News
Just a quick update today: The stock markets ticked up today on a little bit more good economic news. Following recent good labor market news and the Fed holding interest rates at zero, comes statistics showing last weeks jobless claims were at a 3 1/2 year low. Also, several large companies reported good results. Furthermore, [...]
In an announcement that comes as no surprise, in large part because it has been repeatedly telegraphed by the the Fed itself, the Federal Reserve Board on voted on Tuesday to leave interest rates at their current near zero rates. The Fed further reiterated its commitment to doing so for the near future, pledging to [...]
New unemployment claims fell to a nine month low in October. This trend has been struggling to get going for several months now. However, the possibility of an improving job market is a good sign for the U.S. economy. Update: Consumer sentiment also rose. That is a little bit more good news for the economy. [...]
After facing the biggest customer backlash in recent memory over its decision to implement a $5 per month use fee for customers using a Bank of America debit card, the banking giant has reversed course and announced that it will not charge the $5 debit card fee starting next year. This news comes on the [...]
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The U.S. economy continues to grow at a very slow pace according to the Federal Reserve’s Beige Book. That isn’t good enough considering how deep the current recession is. At this rate, growth back to anything resembling an expansion would take a very long time. However, the good news is that the economy isn’t getting [...]
Continue reading about Economy Growing Slowly – Inflation Benign
Has Google Already Beating Groupon? Not long ago, Google offered to buy Groupon for $6 billion. Soon thereafter, Groupon did another round of private equity financing that essentially paid off company founders and early investors such that they have already locked in sizable gains. That might be a very good thing since Groupon seems to [...]
Ever since the iPhone became the must have gadget and was followed up by an even more impressive iPhone 2 and 3, people have been walking into my office declaring that they have bought Apple stock, or are going to buy Apple stock. The reasoning is almost always the same. The products that Apple makes [...]
Continue reading about Jobs Resigns Apple’s Stock Price Falls?