Financial News From the Wire
Associated Press/AP Online2009-11-05WASHINGTON - Companies across the economy are finding ways to do more with fewer workers, dimming hopes that hiring will take off anytime soon.
Associated Press/AP Online2009-11-05NEW YORK - A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors new reason to be optimistic about the economy and sent stocks to big gains.
Associated Press/AP Online2009-11-02WASHINGTON - The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
Associated Press/AP Online2009-11-02NEW YORK - Hopes for the fledgling economic recovery got a boost Monday from better-than-expected news on manufacturing, construction and contracts to buy homes.- Associated Press/AP Online2009-11-02WASHINGTON - President Barack Obama said Monday the public and private sectors must find more ways to create jobs to continue the nation's climb out of an economic recession.
Associated Press/AP Online2009-10-29WASHINGTON - Fueled by government stimulus, the economy grew last quarter for the first time in more than a year.
Associated Press/AP Online2009-10-29WASHINGTON - Treasury Secretary Timothy Geithner said Thursday that giving the government the power to dismantle mammoth financial firms like Lehman Brothers will prevent future bailouts.
Associated Press/AP Online2009-10-29WASHINGTON - After months of struggle, House Democrats rolled out sweeping legislation Thursday to extend health care coverage to millions who lack it and create a new option of government-run insurance.
Associated Press/AP Online2009-10-29WASHINGTON - The number of people claiming jobless benefits for the first time dropped less than expected last week, evidence that the labor market remains weak even as the economy is recovering.
Personal Finance
- Employee Benefits2009-10-01
- PRNewswire2009-08-31
- PRNewswire2009-09-01
- PRNewswire2009-08-25
Financial Feeds
CNBC Top News and Analysis
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With more than triple the debt, and less than half the savings, Americans are finding it hurts more to be unemployed now than the last time the jobless rate hit 10 percent.Sun, 08 Nov 2009 02:20 GMT
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The Big Picture
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On the flight over, I watched some Chapelle videos. The guy is unbelievably funny, and his show was terrifically ballsy. We met with lots of people this week — maybe that’s why this video resonated. Its an oldie but a goodie — watch the old white lady’s face as she nods in agreement. Chappelle’s Show Wu-Tang Financial www.comedycentral.com Buy Chappelle’s Show [...]Sun, 08 Nov 2009 02:00:22 +0000
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Bizarrely amusing: The first installment of Chap-Hop superstar Mr.B the Gentleman Rhymer’s ‘Histories’ series. The history of hip-hop. In five minutes. On the banjolele. Chap-Hop hoorah! Directed by Dave Alexander.Sun, 08 Nov 2009 00:00:56 +0000
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I had lunch last week with Rolfe Winkler, who is an up and comer in the blog world, a thinking man’s Felix Salmon. He is similarly annoyed with St. Warren — but rather than engage in my sophmoric venom spew, he went to the spreadsheet to discover that Buffet owns major stakes in 8 companies that [...]Sat, 07 Nov 2009 19:30:17 +0000
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This is way too funny: > The Daily Show With Jon Stewart Mon – Thurs 11p / 10c The 11/3 Project www.thedailyshow.com Daily Show Full Episodes Political Humor Health Care CrisisSat, 07 Nov 2009 17:56:42 +0000
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Randall Forsyth steps in occasionally for the Up and Down Wall Street column when Alan Abelson is on vacation or otherwise indisposed. He writes with a similar skepticism, perhaps not as dark as Abelson’s, his prose sparer, a tad less purple. Beyond the literary mechanics, however, Forsyth’s grasp of all that is right and wrong on [...]Sat, 07 Nov 2009 17:00:28 +0000
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Due to an unexpected outbreak of rationality (and perhaps embarrassment), the Treasury department has rejected requests of Goldman Sachs and Berkshire Hathaway to purchase Tax Credits from Fannie Mae. This paper transaction would have provided precisely zero value to the taxpayers, and allowed these firms to add to the piles of bailout monies already received by [...]Sat, 07 Nov 2009 15:17:33 +0000
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The Glide Path Option November 6, 2009 By John Mauldin The Present Contains All Possible Futures The Ugly Unemployment Numbers Argentinian Disease The Austrian Solution The Eastern European Solution Japanese Disease The Glide Path Option Philadelphia, Orlando, and Phoenix The present contains all possible futures. But not all futures are good ones. Some can be quite cruel. The one we actually get is dictated by the [...]Sat, 07 Nov 2009 12:00:02 +0000
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Apparently, forces of nature and supernature do not like the collider: “The Large Hadron Collider, the world’s most powerful particle accelerator, just cannot catch a break. First, a coolant leak destroyed some of the magnets that guide the energy beam. Then LHC officials postponed the restart of the machine to add additional safety features. Now, a [...]Fri, 06 Nov 2009 22:30:56 +0000
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This has been a helluva week of travel — NY to Dallas to Austin to Detroit. This post is set to launch after I takeoff for San Francisco. I will return home early next week. My mind is brimming with ideas — About asset management, travel, investing, politics, speaking engagements, food. I had many stimulating conversations [...]Fri, 06 Nov 2009 21:30:23 +0000
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Consumer Credit outstanding fell $14.8b in Sept seasonally adjusted, almost $5b more than expected and marks the 11th month in the past 12 of declines. At $2.456T outstanding, it is 4.9% below the record high in July ‘08. After a flat reading in Aug, (didn’t fall b/c of the CARS program), non revolving debt outstanding [...]Fri, 06 Nov 2009 20:50:28 +0000