US Auto Sales Up In March On Low Interest Rates
U.S. sales of autos surged in March as consumers decided to replace aging gas-guzzlers and take advantage of low interest rates, especially to buy fuel-efficient vehicles.
Spain’s Unemployment Hits Record In March, Adds To Deficit Woes
Unemployment in Spain, where more than half of young people are out of work, rose for the eight straight month in March to a fresh record high, adding to the risk of an economic contraction as the government struggles to cope with its ballooning public debt.
Wolfson Economics Prize Shortlist: Jurre Hermans, 11, Has Plan To Save Euro Zone
Jurre Hermans, an 11-year-old boy from the Netherlands, has astounded economists by offering a simple solution to the problem of Greek solvency in the European Union. He has been awarded a special mention for the prestigious Wolfson Economics Prize. Five shortlisted entrants have also been announced.
Spain's debt on track for highest in 22 years
Spain's debt levels will jump to their highest since at least 1990 this year as the economy sinks into recession and borrowing costs rise.
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Australia Aims At Recruiting Skilled US Workforce To Address Employee Shortage
Australia is looking at recruiting American workforce to solve the acute shortage of skilled labor in the country's civil engineering sector. Australia has been facing severe workforce crunch, but the relatively good economic growth has further increased the demand for the workers.
Euro zone unemployment reaches near 15-year high
Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they expected job office queues to grow even longer later this year.
Casey Anthony Staying Clean: No Drug And Alcohol, But Still Unemployed
Casey Anthony, America's most hated mother, is still unemployed, but has been attending her school, according to her March probation report.
US Economy In Early 2012 - Has The Renewal Begun?
In a sense, a controversial radio talk show host, and former Fox News commentator, had it right: The United States could be headed for a major period of social unrest -- or worse -- but not for the reasons he stated.
Five Social Conditions That Could Collapse The U.S. Economic System
In a sense, the controversial radio talk-show host and former Fox News commentator Glenn Beck had it right: The United States could be headed for a major period of social unrest -- or worse -- but not for the reasons Beck stated.
Nonfarm Payroll Report, FOMC Minutes: This Week’s Economic Events
The U.S. nonfarm payroll report on Friday will highlight the economic calendar this week -- April 2 to 6 -- even though it will be released on Good Friday when the stock market is closed.
US Consumer Sentiment At Highest Level In Year: University of Michigan
U.S. consumer sentiment rose in March to the highest level in more than a year as sustained job gains and consumer spending offset rising gasoline prices, according to data released Friday by Thomson Reuters and the University of Michigan.
Euro Zone In Technical Recession: Eurocoin Indicator
The euro zone has fallen into a technical recession, according to Eurocoin, an economic activity indicator, confirming the economic weakness of the battered region.
US Personal Spending Rose 0.8%, Most In 7 Months
Americans spent their hard-earned money a bit more freely in February, the most in seven months, even as income rose only modestly, according to government data released Friday.
U.S. Personal Spending Jumps 0.8%, Income Up 0.2% In February
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
Asian Stocks Down As Japan Industrial Output Retreats
Most of the Asian stock markets ended lower Friday as weaker-than-expected U.S. jobless claims and industrial production data in Japan hurt investors sentiment.
Markets Sell Off Despite Positive Jobs Data: Daily Markets Wrap
Positive jobs data from the U.S. and Germany were not enough to keep investors bullish Thursday, as a moderate asset sell-off continued, with traders apparently squaring up their positions in anticipation of earnings season.
South African Govt Gets Into Platinum Mining
South Africa's government is to plough $420 million into a public-private platinum venture with Pallinghurst Resources that has ambitions to become the world's third-largest producer of the precious metal.
Spain Strike: 58 People Detained, 9 Injured, Is It The New Greece? [PHOTOS]
Union workers held a general 24 hour strike across Spain Thursday to protest austerity cuts, labor reforms, and its record 23 percent unemployment rate.
Spain Disrupted By General Strike Against Government's 'Very, Very Austere Budget'
Unions brought Spain to a halt to protest heavy budget cuts by Prime Minister Mariano Rajoy's three-month-old government, but the government vowed to press on with its tough austerity measures and labor reforms.
Spanish Bond Yields Rise On Labor Unrest, Bailout Fears
A general strike and looming deficit pushed Spanish bonds yields up Thursday, leading investors to question if the country will be the next weakest link in the euro zone.
Greek Economic Crisis: What If It Happened In The U.S.?
What if the Unites States (a much larger and more powerful nation than Greece) were to face a similar crisis as the Greeks?
U.S. Mortgage Rates Fall Below 4% On Weaker Housing Data
U.S. mortgage rates fell below 4 percent following disappointing housing data released in the past week, Freddie Mac said Thursday.
German Unemployment Rate Hits Lowest Level in Two Decades
German unemployment rate fell to a record low in March, in contrast to many other nations in the eurozone which suffer from rising unemployment levels, while also showing evidence that growth in the Europe’s largest economy is picking up.
G-7 Recovery ‘Decoupling’ Between Europe, North America: OECD
Economic recovery in Europe and North America is diverging and remains fragile, as Canada and the United States experience steady growth and European economies continue to falter, a report by the Organization for Economic Cooperation and Development said Thursday.
Euro Zone Lagging Behind In Shaky G7 Recovery: OECD
Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said on Thursday, advising central banks to keep easy money flowing so the rebound does not prove short-lived.
Jobless claims fall to 4-year low in latest week
New claims for unemployment benefits fell to a fresh four-year low last week, according to a government report that showed ongoing healing in the labor market.
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