US Jobless Claims Continue to Soar
The Labor Department reported its ninth straight week of record new jobless claims with 652,000 people applying for unemployment benefits for the first time. The total number of people now receiving unemployment benefits totals 5.56 million. More
US Economy Shrinks by 6.3%
US Gross Domestic Product (GDP) contracted by an annual rate of 6.3 percent from October to December of last year, outpacing the Commerce Department’s prediction of 6.2 percent. More
Stock Market Advances Push Down Yen, Dollar
Recent advances in the stock markets has increased investor risk appetite encouraging investors to divert more money to equities at the expense of the dollar and yen. More
Ireland’s Economy Continues to Contract
Ireland’s economy continues to falter, falling 7.5 percent in the last quarter of 2008 from the previous year. Overall for the year, the economy contracted by 2.3 percent. More
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