One of the world's leading economists says don't get giddy over the July jobs report, which indicated the U.S. economy created a better-than-expected 117,000 jobs. NYU Professor Nouriel "Dr. Doom" Roubini, who accurately predicted the housing crisis four years ago, says U.S. GDP will be sub-par in 2011 and the risk of a recession is real.
U.S. stocks slumped on Friday as the all-important July jobs data failed to cheer investors.
Slight improvement in jobs report is not enough, GOP hopefuls say.
Despite posting strong quarterly earnings on Thursday, LinkedIn saw its stock yo-yo downwards on Friday, at one point dropping down over 8 percent.
America's unemployment rate improved slightly in July, but the high figure is weighing heavily against President Barack Obama in his re-election bid.
Mohamed El-Erian has the best explanation of what happened in the markets yesterday. First and foremost, there were ?technical factors?. This doesn?t mean lines on charts and head-and-shoulders patterns and similar astrological nonsense, but rather the dynamics of where investors? money was being held and the amount that the market would fall given a modest downward nudge. Sometimes that number is tiny, but it can fluctuate a lot, and yesterday it just happened to be huge.
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
Hiring increased slightly in July and the unemployment rate dropped to 9.1 percent, calming jitters after the worst day on Wall Street in almost three years. The Dow fell nearly 513 points Thursday, its biggest decline since Oct. 22, 2008.
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
U.S. stocks seesawed, trading little changed on Friday as a better-than-expected payrolls report did little to alleviate fears of a double-dip recession.
16.6 percent of Americans between the ages of 18 to 24 are unemployed
Despite having not yet announced his candidacy, many are seemingly already considering Texas Gov. Rick Perry as the man with the best chance to defeat President Barack Obama in 2012.
Solid July job gains calmed U.S. markets on Friday, but Wall Street remained nervous among talk that the nation may be falling into a double-dip recession.
Stocks tumbled across the globe on Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems, reviving fears of another deep recession.
In a move to expand America's domestic oil and gas exploration, the Department of the Interior began to reverse a moratorium on offshore drilling by approving Royal Dutch Shell's request to drill exploratory wells in the Arctic Ocean.
U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
The U.S. economy unexpectedly added 117,000 jobs in July and the unemployment rate dipped to 9.1 percent, the U.S. Labor Department announced Thursday. Equally significant, the private sector added 154,000 jobs. The report was a pleasant surprise, but the nation is still in a deep hole job-wise -- short about 14 million jobs.
Markets remained jittery Friday even as Dow futures rose ahead of a jobs report that was slightly better than expected.
The Thai parliament elected the nation's first female Prime minister, Yingluck Shinawatra , on Friday. Ten years back another South East Asian country had elected its first female president. Megawati Sukarnoputri became Indonesia's first female president in 2001. Both women have a somewhat similar background. Will both share the same fate too?
U.S. stock index futures point to a lower opening on Friday as investors are cautious ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
There?s no getting around it: In much of the country, this is a terrible time to unload your home.
Army officer Donna Bachler has not had a regular paycheck since she left active duty four years ago, even though she boasts the kind of skills employers vie for.
