Economists estimate that when Japan reports its December quarter GDP on Feb 15, it will show that the economy probably grew at the fastest pace since the first quarter of 2008, up 3.6%, as a
US stocks zigzagged today and closed mostly down. Consumer confidence did a bit of a retreat in the face of rising unemployment causing investors to worry that the recovery may be delayed. As you can imagine, data points like these are beginning to feed the debate for another stimulus pac Read more...
Two trillion in foreign exchange reserves
July 9, 2009
US stocks edged modestly higher today, primarily encouraged by the smaller than expected loss at aluminum giant Alcoa. In addition, a separate report showed wholesale inventories although continuing their decline in May did so at a slower pace than in the previous month, keeping hope alive for Read more...
Second quarter earnings season officially underway
July 8, 2009
It was a wishy-washy day on Wall Street. Two of the major benchmarks closed slightly up while one closed modestly down. Second quarter earnings season is now officially underway, with Alcoa, the aluminum giant, reporting a loss of 26c per share, which was actually better than the 38c loss analysts w Read more...
US stocks zigzagged today and closed mostly down. Consumer confidence did a bit of a retreat in the face of rising unemployment causing investors to worry that the recovery may be delayed. As you can imagine, data points like these are beginning to feed the debate for another stimulus pac