Oil prices rose to $95 a barrel and stocks fell about 1 percent by midday. The surge in oil prices boosted oil company stocks.
The Consumer Price Index, a measure of the inflation rate, rose 0.4 percent in December and January. This is the first time the CPI has increased this much for two straight months since 2008.
Ballet dancers perform during a contemporary class at the Prix de Lausanne in Lausanne, Switzerland. Created in 1973, the international dance competition is for young dancers aged 15 to 18. This year, 75 candidates from 19 countries will compete from February 1 to 6.
Energy stocks are up, and crude oil prices have risen to $92 a barrel.
The stock market today fell by 166 points, with investors worried about shipping through the Suez Canal and the possibility that protests will spread through the Middle East.
The US economy grew at a relatively healthy 3.2 percent annual rate in the final quarter of 2010, the Commerce Department reported Friday. That is an improvement from a 2.6 percent rate in the third quarter. But to many Americans, it's hard to tell if anything is really better. Buried in the new report are clues to why that is – and what might happen to the economy in the year ahead. Here are five things that the government’s preliminary report on gross domestic product reveals about the health of the economy.