Bernanke: Economy faces 'formidable headwinds.' Expect unemployment to
decline at a slower-than-desired pace.
Monday, December 7, 2009
Economy faces 'formidable headwinds.' Expect unemploy...
Friday, December 4, 2009
Two more banks fail in Georgia; combined assets top $1 billion
Two more banks fail in Georgia; combined assets top $1 billion
12/4/2009 5:18:25 PM EDT
Markets Friday, 12/4/2009
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| Dow : 10388.90 up 22.75 | S & P : 1105.98 up 6.06
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| NASDAQ: 2194.35 up 21.21 | Bond (10Y): 3.47%, 99.16
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MARKETS:
Stocks rally at end of choppy session
Wall Street gains after a choppy day in which investors welcomed a
better-than-expected jobs report but showed caution as the Dow hit a
new 14-month high.
Breaking News: Economy sheds 11K jobs; jobless rate fell to 10% in Nov.
The unemployment rate fell to 10% in November as employers cut the
smallest number of jobs since the recession began. The Labor
Department says the economy shed 11,000 jobs last month, an
improvement from October's revised total of 111,000. That's also much
better than the 130,000 Wall Street economists expected.
Breaking News: Economy sheds 11K jobs; jobless rate fell to 10% in Nov.
The unemployment rate fell to 10% in November as employers cut the
smallest number of jobs since the recession began. The Labor
Department says the economy shed 11,000 jobs last month, an
improvement from October's revised total of 111,000. That's also much
better than the 130,000 Wall Street economists expected.
Energy: Energy stocks ride jobs rally
12/4/2009 10:28:00 AM ET
Employhment report encourages hope of economic rebound that would
increase use of petroleum fuels.
Breaking news: USA TODAY interviews President Obama
President Obama spoke with USA TODAY and The Detroit Free Press today
in an interview that covered a wide variety of important issues. On
his safety in the wake of the state dinner security breach, Obama said
of the Secret Service, "I trust them 100%, not just with me but with
my wife and my children."
And on the job outlook for minorities, he said he does not want to
think in terms of "particular ethnic segments of the United States
rather than to think that we are all in this together."