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Filed under: Forecasts , Indices , Economic data Now that the U.S. economy is growing — GDP grew at a 3.5% annualized rate in Q3, according to U.S
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Want to know where the Dow is headed? Keep an eye on job growth
Filed under: International markets , Financial Crisis To say that it’s been a difficult decade for New York City, and the nation at large, would be an understatement. In New York, more than 100,000 lay-offs in the financial community stemming from the bursting of the leveraging bubble and closure of key financial institutions has led to the city’s worst recession in more than two decades. However, the financial and economic crisis that has slowed New York’s economy, surprisingly, has not resulted the loss of one city title — that of financial capital of the world.
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Despite crisis, New York still viewed as financial capital of the world
Filed under: Economic data , Recession , Financial Crisis This morning, the White House reported that President Obama’s stimulus package has created or saved 650,000 jobs — of course, this time the Obama Administration promises that the new figures will be “more accurate” than in the past . As for the jobs saved or created, the administration based its finds on roughly $150 billion in spending from the $787 billion stimulus package. These “more accurate” numbers are taken from state reports and private companies.
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White House claims 650,000 jobs saved by stimulus: are these numbers really accurate?
Filed under: Earnings reports , Newspapers , New York Times’A’ (NYT) , Gannett Co (GCI) , Media World The Washington Post Company (NYSE: WPO ) published data for the third quarter earlier today. Can’t say I was mightily impressed by the numbers. Sure, there was a profit increase, but the top line wasn’t exciting, and the newspaper division, as you might have expected, experienced a sharp decline in sales
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The Washington Post Company increases income, but shares sell off
Filed under: Exxon Mobil (XOM) , Citigroup Inc. (C) , CIT Group (CIT) Today was mired by awful spending and income data as many are actually now not believing that high GDP figure from yesterday. Earnings were virtually the same as earnings tend to beat estimates but because of cost cutting.
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Closing Bell: Just tricks, no treats (CIT, XOM, C, NVTL, RVSN, CSCO)
Filed under: Earnings reports , Allergan (AGN) One would expect generic U.S. drugmaker Mylan (NYSE: MYL ) to benefit from all this talk about increased generic competitions, but revenue only increased 5.2 percent to $1.26 billion on an operational basis, beating analyst revenue estimates of $1.23 billion
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Pharma earnings recap: Mylan, Allergan, Novo-Nordisk
Filed under: Politics , Recession CNNMoney reports that after $150 billion in stimulus spending, tens of thousands of states, cities, and private companies have saved or created 650,000 jobs. At $2.4 million per job, is that worth it? The answer depends on whose side you’re on
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$150 billion for 650,000 jobs: Is it worth it?
