NEW YORK Nick Bellore Lions Jersey , Feb. 19 (Xinhua) -- U.S. stocks traded mixed around midday Friday, as investors digested the country's consumer price data amid a plunge in oil prices.
Around noon, the Dow Jones Industrial Average fell 27.39 points, or 0.17 percent Jeff Locke Lions Jersey , to 16,386.04. The S&P 500 edged down 0.15 point, or 0.01 percent, to 1 Miles Killebrew Lions Jersey ,917.68. The Nasdaq Composite Index added 21.91 points, or 0.49 percent, to 4,509.44.
Oil prices traded sharply lower in early trading Friday Anthony Zettel Lions Jersey , with both the U.S. oil and Brent crude slumping about 4 percent, after government data showed a rise in U.S. crude stockpiles.
Oil prices witnessed wild swings recently amid talks of a coordinated plan by producers to freeze output levels.
The U.S. oil has tumbled more than 22 percent over oversupply concerns since the beginning of the year.
On the economic front, the consumer price index (CPI) for all urban consumers was unchanged in January on a seasonally adjusted basis, the U.S. Labor Department reported Friday.
The index for all items less food and energy increased 0.3 percent in January T.J. Lang Lions Jersey , which increased 2.2 percent over the past 12 months. This is its highest 12-month change since the period ending June 2012 and exceeds the 1.9 percent average annualized increase over the last 10 years.
"The year-over-year headline CPI reading is in skyrocket mode, jumping from 0.7% in December to 1.4% in January. This is what the Fed means when they say the effects of energy and the strong dollar are transitory," said Jay Morelock, an economist at FTN Financial Darren Fells Lions Jersey , in a note.
On Thursday, U.S. stocks drifted lower after wavering in a tight range, as oil prices pared early gains amid worries about a global supply glut.
BERLIN, Nov. 4 (Xinhua) -- The German Federal Police started on Wednesday a large-scale raid against suspected international organized human smuggling rings.
The actions began early Wednesday morning and covered a total of 24 apartments in several German states Ricky Wagner Lions Jersey , according to reports by German newspaper Sueddeutsche Zeitung.
A police spokesperson was quoted as saying that approximately 500 police officers have been involved in the raid, including special forces units.
Behind this big raid is reportedly an investigation by prosecutors in Lower Saxony state into the prosecution of organized smuggling crimes. German authorities assume that many refugees have been brought to Germany by criminal gangs.
Germany's Foreign Intelligence Service (BND) has recently warned of an international network of traffickers in the light of large number of refugees from
BEIJING, Jan. 5 (Xinhua) -- Chinese mobile transportation giant Didi Chuxing partnered with Brazil's largest local shared mobility provider 99 to promote ridesharing, the company announced Thursday.
Under the terms of the partnership, Didi has made a strategic investment in 99, and will assume a seat on the Brazilian firm's board of directors, according to the statement released by Didi.
In addition, Didi will provide strategic guidance and support, spanning technology, product development, operations and business planning, as 99 continues its active expansion across Brazil and the broader Latin American market.
The Brazil mobile transportation giant offers on-demand mobility (ODM) services across 550 cities in Brazil, the world's second fastest-growing Internet market. It has over 140,000 registered drivers and more than 10 million user downloads.
The two companies will share their experiences to explore sustainable technology solutions to support smart-city initiatives, as the two nations work toward a comprehensive strategic partnership.
"We welcome Didi to Latin America, whose financing, state-of-art technology and operational knowledge will play a key supporting role as 99 actively expands our network and services in Brazil and reshapes the competitive landscape in Latin America," said Peter Fernandez, 99 CEO.
"China and Brazil are the world's foremost emerging markets with enormous opportunities for our ridesharing industry," said Cheng Wei, founder and CEO of Didi Chuxing, adding that Didi looked forward to working with more global partners.
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