WASHINGTON — Content for now with the current course, Federal Reserve Chairman Ben Bernanke left open the possibility Wednesday that the Fed will take further action to stimulate the economy and reduce unemployment — but not at the cost of high inflation.
NEW YORK — The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker’s stock climbed $50 after the company once again blew past Wall Street’s profit forecasts.
HANFORD, Calif. — The discovery of mad cow disease in a dead dairy cow came soon after it arrived at a non-descript building in the heart of California’s dairy country. The finding, announced Tuesday, is the first new case of the disease in the U.S. since 2006 and the fourth ever discovered in the country. The test was performed when the animal was brought to the building, a transfer facility for a processing plant near Hanford.
Europe is economically big — very big. The 17 nation euro-zone is approximately equal to the size of the U.S. economy (depending upon how valuations are calculated in terms of currency conversions), and the more comprehensive 27 nation European Union (EU) is even bigger still. Given the tremendous economic interdependencies among countries of the world, when an economy as large as either of the above entities begins to experience significant economic problems, it is just a matter of time until those difficulties will be transmitted to the rest of the world.
Nothing could slow down Buckeye Valley starting pitcher Austin Doubikin Saturday at the Barnesville Classic … not rain or wind, and certainly not the Monroe Central hitters.
NEW YORK — The stock market suffered its worst loss of the year Tuesday because of uncertainty about coming corporate earnings reports and concerns that the borrowing costs of Spain are creeping close to a crisis level.
LOS ANGELES — Families canceling vacations. Fishermen watching their profits burn up along with their boats’ gasoline. Drivers buying only a few gallons of gas at a time because they can’t afford to fill the tank.
WASHINGTON — A sharp jump in gas prices drove a measure of U.S. consumer costs up in February. But outside higher pump prices, inflation stayed mild.