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U.S. jobless claims lower than expected
ReutersThe number of Americans filing new unemployment claims, dropped last week by 23,000 to 340,000, more than expected, the Labor Department said Thursday. The drop in the seasonally adjusted to a point below 350,000 claims, figure points to resilience...Tags: Unemployment, Unemployment Rate, Unemployment Benefits, Employment Opportunities, Economic Policy
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U.S., China factories struggle; Fed hints at less stimulus
ReutersLONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest pace since October, suggesting it may take a while before the global economy starts to pick up steam....Tags: Stock Market, S&P 500, Market and Exchange, HSBC Holdings plc, Career and Workplace
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FED FOCUS-U.S. Fed enters delicate new phase of communication
ReutersBy Jonathan Spicer NEW YORK, May 23 (Reuters) - Investors' hair-trigger reaction to Federal Reserve Chairman Ben Bernanke's testimony on Wednesday marks a delicate new policy phase for the U.S. central bank in which communication is paramount....Tags: Stock Market, Credit Ratings, Lisle, Ben Bernanke, Central Bank
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WRAPUP 4-U.S. jobs, housing data show economy has some muscle
Reuters* Weekly jobless claims fall 23,000 * Four-week average of claims slip 500 * May factory activity growth at seven-month low * New home sales rise in April, median price at record high By Lucia Mutikani WASHINGTON, May 23 (Reuters) - The number of...Tags: Real Estate, S&P 500, Finance, Career and Workplace, Economy, Business and Finance
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Initial jobless claims drop to 340,000 after one-week spike
WASHINGTON -- Initial unemployment claims dropped back to a level indicating moderate job growth last week after a spike the previous week raised alarms about the labor market recovery. The number of people filing for unemployment benefits for the first...
Tags: New Products, Career and Workplace, Verizon Communications, Federal Reserve, Unemployment
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U.S. economy to gather pace next year-NY Fed economists
ReutersWASHINGTON, May 23 (Reuters) - U.S. economic growth should rise to 3.25 percent next year as the drag from tight fiscal policy in Washington fades, New York Federal Reserve staff economists said in a report on Thursday. That will help bring down the...Tags: Employment Opportunities, Finance, Employment, Career and Workplace, European Debt Crisis
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Japan market plunge sparks global sell-off; U.S. stocks dip, rebound
This post has been updated. See the note below for details.Wall Street followed Europe in a broad sell-off following a 7.3% overnight plunge in Japan's stock market. The Dow Jones industrial average shed 107.1 points, or 0.7%, to 15,200.07 shortly after the opening bell in New York. The broader Standard &...Tags: Unemployment Benefits, Japan, Nikkei, Stock Market, Ben Bernanke
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China factory activity shrinks for first time in seven months: flash PMI
ReutersBEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be...Tags: Petroleum Industry, Earnings Forecasts, Heavy Engineering, Financial Markets, Manufacturing and Engineering
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Survey shows China manufacturing contracting, adding to signs economy cooling
AP Business WriterBEIJING (AP) — A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing. HSBC Corp. said Thursday the preliminary version of its monthly purchasing managers index fell to...Tags: China, Productivity, HSBC Holdings plc, Robin Williams, Beijing (China)
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Some Fed officials open to start tapering stimulus as soon as June
WASHINGTON -- Some Federal Reserve officials said they were willing to start ratcheting back the central bank's stimulus program as early as June if the economic recovery strengthened further, according to minutes from their policy meeting three week ago....
Tags: Financial Markets, Ben Bernanke, Central Bank, Jamie Dimon, Federal Reserve
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Falling yen may help Japan, but proving a headache for other countries, especially in Asia
AP Business WriterTOKYO (AP) — A steady fall in the value of the yen is proving a godsend for exporters such as Toyota. The cheaper yen is making their products more affordable overseas. Japan's trading partners are generally pleased, too, even though the lower...Tags: Mortgages, Petroleum Industry, Tokyo (Japan), Financial Markets, Finance
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WRAPUP 4-Bernanke says more progress needed before stimulus pullback
Reuters* Bernanke touts benefits of Fed bond buying * Says end to purchases will depend on economy * Could trim bond buys at one of the "next few meetings" * If anything, "inflation is too low," Bernanke says By Pedro da Costa and Alister Bull WASHINGTON,...Tags: Mortgages, S&P 500, Finance, Prices, Career and Workplace
May 23, 2013
|Story| Reuters
May 23, 2013
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May 23, 2013
|Story| Los Angeles Times
May 23, 2013
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|Story| Los Angeles Times
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| AP Broadcast
May 22, 2013
|Story| Los Angeles Times
May 22, 2013
|Story| AP Broadcast
May 22, 2013
|Story| Reuters
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