Daniel Powell

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Stocks mixed as Chinese inflation bump increases uncertainty

TOKYO (AP) — Stocks were mostly higher Tuesday as economic data raised questions of how China might curb speculative market bubbles as inflation …

Banks to guarantee up to £85,000 protection for savers in new rules from 2017

The total compensation payable to account holders and savers if their bank collapses is to return to £85,000, because of the slump in the value of …

Britain's Brexit subsidies for carmakers could top wage bills

LONDON (Reuters) - Compensating carmakers in Britain for any post-Brexit tariffs on exports to Europe could see the government hand the companies more money than they need to pay the salaries of all their British workers, a Reuters analysis of corporate filings shows.<p>Nissan technicians put an …

British economy begins to show signs of post-Brexit slowdown

Signs of retrenchment in construction industry, car factories and high street stores overshadow stronger than expected 0.6% expansion in run-up to vote<p>Fears that the British economy has been knocked off course by the Brexit vote have been reinforced by signs of retrenchment across key industries, …

Facing record oversupply, U.S. oil looks for a home in Europe

LONDON (Reuters) - As U.S. oil inventories reach all-time highs, cargoes of crude are increasingly flowing towards Europe, where higher prices and lower shipping costs have made the region an attractive hunting ground for those selling light sweet oil.<p>Pumpjacks and other infrastructure for …

Stocks open slightly lower on Wall Street

NEW YORK (AP) — Stocks are opening slightly lower on Wall Street as the market gives back some of a big gain from the day before.<p>Materials and energy …

Associated Press News

US stocks open higher as oil rebounds, banks rise

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded.<p>Banks rose Friday after …

Banking stocks helped European markets surge for the first time in more than a week

The market rally came despite a rough day in Asian trading and continued fears about the state of the global economy.<p>At the close, shares across the continent's biggest stock indexes were uniformly in the green, with Italy's FTSE MIB leading the way.<p>Italy's stock market has been getting crushed in …

US stocks open higher as Fed's Yellen signals caution

Stocks are edging mostly higher, setting the market up for its first gain after three down days.<p>Traders were encouraged early Wednesday by word from Federal Reserve Chair Janet Yellen that the central bank will be cautious about raising interest rates.<p>Several big media companies were having a bad …

UK's rising trade deficit sparks fears of drag on economic growth

The UK has failed to reduce its trade deficit, signalling that economic growth will be increasingly unbalanced and reliant upon Britain's services sector.<p>The trade deficit - the amount by which imports exceed exports - rose in the final quarter of last year, despite a recent improvement in the …

Asia stocks extend global sell-off, Japan down 5.1 percent

Asian markets tumbled Tuesday as renewed jitters about the global economy set off a wave of selling in banking stocks.<p>KEEPING SCORE: Japan's Nikkei …

Gold Returns As Financial Markets Shudder

Gold is back on the radar screen of some risk-averse U.S. investors but it’s rating much higher in several other countries were a modern-day gold rush appears to have started.<p>In South Africa, once home to the world’s biggest gold-mining industry, the price of gold has hit an all-time high of more …

Asian stocks jump on Fed delay hope, Japan falls on yen

HONG KONG (AP) — Most Asian stocks jumped Thursday as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Japanese shares fell as the yen rose against the dollar.<p>KEEPING SCORE: Japan's Nikkei 225 lost 0.7 percent to …

Oil and gas companies lead an early decline in stocks

NEW YORK (AP) — Another steep drop in oil and natural gas prices is pulling the stock market lower in early trading.<p>Southwestern Energy, a natural …

Will They, Won't They? OPEC Denies Russian Talk of Cutting Oil Output

Well this is fun.<p>Oil prices have shot higher Thursday after comments from the Energy Minister of Russia, Alexander Novak, that Russia is open to …

Cheap prices fail to kill U.S. oil boom

Many smart people thought U.S. oil production would fall off a cliff along with the crash in crude prices.<p>In reality, it hasn't even come close to killing American production. The U.S. pumped 9.35 million barrels of oil a day in October, according to the latest government statistics available. …

How America Could Win Even When Oil Prices Crash

Many Americans aren’t sure what to think about the ongoing collapse in oil prices. They love lower prices at the pump, but continued market …

Associated Press News

ECB holds out chance of more stimulus at March meeting

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi let rattled investors know that the bank is poised to take action as soon as its …

Fears grow of repeat of 2008 financial crash as investors run for cover

As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging<p>Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens by …

Iran's big market tempts European firms despite hazards

FRANKFURT, Germany (AP) — With many barriers to dealing with Iran suddenly lifted as part of a deal to curb its nuclear activities, some European …

Global fears cast gloom on the Fed's rate hike plans

Global volatility could force the Federal Reserve to pump the brakes this year.<p>The Fed raised its key interest rate in December and projected there would be four more rate hikes in 2016.<p>Not so fast. American stocks are getting nauseous from the global economic slowdown and falling oil prices.<p>The …

China expected to report slower but still strong growth

BEIJING (AP) — As international markets watch anxiously, China is due to release a flood of data Tuesday that are likely to show economic growth slowed in the latest quarter but still is among the world's strongest.<p>BY THE NUMBERS<p>Private sector forecasters say growth in the world's No. 2 economy at …

CREDIT SUISSE: China risks 'losing control' of the economy

The investment bank had forecast a continued managed slowdown of GDP growth in 2016. But in a note sent to clients this week, fixed income Ric Deverell and his team say that fears are growing that Beijing is losing control of the economy. The perception that it is losing control could, in turn, hit …

Credit Suisse

Gold settles 1.6% higher, but still posts a weekly loss

Gold futures settled higher on Friday as the yellow metal drew haven bids amid a broad rout in global markets, including a plunge in U.S. stocks and …

Gold is the bright spot in commodities rout but 2016 forecasts are divided

The precious metal has traditionally been a safe haven for investors at times of market turmoil but it also thrives at times of inflation, which remains low<p>Gold prices started 2016 with a glimmer, rising to two-month highs in the wake of the Chinese stock market rout and the ripple effects it …

Ridiculous Snickers Layer Cake

If a Snickers bar's fairy godmother visited and transformed it to a magical dessert, this would probably be it. And you don't want to miss out on that, do you?<p><i>Snickers Layer Cake is a candy lover's perfect cake. Layers of chocolate, caramel and peanut butter nougat frosting combine to make an</i> …

Gwen Stefani

US stocks open mixed, stabilizing a day after a plunge

U.S. stocks are mixed in the early going as the market stabilizes following its worst drop since September.<p>JPMorgan Chase rose 1 percent Thursday after the bank reported earnings that were better than analysts expected. Other bank stocks also gained.<p>The Dow Jones industrial average was flat at …

Turkmen banks halt hard currency sales as economy struggles

ASHGABAT, Turkmenistan (AP) — Banks in the natural gas-rich Central Asian nation of Turkmenistan have halted hard currency sales as the economy shows …