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Top Stories Canadian Markets: Canadian stock index gain as gold shares lead Toronto’s benchmark index tallies a second day of gains, keying in part off higher gold futures.
IPO Report: Facebook starts at $42 in debut, then fizzles Social network’s shares jump early after making debut as a public company. Facebook priced its $16 billion IPO at the high end of its expected range.
Real Estate Weekly: ‘Facebook effect’ on Bay Area real estate Facebook’s initial public offering is having a marked effect on San Francisco Bay Area real estate, according to one mortgage banker.
NewsWatch: Facebook surges, then skids in public debut Social networking giant quickly rises 12%, but then pulls back to IPO level of $38 a share; Yahoo reportedly in deal to sell at least some of its Alibaba assets back to the Chinese e-commerce company.
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May 18, 2012 12:29 PM EDT
There was a lot of economic news out yesterday that seemed to be overshadowed by big headlines. However, the data were important. Inflation remains at bay with the headline CPI falling 0.2% in May. The core reading, ex-food and energy, rose just 0.1%. Both of these numbers were right in line with expectations, as were the year-over year figures. Headline consumer inflation rose 2.0%, while the core rate inched up just 0.9%. There was a negativ... full story >>