The Federal Reserve Chairman Ben Bernanke is beginning to testifying in front of the Joint Economic Committee. In his opening remarks, the head of the central bank has signaled that he shall continue to keep the current quantitative easing program in place. Traders and investors can easily see the decline in the U.S. Dollar Index after his comments were released. Chairman Bernanke warned that reducing the Federal Reserve's efforts to keep borrowing rates low would carry a substantial risk of slowing or ending the economic recovery.
This morning, the major stock indexes are all trading sharply higher to start of the trading day. On the surface, everything looks wonderful in the stock market. The highly followed Dow Jones Industrial Average is trading higher today by 86.00 points in the first thirty minutes of the session. Many traders and investors seem to be betting on another inflationary push by Ben Bernanke, who will be announcing his latest policy statement tomorrow.
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JPM, DYNT, COP, - CRWESelect.com Stock News! JPMorgan Chase, Dynatronics , ConocoPhillips
PPWE.OB, NYSE:JPM, ORFG.PK, - (Oil, Commercial Banking and Gold ) Proper Power and Energy, JPMorgan Chase & Co. and Orofino
Oil surged as thousands continued to riot against the government in Egypt, and unrest threatened to spread across the Middle East. Oil prices rose as high as $89.73 a barrel at one point.
In the United States, tar sands resources are primarily concentrated in Eastern Utah, mostly on public lands. The in-place tar sands oil resources in Utah are estimated at 12 to 19 billion barrels.
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American Express Company (NYSE:AXP) reported it has won through November 2010 more than $2.3 billion in new managed travel business1 with clients spanning from small and mid-sized companies to large market, multinational and global businesses worldwide. Transaction volumes are also on the rise and have seen double-digit growth globally.