Stalled trade growth in China has wreaked havoc on the Asian stock market as global demand falters. Chinese imports fell by half this past June to 6.3%, while exports increased 11.3% in comparison to May’s 15.3% growth. Meanwhile, slow demand for China’s oil, iron ore and various other goods has triggered concern in other economies… Continue Reading
A report from the U.S. Labor Department shared that the nation’s economy managed to squeeze out a mere 80,000 new jobs this June, adding to the concern and disappointment as the elections draw nearer. Meanwhile, Canada has revealed that its economy, though struggling, is keeping afloat. The nation’s unemployment rate has fallen to 7.2% this… Continue Reading
The economy is endlessly shifting and stability is a seemingly lost cause in the business world. Still, certain business trends stand out in today’s industries. Here is a list of the top ten business trends according to Frannet.com: Generation Y: Today’s youth have more purchasing power than any youngsters before them. Whether it’s their own… Continue Reading
When looking at the unemployment rate in America, it’s interesting to see where the average American places the blame. A Gallup poll from Thursday shows that most of them place it squarely at the feet of former U.S. President George W. Bush. Of the 1000 adults surveyed, about 68% of them placed the blame with… Continue Reading
Economist are predicting slower than hoped-for growth in the economy during the second quarter of 2012 despite lower gas prices during this period. The cheaper gas did not stimulate spending in other sectors by consumers, leading analysts to believe that the economy is still slumping. Not all of Wednesday’s government data was disappointing, however. Consumers… Continue Reading
The Chicago Times’ Malcolm Berko recently discussed the upcoming economic changes, as well as how they will be influenced by the next president. DL, a reader from Vancouver, asked: “What is your opinion of our economy for the next couple of years, and what do you think will happen to stock prices if Congress allows… Continue Reading
Since 2009, the private sector has been a source of hope and relief for the U.S. economy. Business investment boosted the original rebound; so much so that many began to consider corporate America to be the key to keeping the economy alive. However, the situation is headed for a major change. In the past, businesses… Continue Reading
As finance ministers across the globe rally to discuss the flailing economy, Australia’s central bank is cutting interest rates in an effort to boost confidence throughout the nation. The country’s overseas outlook is relatively bleak, and local growth is slow as well. The Reserve Bank of Australia has minimized its cash rate to 3.5%, 25… Continue Reading
The U.S. economy’s recovery has been disappointing thus far, and recent data has foreshadowed a potential slump as the global situation worsens. Payroll averages have fallen since last year, while the Labor Department’s recent report reveals additional instability. Macroeconomics Advisers’ Joel Prakken explained: “The sharpness of the deceleration seems consistent with other incoming data suggesting… 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