Failure by US politicians to bridge their divide over deficit cuts and continued stumbling by European leaders could force the US into recession over the next 12 months, Moody's Analytics has said.
The incomes of US workers, adjusted for inflation, fell even more rapidly since the rebound began in the summer of 2009 than during the recession itself, according to a new study.
The 'August' fall in the stock market still has many of us at the edge of our seats. With their wealth and dreams on the line, who wouldn’t be! And after the last US market crash during late 2007, all people want to do is keep their wealth safe.
President Barack Obama's latest economic plan could save or create up to 400,000 education jobs, the White House said on Tuesday as Obama pushed his USD 447 billion plan to revive the economy.
US auto sales rose almost 10% September, allaying concerns of a double-dip recession as major automakers forecast stronger sales through the remainder of the year.
Indian Institute of Management (IIM) graduates waiting to hit the job market this year will have their work cut out for them. Faculty members at the institutes believe that the placement scenario in 2011 will be worse than 2009, reports Mitra Joshi and Shruti Rajkumar of CNBC-TV18.
Rabobank's Adrian Foster believes that we could get stuck in a slow growth period, but definitely not a recession.
Defying popular sentiments that the US economy is falling down to a recession, James Glassman, senior economist at JP Morgan Chase says reading through the country's business sector, it is Europe that is the remains real threat, over US.
Greece will miss the deficit targets set in its EU/IMF bailout this year and next as it faces worse-than-expected recession, sources said ahead of the adoption by the cabinet of the 2012 draft budget on Sunday.
Ryan Detrick, chief strategist at Schaeffer's Investment Research, in an interview to CNBC-TV18's Menaka Doshi, gave his views on the US market will perform going forward on the back of weak European market.
Amid growing fears of another global recession looming large, President Pratibha Patil today exuded confidence that India with its "strong fundamentals and resilience" will continue to grow economically.
Silver futures in India fell more than 11% on Monday morning tracking weak world markets, while gold futures lost 4%.
Gold and silver prices tumbled on Monday, led by a nearly 10% drop in spot silver prices , as investors liquidated their positions on fears of an impending recession.
As the US economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several years into a Japan-style lost decade.
ArcelorMittal, the world's largest steelmaker, said it would be better prepared to weather a new recession than in 2008/2009 because of savings already made and its expansion into mining.
Amid recessionary fears in advanced economies, India's Finance Minister Pranab Mukherjee has called for channelising global surpluses to build infrastructure in developing nations to boost world economy.
European shares inched up from 26-month lows on Friday and the euro rose after the G20 major economies pledged to preserve financial stability, but risk sentiment remained fragile on fears of renewed recession in the developed world.
Silver prices tumbled and gold dropped to one-month lows on Friday, amid a sell-off in commodities as fear heightened that the global economy could plunge back into a recession.
Markets have fallen more than 20% globally and Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors expects significant volatility over the next two weeks.
With SGX Nifty not showing any dramatic pullback from the 200 point fall, though things don’t look as horrible as they did in the closing hour yesterday, there is no sign of improvement this morning.
It's carnage on Wall Street. US markets slumped more than 3% on the aggressive selling pressure triggered by fears of a recession. This is the worst one-day percentage drop seen in a month.
The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout instalment crucial to avoid running out of money next month.
David Kostin, chief US investment strategist of Goldman Sachs says, “We remain of the view that the US economy GDP growth for next year would be around 2% and around one-third probability of recession."
In the current financial upheaval, the one question that pops-in investor's head is "Where is Indian stock market headed amidst global turmoil". Reliance Mutual fund in its report has attempted to find an answer by analyzing the key variables that are impacting Indian economy.
The market seems to be led purely by FII moves. Note that when FIIs sold Rs 10,215 crore in August, the Sensex tanked 8.5% to 16676, while and in September, the market has revived to 17160 levels on FIIs turning net buyers, even though economic situation remains the very same over the month.