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10-06-2010
For millions of unemployed Americans, the news about China's surging export market isn't necessarily cause for celebration, even if it might be a harbinger for global recovery. Chinese exports surged 50% in May from a year earlier, easily trouncing expectations for a 32% increase, according to a Reuters report citing a leaked statement from a Chinese official.
 10-06-2010
Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday that the U.S. economy should be able to withstand the effects of the European debt crisis. But he warned that Washington policymakers still must make plans now to bring the nation's own debt issues into line.
10-06-2010
Europe's debt crisis. Companies still not hiring. The Gulf oil spill. These are uncertain times to say the least. But while you might think economists would be running for the hills and looking ahead to a so-called "double dip recession," that's not necessarily the case. In fact, some economists think a double dip is even less likely than it was earlier this year.
10-06-2010
The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy. The government's $182 billion bailout of the global insurer has left taxpayers holding the bag, while ensuring that all of AIG's creditors and business partners are paid in full, said a Congressional Oversight Panel report released Thursday.
10-06-2010
Stocks finished in the red Wednesday, failing to sustain earlier gain in the last hour of trade, as investors ditched energy shares amid ongoing concerns about BP's ability to survive the Gulf oil spill. The Dow Jones industrial average (INDU) fell 41 points, or 0.4%, with Exxon Mobil's (XOM, Fortune 500) stock down nearly 2%. Earlier, the index surged 125 points and broke through the 10,000 level for the first time this week, reaching 10,065.
09-06-2010
The Obama administration announced new rules on offshore drilling Tuesday, a move that the industry hopes will secure new permits for drilling operations and the thousands of jobs that depend on them.
09-06-2010
The last time the yield on the benchmark U.S. 10-year Treasury was below 3% was in April of last year, arguably the crescendo of investor fears about the state of the global economy.
09-06-2010
Governors and state lawmakers are anxiously waiting to see whether Congress will send them another $24 billion to help cover their ever-expanding Medicaid rolls.
08-06-2010
The U.S. has supplanted China and Brazil as the most attractive market for investors as confidence in the global economic recovery wanes in the wake of the Greek debt crisis.
08-06-2010
A government panel charged with examining the financial crisis said Monday it had subpoenaed Goldman Sachs after what it believed were deliberate attempts by the banking giant to impede its investigation.
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