U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.
At CES 2012, Corning will introduce the next-generation of its damage-resistant specialty glass for TVs, PCs, smartphones and tablets called Gorilla Glass 2. The new glass is said to be thinner than Gorilla Glass but maintain its predecessor's ultra-strength.
Hiring in the U.S. accelerated in December for a second month and jobless rate fell again to the lowest point in almost three years. Revised data show that hiring in October grew faster than initially reported, while hiring in November was revised down. All signs indicate a strengthening labor market heading into 2012.
A brewing crisis in the Middle East is causing an almost daily uptick in oil prices but early signs of a rebound in the U.S. economy is indeed offering substantial tailwind to crude too.
The company is also promising to show off a waterproof tablet that sports a bright OLED display, plus a 55-inch QFHD television with glasses-free 3D at the trade show that's scheduled in Las Vegas.
The top after-market NASDAQ Stock Market gainers are: ViroPharma, WebMD Health, Jazz Pharmaceuticals, Oritani Financial, and Momenta Pharmaceuticals. The top after-market NASDAQ Stock Market losers are: RF Micro Devices, Vical, Integra LifeSciences Holdings, Morgans Hotel Group, and Zoltek Companies.
While several monthly and quarterly economic data points indicate the U.S. economic recovery is gaining some momentum, investors/readers should also keep in mind several long-term factors that will continue to work against the recovery, and policy makers' effort to lower the U.S. unemployment rate.
A Thursday report based on payrolls showed that the U.S. private sector added more jobs than forecast in December, a very bullish sign that added to the hope of a strong official Labor Department report on Friday. Bond prices briefly turned down on the news. Yields on 10-year notes declined 2 basis points to 1.96 percent, after touching 2.03 percent following the data.
The number of planned job cuts at U.S. firms declined in December to the lowest level since June, but up from the same time a year ago, a report on Thursday showed.
Bigger is better for global automakers aggressively targeting growth in India's underdeveloped SUV market as the country's much-vaunted small car market stalls.
The average U.S. 30-year fixed-rate mortgage rate dropped to 3.91 percent, matching an all time low, in the week ending on Dec. 5, according to Freddie Mac.
New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely Eurozone recession.
Apple Inc. is expected to release iPad 3 anytime in the next two months, as reports and analysts forecast suggest February to March time frame.
Indiana House Democrats met behind closed doors on Wednesday, delaying the start of the 2012 legislative session and blocking action on controversial anti-union legislation backed by Republicans.
Seagate Technology Inc forecast stronger-than-expected second-quarter revenue and expects sequentially higher shipments in the third quarter, as the hard disk drive maker recovered from the supply chain disruptions caused by the Thailand floods.
The rumors about Apple's next tablet - dubbed iPad 3 - are surfacing endlessly, prompting Apple fans to wonder whether if the technology giant will drop the price of iPad 2, when the new tablet hits the market.
South Korea said on Wednesday it had approved a plan by Samsung Electronics Co to build a flash memory chip plant in China seen costing some $4 billion, as a boom in smartphones and tablet computers fuels the chip industry's growth.
European shares slipped from five-month highs on Wednesday, with Italy's UniCredit leading banks lower after it priced a capital increase at a deep discount, suggesting a weak appetite at a time when several lenders face capital increases.
Japan's leading share average rose to a three-week closing high on Wednesday after better-than-expected economic data from the United States and China, although strategists said the rally could stall if the euro holds below 100 yen.
Attention Deficit Hyperactivity Disorder (ADHD) is an extremely common psychiatric disorder in the U.S. According to the Centers for Disease Control (CDC), approximately nine percent of children between the ages of four and 17 are affected with ADHD each year.
Wall Street stocks kicked off 2012 with a rally on Tuesday after construction and factory data signaled the U.S. economic recovery was gaining steam.
