By Nina Bains Sterling rose to a fresh high for the day against the dollar Thursday after the Bank of England left policy unchanged and opted not to issue a statement, while the euro and German Bunds were stable as investors awaited further clues on future policy moves at […]
August 2013
Deb Lefever has gotten so frustrated trying to talk to a person when she has questions about her unemployment compensation that she puts off calling as long as possible. View full sizeLabor and Industry Secretary Julia Hearthway announced at a news conference on Wednesday that the department is terminating its contract with IBM on a […]
The US economy has done the triple this week – GDP figures were better than expected, the Fed continued with plans to phase out quantitative easing and unemployment figures are expected to be positive. JP Morgan Asset Management’s Global Market Strategist Kerry Craig said that all these signs pointed to further record highs for […]
Despite 15 months of quarter-to-quarter growth in U.S. real gross domestic product (GDP), the unemployment rate remains stubbornly high and well above other economic recoveries of the same maturity. While the official U3 employment measure has begun to show slight improvements, the broader U6 and U7 measures show much less improvement and remain essentially flat. […]
By Jaya Matta and Nina Bains European stock markets maintained a strong tone Thursday after European Central Bank President Mario Draghi reiterated that the central bank won’t raise rates for the foreseeable future, despite the recent run of stronger-than-expected economic data within the region. At the press conference following the monthly policy-setting meeting of the […]
Experts in robotics research and development gathered last week to make an important point about their technology: Robots are not a threat to employment. In fact, they will create thousands of jobs in the coming years in a variety of industries. Seegrid’s Chief Operating Officer, Mitchell Weiss, was one of the presenters appearing before the […]
By NINA BAINS Sterling rose to a fresh high for the day against the dollar Thursday after the Bank of England left policy unchanged and opted not to issue a statement, while the euro and German Bunds were stable as investors awaited further clues on future policy moves at the European Central Bank. The European […]
By Nina Bains European stocks edged higher Thursday, led by miners, after manufacturing data from the euro zone and China beat expectations; while German Bunds climbed and the euro was steady against the dollar ahead of the European Central Bank monetary policy decision. Miners led the gains early in the European session, with the Stoxx […]
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The technology and engineering conglomerate said it earned 5.3 billion yen in net profit for the three months, compared with 12.1 billion yen in net loss a year before. Operating profit more than doubled to 24.3 billion yen on sales of 1.39 trillion yen, up 9.6 percent from the same period last year. The profit […]
