fri, 11/19/2010 - 09:55 by Prince damin
New York -- Gold prices rose on the Comex division of the New York Mercantile Exchange, with the dollar declining broadly Thursday.
The dollar index fell 0.55 percent from 79.06 to 78.65. There were rare gains with the dollar climbing against the Japanese yen, the Indian rupee and the Swiss franc. Against other major currencies, the dollar fell.
Gold prices added $16.60 to $1,353.50 per troy ounce. Crude oil prices rose for the first time in five trading sessions, adding $1.82 to $82.48 per barrel.
The euro rose to $1.364 from Wednesday's $1.3515. Against the yen, the dollar rose to 83.48 yen from Tuesday's 83.33 yen.
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Thu, 11/18/2010 - 09:41 by Prince damin
Washington -- Gold prices dropped 0.1 percent on the Comex division of the New York Mercantile Exchange, despite little movement in the dollar Wednesday.
The dollar index fell 0.13 percent from 79.099 to 79.215. There were rare gains against foreign currencies with movement kept in check by concerns over the bank crisis in Ireland checked by a Bureau of Labor Statistics report that said U.S. consumer prices rose 0.2 percent in October.
Gold prices lost $3.70 to $1,334.70 per troy ounce. Crude oil prices dropped for the fourth consecutive trading session, losing $1.97 to $80.37 per barrel.
The euro, down early, rose to $1.3522 from Tuesday's $1.3489. Against the yen, the dollar lost ground, dropping to 83.23 yen from Tuesday's 83.30 yen.
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Fri, 11/12/2010 - 10:28 by Prince damin
New York -- Gold prices gained $4 to $1,408.30 per troy ounce in New York Thursday as equities fell on Wall Street and the dollar fell broadly.
Crude oil prices on the New York Mercantile Exchange held steady, closing at $87.71 per barrel, down 20 cents from a morning settlement.
The euro fell to $1.3664 from Wednesday's $1.3779. Against the yen, the dollar rose to 82.50 yen from Wednesday's 82.32 yen.
Against the Hong Kong dollar, the U.S. standard dropped to 7.7511 Hong Kong dollars from 7.7514. Against the Singapore dollar, the greenback fell from 1.2898 to 1.2891.
The British pound rose to 1.6117 from 1.6114. The Australia dollar fell to 0.997 from 0.9985.
Copyright 2010 United Press International, Inc. (UPI).
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Fri, 11/12/2010 - 00:48 by Prince damin
Washington -- U.S. Treasury Secretary Timothy Geithner said Thursday the United States has not tried to undermine the dollar for a trade advantage -- and never would.
In a CNBC interview, Geithner said, "The United States would never do that. We will never seek to weaken our currency as a tool to gain competitive advantage or grow the economy. It's not an effective
strategy for any country and it's not for the United States."
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Tue, 11/09/2010 - 11:18 by Matthew Brown
I'll gladly pay you Tuesday for a hamburger today, especially if your company offers short-term cash advances, check-cashing, and pawn loans. Dollar Financial Group (Nasdaq: DLLR) paid its shareholders with more than burgers, reporting strong growth in revenue and cash flow in the fiscal first quarter, and frying the competition with its broadly diversified product mix. |
Sat, 11/06/2010 - 09:45 by Prince damin
Lower Trubo, Nova Scotia -- A Canadian couple say they don't regret blowing through their $11.2 million lottery winnings because they gave their sudden bounty away.
Violet Large, who with her husband, Allen, hit the multimillion-dollar winner in July, said, "What you've never had, you never miss," the LotteryPost.com reported.
Since the Larges don't live large in Lower Truro, Nova Scotia, they decided to give their winnings to family and organizations.
"We have an old house, but we're comfortable and we're happy in it," the 78-year-old Violet Large said of their philanthropic decision about their Lotto 6-49 winnings.
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Thu, 11/04/2010 - 23:41 by Prince damin
New York -- Crude oil prices topped $86 per barrel overnight as investors in Asia and Europe reacted to the U.S. Federal Reserves $600 billion Treasury purchasing program.
The Fed said it would spend $75 billion a month through June, a larger sum than many had anticipated. The move has the likely effect of weakening the U.S. dollar, which would help U.S. exporters and drive up prices of imports, like oil, which is priced in U.S. currency.
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Thu, 11/04/2010 - 12:55 by Jim Mueller
My colleagues Tim Hanson and Brian Richards have done their best to scare you about a falling dollar. And with the articles behind headlines like "Get Out Now!" and "Read This Because the Dollar Is Doomed," they've made their point. |
