WASHINGTON – The US second quarter economy, grew faster than expected, showing its fastest pace in over two years, however the momentum will probably slow in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity. [Read more…]
Why Global Economic Growth Is Sluggish
There’s bullish talk about a coming pick-up in global economic growth, but for the moment, the signals are negative. Trends in the global economy look increasingly ominous. [Read more…]
Bond Yields Fall to a 500-Year Low
Jeffrey Gundlach, the American fund manager who correctly forecast the surge in bond prices this year, contrary to the overwhelming majority of the experts who got it wrong, remains fundamentally pessimistic about economic growth in the US. [Read more…]
World Bank lowers projection
Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. [Read more…]
Leading Economic Index increases in US
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3 percent in January to 99.5 (2004 = 100), following no change in December, and a 0.9 percent increase in November. [Read more…]
Carl Icahn invests in Apple
Activist investor Carl Icahn picked up another $500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to $3.6 billion, while ratcheting up his months-long campaign to pry open the company’s cash hoard. [Read more…]
World Economic League Table 2013
The leading economic consultancy Cebr released its annual report The World Economic League Table. The report gives an end of year report on GDP in the 30 largest economies in the world. It also forecasts which countries will be in the ‘Top Thirty’ for 5, 10 and 15 years ahead. [Read more…]
JPMorgan agress to settlement
JPMorgan agrees $13 billion settlement with U.S. over bad mortgages [Read more…]
Marc Walton shares success in Forex Trading
Marc Walton of ForexTrainingAcademy.com has placed his resources in providing a website that looks to train the beginner, inexperienced and not so experienced Forex Traders in the art of Forex Trading. [Read more…]
Millions Toward Proprietary Investments
PHILADELPHIA, Aug. 27, 2013 – FS Investment Corporation, a business development company focused primarily on investing in the debt securities of private U.S. companies, announced today that it committed over $200 million toward proprietary investments in middle market companies during the month of July. [Read more…]