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The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Dept. said Thursday, suggesting little improvement in the labor market.
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
Is the U.S. economy headed for a recession before it fully recovers from the last one? There's no better indicator to watch than trash.
While some may see the made-for-television national political conventions as a colossal waste of time and money, analysts have been busy crunching numbers to figure out which way these carefully choreographed productions will impact the stock market.
Caterpillar Inc. (NYSE: CAT) Chief Exectutive Officer Doug Oberhelman has long been an optimist, but these days he has been scaling back on his optimism.
For more than a decade, there was a paradigm in financial markets that the yuan can only appreciate. Well, not any more.
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's and Best Buy.
Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
The number of Americans lining up for new jobless benefits rose slightly more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
Gold prices are set for a 12th consecutive year of gains despite posting the largest quarterly drop since 2008 in the second quarter, a view likely shared by the World Gold Council, and billionaire investors George Soros and John Paulson.
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