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BUSINESS
September 23, 2009 | Times Wire Services
NEW YORK -- Stocks are rising in early trading as commodities rebound ahead of the Federal Reserve's meeting on interest rates. Commodities like oil and gold are also bouncing back Tuesday from the previous day's sell-off amid a weaker dollar. The gains in stocks and commodities come as the Fed prepares for a two-day rate-setting meeting. Investors are hoping the Fed will offer up a clearer picture of the economic recovery, as well as some indication of when it may decide to raise interest rates, though it's expected to keep rates near zero for the time being.
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BUSINESS
April 30, 2011 | Tom Petruno, Market Beat
There are few worse feelings for investors than to suspect that they were the last ones into a red-hot market. So it was with the dot-com stock mania of the late 1990s and the California housing bubble of the last decade. Many of the last entrants to those markets, if they weren't quick to jump, suffered catastrophic losses when the booms turned to bust. This year, investors tempted by soaring commodity prices may have that same gnawing fear of being too late to the party. This is, after all, the second big commodity bull run in three years.
BUSINESS
November 18, 2011 | By Tom Petruno, Los Angeles Times
Raise cash, head for the sidelines. That was the guiding sentiment in stock and commodity markets Thursday as some investors and traders sold what they could and looked for a hiding place amid fresh doubts about the global economy. Commodities took the heaviest hit: Gold futures dived $54, or 3%, to $1,719.80 an ounce in New York, the biggest one-day drop since Sept. 23. The Thomson Reuters/Jefferies CRB index of 19 commodities slumped 2.5%, the biggest decline since Sept.
BUSINESS
March 22, 2005 | From Reuters and Bloomberg News
The red-hot market in commodities cooled a bit Monday, sending a key index of prices in the sector to its biggest loss in nine months. But the commodity that matters most to many consumers -- crude oil -- slipped just fractionally from Friday's record high. Tumbling prices for cocoa, soybeans, gold, coffee and other hard assets drove the Reuters-CRB index of 17 commodity futures prices down 5.71 points, or 2%, to 313.49, the steepest one-day drop since June 2.
BUSINESS
February 10, 1988 | Associated Press
The U.S. Justice Department on Tuesday accused 10 men of taking part in illegal commodities trading schemes, including one in which wigs, makeup and phony credentials were used to gain access to the trading pits at one exchange. U.S. Attorney Anton Valukas said the four unrelated cases resulted from an investigation begun more than 18 months ago "to monitor possible commodities fraud in the marketplace and elsewhere."
BUSINESS
June 29, 1991 | From Reuters
A key U.S. commodity index fell to a four-year low Friday, signaling an underlying weakness in the market for raw goods that should keep inflation under control, possibly through next year, analysts said. The Commodity Research Bureau Index, which tracks the movement of 21 commodity futures markets, including grains and metals, fell to 206.55, its lowest since March, 1987.
BUSINESS
March 5, 1991 | JANE APPLEGATE, TIMES STAFF WRITER
One of the largest commodity fraud cases in U.S. history ended in federal court Monday, with the founders of International Trading Group Ltd. agreeing to settle with customers and the Commodity Futures Trading Commission. U.S. District Judge Ronald S. W. Lew approved a settlement offered by brothers David C. and Bruce R. Beare, principals of ITG. The deal calls for any remaining assets of ITG to be distributed to customers.
BUSINESS
August 25, 1999 | Bloomberg News
Mutual funds that focus on commodity-related companies have surged in 1999 as energy and metals prices have rebounded, reversing last year's losses. What's more, some money managers say the commodity funds still have room to rise, benefiting from recoveries in Asian economies and cost-cutting by producers. That could attract investors who have long shunned these funds.
BUSINESS
March 19, 1985 | From Associated Press
Foreign currencies gained substantial strength against the U.S. dollar Monday, supporting precious metals and commodities that comprise major export markets, as investors' faith in the dollar was eroded by the troubles of Ohio savings and loans. Gold futures prices posted their biggest single-day gain of the year on the Commodity Exchange in New York, and soybean futures rallied on the Chicago Board of Trade. The Commodity Research Bureau index gained 1.7 points Monday, closing at 240.4.
NEWS
November 28, 1985 | From Reuters
Rational people should treat sex just like any other commodity, according to an economist at the National University of Singapore. Euston Quah wrote in the latest issue of the monthly Singapore Business that people should "choose that quantity of sexual experience that will maximize his or her net gains." "There are costs to having sex," he said, "and these costs increase as sexual experiences increase.
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