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ECONOMIC TARNISH: Copper fell 2.5 percent after China said its first-quarter economic growth slowed and worries lingered about Europe's financial problems. It was the fourth drop this week. Read More
Vote : 5 + vote Category : U.S. Economy

A man takes a photo of displays showing market prices at the Tokyo Stock Exchange in TokyoNEW YORK (Reuters) - U.S. stocks closed out its worst week this year and the euro fell on Friday after disappointing Chinese growth data stoked worries about the strength of the global economy and a rise in Spain's borrowing costs revived fears about the debt-plagued euro zone. A sharp re-emergence of fears over contagion from the euro zone debt crisis took a steep toll on bank shares in both Europe and the United States, as well as dragging down the euro against the dollar for the first time in three days. ...


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Vote : 11 + vote Category : U.S. Economy
Copper prices closed sharply lower this week after a series of gloomy reports about the global economy. Read More
Vote : 20 + vote Category : U.S. Economy
Stocks wrapped up their worst week of the year Friday. Stocks also fell in Europe as borrowing costs rose for Spain and Italy. If those countries have to pay more to borrow, they'll have less money for other things, like jump-starting economic growth. The Dow was down all day but selling accelerated in the last half-hour. All 10 sectors in the Standard & Poor's 500 fell, led by bank stocks. Read More
Vote : 19 + vote Category : U.S. Economy
A look at economic developments and activity in major stock markets around the world Friday: Read More
Vote : 9 + vote Category : U.S. Economy

Gas prices are shown at a gas station in Beverly HillsNEW YORK (Reuters) - Oil prices fell on Friday and posted a weekly loss after data showed that first-quarter economic growth in China, the world's No. 2 oil consumer, was the weakest in nearly three years, reinforcing concerns about slowing demand for petroleum. A stronger dollar and a slip in U.S. consumer confidence in early April, as gasoline prices hit household budgets, also pressured oil prices. Caution ahead of talks between Iran and five permanent U.N. ...


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Vote : 7 + vote Category : U.S. Economy
IBM Corp. plans to report first-quarter earnings on Tuesday after the market closes, with investors hoping it will offer more signs of stabilization among its customers even as the global economy continues to face challenges. Read More
Vote : 6 + vote Category : U.S. Economy

Will the 2012 Election Lead to a Recession in 2013?ANALYSIS | There are a lot of fears that the political uncertainty in 2012 is going to produce an economic recession next year, according to economic forecasters. More than 20 million Yahoo search hits exist for the term "recession 2013." Millions of them are connected to "politics" or "election."


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Vote : 9 + vote Category : U.S. Economy



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