The Global Sourcing Summit Evaluates Economic Effect Of Japan’s Earth Quake On U.S.
Region: United StatesThe Global Sourcing Summit held recently in Florida hosted tomanagers and executives from the top outsourcing countries. Steve Forbes, who spoke on the subject of Japan’s natural disaster at the conference, implied t... more
Views: 1269Wall Street Takes A Nose-Dive on Fed Minutes, Oil Prices
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
Views: 1616China Exports Inflation To U.S.
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
Views: 1679Oil Headed For A Correction, Despite $200 A Barrel Prediction
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
Views: 1858Bank Of Canada Cuts Benchmark Rates On Deeper Slowdown In U.S. Economy
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
Views: 1566Asian Markets Slump On U.S. Economy Woes, Lower Corporate Profits
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
Views: 1665Hispanic workers are fleeing Arizona
Region: ArizonaHispanic 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
Views: 2680Wall Street Rebounds After U.S. Announces Buying Bank Stakes
Region: New YorkWall 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
Views: 940Joint Rate Cuts to Ease Global Economic Turndown
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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