Rising dollar, weak economic data drags stocks lower; Dow gives up more than 135 points NEW YORK (AP) — A stronger dollar and more discouraging signs of a subdued economic recovery triggered a broad sell-off in stocks. Major indexes tumbled more than 1 percent Thursday, including …
Stronger dollar, weak economic data pummels stocks - WallStreet
Posted on: November 20th 2009 in Market News.
Bank failures top 100, only part of industry woes
Posted on: October 24th 2009 in Market News.
WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests. Dozens, perhaps hundreds, of other banks remain open even tho…
Job Losses at Worst Level in 26 Years - WallStreet
Posted on: October 3rd 2009 in Market News.
U.S. Sept non-farm payrolls plunge 263,000 WASHINGTON (Reuters) - U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic…
Wall Street Drops on Recovery Worry, RIM Results
Posted on: September 26th 2009 in Market News.
NEW YORK (Reuters) - U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion’s lackluster results dented optimism about technology spending. Economic reports showed that new orders for long-lasting U.S. manufactu…
Next Leg Down Will Be “More Painful Than The Last,” Pento Says
Posted on: September 16th 2009 in Market News.
Puzzled by the strength and duration of the stock market rally? Michael Pento, chief economist at Delta Global Advisors, says it all makes perfect sense. “If the Federal Reserve is going to pay you less than 1% to deposit your savings… what are you going to do with that money?…
Fed Survey: Worst Recession Since 1930s Appears to Be Over-
Posted on: September 10th 2009 in Market News.
WASHINGTON (AP) — Economic activity is stabilizing or improving in most of the U.S., according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve’s snapshot of economic conditions backs predictions by Fed Chair…
Wall Street Tumbles on Bank Failure Worries
Posted on: September 1st 2009 in Market News.
NEW YORK (Reuters) - Stock indexes fell 2 percent on Tuesday, pushing the S&P 500 below the 1,000 threshold, on increased worries there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery. The Dow Jones industrial average lost 189….
Japan also moves out of recession
Posted on: August 17th 2009 in Press Releases.
Japan`s economy grew by 0.9% in the April-June quarter from the previous quarter on the back of improved exports and an increase in private spending After Germany and France, it is now the turn of Japan to pull out of the worst recession in several decades. Data released by the Governmen…
Weak economic data puts stock market rally on hold
Posted on: August 6th 2009 in Market News.
Wall Street rally goes on hold after report of weakening business at service companies NEW YORK (AP) — Wall Street’s summer rally is on hold as reminders of the economy’s weakness give investors reason to take some profits. Stocks fell moderately Wednesday after an un…
“Everyone Is So Bullish”: Why Peter Boockvar Is Still Bearish on America
Posted on: August 4th 2009 in Market News.
he International Monetary Fund may be predicting a gradual economic recovery for the U.S. but there’s nothing gradual about the way stocks are rallying. The Dow Jones Industrial Average just capped its best monthly gain since 2002 and the S&P 500’s rallied more than 12% s…
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