Tag Archives: spending
Brighter view on jobs and pay lifts US confidence
WASHINGTON (AP) — Americans are more optimistic the job market is healing and will deliver higher pay later this year. That brighter outlook, along with rising home prices, cheaper gasoline and a surging stock market, could offset some of the drag from the recent tax increases and government spending cuts. Continue reading
Wealthy spenders could drive economy in 2013
The consumer economy may look weak. But affluent and wealthy consumers are ramping up their spending – and that could help drive the broader economy this year.Two new studies show that the wealthy plan to increase their spending despite higher taxes and a generally skeptical view of economic growth and government.The American Affluence Research Center looked at the top 10 percent of consumers by i.. Continue reading
Higher fares help Southwest Airlines’ profit
DALLAS (AP) — Higher fares helped Southwest Airlines Co. make more money than Wall Street expected in the first quarter, but the company said Thursday that automatic federal spending cuts could hurt revenue in April. Continue reading
Global shares rise as weak data again backs ECB rate cut
By Herbert Lash NEW YORK (Reuters) – Global equity markets rose on Wednesday on strong corporate earnings and speculation the European Central Bank will cut interest rates next week, while U.S. government debt edged up on safe-haven demand after unexpectedly weak economic data. Wall Street closed little changed after the Commerce Department reported U.S Continue reading
Wall Street gains with Microsoft; Netflix jumps after the bell
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks climbed on Monday as last week's sharp losses brought buyers back to the market and Microsoft Corp shares jumped after an activist investor took a stake in the company. Shares of Caterpillar rose 2.8 percent to $82.71, helping the Dow as the company said a pullback in spending by mining companies was temporary. The stock's gains came despite a lowered 2013 outlook from the world's largest maker of construction and mining equipment Continue reading
The Game — Drops $200k to Pimp His Rides
The Game loves himself twice as much as he loves his friends — because a few months after spending $100,000 on Continue reading
World military spending dips in 2012, first fall since 1998
STOCKHOLM (Reuters) – Global military spending dropped in 2012 for the first time in more than a decade thanks to deep cuts in the United States and Europe which made up for increases in countries such as China and Russia, a leading think-tank said on Monday. Big powers the United States and its European allies face tight budgets in an economic downturn and have scaled back involvement in conflicts in Iraq and Afghanistan. The world’s second biggest economy China, however, is ramping up spending and registered 7.8 percent growth in 2012 from the year before, up 175 percent from 2003 Continue reading
Meet Nick Leeson — Ireland’s new insolvency expert
After causing the collapse of the U.K.’s oldest investment bank, spending several years in a Singapore jail and over a decade reinventing his tattered image, Nick Leeson is finally back on the financial market.Thirteen years after his release from prison, the former Barings trader, who lost 827 million pounds at the investment bank, has become an alternative insolvency practitioner at GDP Partners… Continue reading
Gas prices falls to $3 a gallon in some markets
If your wallet is still hurting from the painfully high fuel prices much of the country experienced over the winter there’s some good news next time you head to the pump. The average price of a gallon of regular unleaded gas has dipped to just $3.58, a three-cent dip since late last week, 15 cents from a month ago, and 36 cents off of what the typical American motorist was spending this time in 20… Continue reading
Data, Earnings to Watch: Quick Take
NEW YORK (TheStreet) — TheStreet’s Brittany Umar, Jill Malandrino and Andrew Krill highlight some of the big announcements for this week ahead, with Umar noting that, “it’s a big week of earnings for retail and food and beverage stocks.” Wednesday will be a mixed bagged, with Jack In The Box, Cisco , Deere and Macy’s expected to report earnings. Macy’s investors are looking for the company to shed some light on the ongoing litigation with Martha Stewart and J.C. Penney Continue reading →