10.2% Unemployment In The USA !

U/E moves higher to 10.2%

The initial reaction to the jobs number was negative.  This is the problem that won’t go away.  70% of the GDP is the consumer and 10.2% of them are n...

Treasurys slide after strong GDP report

Treasury prices fell Thursday after a report showed the world's biggest economy expanded last quarter and the government sold $31 billion in 7-year notes.

IMF expects Baltic economies to fall by 3.7 pct in 2010

IMF writes in its fresh world economic outlook that Baltic GDP will fall by 3.7 pct next year.

Stock News Briefs: CIT Still Struggling; Bank Of America Exec Takes Over Hartford Financial

IMF Lowers Global Writedown Estimate; CIT Still Struggling; $1.6 Billion Hong Kong IPO for Wynn Macau; Wal-Mart, Kmart Gunning For Holiday Toy Sales; Toyota Announces Record Recall; BofA Exec ...

A Somber G-20

As a part-time member of the press corps, I had the good fortune to attend many of the public sessions at last week’s G-20 meeting in Pittsburgh. As impressive as it was to closely witness...

U.S. GDP Revised Up, But Economic Growth Is Unlikely To Gain Momentum

After contracting by 6.4% in the first three months of the year, the U.S. economy shrank just 0.7% in the April-June period. But while many analysts believe growth resumed in the third quarter...

US GDP Is Irrelevant To Stock Investors

The American economy contracted only 0.7% in the second quarter, the government finalized today. That’s down from its previous projection of 1% and practically seals the deal for a posit...

ISM Contraction Creates US Dollar Chaos

A mid-morning report showing an unexpected reversion to economic contraction in the Chicago-area had the same impact on currency values today as the butterfly that flapped its wings in the Amazo...

Stock Futures Point to Higher Open

US stock futures point to higher open after updates on GDP, employment data

U.S. Q2 GDP down 0.7% vs 1.0 prev est

U.S. real gross domestic product for the second quarter was revised to a decline of 0.7% annualized from the earlier estimate of a 1.0% drop, the Commerce Department said Wednesday. The improvement...
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