The latest U.S. Labor Department report has revealed that America’s economy continues to grapple with economic complications despite previous predictions. Unemployment rates throughout the nation climbed a tenth of a point last month, while employers only managed to add 69,000 jobs, though experts projected more than double that. Payroll has also fallen, with 49,000 jobs… Continue Reading
The deteriorating European debt crisis and the slowing United States economy are contributing to what is expected to be the largest monthly downslide in the price of oil in three years. Demand for oil will plummet, analysts say, fueling a downturn in oil which resulted in oil closing yesterday 20 percent lower than the year’s… Continue Reading
Tourism experts and economists have both agreed that the situation in the U.S. will lessen the travel rate throughout the nation this summer. Though the gas prices are relatively low in many states, employment and economic concerns will undoubtedly discourage many vacationers, especially on the West Coast. The job market struggles and high household debt… Continue Reading
April’s figure for new-home sales was up by 3.3 percent from March’s number, according to information released by the Commerce Department on Wednesday. That translates into a seasonally adjusted annual rate of 343,000. The entire country experienced this rise with the exception of the South. Analysts are hopeful that this could signal that the US… Continue Reading
Germany’s growth has been boosting the Eurozone’s economy for years, but lessening export demand and numerous other strains may finally impact the region’s largest economy this quarter. The Ifo Business Climate index has been keeping tabs on Germany’s economic health. It reveals a slide from 109.9 in April to 109.4 this month, after a run… Continue Reading
Now that the good weather is upon us analysts can say with confidence that last winter’s improved economy was in fact not related to the weather. Building new homes is up to close to a three-year high, and factory production has gone up in three out of this year’s first four months. New data released… Continue Reading
The largest international carrier in Asia has revealed that economy fares have fallen as much as ten percent since the start of 2012. The situation is a result of lessening travel demand as economic turmoil persists. In an interview with Bloomberg in Hong Kong, Cathay Pacific CEO John Slosar explained the current market conditions and… Continue Reading
According to data released by TrueCar.com, the increased popularity of trucks and SUVs has resulted in a slightly lower fuel economy of cars and trucks this past April. To be exact, the fuel economy average of new vehicles was 23.3 mpg in April, in comparison with March’s 23.4 mpg. The small change comes as gas… Continue Reading
According to analyst Steven DeSanctis, the head of US small-cap strategy at Bank of America Merrill Lynch Global Research in New York, it may be a good time to invest in small-cap technology companies. Due to cheap valuations and conservative earnings estimates, small-cap tech companies are now more attractive investments, especially after being handicapped by… Continue Reading
S&P has lowered Spain’s sovereign credit rating for the second time this year as the region’s economy diminishes. Standard & Poor’s lowered Spain’s A to a BBB+, stating a negative outlook for the future. The country’s short term rating also fell to A-2 from A-1. Ten years of borrowing costs in the nation have inflated… Continue Reading