Joe Zidle, Portfolio Strategist at Richard Bernstein Advisors, outlines the factors inducing short-term volatility and downside risks on Wall Street.» Read More
Administration officials who briefed reporters could not say how many pending inversions might be stopped by the new rules and specifically would not address whether the rules would block one of the most high-profile moves, an effort that Burger King announced in August to acquire Tim Hortons, a Canadian coffee and doughnut chain.
Art Cashin of UBS Financial Services says disappointing news from China, Japan and Europe is weighing on global markets.
NEW YORK, Sept 22- Concern about a potential economic slowdown in China pressured world stock indexes on Monday while Brent crude oil fell below $97 a barrel on sluggish demand and ample supplies. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
Recent data in China has been disappointing, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
Economists say the greenback is gaining strength based on confidence in the U.S. economy, and potentially higher rates.
The impact of natural disasters is being felt unevenly in California, but economists say the Golden State's economy won't suffer overall.
Recent data in China has been weak, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
A survey finds 20% of Americans laid off the past five years are still unemployed, reports USA Today.
The New York Fed president expressed concern over dollar strength and cautioned investors against trying to read too much into economic projections.
Despite invoking Ronald Reagan's rhetoric, the public isn't buying Obama's economic renewal.
The Scotland vote on independence was a wake-up call for the world, says Texas Nationalist Movement President Daniel Miller.
BRUSSELS, Sept 22- The European Central Bank stands ready to use additional unconventional tools if needed to spur inflation and growth in the euro zone, ECB President Mario Draghi said on Monday. Such quantitative easing, or QE, would face strong resistance in Germany.
FRANKFURT, Germany— European Central Bank head Mario Draghi defended the bank's new stimulus programs as he warned that the weak economic recovery in the eurozone "is losing momentum."
Sept 22- Home cleaning products maker Clorox Co said it was discontinuing operations in Venezuela as the business was no longer viable and that it was looking to sell its assets there. Venezuela devalued its currency bolivar last year, which forced a number of consumer goods companies such as Colgate-Palmolive Co and Avon Products Inc to slash product prices.
U.S. economic activity slowed in August, a closely watched gauge issued by the Chicago Federal Reserve said on Monday.
Few small businesses think now is the time to expand, and hiring is essentially flat. But wait—there may be a silver lining.
BEIJING, Sept 21- China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered growth forecasts having seen the latest set of weak data.
BEIJING, Sept 21- China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday. Lou made the remarks at a meeting of finance ministers and central bank governors from the G20 countries in Australia, according to a statement from the People's Bank of China, China's central bank.
While manufacturing alone no longer dominates the state's economy, its fortunes still rise and fall with the health of the state's industries.
Most American adults are single. That's bad news for Social Security but potentially good news for welfare programs.
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