Dow and S&P Enter Seventh Consecutive Week Of Losses In the midst of high U.S. unemployment, pessimism over the U.S. economy, and worries of the possibility of Greece defaulting on its government debt, the DJIA and S&P 500 this week headed into their seventh consecutive week of losses. However on Friday the indices opened in […]

World Remains Divided Over Next IMF Chief Ever since the resignation of Dominique Strauss-Kahn as IMF chief, there has been great debate as to who should be his successor. The lack of world consensus over who should be the next IMF chief is largely due to the dissatisfaction of emerging economies in regards to nearly […]

Negative May Jobs And Employment Data On Friday the Labor Department released economic figures that discouraged the stock market as the S&P 500 and DJIA were both down 1% at opening bell, sending stocks further south after a dismal week on Wall Street. U. S. employers added 54,000 nonfarm payroll jobs to the economy after […]

LinkedIn IPO Soars On Opening Day Social networking company LinkedIn (LNKD) came out with its IPO on Thursday, May 19th with the stock initially valued at $45 per share. LNKD opened at $83 per share and shortly before noon the stock soared to $115. Although it is not uncommon for an IPO to increase in […]

Stocks Fall Amid Concerns Over Greek Economy/April Consumer Prices Meet Expectations U.S. stocks on Friday fell amid concerns over the financial situation of Greece and its prospects of future economic growth. This concern also affected Eurozone stocks as they fell after the European Union said that debt loads in Greece, Portugal, and Ireland might be […]

U.S. Economic Policy’s World Impact Draws Criticisms Recently S&P downgraded the U.S. AAA credit rating to negative amid the government’s inability to come up with an immediate solution to the nation’s budget deficit. S&P sovereign debt analysts stated their decision to downgrade U.S. debt had almost nothing to do with actual deficit figures but with […]

U.S. Approaching Borrowing Limit The U.S. Treasury Department stated May 16th as the forecasted date when the nation’s $14.3 trillion borrowing limit will be reached. As of late, Congress has come under scrutiny and increased pressure to raise the debt ceiling before mid-May. If the debt ceiling is not raised and national borrowing reaches $14.3 […]

U.S. Nonfarm Payrolls Increase/Unemployment Slightly Drops March U.S. non-farm payrolls rose by 216,000 compared to a 194,000 gain in February, according to the U.S. Labor Department. This comes after projections from economists of a 190,000 median estimate, according to a Bloomberg News survey. In addition, U.S. manufacturing increased close to the same rate as in […]

Friday Jobs Report Shows Drop in Unemployment The official unemployment rate in the US decreased to 8.9% Friday with the Bureau of Labor Statistics reporting that employers added 192,000 jobs in February. This pick up in hiring represents the fastest pace of job creation in almost a year as well as decreases the unemployment rate […]

F.C.I.C. Road to Justice Spoiled The Financial Crisis Inquiry Commission was created in the wake of a harsh crisis that occurred in 2007 & 2008. This ten-member commission, appointed by the United States government, is responsible for conducting hearings of Wall Street firms, rating agencies, and government officials. As reported in the commission’s statutory mandate, […]