Economy Watch: May 16, 2010 - May 22, 2010
Stocks stage closing rally to finish up at end of wild day
UPDATED at 4:08 p.m.: Stocks staged a big rally to finish out a wild ride that began with a massive drop as the Dow dipped below 10,000 followed by a defiant rally. The Dow closed up 1.3 percent at 10,194.97....
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Frank Ahrens
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May 21, 2010; 4:08 PM ET |
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Wall Street
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Stocks plunge at closing, hitting their lowest point since February
UPDATED at 4:18 p.m.: Stocks crashed at closing, closing at their lowest point since February. The Dow suffered the biggest one-day percentage drop since the crash of March 2009. The Dow closed down 3.6 percent at 10,068.01, coming very close...
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Frank Ahrens
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May 20, 2010; 4:18 PM ET |
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Data
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Unemployment
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Wall Street
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Fragile U.S. economy faces threats from both hemispheres
The fragile U.S. recovery is now facing economic threats from both the Eastern and Western hemispheres: As the eurozone union appears to be on the verge of cracking apart, Thailand is just putting out the flames of an internal revolt...
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Frank Ahrens
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May 20, 2010; 3:15 PM ET |
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Deficit/debt
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The Ticker
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New weekly jobless claims rise by 25,000, surprising forecasters
New jobless claims filed last week rose by 25,000 to 471,000, the government reported moments ago, defying predictions that they would drop. It's the largest rise in three months. The four-week moving average of new jobless claims, which smooths out...
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Frank Ahrens
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May 20, 2010; 8:52 AM ET |
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Unemployment
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Another bad day for stocks. Thanks, Europe.
Europe continues to hammer U.S. stocks, as Wall Street fears about the Continent move beyond the possibility of the debt contagion and onto broader concerns about Europe's overall economic stability. In midday trading, the Dow is down 1 percent. The...
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Frank Ahrens
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May 19, 2010; 12:36 PM ET |
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Wall Street
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Video: Talking about the dangerous lure of gold and new trading rules, and taking your questions
{"movie":"http://media10.washingtonpost.com/wp/swf/OmniPlayer.swf","id":"oplayer-video-swf","width":"454", height:"255","vars":{"title":"Economy Dept. with Frank Ahrens", "flvStreamingServer":"rtmp://cp18263.edgefcs.net/ondemand","stillURL":"http://media.washingtonpost.com/media/images/16-9_video_454x255.jpg","flvURL":"2010-05/219287/219351","autoStart":"false","playads":"yes","clickThru":"http://live.washingtonpost.com/economy-dept-05-19-10a.html"},"params":{"allowFullScreen":"true"}} Watch video of me talking about the dangerous lure of gold, the road ahead for financial regulatory reform and new stock trading rules designed to prevent another flash crash -- even though...
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Frank Ahrens
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May 19, 2010; 11:36 AM ET |
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Video
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April consumer inflation essentially flat
April consumer inflation dropped 0.1 percent, remaining essentially flat compared with March. Removing the volatile fuel and food categories, core inflation was unchanged. Inflation is up 2.2 percent compared with April of 2009. Core inflation is up 0.9 percent. The...
By
Frank Ahrens
|
May 19, 2010; 8:39 AM ET |
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Data
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Stocks close down, continue multi-day slump
UPDATED at 4:15 p.m.: Stocks finished down across the board today and now have closed down three of the past four days as continuing worry about Europe depresses Wall Street. The Dow closed down 1.1 percent at 10,510.95. The broader...
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Frank Ahrens
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May 18, 2010; 4:15 PM ET |
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Data
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Wall Street
| Tags: Business, Investing, NASDAQ, S&P 500, dija, dow jones, stocks, stocks today
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Report: Germany unilaterally bans naked short-selling
Image by World Economic Forum via FlickrThe German government is taking the rather radical step of banning naked short-selling of stocks, government bonds and credit-default swaps starting at midnight, the wires are reporting from that nation, a unilateral move to...
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Frank Ahrens
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May 18, 2010; 2:10 PM ET |
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Comments (4)
Categories:
Deficit/debt
| Tags: Business, Credit default swap, Germany, Investing, Naked short selling, Short, Stocks and Bonds, United States
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Video: Watch 'Business of the Beltway' live now!
Click here to watch The Post's new "Business of the Beltway" live conference underway right now, featuring our Pulitzer Prize-winning economics columnist Steve Pearlstein, President Obama's chief economist, Austan Goolsbee, Virginia Gov. Robert McDonnell and Hilton Worldwide chief executive Christopher...
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Frank Ahrens
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May 18, 2010; 1:32 PM ET |
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Video
| Tags: Austan Goolsbee, Economic, Hilton Worldwide, People, President's Economic Recovery Advisory Board, Republican, Social Sciences, United States
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April wholesale prices drop as housing starts rise
Wholesale prices dropped in April and new housing starts were up 5 percent compared with March, the government said moments ago, providing some good news to skittish U.S. markets. The producer price index -- the measure of wholesale inflation, or...
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Frank Ahrens
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May 18, 2010; 8:47 AM ET |
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Categories:
Data
| Tags: CPI, Economic, Government, Inflation, Office for National Statistics, PPI, United States, building permits, consumer inflation, economic recovery, housing starts, wholesale inflation
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Greek tourism minister quits because her husband is a tax cheat
Here's your situation in Greece in a nutshell: The Associated Press is reporting that Angela Gerekou, who is Greece's deputy tourism minister, has resigned because her husband -- a former pop music and film star -- owes millions of euros...
By
Frank Ahrens
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May 17, 2010; 5:18 PM ET |
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Comments (4)
Categories:
Deficit/debt
| Tags: Greece, Maps and Views, Politics, Tolis Voskopoulos, Tourism, Travel Guides, Travel and Tourism, United States
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Stocks stage major rally to finish up for the day
Image by epicharmus via FlickrStocks bottomed at noon today then began a steady and impressive rally throughout the afternoon to finish up for the day, which surprises anyone who checked in to see the Dow down 180 points earlier today....
By
Frank Ahrens
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May 17, 2010; 4:05 PM ET |
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Comments (2)
Categories:
Wall Street
| Tags: Business, Day Trading, Dow, Dow Jones Industrial Average, Investing, NASDAQ, S&P 500, Wall Street
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