UNEMPLOYMENT

U.S. Stock Market: Post-Irene Rally or ‘Dead Cat’ Bounce?

U.S. Stock Market
Amid a sluggish U.S. job market, a patch-work recovery in the housing market sector, and now damage from Hurricane Irene, it's understandable if U.S. investors are hesitant regarding deploying new money to the stock market. Where's the Dow Jones Industrial Average headed from here?
Traders work on the floor of the New York Stock Exchange

Futures Off After Rally

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.
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Republicans Take Aim at Regulations, Taxes

Republicans in the House of Representatives want to create jobs by killing regulations on companies and passing tax breaks for small business and government contractors, Majority Leader Eric Cantor said on Monday.
International Monetary Fund (IMF) Managing Director Christine Lagarde

'Act now' to Save Global Recovery, IMF Chief Urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
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Los Angeles NFL stadium backers look to legislature

California's weak job market could spur lawmakers to help bring the National Football League back to Los Angeles, which has not had a franchise for more than a decade despite its standing as the second largest U.S. media market.
Bernanke quiet on next Fed moves, stresses job crisis

Bernanke quiet on next Fed moves, stresses job crisis

Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unemployment, giving some comfort to investors.
california governor jerry brown

California governor eyes jobs with tax credits

Aiming to spark job growth in California, Governor Jerry Brown unveiled proposals for tax breaks for businesses, including tax relief for companies that buy new manufacturing equipment.
The logo of a gold jewellery shop is seen in Bucharest

Gold Mining Stocks Falling but Gold Price Rises

Shares of major gold mining companies fell Friday in midday trading, after the head of the U.S. central bank used a closely-watched speech to indicate that the Federal Reserve had no immediate plans to stimulate the lagging economy with another round of bond buying.
U.S. Economy

GDP Revision: U.S. Economy Grew Just 1.0% in Second Quarter

The U.S. economy grew at a worse-than-expected 1.0 percent rate in the second quarter, the U.S. Commerce Department announced Friday, in its second estimate for the quarter, as lower export growth and a slowdown in inventory build-up braked the world's largest economy to near-stall speed.
Fed chairman Ben Bernanke

Bernanke Speech: What Will Fed Chairman Say?

Fed Chairman Ben Bernanke's much-anticipated speech Friday will likely disappoint investors and policy makers hoping for signs the central bank will try to rev up the weak economy, but the speech is likely to relieve gold investors who have booked big profits from that same economic malaise.
U.S. job seekers

Jobless Claims Rise, Skewed Higher By Verizon Strike

U.S. initial jobless claims unexpectedly rose by 5,000 to 417,000 last week -- a total skewed higher by an irregular event, the Verizon strike. However, if claims remain above the 400,000 level in the weeks ahead, that would be another sign that the U.S. economic recovery continues to slow -- exactly what policy makers do not want.
El Niño

Climate-Conflict Link May Help Avert Crisis: Study

A new study has revealed a stronger evidence for the climate-conflict link, with data showing that tropical countries affected by the El Niño-Southern Oscillation are twice as likely to suffer internal unrest compared to the phenomenon's cooler, wetter counterpart, La Niña.

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