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07 May 2010 21:45

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Biz: Stock market: All the gains this year, gone, and then some

  • 7.4% the Dow’s decline from its peak this year
  • 8.7% the S&P 500’s decline from its April peak
  • 10.5% the Nasdaq’s decline; it’s in a correction source
  • » Today’s action: It wasn’t much better than yesterday, honestly. The market bounced back and forth all morning before staying firmly in the down column. The Dow lost 140 points today, or 1.3 percent of its value. Sucks to own stocks, doesn’t it? source
Posted by Ernie Smith • 4 Comments • Permalink

07 May 2010 10:23

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Biz: Jobs: Employers are hiring, but more people are looking

  • 290,000new jobs in April, way more than
    expected and the best month for
    employment in four years
  • 9.9%the current unemployment rate,
    higher than last month because more
    people are looking for work source
Posted by Ernie Smith • 0 Comments • Permalink

06 May 2010 11:11

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World: Greece willing to “walk it alone” on drastic austerity plans

  • We will press ahead, even if we have to walk alone, without the backing of other parties.
  • Greek Finance Minister George Papaconstantinou • On the country’s plan to completely reboot its economy, despite large protests and heavy criticism from its citizens. If they can’t get help from its fellow European countries, they’ll do it anyway. In other news, PEOPLE DIED in these protests. Oh, and many are concerned that they will not have enough money to survive. Unfortunately, Greece is in a rock-hard place situation due to all of that debt, so widespread public concern may not be enough to shake the leadership. source
Posted by Ernie Smith • 1 Comment • Permalink

06 May 2010 10:41

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Biz: Fewer people making jobless claims; workers starting to get lazy

  • 7,000 fewer initial jobless claims
    than last week (it’s still fairly high,
    at 444,000, though)
  • 3.6% increase in worker productivity
    this quarter the smallest increase
    in a while source
Posted by Ernie Smith • 0 Comments • Permalink

30 Apr 2010 09:24

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Biz: Consumers driving gross domestic product’s improvement

  • 3.2% the increase in gross domestic product this quarter – good, but smaller than expected
  • 2.55% of that growth came from
    consumer spending – the largest boost since 2006 source
Posted by Ernie Smith • 0 Comments • Permalink

23 Apr 2010 11:31

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Biz: Home sales, once looking weak, made a huge March jump

  • 27% increase in new home sales in March
  • four number of months of declines prior to the leap
  • 1963 the last time home sales rose this much source
  • » But why? Credit a tax break that’s about to expire and weather that sucked less than it did in February (when home sales hit a record low). The strange part? The tax break had been in effect each of the four months prior, when home sales weren’t so hot.
Posted by Ernie Smith • 0 Comments • Permalink

20 Apr 2010 10:17

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Biz: SEC, Smesh-EC: Goldman Sachs kills it in quarterly profits

  • $3.46
    billion     size of Goldman Sachs’ profits this quarter, which is kind of a lot
  • 91%
    boost     the amount the company’s earnings went up from a year ago source
Posted by Ernie Smith • 0 Comments • Permalink
 

18 Apr 2010 11:17

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Biz: Banks still full of failure nearly five months into 2010

  • eight banks were seized on Friday, bringing the total up to 51 this year
  • 9% of all U.S. banks are listed by the FDIC as “troubled banks” source
Posted by Ernie Smith • 0 Comments • Permalink

18 Apr 2010 10:21

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World: How bad is the Iceland volcano crisis for airline travel, anyway?

  • $200 million in losses for the airlines daily source
  • » Side effects: If the delays stretch out for weeks, not just days, experts say that the crisis could start having major side effects on the economy, such as factory supply chains. The volcano is showing no signs of letting up, by the way, and in fact may be intensifying today.
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2010 11:18

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Biz: Goldman Sachs’ stocks look like a waterfall this morning

Posted by Ernie Smith • 0 Comments • Permalink
 
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