Category: Extra News

US Inflation Increases Most in a Year

The U.S. on Wednesday reported its biggest increase in consumer prices in a year, pushing stocks lower in early trading. The consumer price index, which follows the costs of household goods and services, advanced by a half percentage point in January, up from two-tenths of a point in December. The …

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US Stocks Open Higher, Capping Turbulent Week

U.S. stocks opened higher in the last trading session of a turbulent week in which the Dow Jones Industrial Average and the Standard & Poors 500 Index plunged into correction territory for the first time in two years. The Dow at Friday’s open moved nearly one-percent higher to 24,087, while the …

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Kenya’s Flower Producers Eye US Market

Kenya’s cut-flower industry has blossomed since the 1980s, and now holds the biggest market share for exports to Europe. Kenya’s flower producers are hoping direct flights set to open between Nairobi and New York City could help them put down roots in a new market — the United States. On …

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Wall Street Rollercoaster Continues

The rollercoaster ride continued in financial markets Tuesday, with sharp swings rocking major indexes from Asia, Europe and North America. The volatility intensified just a day after the steepest drop on Wall Street on Monday, after the Dow Jones Industrial index plunged nearly 1,200 points. But if the sharp sell-off came …

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