Category Archives: Reccession

McDonald’s and Chipotle earnings deliver

By doris | Published: October 22, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of McDonald’s are trading at a new all-time high after the global fast food chain managed to impress with strong earnings and sales numbers across all its markets. Fast food chains tend to benefit during recessionary economic periods as many people scale back and trade down. [...]

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Older Americans’ challenge: No time to recover from recession

By doris | Published: October 18, 2011

Full Story at LifeInc.today.msnbc.msn.com The recession and weak recovery have been difficult for all Americans, but a new government report suggests that older people may be particularly vulnerable to the downturn’s worrisome effects on long-term economic security. That’s partly because Americans 55 and older have less time to catch up on retirement savings and recover [...]

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Investors fear governments can’t stop new recession

By doris | Published: September 25, 2011

Full Story at BottomLine.msnbc.msn.com Global stock markets fell in lockstep this week because investors all share a common fear: The world is slipping back into recession and governments around the world are powerless to stop it. Two years after the world emerged from the worst financial collapse since the 1930s, a repeat is looming. European [...]

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Jobs plan may create 1 million jobs – economists

By doris | Published: September 10, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Economists gave generally positive reviews to President Obama’s jobs plan Friday, with some estimating that at least 1 million jobs could be added in the next year if Congress passes the package. The payroll tax holiday for workers and small businesses was cited specifically for having a [...]

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CNN Poll: 8 in 10 think we’re in a recession

By doris | Published: September 4, 2011

Full Story at PoliticalTicker.blogsCNN.com Washington (CNN) – Economic fears are not diminishing. More than eight in 10 Americans think the economy is in another recession, according to a new CNN/ORC poll. One-third of those surveyed think it’s serious. While the country isn’t technically in a recession because the economy hasn’t experienced two straight quarters of [...]

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Zero jobs growth but not necessarily recession

By doris | Published: September 2, 2011

Full Story at msnbc.com The news Friday that the economy created zero jobs in August is ominous, but it doesn’t necessarily mean we’re heading for another recession. “Most of the releases that came out earlier in the week were a little bit better than generally expected and this one was a little bit worse,” said [...]

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Behind market swings: Growing recession fears

By doris | Published: August 20, 2011

Full Story at msnbc.com There are many factors churning up market volatility and contributing to a frightening stock market sell-off, but chief among them is growing fear of a new recession. With growth averaging less than 1 percent in the first half of the year, the U.S. economy is already perilously close to recession. But [...]

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Falling oil and gas prices: A blessing and a curse

By doris | Published: August 19, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oil prices are falling once again, and relief at the gas pump is likely on the way too. But be careful what you wish for. Low gas prices can sometimes be more a symptom of a weakening economy, than a cure to consumers’ woes. Crude oil briefly [...]

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Looking for a job in 2011? Here’s how to stand out

By doris | Published: January 2, 2011

Full Story at msnbc.com Many of you continue to use the same job-search strategies even though they reap few results hoping that you’ll land a gig when the job market gets better in the New Year. Well, 2011 is here and it’s not going to be much better than 2010 when it comes to employment [...]

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Private hiring pickup forecast for November

By doris | Published: December 3, 2010

Full Story at News.Yahoo.com WASHINGTON – Private employers probably revved up hiring in November as signs grow that the economy is gaining momentum. Yet, few expect a change in the 9.6 percent unemployment rate. After a sharp slowdown in the spring and a tepid rebound in the summer and fall, the economy is flashing signs [...]

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GM takes another step to repay bailout

By doris | Published: October 29, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — General Motors is taking a big step toward repaying taxpayers for last year’s $50 billion bailout, announcing it will repurchase $2.1 billion in preferred stock held by the Treasury Department. The automaker has already repaid about $6.7 billion in loans. The plan to repurchase the preferred stock [...]

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Tab for Fannie, Freddie could soar to $363B

By doris | Published: October 23, 2010

Full Story at msnbc.com WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac. That figure would be nearly twice the amount Fannie and Freddie have received so [...]

Also posted in Banking, Business, Credit, Financial, Foreclosure, Home, Loans, Market, Money | Leave a comment

Boomerang kids: 85% of college grads move homeollege grads move home

By doris | Published: October 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

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The Job Creators: 10 Companies That Are Hiring Now

By doris | Published: October 4, 2010

Full Story at DailyFinance.com Since December 2007, 8.4 million American jobs have vanished, leaving the country’s unemployment rate stuck at an alarming 9.6%. Yet, many U.S. companies — particularly small ones — are hiring, to the tune of 723,000 new workers in 2010. While these jobs represent a small fraction of the number needed to [...]

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