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Confidence in a stable, expanding economy and a stock market that is fair are key investor issues, William O’Brien, CEO of DirectEdge, told CNBC Tuesday.
Now is not the time to cut off unemployment benefits in this country. Admittedly, extending the benefits will add to the Federal budget deficit, but not doing so will add to mortgage delinquencies and homelessness and will only serve to impede the still fragile recovery currently under way.
Most states across the country saw an improvement in employment in June as jobless rates dropped from the previous month. But the decline comes from fewer people looking for work.
Expectant parents shopping for a home are not the only ones concerned about the date of the baby’s arrival. Mortgage lenders are taking a harder look at prospective borrowers whose income has temporarily fallen while they are on leave, including new parents at home taking care of a baby.
Investors are dissatisfied with earnings because companies are showing strong bottom lines but not strong enough growth in revenue, Pimco's Mohamed El-Erian told CNBC.
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Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
The US ban on offshore drilling could have long-term consequences on oil prices, Nobuo Tanaka, executive director of the International Energy Agency, told CNBC Monday, on the eve of the three-month anniversary of the BP Gulf of Mexico oil spill that led to the moratorium.
It seems that some days all news is good news to the stock market and the next day all news is bad news. And other times it seems as though the stock market extrapolates one single economic indicator as though it alone matters.
The number of companies reporting layoffs and job cuts through attrition is down by half from a year ago and about steady with the first quarter of this year, NABE found. Meanwhile, the number of businesses hiring jumped to 31 percent from 6 percent.
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Hundreds of thousands of Americans have enrolled in federally financed training programs in recent years, only to remain out of work, says the NYT.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.
The government says consumer prices dipped 0.1 percent in June. Less expensive energy bills were a big factor behind the drop. Prices for some food items and airlines fares also fell.
Council of Economic Advisors Chair Christina Romer reported that the “stimulus” had “created or saved 3 million jobs since its inception (and only half the money has been spent to date! Guess it is a delayed stimulus).
With the final financial regulation vote just hours away, Sen. Bob Corker, (R-Tennessee), told CNBC Thursday that President Obama lacked the leadership skills needed to create jobs and to drive the country out of the recession.
Facing fresh criticism of his handling of the economy, President Barack Obama travels to Michigan on Thursday to promote investments in the electric vehicle battery industry, a sector the administration sees as a bright spot in the sagging recovery.
Industrial production edged up 0.1 percent, but manufacturing activity dropped amid fears that the economic recovery is stalling.
Governments stopped the world from falling into double-dip recession and authorities around the world did not make the same mistake as where made in the 20s and 30s, Mark Mobius, the executive chairman of Templeton Asset Management said Thursday.
Does the Federal Reserve mean it could take up to five to six years to get the economy performing to its potential? It does not mean we will be in recession that entire time. In fact, the Fed sees growth of 3 percent this year, accelerating to 4 percent in 2012.