Wall Street holds modest gains
BigPond News - Wed Nov 25, 5:32 pm ETWall Street shares rose following a drop in weekly unemployment claims to the lowest level of the year.
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Wall Street shares rose following a drop in weekly unemployment claims to the lowest level of the year.
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Wall Street traded modestly higher on Wednesday after a series of data showed rosy economic outlook. The U.S. Labor Department said the number of people filing first-time claims for jobless benefits fell by 35,000 to 466,000. That was the lowest level for initial claims since the week of September 13, 2008, and was far better than the 500,000 that economists had expected. Spending by U.S ...
Onstage, Terrified – "It is always reassuring to read about the performance anxiety of the successful--whether it's a star pitcher feeling jittery before starting a World Series game or a concert violinist who admits to going into a meditative trance before walking out onstage," writes Philip Delves Broughton of the Wall Street Journal in his entertaining review of Scott Berkun's Confessions of ...
Wall Street’s main barometer of investor sentiment did not show much fear on Wednesday, as it sank to its lowest level in 15 months.
Demand for business loans at the biggest Utah-headquartered bank seems to have bottomed out and is rising again, suggesting the recession's tenacious grip on Utah credit markets may be easing.
While the global financial crisis may have slowed down the emission growth of CO{-2} from fossil fuels, it has not stopped it. From 2007 to 2008 global emissions from fossil fuels increased by 2.2 per cent. ...
Encouraging results from Tiffany added to the holiday cheer on Wall Street but weaker oil prices kept stocks flat in early trading on Wednesday.
In the lead up to the financial crisis, Ben Bernanke was Sancho Panza to Greenspan's Quixote, gleefully touting banking deregulation while blind to the dangers of an $8 trillion housing bubble. He celebrated an economy where incomes of most Americans were declining, household debt was soaring, and inequality reached Gilded Age extremes. Once named Fed Chair, he chose not to exercise the ...
Despite the near collapse of the financial system, some Wall Street banks are reporting large profits and planning to give out larger bonuses than they did in 2008. That news has raised howls of protest and sparked new calls for compensation reform. Others, including some in the government, worry that restricting bonuses might result in loss of talent at a critical time.
ROBYN BECK/AGENCE FRANCE-PRESSE Poker players like Joe Cada have skills that could make them good Wall Street traders. Brandon Adams, who teaches behavioral finance at Harvard University’s Department of Economics, says some of the best candidates for Wall Street trading...
WASHINGTON - The World Bank on Tuesday approved two billion US dollars in loans for Mexico to help it weather the global financial crisis and the swine flu pandemic.
Wall Street edged lower Tuesday, after the U.S. government reported that the economy grew at a slower pace in the third quarter than first anticipated. The Commerce Department says the economy grew at...
The global financial crisis has little impact on the 2010 Shanghai Expo, senior Shanghai officials said Tuesday. "The participation of 242 countries and international organizations has made the expo unprecedented in scale," said Yang Xiong, deputy director of the Executive Committee for the Shanghai Expo, in a report to the Paris-based International Exhibitions Bureau (BIE). Many participants ...
HONG KONG -- Asian markets fell Tuesday as dealers shrugged off a strong lead from Wall Street, with deflation fears pushing Japan lower while Shanghai and Hong Kong dropped on liquidity fears in Chin...
Wall Street lost value overnight after official figures showed the US economy grew at a slower rate than expected in the third quarter. GDP registered 2.8 per cent as opposed to the 3.5 per cent the ...