No solid signs of rebound for energy demand; oil prices hover below $50COLUMBUS, Ohio — Oil prices wavered below $50 Thursday with a number of major U.S. companies reporting larger-than-expected profits, but there was still plenty of evidence suggesting demand for energy will be sluggish at best. Jobless claims up more than expected and homes sales drop, defying hopes for recoveryWASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near. Stock futures pull of of highs as weekly unemployment claims rise more than expectedNEW YORK — Stocks futures are weakening after weekly unemployment claims rose more than expected. New jobless claims rise more than expected to 640,000; continuing claims top 6.1 millionWASHINGTON — New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million. Stocks signal higher open on better-than-expected profit reports; reports due on jobs, homesNEW YORK — Stocks are pointing to a higher open Thursday after stronger-than-expected earnings from a handful of companies boosted hopes that the economy could be stabilizing. Global economy likely to shrink 1.3 percent this year, IMF says; first drop in 60 yearsWASHINGTON — The world economy is likely to shrink this year for the first time in six decades. A look at economic developments and activity in stock markets around the world Wednesday
A look at economic developments around the globe Taiwan’s jobless rate hits record of 5.8 percent in March amid recessionTAIPEI, Taiwan — Taiwan’s jobless rate hit a record high of 5.8 percent in March, rising for the eleventh straight month amid an economic slump, the government said Wednesday. Fla. county declares state of emergency over skyrocketing foreclosures, unemploymentFORT PIERCE, Fla. — A South Florida county that rode high through the housing boom earlier this decade, then crashed hard when the foreclosure crisis struck, declared a state of economic emergency on Tuesday. |
Topics
Poll Loading ...Latest TweetsLabor Economy
Latest Friend FeedsLabor Economy
|
