World stocks mixed as Asia rebounds
Global stocks were mixed Friday as Asia rebounded from a sharp selloff, with U.S. markets losing early gains after unimpressive economic data and a warning from the International Monetary Fund on growth.
Global stocks were mixed Friday as Asia rebounded from a sharp selloff, with U.S. markets losing early gains after unimpressive economic data and a warning from the International Monetary Fund on growth.
The effects of the $85 billion in US government spending cuts scheduled to begin Friday will be felt across oceans and could further hurt recession-hit European nations and burden an economically slowing China, shrinking the market for countries that depend on selling things to the United States.
President Barack Obama Monday warned of a new economic crisis and said global stock markets would go “haywire” unless Republicans in Congress agree to raise the US sovereign debt ceiling.
US President Barack Obama rushed back to Washington on Thursday in a last-ditch bid to halt America’s slide over the “fiscal cliff,” only to find lawmakers blaming each other for looming failure.
It’s the scenario that’s been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year’s Day. Their stalemate triggers sharp tax increases and spending cuts. Those measures shrink consumer spending, stifle job growth, topple stock prices and push the economy off a “fiscal cliff” and into recession.
Asian stock markets remained in a holding pattern Thursday as investors assessed President Barack Obama’s comments that reaching a budget deal to prevent the U.S. from a possible recession was “not that tough” and could even be done quickly.
US stocks tumbled Wednesday as President Barack Obama challenged Republicans to accept tax increases for the wealthy in a deal to avert the year-end fiscal cliff.
Does the Philippines need to worry about the possibility of outsourced jobs being sent back to the US?
US stocks sank Thursday in the second day of losses after President Barack Obama’s re-election victory, trimming another one percent after Wednesday’s huge rout.
President Barack Obama evaded a last-minute time bomb Friday as the economy pumped out more jobs than expected in October, delivering a boost to his re-election hopes as the final weekend of campaigning begins.
US President Barack Obama on Saturday underscored the importance of Wall Street reforms passed on his watch, saying they will help end taxpayer-funded bailouts of troubled companies.
The United States is bracing for growth figures that will set the tone for the last 100 days of the race to the White House and help decide if the Fed pulls the trigger on more economic stimulus.
