Gas Prices Down for Holidays
Average retail gasoline prices in Chattanooga have fallen 6.2 cents per gallon in the past week, averaging $3.07/g yesterday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 2.4 cents per gallon in the last week to $3.21/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Chattanooga during the past week, prices yesterday were 7.3 cents per gallon higher than the same day one year ago and are 4.3 cents per gallon higher than a month ago. The national average has increased 0.7 cents per gallon during the last month and stands 3.8 cents per gallon lower than this day one year ago.
"Another downward trend in gasoline prices has emerged as motorists hit the roads in the last full week before Christmas," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Historically, this is about the time of year that gasoline prices hit their yearly lows, but this time around, I have more optimism that prices may move even lower in the next few weeks. As we finish our 2014 forecast at GasBuddy in the near future, we can say that 2014 does offer some relief compared to what we'll end up seeing in terms of average in 2013, but for the time being, the next week looks to see a continued drop in gasoline prices," DeHaan said.Monday, December 16 2013, 01:33 PM EST
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Last Update on July 06, 2015 07:34 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) --There are no government economic reports scheduled for release today but the Institute for Supply Management will put out its June service sector index.
Tomorrow, the Commerce Department will report international trade data for May and the Labor Department will release its job openings and labor turnover survey for May.
Also on Tuesday, the Federal Reserve will release consumer credit data for May.
ATHENS (AP) -- Greece's finance minister has resigned following Sunday's referendum in which the majority of voters said "no" to more austerity measures in exchange for another financial bailout.
Finance Minister Yanis Varoufakis says he was told shortly after the Greek referendum result that the some eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings.
Varoufakis has visibly annoyed many of the eurozone's finance ministers during Greece's debt negotiations.
CHINESE STOCK MARKET RESCUE
NEW YORK (AP) -- China has reportedly decided to bar new public offerings of stock and will create a fund to stabilize its stock market, which has been roiled by a wave of selloffs..
Twenty one Chinese securities companies, in a statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks. The securities companies also said they would continue to invest in the market as long the Shanghai Composite index remains below 4,500. It closed at 3,686 on Friday.
Chinese regulators have also decided to suspend new Chinese initial public offerings, according to The Wall Street Journal.
The Chinese market has been in free-fall for three weeks, losing 28 percent of its value. Despite the plunge, the market is up 79 percent in the last year.
BERLIN (AP) -- German factory orders dipped in May as orders from other countries in the eurozone slipped back following a large gain the previous month.
The Economy Ministry says orders in Europe's biggest economy were down 0.2 percent compared with the previous month. In April, orders rose 2.2 percent -- a figure that was revised up sharply from the initial reading of 1.4 percent because of late reporting.
The ministry says bulk orders were below average in May. The overall fall was led by a 1.5 percent drop in orders from other countries in the 19-nation eurozone, which had surged 7 percent in April.
Demand from inside Germany was off 0.6 percent while orders from outside the eurozone climbed 1.2 percent.
STELLA & CHEWY'S-RECALL
Pet food maker Stella & Chewy's recalls some products
NEW YORK (AP) -- Pet food maker Stella & Chewy's is recalling some of its products because a routine test found Listeria in a sample of its chicken freeze-dried dinner patties for dogs.
Listeria can cause serious illness and even death in children, the frail and the elderly. Healthy people may suffer flu-like symptoms, such as high fever, headache, nausea and diarrhea.
The Milwaukee-based company said there have been no reported pet or human illnesses.
A complete list of recalled products can be found at: http://www.stellaandchewys.com/stella-chewys-recall-notice/
Consumers can look at the lot numbers and UPC codes on their pet food to determine if their pet food is part of the recall. If they do have pet food that is part of the recall they can return it to the place of purchase for a full refund or should dispose of it.
GOODBYE TRADING PITS
No more `roar' as famed trading pits come to an end
In those pits, traders yelled and shoved and flashed hand signals, just as they did in the movie "Trading Places."
But faster, cheaper and not nearly as noisy computers have taken over.
NEW YORK (AP) -- "Magic Mike XXL" and "Terminator Genisys" both fizzled over the July 4th weekend, leaving the popular holdovers "Jurassic World" and "Inside Out" to top the holiday box office.
Despite the release of the anticipated sequels, the rule of "Jurassic World" continued with an estimated $30.9 million in its fourth week of release. Pixar's "Inside Out," though, virtually tied it with $30.1 million in its third week. Final figures will be released Monday.
"Terminator Genisys," the fifth entry in the sci-fi series, opened in third with $28.7 million over the weekend and $44.2 million since opening Wednesday.
The male-stripper sequel "Magic Mike XXL," starring Channing Tatum, came in fourth with just $12 million on the weekend. Over five days of release, it made $27.1 million.
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