Obama eyes bank bailout funds to create jobs, help businesses get loans; speech on Tuesday WASHINGTON (AP) — Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a suddenly available pot of money left over from the government’s …
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Stocks drop as investors worry about consumers – Wall Street
Posted on: August 14th 2009 in Market News.
Stocks retreat after 2 days of gains as investors worry consumers will hurt economy’s recovery NEW YORK (AP) — The fear on Wall Street is that nervous consumers are going to short-circuit the economic recovery. Stocks fell sharply Friday after investors were disappointed by…
Fed more hopeful on economy; holds record low rate – Wall Street
Posted on: August 13th 2009 in Market News.
Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to…
Stocks fall as traders await Fed’s take on economy – Wall Street
Posted on: August 11th 2009 in Market News.
Stocks slide as investors look to Fed for read on economy; wholesale inventories fall NEW YORK (AP) — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the…
Stocks edge lower on mixed signals on the economy – Wall Street
Posted on: July 28th 2009 in Market News.
Stocks drift lower as uneven earnings weigh on market, putting two-week rally on hold NEW YORK (AP) — Mixed reports on the economy and earnings Monday sent the stock market drifting lower and easing off a two-week rally that lifted major indexes 11 percent. A government report sai…
Big tech earnings week will reveal economic trends – Wall Street
Posted on: July 19th 2009 in Press Releases.
SEATTLE (AP) — The technology sector is often talked about as if it were a unified front, an easy-to-define monolith. People say technology stocks rose or technology stocks fell. Tech helped drive a huge boom in the 1990s, and when that collapsed in 2001, tech contributed to the las…
Great Speech, Obama! But Still Wrong About The Problem
Posted on: April 15th 2009 in Press Releases.
We can’t say enough about the joy of having a sharp, articulate, and charming president lead this country through this crisis. Every time we watch Obama speak, our confidence is restored. That said, we wish Obama didn’t spend so much time hanging out with …
Economy has bottomed out; see +ve IIP no in April: Expert
Posted on: April 10th 2009 in Press Releases.
The Index of Industrial Production (IIP) for February has come in at -1.2% as against 9.5% year-on-year and negative -0.5% month-on-month. Atsi Sheth, Chief Economist, Reliance Equities, said the worst was however behind the economy. “IIP at -1.2% was actually …
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