4:20 pm : Stocks got rocked Wednesday after a stronger-than-expected rise in the core CPI exacerbated fears that building inflationary pressures will force the Fed to keep raising rates.
Before the market opened, the Labor Dept. showed that consumer prices rose 0.6%, as energy prices rose 3.9% -- the highest since January. Adding insult to injury, the more closely watched core rate, which excludes energy, also rose more than expected. The 0.3% rise in the core CPI matched the large March gain to leave a 2.3% year/year growth. With the Fed saying one week ago today that "some
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General Health Tip
Greeting Seasonings. For flavorful low-fat cooking, make the most of seasonings. Use a burst of fresh herbs, an extra grinding of pepper or a squeeze of lemon juice to add guilt-free zest to any meal.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Senate OKs Border Fence, Backs Citizenship A boy crosses a bridge in San Luis, Sonora, Mexico, Wednesday, May 17, 2006, as seen from San Luis, Ariz. This port of entry is part of the busiest Border Patrol station in the country. (AP Photo/Matt York)
2:52 pm PT Nabors Ind Announces Proposed Private Placement of $2.5 Billion Senior Exchangeable Notes (NBR) 35.25 : �
2:26 pm PT Novartis AG: FDA Advisory Committee Recommends Approval of Exelon in the Treatment of Dementia Associated with Parkinson's Disease (NVS) 56.60 -1.11 : Novartis announced that Exelon received a favorable opinion from the Peripheral and Central Nervous System Drugs Advisory Committee of the FDA for the treatment of mild to moderate dementia associated with Parkinson's disease. If approved, Exelon would be the first and only medication available for the treatment of dementia associated with Parkinson's disease. Exelon is currently approved for the treatment of mild to moderate Alzheimer's disease.
2:20 pm PT Market Wrap : Stocks got rocked Wednesday after a stronger-than-expected rise in the core CPI exacerbated fears that building inflationary pressures will force the Fed to keep raising rates.