Archive for July 26th, 2009

NEW YORK: Federal Reserve Chairman Ben Bernanke said Sunday that lessons learned from the recession and the financial crisis will help make the economy stronger than it was before the crisis. Speaking at a town hall event at the Kansas City, Mo., Fed called “Bernanke on the Record,” the chairman answered questions from members of… »

ATLANTA (CNN) — Gasoline prices fell more than 7 cents a gallon over the past two weeks, despite a rise in crude oil prices, according to a survey published Sunday.The average price of a gallon of self-serve regular gasoline at metropolitan-area stations was 2.4859, the Lundberg Survey found — a decline of 7.14 cents from… »

KUWAIT (Reuters) — A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector.A security source told Reuters that Hazem Al-Braikan appeared to have died from a single gunshot wound to the side of the head, while… »

NEW YORK: Can a recharged stock market rally withstand the biggest week of corporate profit reports yet?Maybe. “As long as earnings continue to surprise to the upside and revenues aren’t disasterous, the market should move higher in this period,” said Timothy Ghriskey, chief investment officer at Solaris Asset Management. “But then we get to August,… »