Asian stock markets rallied Monday as better-than-expected jobs data from the U.S. and optimism at European action to boost the faltering regional economy buoyed sentiment.
Crude oil futures declined during the Asian trading hours Monday after surging the most in a month in the previous session on upbeat U.S. jobs data.
A first glance, Friday's better-than-expected U.S. jobs report might have offered a glimmer of hope after four straight months of dismal jobs numbers. But devil is in the details.
Another month of inadequate job growth allows prospective Republician Party Mitt Romney to double down on the tactic that has so far defined his presidential campaign: keep the focus on President Barack Obama.
The U.S. government's report Friday that 163,000 jobs were created last month, far more than expected, sparked a risk-on sentiment among investors.
Unconventional times require unconventional measures, and with the U.S. economy growing at a truly tepid rate, perhaps it's time to try an innovative fiscal stimulus proposal recommended by an economist about three years ago.
Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece.
One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.
A bank equity analyst famous in financial circles for her prescient analysis on the global banking sector said Tuesday morning she sees the financial industry shedding another 200,000 people off the payrolls in the coming months.
Germany's biggest bank Deutsche Bank AG (NYSE: DB) is laying off 1,900 people, most of them outside Germany, in an effort to save ?3 billion ($3.68 billion) as part of a broader strategic overhaul.
Even when Apple didn't create "insanely great" products, the one thing Apple could always do was create compelling and clever advertisements. No longer.
The now-infamous theater monologist has reworked the purported expose on Apple manufacturing for a three-week run at the Woolly Mammoth Theatre in Washington, D.C. And it goes without saying that not everyone is happy about the reboot.
It seems that Ashton Kutcher is trying to change his status as a spotlight lover and be recognized as a brilliant actor instead.
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company.
Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.
The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.
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.