New York Governor Andrew Cuomo is seeking a one-year salary freeze for state workers as the first step after assuming office on Jan 1, 2011.
The entire precious metals complex had a stellar run in 2010, led by palladium's 97 percent rise and Silver's 83 percent gain. Gold yielded investors a 29.7 percent profit in 2010, the tenth consecutive annual gain in a row.
U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high.
Many observers believe the bond bull has run out of steam, although a 'pop' in the bond bubble is probably unlikely.
Wall Street appears to be almost universally bullish about U.S. stocks for 2011.
Predictions are, by their nature, uncertain. Politics is, as history teaches, full of surprises. So predictions about politics have to be taken with a good amount of salt.
Many economists believe that US economy will continue to grow around 3.5 percent in 2011, led by pickup in consumer and business spending. The extension of Bush-era rate cuts will add moderately to GDP growth, while at the same time as increasing the budget deficit.
Top Ten Predictions for U.S. Economy/Markets in 2011. These predictions come from Michael Yoshikami, president and chief investment strategist of YCMNET Advisors Inc. in Walnut Creek, Cal.
Queues stretched for kilometres at immigration offices in South Africa on Friday as thousands of Zimbabweans tried to meet a year-end deadline to file papers for legalising their stay in the country.
2011 will be a “horrible” year for British workers, warned Brendan Barber, general secretary of the Trades Union Congress (TUC), a federation of UK trade unions.
Germany is committed to the euro currency and the German people are now stronger in the wake of Europe’s economic crisis, said Chancellor Angela Merkel in her annual televised New Year’s message.
Economic growth in China is expected to slow next year as the nation accelerates tightening monetary policies, said a report on Friday.
Despite all the turmoil surrounding it, the euro zone will welcome its seventeenth new member, Estonia, when the clock strikes midnight in Eastern Europe, making it the first former Soviet state to adopt the euro currency.
A merry holiday e-shopping brings cheer for a depressed US economy
It's going to be tougher to make money 2011. I expect the government to strike back. I don't think they're going to let commodity prices continue to soar. I'm very concerned about the repercussions of that on investors.
The Spanish economy will show positive growth in the fourth quarter, said the country’s Prime Minister, after a flat third quarter prompted fears of another looming recession.
Applications for jobless benefits in the U.S. fell sharply for the week ended Dec. 25, recording a decline for four consecutive weeks.
New claims for unemployment benefits dropped more than expected last week to touch their lowest level in more than two years, suggesting the labor market recovery was gaining strength.
Online spending in the United States rose 13 percent to almost $31 billion till date this holiday shopping season compared with the year-ago levels, according to research firm comScore.
New claims for unemployment benefits dropped more than expected last week to their lowest level in more than two years, suggesting the labor market recovery was gaining strength.
The news about jobs, deficits, and poverty seem to get worse in the western nations and Japan day by day, while the economic and financial developments in the emerging markets appear to get rosier.
Up to 200,000 jobs could be cut next year due to harsh economic conditions and government cuts in the public sector, pushing U.K. unemployment to a 17-year high, warned the Chartered Institute of Personnel and Development (CIPD).
