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Wednesday, April 7, 2010 as of 11:14 AM ET

Service Sector

The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).

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Eurozone's Economic Slump Deepens

The shadows being cast over the global economy darkened this month as the euro zone's private sector declined further and China's once-booming factories faltered, business surveys showed on Thursday.

Worryingly for European policymakers, a downturn that started in smaller euro zone periphery members is now taking root in the core countries of Germany and France, whose tepid combined growth had been keeping the troubled bloc afloat."We are very much in a period of weakening global growth. It doesn't quite feel like 2008 yet but the danger is we could get there quicker than we think," said Peter Dixon at CommerzbankThe data sent German Bund futures to a record high as investors sought relative safety, and the euro fell to a near two-year low against the dollar.The moves were also exacerbated by Wednesday's news that European Union leaders have been advised by senior officials to prepare contingency plans in case Greece quits the single currency - a once seen unthinkable event.The euro zon...

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  1. Service -Sector Expansion Slows in April

    The pace of growth in the vast U.S. services sector slowed more than expected in April, while new orders dropped, according to an industry report released on Thursda...

  2. Gold and Silver Decline After Jobs Report

    On Wednesday, gold ( NYSEARCA:GLD ) futures for June delivery declined $8.40 to settle at $1,654 per ounce, while silver ( NYSEARCA:SLV ) futures fell 29 cents to cl...

  3. US Private Sector Adds Only 119,000 Jobs In April - ADP

    Private businesses in the U.S. hired new workers at a very-anemic pace in April as factory jobs declined, according to a report released Wednesday.Private-sector job...

  4. ADP: April Private-Sector Jobs Up 119K, Well Below Expectations

    Private businesses hired at a very anemic pace in April as factory jobs declined, according to a report released Wednesday.Private-sector jobs in the U.S. increased ...

  5. Eli Broad on How to Rebuild California's Economy

    Broad Foundation founder Eli Broad weighs in on California's economy and his new book.

  6. Britain in Recession Again

    Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister...

  7. Euro Anxiety Knocks Stocks Lower

    FOX Business: The Power to ProsperU.S. and European markets sold off on Monday as traders worried about renewed eurozone political instability and a round of weak ec...

  8. Stocks Pummeled as Euro Anxiety Swells

    FOX Business: The Power to ProsperU.S. and European markets sold off on Monday as traders worried about renewed eurozone political instability and a round of weak ec...

  9. Stock Futures Slide Amid Debt, Economic Worries

    FOX Business: The Power to ProsperStock-index futures followed European markets deep into the red on Monday as traders fretted about political developments that thre...

  10. Schlumberger Leads Energy Stocks Higher At Open

    Shares of oilwell services contractor Schlumberger Ltd. jumped as much as 6% at the open Friday, the top percentage gainer on the S&P 500, after reporting a 38% rise...

  11. Peabody, Oil Drillers Drive Energy Stock Gains

    Earnings-driven gains among coal and oilfield service stocks lit up energy stocks' otherwise dull start to the session Thursday. Coal miner Peabody Energy Corp. shar...

  12. Halliburton Rallies On Results, Chesapeake Slumps

    Halliburton Co. shares rose 4.6% at the open Wednesday, spearheading a rally by oilfield service stocks. Halliburton's gains come on the back of a solid 89-cent per-...

  1. 3% Growth Ahead?

    Deutsche Bank senior U.S. economist Carl Riccadonna gives his outlook for the economy.

  2. Jobless Claims Fall Slightly

    The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly ...

  3. Germany's Bundesbank Proposes Higher Inflation Scenario

    Germany can do more to help boost struggling euro-zone member states, including allowing inflation to rise, a top economist from the Deutsche Bundesbank said Wednesd...

  4. Gold & Silver: Gold Breaks 4-Day Losing Streak

    On Friday, gold ( NYSEARCA:GLD ) futures for June delivery increased $10.40 to settle at $1,645.20 per ounce, while silver ( NYSEARCA:SLV ) futures gained 42 cents t...

  5. Gold & Silver Act as Safe-Havens After Unemployment Report

    On Friday morning, gold futures for June delivery declined to just under $1,627 per ounce, while silver futures slipped under $30. However, both precious metals mana...

  6. Service Sector Grew at Slower-Than-Expected Pace in April

    FBN's Tracy Byrnes breaks down afternoon market news.

  7. Service Sector Expansion Hurting Markets

    FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.

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