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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 08, 2014
Page
19
Market data show light crude trading near 96.92 dollars per barrel as traders weigh supply signals and demand forecasts. The price movement reflects ongoing concerns about production and global energy demand, with analysts noting volatility in early trading sessions.
U.S. stocks slipped after an early rally as concerns about slowing global growth and rising tensions weighed on sentiment. The S&P 500 fell to 1,909.57, the Dow dropped to 16,368.27, and the Nasdaq slid to 4,334.97 while bonds rose and gold and oil fluctuated.
The NSA spying revelations spark a surge in German encryption services as customers from diplomats to journalists seek private communications. Silent Circle reports a large uptick in subscriptions for private voice and text services, with servers in Canada and Switzerland. Deutsche Telekom and GSMK roll out security products at CeBIT, while BlackBerry buys Secusmart to offer enhanced secure communications amid Merkel avoiding low end devices. Ravishankar Borgaonkar notes growing interest in call security apps during Berlin research.
U S jobless aid applications dropped to 289 000 last week, the Labor Department said, with the four week average at 293 500 the lowest since February 2006. The report notes continued hiring gains and a small rise in the unemployment rate to 6.2 percent as more people seek work.
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