All Economy
Retreat from stock market, impending European implosion worryingAn overall retreat from the US stock market, coupled with worries of a global recession and bear market has Bonner predicting investors won’t be getting off the hook very easily. The odds are high enough for him to advise wise investors to start looking for cover.
US jobs report: a cold blast of fearUS adds only 69,000 net jobs, the smallest gain in a year. Employers pull in their horns in the face of fears over the eurozone and worries about the US elections and the expiration of tax cuts.
Poor unemployment report points to troubled US economyThe US added 69,000 jobs in May, the Labor Department reported Friday – the third straight month of disappointing jobs numbers. The unemployment rate edged higher, to 8.2 percent.
April showers bring May flowers, not entrepreneurial growthWhile a new crop of May flowers may be blooming in Dr. Cornwall's garden, our entrepreneurial expert is less than sunny about the recent lack of growth shown by US small businesses, as measured by a variety of indices.
A recovery-less recovery? Analyzing the unemployment numbersToday's reports showed that conditions for the long term unemployed worsened notably in May and remained distressed by historic standards. Workers unemployed 27 weeks or more increased to 5.411 million.
National Donut Day: Free doughnuts inspired by WWINational Donut Day celebrates the women who served doughnuts to US troops overseas in the first World War. Get free doughnuts for National Donut Day at Krispy Kreme, Dunkin Donuts, and other chains.
Two heavyweights of economic statistics released this weekThe two heavyweights of economic statistics are released this week, but the with both the job market stats and numbers on economic growth, competing systems of data collection and presentation can sometimes create confusion.
Why Coke and McDonald's balk at big-drink ban in Big AppleBig Drink Ban: New York is a mega-market, but more importantly, the city sets the pace for other cities. Coke and other soft drink companies see trouble if the New York City big-drink ban spreads.
US economy weakens, unemployment rate rises to 8.2 percentUS employers added just 69,000 jobs in May, the lowest number in a year. The economic slowdown is bad news for President Barack Obama ahead of the November elections.
Spain capital flight doubles as risk of European bailout risesCapital flight from Spain has doubled to a new record and the country has demanded the European Central Bank recapitalize its teetering financial system, warning that the alternative is a broader bailout that could rock the European economy.
Properly used, a programmable thermostat cuts energy costsIf your household adjusts the temperature in your home, particularly in a clear pattern, a programmable thermostat (used properly) can really save you money, and pays for itself after just a few months of use.
Prepaid iPhone: $400. No contract. $55 a month for unlimited use.Prepaid iPhone will be offered by Leap Wireless starting June 22 in some cities. Open Mobile has already started selling a prepaid iPhone in Puerto Rico.
GOP outlines two ways to keep rates low on student loans; Democrats see 'ruse'On a day that Speaker Boehner reportedly called the student loan fight 'phony,' the Republican leaders outlined two ways to fund the subsidized student loan rates they say draw on Obama's own budget proposals.
Used car prices: Some models could plummet $900 in JuneUsed car prices have already begun to drop after a surge earlier this year. Easier credit, lower gas prices are among the factors easing still high used car prices.
US wages and Europe's austerity: the perfect stormWhat if Europe and the US converged on a set of economic policies that brought out the worst in both – European fiscal austerity combined with a declining share of total income going to workers? Given political realities on both sides of the Atlantic, it is entirely possible.
Sell in May and go away: Stocks close dismal monthWith a disappointing finish on Thursday, the stock market closed what was by some measures its worst month in two years. The Dow closed down 26 points on Thursday to end the month at 12393.
Newest jobless numbers show increase in initial claimsThe newest jobless claims report showed a notable increase to initial unemployment claims and a decline to continued unemployment claims while seasonally adjusted initial claims approached the closely watched 400,00 level.
Virgin Galactic spaceship cleared for test flightsVirgin Galactic's SpaceShipTwo, a commercial six-passenger spacecraft, to begin rocket-powered suborbital test flights, the company said on Wednesday. Virgin Galactic is owned by billionaire Richard Branson's Virgin Group.
Tax reform: The cases for going long-term, versus going prudentAs a behind-the-scenes debate begins among reformers over just how to fix the US tax code, some Republicans insist that big, broad-based reform would be easier to accomplish, while others in Congress advocate for a more step-by-step process.
Economic growth, or a slowdown in US productivity?Economic growth, or a slow down in overall productivity? Analyst Karlsson argues that what many economists had announced as an uptick in employment growth late last year and early this year was actually a slowing of US productivity.
