The Internatioal Labor Organization wing of the UN reported that unemployment worldwide will worsen this year. In the summary, the ILO’s researchers stated Over the past year, labour markets have been affected by the…
Global markets began to rally today, and the trend may continue as speculation that the Federal Reserve will start QE3 widens. The main cause of the speculation is that US GDP grew only 2.2%,…
Gas prices continued to slip, but that may not last long. Oil has reversed its sell-off. According to AAA Fuel Gauge, a gallon of regular based on the average price across the country was…
Add to all of Spain’s other woes, its economy moved into recession as gross domestic product fell 0.3% from the fourth quarter of 2011 to the first quarter of this year. It dropped by…
Apple (NASDAQ: AAPL) reacted to a New York Times article which detailed the manner in which it lowers its own corporate taxes and those of its workers. The newspaper did not accuse Apple of any…
Men with erectile dysfunction can get relief twice as quickly as was possible in the past. VIVUS, Inc. (NASDAQ: VVUS) received FDA approval for STENDRA (avanafil) tablets. The firm says that it is the “first…
None of the analysts who cover Procter & Gamble (NYSE: PG) like Chairman & CEO Robert A. McDonald. He has been CEO for three years. The stock has handily under-performed the S&P 500 since…
N9kia (NYSE: NOK), already almost without a pulse, was downgraded to junk by S&P. The agency said Standard & Poor’s Ratings Services said today that it had lowered its long-term corporate credit rating on Finland-based…
Samsung passed longtime global handset leader Nokia (NYSE: NOK) in the first quarter, according to Strategy Analytics. Global handset shipments reached 368 million units for the period, and the South Korean company had a…
The American dream that people would retire at 65 with adequate savings is dead. It has been killed by the recent habit in the United States of saving too little for living the last part…
Some people around the world are doing very well financially. Starbucks (NASDAQ: SBUX) is selling a record number of $5 coffee drinks. Daimler’s results were unexpectedly strong as Mercedes sales were better than expected.…
The war among politicians between the economic values of austerity and stimulus has heated up again. French presidential candidate François Hollande said German leader Angela Merkel cannot decide the financial fate of Europe on her own. Bloomberg quotes Hollande as…
S&P downgrades Spain and presses for EU action on debt. (Reuters) The U.S. economy slows as inventories fall. (Reuters) The Bank of Japan increases yen purchases to 10 trillion. (Reuters) U.S. companies worry more…
The debate over the fate of the Postal System continues. The Senate passed legislation which would fund the agency so that it will not have to make substantial personnel, office location, or service cuts.…
Richmond Fed President Lacker went public with his objections to the Federal Reserve’s decision to keep rates low through 2014. He issued this statement: “The Federal Open Market Committee released a statement following its…
New home buyers have begun to suffer from the drop in housing prices. Reuters reports that one million Americans who have taken mortgages in the last two years are “underwater”. The data provided to…
The war among politicians between the economic values of austerity and stimulus heated up more. French presidential candidate Francois Hollande said German leader Angela Merkel cannot decide the financial fate of Europe on her…
Spain’s National Statistics Institute said the nation’s unemployment rate last quarter was 24.4%, a staggering number. That came less than one day after S&P downgraded Spain’s debt to BBB+/A2 from A/A-1 based on the nation’s deficit plans and budget…
The United States is more peaceful now than at any time in the past 20 years. Nevertheless, violence still cost the economy at least $460 billion in 2010, through a combination of lost productivity…
French presidential candidate François Hollande, the likely winner of the upcoming election, says he will block planned job cuts at private companies as a way to keep unemployment from growing. According to Bloomberg, Hollande said:…