3xwy Blog

AP – A rising dollar hit prices of many commodities Friday after concerns about the global economy pushed up demand for safe assets.

Reuters – President Barack Obama signed into law a $17.6 billion jobs bill on Thursday and sounded an optimistic note about the U.S. economy, saying it may soon begin adding jobs instead of losing them.

AP – Ford Motor Co. says the 2011 Mustang GT has something unexpected to brag about: Fuel economy.

AP – THE WAITING GAME: Stocks moved only modestly and ended mixed ahead of the Federal Reserve’s interest rate meeting Tuesday. Investors didn’t want to make big moves before they got the latest snapshot of the economy from policymakers.

Reuters – Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy.

Reuters – Switzerland’s UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation’s economy.

AP – China accused the United States of destabilizing the world economy and meddling in other countries’ affairs Friday — its standard response to Washington’s annual review of Beijing’s human rights record.

The major trade unions in Greece went on a national strike to protest the government’s austerity measures Thursday. It’s the second general strike in a month. The latest polls show Greeks deeply divided over the plan to restore the economy and restore confidence in the Euro.

AP – China’s inflation spiked higher in February, raising the chances that Beijing might need to cool the recovery in the world’s third-largest economy.

AP – As the economy recovers, energy prices are rising and that is placing extra strain on families’ budgets.