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Government Layoffs Hit Record Levels
Jun. 6 | State and local governments cannot help the unemployment problem. The cash-strapped sector has even laid off a record breaking number of people since the start of the fiscal year on July 1. State and local governments are expected to layoff workers from...
Stocks End on a High Note for May
Jun. 1 | The movement of the US stocks began gaining momentum Tuesday afternoon, but the gains were not enough to save all the losses for the month. The stock market’s condition in May is the worst that it has been since August 2010. The Dow fell by almost 2%...
Stocks Expected to Make Profit
May. 26 | US stocks are expected to make gains Thursday, as more traders are preparing for the last pieces of government data about the economy and the job market. Dow Jones industrial average, Nasdaq and S&P 500 futures used to be higher before the opening...
Lagarde Gets Support for IMF Management from British and Europe
May. 22 | The UK will support Christine Lagarde, French Finance Minister, to be International Monetary Fund’s managing director, according to Chancellor of the Exechequer George Osborne, which adds to the European endorsements for the finance minister. Osborne...
Treasures Get into a Waiting Game
May. 21 | Treasury prices saw few changes this Friday while investors are still waiting for the huge dump of economic data next week. The data dump will start coming this Tuesday with reports about new home sales, reports on initial unemployment claim, GDP, durable...
Tech Shares Affect Stocks
May. 17 | US stock futures experienced a bit more pressure Tuesday when the investors learned about the weak results reported by Hewlett-Packard and as they wait for the earnings reports from the industrial and housing industry. HP has a 3% increase in sales but...
Gas Prices Show Signs of Decrease
May. 7 | The continuous increase in gas prices was broken last Friday, but economists say that this is not enough for people to celebrate as yet. Gas prices have showed a rising trend for a month but this changed on Friday when regular gas price reduced by a tenth...
Oil Reduces in Price Below $100
May. 6 | Oil prices showed good development last Thursday when it decreased more than 8% due to the strengthening dollar campaign leading to the biggest drop even for a day since April 2009. The US oil contract for this June is dealt at $9.44 to $99.80 per barrel....
Comcast Profit Increases
May. 4 | Comcast Corporation, largest US cable company, reports their first quarter revenue and profit which shows an increase due to the rise in the number of broadband subscribers and the successful purchase of NBC Universal. According to the report, the company’s...
