Friday, December 13, 2013
A survey published Wednesday of 25 American cities, including many of the nation's largest, showed yearly increases in food aid and homelessness.
Cash is so cheap these days that investors have been borrowing and ploughing them in assets from artwork to wine to bitcoins, betting that prices would rise.
World stock markets extended losses Thursday after an apparent budget deal in the U.S. Congress reinforced expectations the Federal Reserve will cut its monetary stimulus as early as next week.
The dollar was mixed in cautious Asian trade Thursday ahead of next week's U.S. Federal Reserve policy meeting that could see the bank wind down its stimulus program.
Oil prices continued to drop Thursday after the U.S. government reported a large buildup in supplies of gasoline and diesel. Benchmark U.S. oil for January delivery was down 7 cents to US$97.37 in electronic trading on the New York Mercantile Exchange.
Thursday, December 12, 2013
Financial markets were sluggish Wednesday as investors remained focused on the prospect of a reduction in the U.S.'s monetary stimulus.
The dollar slipped in Asian afternoon trading on Wednesday as investors locked in profits after a strong rally in the unit ahead of next week's Federal Reserve meeting.
The price of oil was steady above US$98 a barrel Wednesday ahead of a report on U.S. crude stockpiles.
Wednesday, December 11, 2013
Stocks consolidated some of their gains of the last two days as caution also ticked-up before the Federal Reserve's meeting next week amid talk of a tentative scaling-back of its stimulus from some of its policymakers.
The dollar edged up in Asia Tuesday, after big gains in New York as a Federal Reserve official hinted that the U.S. central bank could announce a winding down of its stimulus program as early as next week.