World News Center
Obama's economy boost - just don't call it stimulus
September 4, 2010President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
Where the jobs are now, and where they'll be next
September 4, 2010U.S. companies modestly added jobs in August, easing concerns that the nation might slip back into a recession. The latest jobs report released by the Labor Department today is better than expected. Employment in the private sector rose by 67,000 payrolls, after a revised 107,000 increase in July that was more than originally estimated. The report immediately sent stocks rallying, despite the fact that overall employment dropped and the unemployment rate climbed to 9.6% from 9.5%, as more people actively searched for jobs.
Signs of life in the job market
September 4, 2010Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs.
Should US government debt be rated junk?
September 4, 2010A few weeks ago, Hedgeye, the investment research firm where I'm a managing director, hosted a conference call for our subscribers that posed the question, "Should U.S. Government Debt Be Rated Junk Status?" Given that debt issued by the U.S. government continues to trade at almost all-time lows in yield, this is a contrarian call to say the least.
How trader Dick morphed into banker CEO Dick Fuld
September 4, 2010The rumors persisted of Lehman Brothers' being taken over again, and it was against such a background that Dick devised his pièce de résistance.
Family insurance costs skyrocket 14%
September 4, 2010American workers are taking yet another blow to their wallets this year -- a whopping 14% jump in costs to insure their families.
Harrisburg, Penn., defaulting on its bonds
September 4, 2010The capital city Pennsylvania is broke and will be skipping this month's multi-million dollar bond payment.
Back to school sales get an A
September 4, 2010Retailers reported surprisingly strong August same-store sales as many consumers braved scorching summer temperatures to bag juicy discounts on school-related products.
Strongest jobs recovery in decades. Seriously
September 4, 2010A jobless recovery? Hardly.
Jobless claims decline, but not enough
September 4, 2010The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish.
