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How Long Should You Ride This Rally?

Wed, 26/05/2010 - 12:14 by Matt Koppenheffer

Pop quiz, hotshot: The S&P is up 65% from its closing low last March. If the market continues to go up, you want to ride along with it. But if it reverses course, you want to protect your nest egg. So what do you do?

Geithner upbeat on recovery

Wed, 26/05/2010 - 11:34 by Rakhi

Beijing -- The current world economic recovery is in much stronger position than it had been in recent months, U.S. Treasury Secretary Timothy Geithner said.

Speaking to reporters Tuesday in Beijing at the end of the two-day China-U.S. Strategic and Economic Dialogues, Geithner pointed to "very encouraging signs" of stronger growth, both in China and the United States, that is "more broad-based," the U.S. State Department said on its Web site.

Geithner said the U.S. recovery is led by the private sector, while in China it is led by domestic demand.

Activity index shows above-average growth

Wed, 26/05/2010 - 09:58 by Rakhi

Chicago -- U.S. economic growth in April reached the highest level since December 2006, the Chicago Federal Reserve said Tuesday.

The federal bank's monthly National Activity Index rose from 0.13 in March to 0.29 in April, which put national economic growth above the historic average for the third time in four months.

The National Activity Index sets the historic average at zero, which means the value of zero is a rolling average, but one that moves minimally from month-to-month.

Zero indicates the economy is growing at its average historic pace, while numbers above or below zero indicate growth is faster or slower than average.

Washington summit to focus on Michigan

Tue, 18/05/2010 - 15:56 by Rakhi

Washington -- The Obama administration has invited major players in the U.S. auto industry to a conference in Washington that will focus on Michigan's economy.

"There is much to do. We need to strengthen the partnership between industry and government," said Sen. Carl Levin, D-Mich.

The government's response to the downturn in the automobile industry "can't just be a one-time reaction to a crisis," he said.

Financial and political luminaries expected to attend include White House National Economic Council Director Lawrence Summers, Labor Secretary Hilda Solis, Michigan Gov. Jennifer Granholm and Detroit Mayor Dave Bing, The Detroit News reported Saturday.

Geithner hopeful Europe will tackle debt crisis

Sun, 16/05/2010 - 15:25 by Jaspreet Virk

Offering a positive outlook on the crisis in Europe, the U.S. Treasury Secretary Timothy F. Geithner said Friday that he is confident that Europe has the ability to successfully tackle its financial crisis.

UK financial crisis not over despite economic recovery--BOE

Wed, 12/05/2010 - 17:44 by Jaspreet Virk

Backed by global market recovery, United Kingdom is emerging from recession, states the latest Inflation Report by the Bank of England.

Markets up on Friday

Sat, 10/04/2010 - 11:02 by Rakhi

New York -- U.S. markets turned higher Friday with investors anticipating first-quarter corporate reports will show improvement in a recovering economy.

The report from Alcoa, traditionally the first significant report released, reveals its first-quarter earnings after close of trading Monday.

In early afternoon trading, the Dow Jones industrial average added 40.35 points or 0.37 percent to 10,968.03. The Standard & Poor's 500 index added 4.58 or 0.39 percent to 1,191.02. The Nasdaq composite index added 10.36 or 0.43 percent to 2,447.17.

The benchmark 10-year Treasury note rose 2/32 to yield 3.884 percent.
The euro rose to $1.3472 from Thursday's $1.3349. Against the yen, the dollar fell to 93.36 yen from Thursday's 93.36 yen.

Eurozone stagnated in Q4 due to weak investment

Wed, 07/04/2010 - 17:25 by Jaspreet Virk

Reeling under the effects of recession, European economy stagnated in the fourth quarter of 2009, according to a report released by European Union's statistics office.

Truck Stocks Keep On ... Well, You Know

Fri, 02/04/2010 - 14:15 by Rich Duprey

Trucking investors might not yet be singing the refrain from Rawhide ("rolling, rolling, rolling keep them doggies rolling..."), but the industry looks like it's on the road to recovery. As a result, we might see far more trucks heading down the highway.

Britain's GDP rose in fourth quarter

Tue, 30/03/2010 - 23:01 by Inderjit Singh

London -- The Office for National Statistics in London said Tuesday Britain's gross domestic product rose 0.4 percent in the fourth quarter of 2009.

The figure is a sight increase from a previous estimate of a 0.3 percent gain and confirms the British economy technically pulled out of a recession in the fourth quarter, observers said.

The report issued Tuesday is the third of three official estimates.

In a January report, the statistics office said Britain's GDP rose 0.1 percent -- low enough to leave some people unconvinced that the economy had recovered.

Stocks With Room to Run

Mon, 29/03/2010 - 12:18 by Todd Wenning

The "Rule of 72" is a great way to calculate compounding interest in your head. To find the number of years it would take a figure to double, simply divide the number 72 by the assumed growth rate. For example, if you think your stock will grow at a rate of 7.2% per year, it would take roughly 10 years for it to double (72 / 7.2 = 10).

Jobless rate remains 9.7% in February

Sat, 27/03/2010 - 12:42 by Jaspreet Virk

In a convincing sign that the markets in the nation are no longer deteriorating, the unemployment rate for February stood at 9.7 percent for the second month consecutively.