Investing and Global Finance News

Author Archives: Irwin Gold

Quote of the Day: Stephen Steinour

While announcing Huntington Bancshares’ first quarter revenue, its president and CEO revealed an optimistic outlook for the Midwest. “It’s increasingly clear in the Midwest states that there is a recovery. There’s a lot of strength in manufacturing. There’s a lot of export activity. Business owners, by and large, they are doing very well… The notion… Continue Reading

Singapore’s Tharman Shanmugaratnam on the Global Economy

At the end of the recent IMF meetings, Singapore’s finance minister Tharman Shanmugaratnam warned that the US and Europe should both be prepared for several more years of economic turmoil. As chair of the International Monetary Fund’s governing body, Shanmugaratnam explained that he has finally begun to feel that political leaders understand the enormity of… Continue Reading

Top Ten Undergraduate Business Programs

According to a survey last year, the best undergraduate business programs that are accredited by the Association to Advance Collegiate Schools of Business are: The University of Pennsylvania Massachusetts Institute of Technology (MIT) University of California- Berkley University of Michigan- Ann Arbor University of Virginia New York University University of North Carolina- Chapel Hill University… Continue Reading

Warren Buffett’s Cancer and a Letter to Shareholders

At 82 years old, Warren Buffett is considered one of the most successful investors of all time. The American businessman, investor and philanthropist is the head shareholder, CEO and chairman of Berkshire Hathaway, and has been ranked among the world’s wealthiest people for decades. Often referred to as the “Wizard of Omaha ,” “Oracle of… Continue Reading

Debt Crisis Continues to Assail Global Economy

Financial headlines continue their repetitive, three-year trend, stating once again that debt crisis turmoil and economic confusion have lowered Asian stocks on Monday. Benchmark oil fell to $102 a barrel, and though the dollar gained momentum opposite the euro, it lost value against the yen. The Nikkei also fell 1.4% to 9,502.95 as the yen… Continue Reading

The Educational Development Corporation Pulls Stock Out of Amazon

Amazon has long been debated by internet shoppers as well as other businesses. Its empire is seemingly indestructible though, and so very few, if any, have moved to make a change. Now, however, a small company has stepped forward. “Amazon is squeezing everyone out of business,” said Educational Development Corporation’s Randall White. “I don’t like… Continue Reading

U.S. Stocks Fall as China’s Economy Slows

 An unanticipated slowing of China’s economy resulted in one of the worst weeks for U.S. stocks this year. The top indexes all recorded losses, and Jim Sloan of Jim Sloan & Associates mentioned the link between the market and China’s news. Alan Skrainka of Cornerstone Wealth Management agreed, stating: “Everybody’s worried, and everybody’s unsure if… Continue Reading

Top 8 Home-Based Businesses

Home-based businesses have grown more popular ever since employment opportunities began flailing and work conditions reached sub-optimal levels. Though there are countless ways to earn money at home, the top eight most successful areas to get involved in are: Child care: The struggling economy and financial pressures have given this service a major boost. Parents… Continue Reading

U.S. Economy on the Rise

Feelings may be mixed but many believe the U.S. economy is finally scaling the cliff after its plunge several years ago. Meanwhile, recession still looms in Europe and China’s economy is beginning to slow. According to the Bloomberg Comfort index, U.S. consumer confidence has reached a four-year high as the job market improves, stock prices… Continue Reading

Chris Matthews on the Economy and Upcoming Elections

Chris Matthews of MSNBC's Hardball recently discussed the upcoming elections, Mitt Romney's organizational skills and the challenge he creates for the Obama Administration, and the economic issues still plaguing  the United States. Matthews described the election as "a very close, hot, race for the American presidency." Meanwhile, the economy is not 'steaming ahead,' unfortunately. The… Continue Reading