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IBM on Monday refuted a blogger's claim the company plans 110,000 job cuts. Robert Cringely last week reported that IBM would slash 26 percent of its global workforce as part of a reorganization referred to as Project Chrome. "To fix its business problems and speed up its 'transformation' … about...

Crudeoil-012215_26Jan15.jpg After fluctuating for much of the day, U.S. crude oil ended lower to a near 6-year low for a third session Monday, amid speculation that the OPEC will keep prices low in a bid to stifle competition. Saudi Arabia, Iran and other major OPEC producers are convinced they can withstand cheap oil while...

Gold-051612_26Jan15.jpg Gold futures ended lower for a second straight session Monday, ahead of the Federal Reserve's policy meet minutes with waning safe haven appeal for the precious metal, even as investors remain focused on this week's closely-watched Federal Reserve meeting. Although the Federal Reserve members are...

Gold prices continued to nudge lower Monday morning ahead of this week's closely-watched Federal Reserve meeting. Fed members are not expected to hike rates quite yet, but markets will be listening for any forward guidance on when they will tighten. With the Fed on track to hike rates in either...

Crude oil prices tumbled back near 6-year lows Monday morning amid speculation that OPEC is determined to keep prices low in a bod to stifle competition. Saudi Arabia, Iran and other major OPEC producers are convinced they can withstand cheap oil while U.S. and Canadian companies abandon projects...

crudeoil-121114_23Jan15.jpg U.S. crude oil ended sharply lower Friday, on a significant strengthening of the dollar and continued oversupply concerns after a weekly official oil report from the U.S. Energy Information Administration yesterday showed crude stockpiles in the U.S. to have surged to an 80-year high. Earlier today,...

gold01_05Apr12_23Jan15.jpg Gold futures ended modestly lower on Friday, on some mixed global economic data with the dollar trending sharply higher even as the euro slipped significantly after the European Central Bank announced a massive, larger than expected monetary stimulus yesterday. Gold jumped to 5-month highs just above...

Gold was steady Friday morning, having seen little movement since the European Central Bank's surprisingly large stimulus plan was announced yesterday. U.S. gold for March was stuck at $1,296 an ounce, down 4 dollars from the previous session. Gold jumped to 5-month highs just above $1300 earlier...

Crude oil prices nudged higher Friday morning after the death of Saudi King Abdullah bin Abdulaziz al Saud. U.S. Crude oil for March was up 36 cents at $46.81 a barrel, about $2 from a recent 6-year low. King Saud, 90, had been suffering from lung infection and acute pneumonia, and was hospitalized...

Oil-051612_22Jan15.jpg U.S. crude oil plunged to end sharply lower on Thursday, after a weekly official oil report from the Energy Information Administration showed crude stockpiles in the U.S. to have surged much more than expected last week, to an 80-year high. Crude oil prices rallied earlier in the day to touch $49...

Goldbars2-111814_22Jan15.jpg Gold futures rebounded to end modestly higher on Thursday, after the European Central Bank announced a massive monetary stimulus package that was larger than market expectations. Any monetary stimulus is bullish for gold and quantitative easing is usually associated with devaluing a country's currency...

Gold prices were little changed Thursday morning after European Central Bank President Mario Draghi announced massive stimulus package that was slightly larger than market expectations. With the dollar surging to fresh 9-year highs versus the euro, gold was stuck at 1,294 an ounce, unable to extend...

Crude oil prices continued to rebound Thursday morning ahead of remarks from European Central Bank President Mario Draghi, who is expected to announced massive stimulus at a press conference scheduled for 8:30 am ET. U.S. crude oil for March was up $1 at $48.82 a barrel, edging further from January's...

crudeoil-112514_21Jan15.jpg U.S. crude oil rebounded to end higher on Wednesday, ahead of the European Central Bank meet outcome on Thursday, even as news reports indicate a definite proposal before the central bank for additional stimulus. A Wall Street Journal report, citing people familiar with the matter, said a new bond-buying...

Gold-121814_21Jan15.jpg Gold futures snapped a seven-day gain to end slightly lower on Wednesday, after fluctuating for much of the day as investors weighed some mixed economic data from the U.S. with housing starts rising more than expected, while building permits issued dropped unexpectedly in December. Investors also...

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