Tag Archives: economic
Stocks climb as traders shrug off economic reports
NEW YORK (AP) — Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports. Continue reading
Asia stocks mixed as Wall St. ignores euro gloom
BANGKOK (AP) — Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street. Continue reading
Spain, Portugal urge eurozone to unfreeze credit, speed up banking union
The leaders of Spain and Portugal on Monday demanded that the 17-nation eurozone speed up efforts to create a banking union and complained that credit is frozen in their countries, preventing economic growth and crucial job creation. Continue reading
Pakistan’s Sharif gets resounding election victory
LAHORE, Pakistan (AP) — Former Pakistani Prime Minister Nawaz Sharif looked poised to return to office with a resounding election victory — a mandate that could make it easier to tackle the country's daunting problems, including growing power outages, weak economic growth and shaky government finances. Continue reading
SALT 2013: Roubini vs. Goolsbee
LAS VEGAS (TheStreet) — At the Skybridge Alternative Investment (SALT) Conference, Nouriel Roubini — whose bearish economic views have earned him the nickname ‘Dr. Continue reading
Billionaire Ronald Perelman donating $100M to Columbia U. to train entrepreneurs
Entrepreneurs have always been a different breed. They see things differently—from risk and markets to work (which is constant) and conventional wisdom (which is best ignored).But the question is: Can the ability to be an entrepreneur or an economic disrupter be taught?Ronald Perelman is betting that it can. The billionaire CEO and chairman of MacAndrews & Forbes announced on CNBC Thursday tha.. Continue reading
Stocks finish higher, posting robust gains for April
Stocks reversed their early losses to finish higher on the final day of the month, with all three major averages posting robust gains for April, despite some weak corporate earnings and mixed economic data.The Dow closed higher for the fifth-straight month, while the S&P 500 and Nasdaq is logged their sixth-straight month of gains.(Read More:After-Hours Buzz: DWA, WU, QCOR & More)The Dow J… Continue reading
Stocks edge lower as economic growth disappoints
NEW YORK (AP) — Stock indexes are edging lower in early trading on Wall Street after the government reported U.S. economic growth that wasn't as strong as economists had forecast Continue reading
Fortescue CEO Sees China’s Growth Still Supporting Iron Ore Prices
The chief executive of Fortescue Metals Group Ltd. (FSUGY, FMG.AU), one of the world’s largest producers of iron ore, has brushed aside concerns over the pace of economic growth in China and continues to forecast a strong price for the steelmaking raw ingredient Continue reading
Gasoline, food prices subdue consumer inflation
Consumer prices fell in March for the first time in four months as the cost of gasoline tumbled, providing scope for the Federal Reserve to maintain its monetary stimulus to speed up economic growth. The Labor Department said its Consumer Price Index slipped 0.2 percent, unwinding some of the 0.7 percent increase in February. Economists polled by Reuters had expected a flat reading last month Continue reading
