Stocks Drop, Treasuries Rally as Jobs Data Fuels Economy Concern
Stocks slid, extending the longest streak of weekly losses for the Dow Jones Industrial Average since 2004, while Treasuries rose as slower-than-forecast job growth added to signs the economy is weakening.
Source: BusinessWeek
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Tharman warns of sluggish global economy
Singaporeans should brace themselves for the impact of a sluggish global economy in the coming months, said Deputy Prime Minister Tharman Shanmugaratnam yesterday. But the fundamentals of the local...
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Bernanke: Fed ready if economy worsens
WASHINGTON — Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would...
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U.S. Stocks Pare Advance on Concern Debt-Ceiling Deal Will Fail
U.S. stocks pared gains, almost erasing a 164-point rally in the Dow Jones Industrial Average, after the Associated Press reported that House Speaker John Boehner said it’s a “crapshoot” whether...
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Asian Stocks Drop on Debt-Contagion Concerns as Financials Fall
Asian stocks fell, with the regional benchmark index heading for the biggest two-day loss since March 15, after U.S. lawmakers failed to agree on cutting the deficit and concern increased that Greece’s...
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Socialist Candidate Calls For Banks To Finance Jobs, Help Economy
Socialist Candidate Calls For Banks To Finance Jobs, Help Economy
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Obama turns to small-scale solutions to a weak economy
The White House, threatened by the high unemployment rate, proposes free-trade agreements and more spending on high-speed rail in the absence of more ambitious tools, such as stimulus spending. As White...
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Susan Tompor: If U.S. economy is recovering, where are the jobs?
Two years into the U.S. economic recovery and way too many of us are still asking: When's payday? Hiring is miserable -- the U.S. economy cranked out only 18,000 net jobs in June. The U.S. jobless rate...
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