The U.S. is currently in a recessionary cycle and, no matter what they say, there's nothing policymakers can do to stop that. That's according to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute.
LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
Asian markets fell Monday as investor sentiment turned negative with economic data from Japan and the U.S. indicating the faltering economic growth.
Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
While American politicians such as U.S. Sen. Kirsten Gillibrand, D-N.Y., are pushing to expand federal tax breaks for small businesses, the U.K. government has already announced a move to help early-stage businesses find new means of financing: tax relief for private investors.
Although Friday's closely watched June jobs report missed expectations, analysts are looking on the bright side: Income and hours worked both rose and the country's job market is still growing, despite global turmoil.
Asian stock markets declined Friday as investors remained cautious ahead of U.S. employment data due later in the day while major central bank?s actions to stimulate the global economy failed to calm market jitters.
President Obama and Mitt Romney are both campaigning on a promise to revitalize the economy, but a new poll of economists offers a gloomy forecast for the next presidential term no matter who is in the White House.
Apple has released the film Steve Jobs: The Lost Interview, which features nearly 70 minutes of unedited, never-before-seen footage of a conversation between the iconic Apple founder and technology expert Robert X. Cringely, is now available on the iTunes Music Store for $3.99.
A federal court has defended the Obama administration's unprecedented push to limit greenhouse gas emissions, laying down a marker in the debate over the limits of environmental regulation.
Microsoft has always been known as a software company, but that perception changed on Monday when the company unveiled its first-ever tablet in Los Angeles. Even though Apple popularized the tablet genre with the iPad, Microsoft's Surface tablet will directly compete with the bestselling tablet, as it is slightly thinner, features a bigger screen, and it can also do several things the iPad can't do, such as type well or sit up straight.
There are fresh signs the U.S. economy may be caught in a storm fed by a floundering Europe and a slackening China. Weakening demand in both regions appears to be taking a toll on U.S. manufacturing, already the locus of a contracting workforce.
A majority of Americans still believe former President George W. Bush is responsible for the sagging economy, according to a new Gallup poll.
The U.S. natural gas industry will create 1.5 million jobs by 2015, in large part because of the surge in production from unconventional shale beds that require hydraulic fracturing, according to an IHS study released Wednesday.
The 2010 Gulf Coast oil spill may prove to be a jobs booster for the region, if money paid in damages is spent to restore the Gulf's coast.
Logitech International Logitech International SA (Swiss: LOGN), the Swiss computer mouse maker, said Friday it will eliminate about 13 percent of its workforce, or 450 jobs, as part of its restructuring program after lowing profit outlook three times in less than a year.
The performance of the non-manufacturing sector against the backdrop of the release of the non-manufacturing (NMI) index.
Bernard Thibault, the secretary of the Communist-backed Confédération Générale du Travail, one of France's largest unions, warned that at least 45,000 jobs (and maybe as many as 90,000) will be jettisoned by some 46 companies.
Asian stock markets plunged Monday as weaker-than-expected economic data from the US and China raised concerns over the strength of global economic recovery.
Advisers to President Barack Obama and Republican nominee Mitt Romney turns assigning blame for May's grim jobs figures on Fox News Sunday, as the candidates try to spin a paltry 69,000 new jobs into a positive talking point for the incumbent and his Republican challenger.
Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc (AAPL.O) has failed to keep some of them out of an upcoming patent trial against Google's (GOOG.O) Motorola Mobility unit, according to a court ruling.
With the Institute for Supply Management's manufacturing report and the U.S. Bureau of Labor Statistics' Employment Situation Summary both weaker than analysts' consensus estimates on Friday, U.S. stocks closed a holiday-shortened trading week by dropping like so many hot pennies scattered in cold snow.
