Author Archive
Obama: Get corporate cash ‘off the sidelines’
Really man. It’s about time businesses get to gettin! As the economy continues to show positive signs of mederate growth, some companies are still delaying hiring and growing. This is great article. NEW YORK (CNNMoney.com) — President Obama met with 20 prominent CEOs Wednesday, saying the session focused on jobs and how to get companies [...]
Dow on track for the best September since 1939
I knew it! I had figured that September was shaping up nicely but I didn’t think the market would be so good. This means that earnings might look pretty good. By Hibah Yousuf, staff reporterSeptember, CNNMoney.com NEW YORK (CNNMoney.com) — The summer has come to an end, and so has the market slump that came [...]
Recession May Be Over, but Joblessness Remains
Great article. Yes, the recession has been over for quite sometime BUT “some” media outlets would have you believe it’s the end of the world. Ugh. As much as consumer spending is up a hair, unemployment seems to be lagging. Unemployment will be relative from now on – it’s simple math. Read this article. By [...]
Stocks rally to 4-month highs
Great news! And it’s earnings season! NEW YORK (CNNMoney.com) — A U.S. stock rally continued to pick up speed through Monday afternoon, with all three major indexes closing at four-month highs after a key group of economists called an official end to the recession. The Dow Jones industrial average (INDU) gained 146 points, or 1.4%, [...]
After blah week, stocks to get in gear. No, really
In the coming weeks the latest readings on retail sales, industrial production and both producer and consumer prices. Stocks are coming off an exceptionally light trading week. U.S. markets were closed Monday for Labor Day and trading desks were short-staffed later in the week for Jewish New Year. After one big leap back and three [...]
4 Surprise Bright Spots in the Economy
Interesting article on manufacturing growth American manufacturing has generally been in decline for decades, but the nation’s factories have been key to the current economic recovery. Many analysts predicted manufacturing would fall last month on signs that the global recovery would slow down later this year, but the opposite was true. U.S. manufacturing expanded faster [...]
Double dip recession: What are the odds?
Is a double dip recession on the horizon? No. But if the media continues to present such doom and gloom then maybe, just maybe, consumers might hold back their spending. This last quarter of better than expected earnings reports from retailers and food establishments proved that not only are we out of the recession but [...]
Accounting v Finance, it’s an apple and an orange
This particular post relates to qualifying the support we need and get for our businesses especially when it comes to areas of our businesses we truly do not understand. The accounting side of business comes to mind as this aspect of business is truly one of the areas that most business owners shy away from. [...]
India’s economy grows at fastest pace in 2 years
India economy grew 8.6 percent in Jan-Mar quarter, best in 2 years as manufacturing rebounds. Erika Kinetz, AP Business Writer MUMBAI, India (AP) — A rebound in manufacturing and recovering farm output drove India’s quarterly economic growth to 8.6 percent, the best in two years as Asia’s third-largest economy returns to pre-crisis levels of expansion. [...]
Debt-induced stress continues for many Americans
In spite of brighter economic outlook, many people still feeling stress over debt, joblessness. Jeannine Aversa, AP Economics Writer WASHINGTON (AP) — The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations. There are new jobs produced but old worries persisting for people despite [...]