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WASHINGTON (AP) - Hiring slowed in July as employers added just 113,000 new jobs, propelling the unemployment rate to a five-month high of 4.8 percent and providing fresh evidence that companies are growing cautious amid high energy prices. Wages grew solidly.
THE new Federal Reserve chairman Ben Bernanke made a mess in his first few months. Whenever he speaks about US monetary policy, the US equity markets go into a tailspin. In such uncertain times, investors must surely be missing the reassuring wisdom of predecessor Alan Greenspan.
NEW YORK (AP) - Wall Street ended an erratic session essentially flat Monday as investors grew anxious about upcoming first-quarter earnings and the possibility that interest rates will not be declining anytime soon. A $2 (euro1.50) drop in oil prices lent support to the major indexes.