U.S. stock markets made strong gains in early trading Thursday, rebounding from a sell-off in the previous session as new economic data indicated that U.S. companies are laying off fewer workers. The U.S. government said first-time claims for jobless benefits fell to a four-month low in the past week. Major U.S. stock indexes rose more […]
US Stocks Rebound, European Bank Shares Fall on Debt Worries
Posted August 11th, 2011 at 11:00 am (UTC-5)
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Obama to Talk About Jobs in Hard-Hit Michigan
Posted August 11th, 2011 at 10:55 am (UTC-5)
U.S. President Barack Obama is visiting Michigan Thursday, to talk about job creation in a state where the unemployment rate exceeds the national average. Mr. Obama is to appear at a plant that makes advanced batteries for hybrid and electric vehicles. The plant has received a $3 million federal grant and expects to create 150 […]
US Stocks Rebound, European Markets Fall Again
Posted August 11th, 2011 at 9:55 am (UTC-5)
U.S. stock markets made strong gains in early trading Thursday, rebounding from a sell-off in the previous session as a new economic data indicated U.S. companies are laying off fewer workers. The U.S. government said first-time claims for jobless benefits fell to a four-month low in the past week. It was the fewest number of […]
New US Jobless Claims Fall to Four-month Low
Posted August 11th, 2011 at 9:20 am (UTC-5)
First-time claims for jobless benefits in the United States have fallen to a four-month low, an indication companies are laying off fewer workers. The U.S. government reported Thursday that 395,000 unemployed workers made their initial claim for financial assistance last week, a decline of 7,000 from the previous week. It was the fewest number of […]
Italy’s Finance Minister Urges Balanced Budget Amendment
Posted August 11th, 2011 at 9:20 am (UTC-5)
Italy’s finance minister says tough economic measures will be needed to balance the budget by 2013, and urged a bipartisan meeting of parliament to make a balanced budget amendment part of the country’s constitution. Speaking to a joint session of the budget and constitutional affairs committees of Italy’s lower house and Senate, Giulio Tremonti described […]
European Markets Fall Again on Banks/Debt Concerns
Posted August 11th, 2011 at 9:00 am (UTC-5)
European stock markets dropped again Thursday as investors sold bank shares because of concerns about the sector’s exposure to indebted European governments. Asian markets fell earlier in the day. U.S. stock futures were also lower, indicating a possible drop in share prices when the market opens. On Wednesday the U.S. markets saw another major sell-off, […]
Europe Markets Rise Sharply After Asia Recoups Early Losses
Posted August 11th, 2011 at 6:10 am (UTC-5)
European markets opened their trading day in positive territory Thursday after more bad news about the global economy caused an up-and-down trading day in Asia. Japan’s main Nikkei index opened nearly two percent below Wednesday’s close, but recovered to end the day by losing about half of one percent. Hong Kong’s Hang Seng index was […]
Asian Stocks Claw Back From from Opening Bell Panic
Posted August 11th, 2011 at 3:20 am (UTC-5)
Asian markets endured another up and down trading day Thursday, as investors dealt with more bad news about the struggling global economy. Japan’s main Nikkei index opened nearly two percent below Wednesday’s close, but recovered to end the day down by more than half of one percent. Indexes in South Korea and Australia also rebounded […]
Asian Stocks Open Lower After Bad Day on US and European Markets
Posted August 10th, 2011 at 9:00 pm (UTC-5)
Asian stocks opened lower after U.S. and European share prices dropped on news about sluggish global economies. Seoul’s KOSPI index opened 3 percent lower Thursday while Tokyo’s Nikkei was down nearly 2 percent. Sydney’s main indicator opened more than 1 percent lower. Concerns about weak U.S. economic growth and worries about European debt had sent […]
Global Stocks Drop Again After Rebound
Posted August 10th, 2011 at 4:55 pm (UTC-5)
Concerns about weak U.S. economic growth and worries about European debt sent stocks plunging on Wednesday. In New York, the Dow Jones Average fell almost 5 percent white the S&P and NASDAQ indexes also were down sharply — giving back all the gains from Tuesday’s recovery a Monday sell-off. Major European indexes in London, Paris, […]
