The Stock Market is a fragile world. The 9 percent slide in Chinese Stocks on Tuesday did send the stocks on Wall Street tumbling 3 percent, the lowest since the 9/11 terrorist attack in 2001. The big question emerging is – Is the party over? Are the global markets heading for a crash as reces[...]
Posts Tagged ‘Wall Street’
June 2nd, 2012 - 2:01 pm § in News Of Economy
China Stock Slide Gives Jitters Of A Global Recession Setting In
June 2nd, 2012 - 2:00 pm § in News Of Economy
US economy grows slower than expected in fourth quarter
The U.S. economy was noticeably weaker than previously expectations in the fourth quarter of 2006, and its growth is likely to remain moderate until the manufacturing sector resolves its inventory problems and businesses step up their capital spending. The US economy grew at a sluggish 2.2 percent p[...]
May 18th, 2012 - 1:35 pm § in News Of Economy
Spending, incomes show larger gains in US economy
Confronting Wall Street’s expectations, consumer spending spiked in February as income levels rose, revealed a report. According to the figures consumers’ spending and income showed bigger-than-expected gains in February, and construction showed the first increase in nearly a year, fueli[...]
February 7th, 2012 - 2:09 pm § in News Of Economy
Wall Street tremble on Bernanke’s Comment
Wall Street retreated after Federal Reserve Chairman, Ben Bernanke’s comment that the deteriorating economy pace, rising inflation and looming housing sector will remain a risk to consumer spending and overall economic growth. Amid the inflation and increasing consumer spending apprehension in[...]
February 2nd, 2012 - 1:56 pm § in News Of Economy
European markets set to rebound but Asian counterparts continue to fall
The US subprime mortgage monster has already eaten up many markets. All major central banks have come up to protect their economies. Western economies seem to have somewhat left the darker period behind, but budding Asian economies seem tied in the knot of subprime elf. Wall Street shows signs of re[...]