Economy
Stocks: Wall Street Hits the Panic Button
A frightened Wall Street flooded the stock market with sell orders June 6, sending major indexes plunging 3% and giving investors plenty to ponder over a warm summer weekend. The big question: Is this a temporary mood swing for a nervous market? I...
Author:Ben StevermanDate:07/07/08Click:0 Full Story...
Vital Signs: Will We Escape a Recession?
Over the past several weeks, an important trend in much of the economic data has emerged: Reports have generally beaten expectations. Of course, the numbers still portray a weak economy that remains vulnerable to any new shock from the financial mar...
Author:James CooperDate:07/07/08Click:0 Full Story...
A June Swoon for Stocks?
U.S. equity markets continue to be challenged by the prospect of recession, the effectiveness of recent Federal Reserve rate cuts, companies' downward earnings revisions, slumping consumer confidence, and elevated oil prices. Despite these headwinds...
Author:Sam StovallDate:07/07/08Click:0 Full Story...
Jobs: A Slowing Slowdown?
Could the worst of the U.S. labor-market slump be behind us? Nonfarm payrolls, as detailed in the government's monthly employment report, dropped by 76,000 to 80,000 in each of the first three months of 2008, but only fell by 20,000 in April. For ou...
Author:Rick MacDonaldDate:07/07/08Click:0 Full Story...
Bernanke Puts the Dollar on Fed's Radar
by Action Economics staff Federal Reserve officials almost never speak directly on the U.S. dollar, a matter usually left to the Treasury Dept. But the Fed hasn't stuck to its traditional playbook in the past few months, with a speech via satellit...
Author:Date:07/07/08Click:0 Full Story...
Investing: Keeping Inflation at Bay
After decades in remission, inflation is making a comeback. Rising prices already are making consumers miserable and squeezing corporate profits, but inflation also might cripple investors' returns if they're not careful. It's not yet clear that h...
Author:Ben StevermanDate:07/07/08Click:0 Full Story...
Vital Signs: A Fragile, But Growing Economy
What recession? It's a question gaining more attention with every new month's worth of economic data. Through April, at least, reports plainly show a fragile economy but one that's still growing, albeit feebly. Since the credit-market blowup began...
Author:James CooperDate:07/07/08Click:0 Full Story...
Vital Signs: Will Oil Spoil a Recovery?
Just when the economy seemed to be on a little firmer footing, along came $130 oil. Sky-high crude threatens to be a game changer in the outlook. It’s an even heavier burden for already-shaky consumers. It’s a formidable new obstacle for business...
Author:James CooperDate:07/07/08Click:0 Full Story...
Stocks: When the Rate Music Stops
We all know that investors are anticipators. So it should come as no surprise that the Standard & Poor's 500-stock index advanced an average 19% during the 12 times since World War II after the Federal Reserve Board started a rate-cutting progra...
Author:Sam StovallDate:07/07/08Click:0 Full Story...
Recession Watch: Oil, Inflation, the Fed
Oil prices reached nosebleed territory on May 21, moving above $133 per barrel in New York trading—on the same day that Federal Reserve officials expressed growing concern about inflation. Here's a roundup of what policymakers, economists, and...
Author:Date:07/07/08Click:0 Full Story...
Oil jumps on stimulus plan agreement
NEW YORK - Oil futures jumped more than $2 a barrel Thursday after the Bush administration and Congressional leaders agreed to an economic stimulus plan that will give most Americans tax rebates of $600 to $1,200, or even more if they have kids. Pr...
Author:JOHN WILENDate:06/28/08Click:5 Full Story...
Gates' optimism jolts economic forum
DAVOS, Switzerland - Buoyed by optimism from Bill Gates, business and government leaders at the World Economic Forum on Friday set aside two days of confronting fears and considered the positive things they can do. Gates, the Microsoft chairman and...
Author:ALEXANDER G. HIGGINSDate:06/28/08Click:3 Full Story...
Senate pressured to OK stimulus deal
WASHINGTON - A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure. Few public developments were expec...
Author:ANDREW TAYLORDate:06/28/08Click:0 Full Story...
Bernanke in hot seat as market turmoil spikes
WASHINGTON (AFP) - Federal Reserve chairman Ben Bernanke is facing the biggest challenge of his career amid fears the US economy is sinking into a recession, analysts say. Market criticism of Bernanke, who presided over a surprisingly deep interest...
Author:Justin ColeDate:06/28/08Click:0 Full Story...
U.S. plan could forestall recession: Nasdaq CEO
DAVOS, Switzerland (Reuters) - Nasdaq Stock Market (NDAQ.O) President and Chief Executive Bob Greifeld said on Thursday a U.S. stimulus package had the ability to forestall a recession in the world's largest economy. "I think the stimulus pack...
Author:UnknownDate:06/28/08Click:0 Full Story...
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