US Initial Jobless Claims Fell To 410K Last Week, Still High Due To Sandy
The initial jobless claims statistic is still being distorted by the hurricane that inflicted enormous damage on the northeast U.S.
Billionaires Soros, Paulson Bullish On Gold With Prices Expected To Hit Records
Gold prices will likely average $1,925 an ounce in the fourth quarter of 2013.
Moody’s Strips France Of Triple-A Rating; But There's A Silver Lining
The decision should help President Hollande convince his compatriots that more reforms are needed.
Twinkies Might Live On - Hostess, Bakers Union Agree To Mediation: Reports
Twinkies might not be leaving your local grocery store shelf after all.
Shadow Banking Hits Record $67 Trillion Globally, Led By The US; FSB Urges Tough Rules
It’s hard to regulate what you can’t see.
Greece Bailout, BoJ Meeting, US Housing Data: Economic Events For Nov. 19-23
Counting down to Thanksgiving.
Xi Jinping, China's New Leaders: Is The Chinese Economy About To Get Real Reform?
China is at a crossroads: Will the country's new bosses drive it toward critical changes in the economy or on a road to nowhere?
HP, Deere, Best Buy, Lowe’s: Earnings Reports To Watch, Nov. 19-21
A short week is in store for investors, with U.S. markets closed for the Thanksgiving Day holiday on Thursday.
Central Bank Gold Demand Still On Track To Hit Highest Level Since 1964; Despite Q3 Dip
Diversification of reserve assets remains the driving force behind gold demand by central banks.
China To Replace India As Biggest Gold Consumer For First Time
For now, India is still the largest buyer of gold by a small margin.
Euro Zone Headed For 2nd Recession In 3 Years
The euro zone is in its worst downturn since the early days of 2009.
IEA Cuts Global Oil Demand Forecast
Weak global economic growth will likely continue to limit oil demand in 2013.
Retail Sales, FOMC Minutes, Euro Zone Q3 GDP: Economic Events For Nov. 12-16
Data releases this week are expected to show some of the economic impact caused by Sandy.
Japan’s Economy May Already Be In Recession
Japan’s economic indicators have deteriorated since Sept., suggesting the nation has entered its 5th recession in 15 years.
India To Post Slowest Growth In A Decade As Industrial Output, Exports Decline
The sharp slump in output will bolster calls for an interest rate cut from the Reserve Bank of India to perk up the economy.
Hurricane Sandy And The Broken Window Fallacy
Natural disasters don't “help” an economy, but rebuilding efforts can provide a modest boost to economic growth for a while.
Is China’s October Data (Posted Amid Leadership Change) Too Good To Be True?
Some skeptics have questioned whether the upbeat reading on China's economic activity can be believed.
Dell, Wal-Mart, Home Depot: Earnings Reports To Watch, Nov 12-16
The earnings calendar for the week ahead will be comparatively light, but we will still be hearing from a number of household names.
CBO Warns Again: 'Fiscal Cliff' Could Lead To Recession, Higher Jobless Rate
Going over the cliff could tip the U.S. economy back in to a recession, economists agree.
US Seen Becoming Less Dependent On Foreign Oil
President Barack Obama has also pledged to eliminate U.S. dependence on imported oil.
US Initial Jobless Claims Fall To 355K, Distorted By Sandy
Fewer people than expected filed for initial jobless claims last week due to Hurricane Sandy.
Boeing Revamps Defense Unit, Targets $1.6B In Savings: Reports
The Boeing Company (NYSE: BA) is shaking up its defense division in response to dwindling defense spending in the U.S.
EU: Europe's Recession Worse Than Feared
There is just not much good news coming out of the crisis-hit currency bloc.
China October Economic Data Preview: More Signs Of Life
Upcoming October data may offer further evidence that China's economy has bottomed out.
Hurricane Sandy’s Impact On Corporate America: A Sector-By-Sector Analysis
A survey of the winners and losers from Hurricane Sandy.
Suzuki To Pull Out Of US Car Market Due To Strong Yen
Strong Japanese yen claims another domestic export-oriented business: Suzuki Motor Corp.
US Presidential Election, Greek Parliament Vote, China’s Leadership Transition And October Data : Economic Events For Nov. 6-9
This week, the two largest economies will have political transitions, three central banks will meet, and Greece's parliament is set to vote on key reforms.
US Retailers Expect Biggest Holiday Sales Gain Since 2007 As New Tablets Flood The Market
Retailers forecast higher holiday sales as a flurry of new touch-screen toys were released just in time to stuff those Christmas stockings.
Growth In US Nonmanufacturing Activity Fell Last Month
The fall in the headline ISM services index follows the small rise in the ISM manufacturing index reported last week.
US Adds Better-Than-Expected 171K Jobs In October, Unemployment Rate Ticks Up To 7.9%
The better-than-expected pace of job creation in October is still not enough to make a dent in the unemployment rate.
