Money in a Minute: Headlines for March 21, 2011

What's Hot

Do This or Your iPhone Bill May SkyrocketSave

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

11 Places in the World Where You Can Afford to Retire in StyleMore

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

32 of the Highest-Paid American SpeakersMake

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

9 Tips to Ensure You’ll Have Enough to RetireFamily

30 Awesome Things to Do in RetirementCollege

5 Spots Where Retirees Can Live for Less Than $40,000Real Estate

10 Ways to Reduce Your Homeowner’s Insurance RatesFamily

10 Ways to Pull Together the Down Payment for a HomeCredit & Debt

Chew on This: The Story Behind Your Hershey’s Halloween TreatsBusiness

In today's news: Will cars from Japan be radioactive? How high can gas prices climb? Why is Starbucks raising its prices?

MARKETS: Stocks Higher Despite Problems in Libya, Japan

Stocks were higher worldwide Monday despite higher oil, fighting in Libya and the continuing problems with Japan’s nuclear reactor.  As of 6:30 EST, U.S. stocks were also poised to open higher.

In early trading today, oil gushed higher by nearly $2 a barrel to $103 a barrel.  But virtually every European stock market is higher in early trading, and Asian markets ended Monday’s trading with solid gains. Japan’s market was closed for a holiday.

Why are stocks rising? Because events in Japan and the Middle East aren’t expected to derail the global economic recovery. According to the Associated Press, Citigroup Global Markets offered this explanation: “Equities have been hit by Middle Eastern turmoil … and now the Japanese earthquake. The bigger risk for the future is likely to be a further spike in oil prices. Overall, however, if these events leave the global economic recovery intact, as we expect, investors should look to buy.”

AUTO: Will Japanese cars track radiation back to the U.S.?

While Japan still copes with radiation leaks from damaged nuclear reactors, Nissan announced it was monitoring its plants “for any traces of radioactive material,” USA Today reports. No word yet on what Nissan has found.

FUEL: Gas prices climb nearly 7 cents a gallon

A gallon of regular is going for an average of $3.57 – 6.65 cents higher than it was only two weeks ago. That’s more than 75 cents higher than it was a year ago, CNN Money reports.

FOOD: Record beef price gains as corn cost slows feedlot cattle buying

Feedlot operators, who buy the cattle that eventually become our burgers, bought nearly 2 percent less last month. That will eventually mean even higher prices at the grocery store. “Rising demand helped send U.S. beef to a record $4.288 a pound on average at supermarkets in February, as corn prices reached a 31-month high and the pace of food inflation accelerated,” Bloomberg reports.

HEALTH: Genomic Health says gene test alters breast cancer therapy

A company that makes a gene test for breast cancer says its technology has reduced expensive and painful chemotherapy treatments 33 percent in Europe. No word yet when that technology come to the United States.

COFFEE: Starbucks raises prices for packaged coffee

If you buy Starbucks packaged coffee to save money, be warned: USA Today says the company “raised the price it suggests stores charge to $9.99 from $8.99 for a 12-ounce package of Starbucks coffee and to $7.99 from $6.99 for Seattle’s Best.” It’s the first hike since March 2008, and Starbucks officials say it’s to cover the higher price of beans.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Ways to Save More at Big Lots

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,722 more deals!