You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.
The Tea Party Patriots have denounced Rep. Maxine Water's telling them to go straight to hell, and are calling on President Obama to do the same.
The most widely held academic background was government and law (34.8 percent) followed by the humanities (20.9 percent). Science and technology accounted for 11.5 percent) .
You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
Four leading Republican presidential candidates have pulled even with President Barack Obama in a new poll, signaling a close race in 2012.
Chinese Vice Premier Wang Qishan reaffirmed Beijing was sticking to a prudent monetary policy in remarks published on Monday, and stressed the need for banks to increase support for small firms and the agricultural sector.
Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong.
Pimco's Bill Gross says a new recession in the U.S. is likely. Gross is manager of the world's largest bond fund. He says the decline in U.S. Treasury yields to 60-year lows reflects a high probability of a new recession, or a double-dip, in America.
Genna Saucedo supervises cashiers at a Wal-Mart in Pico Rivera, California, but her wages aren't enough to feed herself and her 12-year-old son.
The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,
Bachmann continues to pound away at Obama’s weak handling of the economy.
With the U.S. recovery having slowed considerably, and Europe debt woes persisting, investors will look to Fed Chairman Ben Bernanke's Jackson Hole, Wyo. speech later this week to provide clues regarding the central bank's evaluation of the economy, and at what point it thinks additional stimulus would be needed.
U.S. President Barack Obama said on Sunday he expects to be judged in the 2012 election over his governance of the American economy, which he said was still not growing fast enough.
A summary of all-things Washington for Monday, August 22, 2011.
President Barack Obama, perhaps seeking a break from harsh reality after a tough summer battling the economy and Republicans in Congress, has picked a summer reading list that is long on fiction.
A torrential rainstorm forced Pope Benedict to abandon a speech to hundreds of thousands of young people gathered at an aerodrome outside Madrid on Saturday.
A vacationing President Barack Obama accused Congress on Saturday of holding back the economic recovery by blocking common sense measures he said would create jobs and help growth.
Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.
The company has about 15,000 employees in the Charlotte area.
To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.
There are an estimated 7,000 Verizon workers on strike in the Garden State.
