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
Today, President Barack Obama called the news that employers cut 467,000 jobs in the month of June “sobering.” Not only did the economy shed more jobs than predicted during June, but the decline surpassed that of the month of May and cast fresh doubt on the prospects for a meanin Read more...
Global economy may be healing
July 1, 2009
Today, a slew of positive reports reassured investors and sent the markets modestly higher. The list includes news that manufacturing activity in China expanded for the fourth straight month in June, suggesting that the global economy may be healing. Additionally, a benchmark of m Read more...
Remarkable second quarter for US equities
June 30, 2009
The US equity markets closed the day firmly in the red, down almost 1% but ended the second quarter on a remarkable note with both major benchmarks (DJIA and the S&P500) reporting the first quarterly gains since the third quarter of 2007, up 11 percent and 15.2% respectively.
Reasons for the e Read more...
Today, President Barack Obama called the news that employers cut 467,000 jobs in the month of June “sobering.” Not only did the economy shed more jobs than predicted during June, but the decline surpassed that of the month of May and cast fresh doubt on the prospects for a meanin