Link: Latest Business News and Financial Information | Reuters.com.
NEW YORK (Reuters) - U.S. stocks sank across the board on Thursday, with the blue-chip Dow average plummeting 1.6 percent, as oil gushed to a record $60 a barrel and global transportation company FedEx
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Corp. (FDX.N: Quote, Profile, Research) said high fuel costs will hurt earnings. U.S. Treasury bonds fell after a two-day rally, while the dollar eked out gains against the euro.
Yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeehaw!
Errata: Norway is only the world's third largest Exporter of oil (after Saudi Arabia and Russia). And yes, we are only 4.5 million Norwegians, and we have so much money that it is not even funny. Our biggest worry is inflation, and how to invest that money in foreign companies in order to make sure that our own economy does not over-heat.
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