Philip Chua Business Blog

Posts Tagged ‘United States’

GREECE’S debt crisis rattled investors again yesterday and sent markets south despite overnight gains on Wall Street.
Reassurance from Federal Reserve chairman Ben Bernanke that interest rates would stay low for some time pleased investors, who sent the Dow Jones up 91.75 points, or 0.89 per cent.
But concerns over the weak United States job market and poor housing sales data outweighed the promis… more

The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year.

Economy of the United States – Business – Financial Services – Investing – Social Science

New orders for long-lasting manufactured goods excluding transportation unexpectedly fell, while the number of workers filing for jobless benefits rose last week.







Jobless claims – Unemployment benefits – Insurance – United States – Business

The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.







China – United States Treasury security – People’s Republic of China – Asia – United States

The Bank of North Dakota — the nation’s only state-owned bank — might seem to be a relic. But now officials in other states are wondering if it is helping N.D. sail through the recession.

North Dakota – Bank of North Dakota – United States – Business – Politics

The dollar has surged to an 8-month high against the euro, and is also rising against other currencies. Its strength could start damaging the fragile U.S. recovery.

United States – European Union – Gross domestic product – Greece – Government

NEW YORK (Reuters) – China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country’s fast-growing economy, Goldman Sachs’ <GS.N> chief economist was quoted as saying on Sunday.

China – Goldman Sach – Currency – NEW YORK – United States

When employers hire temporary staff after a recession, it’s long been seen as a sign they’ll soon hire permanent workers. Not these days.









Employment – Recession – Business – Unemployment – United States

Finding a job got much tougher last year, as the number of available openings fell by nearly one quarter.







United States – Employment – Business and Economy – Connecticut – Business

If there were a scorecard for the promises President Barack Obama made a year ago in this struggling city in northern Indiana, he would probably get a C.







Barack Obama – Indiana – President of the United States – United States – Politics