Archive for the ‘MarketWatch.com’ Category
Airline stocks in tailspin over new record-high oil price
NEW YORK (MarketWatch) — A new record high for benchmark oil prices sent airline shares spiraling downward. At last check, the Amex Airline Index had shed 3.4% to 14.31 points with all of its 14 components trading down. Crude for August delivery was up $4.85 to $146.50 a barrel on the New York Mercantile Exchange. Earlier it rallied to an all-time high of $146.90 a barrel in electronic trading on Globex. Network carriers were plunging, with shares of Continental falling nearly 10% to $7.50, United parent UAL Corp. off 14% to $3.59, and American Airlines parent AMR Corp. down 8.8% to $4.46.
European shares turn higher
LONDON (MarketWatch) — European shares turned higher on Thursday afternoon as oil prices declined, some weaker-than-expected jobs data came out from the U.S. and European Central Bank president Jean-Claude Trichet said that there is “no bias” for future rate hikes. The ECB lifted its key rate by a quarter-point to 4.25% earlier in the day. The German DAX 30 index rose 0.2% to 6,319.53, the French CAC-40 index rose 0.3% to 4,310.15 and the U.K. FTSE 100 index climbed 0.3% to 5,441.70.
Audio: Desperate times call for avoiding desperate measures
Robert Powell, editor of Retirement Weekly, said in a radio interview that older investors feeling the pinch of the economy and the stock market need to find ways to avoid the most desperate of financial moves, namely tapping retirement plans early, taking life settlements on insurance policies, or taking out a reverse mortgage. Powell said that seniors too often jump at these moves, losing valuable dollars to taxes or fees, which simply makes it even harder to save sufficiently for retirement.
Audio: Desperate times call for avoiding desperate measures
Robert Powell, editor of Retirement Weekly, said in a radio interview that older investors feeling the pinch of the economy and the stock market need to find ways to avoid the most desperate of financial moves, namely tapping retirement plans early, taking life settlements on insurance policies, or taking out a reverse mortgage. Powell said that seniors too often jump at these moves, losing valuable dollars to taxes or fees, which simply makes it even harder to save sufficiently for retirement.
Audio: Desperate times call for avoiding desperate measures
Robert Powell, editor of Retirement Weekly, said in a radio interview that older investors feeling the pinch of the economy and the stock market need to find ways to avoid the most desperate of financial moves, namely tapping retirement plans early, taking life settlements on insurance policies, or taking out a reverse mortgage. Powell said that seniors too often jump at these moves, losing valuable dollars to taxes or fees, which simply makes it even harder to save sufficiently for retirement.