Wall Street Takes A Nose-Dive on Fed Minutes, Oil Prices

Jacob Cherian a year ago Region: United States

  According to news reports, Wall Street took a nose-dive on the Fed's outlook for the rest of 2008. And record crude oil  prices hovering near $130 a barrel was not much of a boost either. The big three indexe... more

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China Exports Inflation To U.S.

Jacob Cherian a year ago Region: United States

According to an article by Jim Mubak on MSN Money, the Chinese are exporting inflation to the U.S. And that's not all that funny! For the last decade or so, the U.S. was riding the wave of the Chinese economic boom. The b... more

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Oil Headed For A Correction, Despite $200 A Barrel Prediction

Jacob Cherian a year ago Region: United States

Despite oil prices hovering $123, nearing the $200 a barrel prediction, investors managed to stay in the race and continued to make bets on Wall Street. All the big three indexes were higher by the end of the day, Tuesday.... more

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Bank Of Canada Cuts Benchmark Rates On Deeper Slowdown In U.S. Economy

Jacob Cherian a year ago Region: Canada

According to emerging reports, the Bank of Canada will be next in line among the host of global central banks to act in the midst of a troubled U.S. economy. The central bank said on  Tuesday that it will decrease it... more

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Asian Markets Slump On U.S. Economy Woes, Lower Corporate Profits

Jacob Cherian a year ago Region: United States

On the first day of the trading week, Asian markets slipped after a horrendous fall on Wall Street Friday over slumping corporate profits - particularly reports that signalled GE's lower than expected Q1 profits. Also wei... more

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Hispanic workers are fleeing Arizona

Betty McMahon a year ago Region: Arizona

Hispanic workers are leaving the state of Arizona like rats leaving a sinking economic ship. Mostly to blame, say economists, is the weakening U.S. economy. As growth slows down, jobs that employed Latinos, especially ... more

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Wall Street Rebounds After U.S. Announces Buying Bank Stakes

Jacob Cherian a year ago Region: New York

Wall Street, NY (GroundReport) - According to media reports, stocks on Wall Street staged the biggest rally in seven decades after the U.S. government announced plans to purchase stakes in banks. The incline also follo... more

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Joint Rate Cuts to Ease Global Economic Turndown

Jacob Cherian a year ago Region: United States

Washington, DC (GroundReport) - Published reports say coordinated short-term interest rate cuts have been implemented in Europe, America and Asia, to assuage the effects of a turndown in the global economy. Treasury Secre... more

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