LATEST NEWS
Find out what is happening in the economic and financial world in the US and the world in this area. Our news articles are updated frequently and will help you to gain added perspective on your money matters.
 US Consumer Confidence Declines02 February 2012 Which Way to Pay Consumer confidence in the United States dropped in January coming in below forecasts and put an end to two months of gains. Read More >> |
 2012 Election To Revolve Around Economy31 January 2012 Which Way to Pay The economy is set to the main focus for election candidates. Obama’s re-election campaign may be difficult considering unemployment is above 8% and GDP is growing below historical trend. Read More >> |
 US Economy Grows At Fastest Pace In Over A Year27 January 2012 Which Way to Pay The Commerce Department said today that gross domestic product expanded at a 2.8 % annual rate, a sharp increase from the 1.8 % seen in the third quarter of the same year. Read More >> |
 U.S. Economy On The Mend?24 January 2012 Which Way to Pay For now home sales are up and business confidence is rising and so the chance for improvement could be a real possibility as significant progress continues to be made in terms of government debt. Read More >> |
 U.S. Falling Behind Market Rivals20 January 2012 Which Way to Pay The United States, according to a recent report, is falling behind other nations and is less competitive than its market rivals. Read More >> |
 US Unemployment Falls To 8.5%06 January 2012 Which Way to Pay In the U.S. non-farm pay-roll data came in exceeding all expectations reaching highs of 200,000. With unemployment reaching a 3 year low, these figures, released by the Labour Department, point to a giant leap forward for U.S’s recovering economy. Read More >> |
 All Eyes On US Economy03 January 2012 Which Way to Pay It will be a busy week for US data. The ISM manufacturing report has shown that in December manufacturing grew at an accelerated rate. Read More >> |
 U.S. Data Takes Centre Stage22 December 2011 Which Way to Pay U.S. stock-markets futures pointed to a higher open for Wall Street, assisted by a rebound for European markets. Before trading Dow Jones Industrial Average futures were up 37 points, 0.3% to 12063. Read More >> |
 No Progress In Payroll Tax Showdown21 December 2011 Which Way to Pay Speaker John Boehner and House Republican negotiators urged Democrats to restart talks on extending the payroll tax cut today, but showed little progress in resolving a partisan standoff that now threatens to erode the paychecks of 160 million people across the US. Read More >> |
 House Republicans Call for Changes to Payroll Tax Deal20 December 2011 Which Way to Pay House Republican leaders have announced that they will not approve a bipartisan package on short-term tax break for workers in the latest squabble in Congress over the budget. Read More >> |
 $300 Million Investment in Twitter by Saudi Prince19 December 2011 Which Way to Pay Saudi Arabian Prince Walid bin Talal has announced that he has invested in $300 million worth of shares in media site Twitter as he continues to expand his US business portfolio. The investment by Prince Walid and the Kingdom Holding Company represents roughly 3% of Twitter. Read More >> |
 Poor Sales Lead to Store Shake-Ups16 December 2011 Which Way to Pay As retail sales have continued to fall since Thanksgiving weekend, retailers across America are shaking things up in order to combat this. Prices are being lowered, specials extended, stores open later some retailers are even moving the Saturday-before-Christmas sales. Read More >> |
 Initial Claims at Lowest Level Since 200815 December 2011 Which Way to Pay Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that initial claims were at their lowest level since May 2008. Read More >> |
 US Federal Reserve Takes No Action14 December 2011 Which Way To Pay Tuesday saw the Federal Reserve announce that it was not taking any further action for 2011, keeping up existing stimulus to up economic growth but not starting any additional efforts. The news comes as more evidence that the US economy is sluggishly returning to health emerges. Read More >> |
 Iran Reject US Request to Return Captured Drone13 December 2011 Which Way to Pay Iran has rejected a US call for the return of a surveillance drone captured by Iran's military earlier this month. The unmanned aircraft was now "property" of Iran and it was up to Iran to decide what to do with it, Defence Minister Ahmad Vahidi said. Read More >> |
 Congress to Debate Massive Spending Bill08 December 2011 Which Way to Pay Conservative flashpoint issues from abortion and abstinence education to President Barack Obama's health care law are the biggest obstacles to Congress completing a massive year-end spending bill next week that would keep the government running through next September. Read More >> |
 Citigroup to Cut 4,500 Jobs07 December 2011 Which Way to Pay Citigroup Inc. Chief Executive Officer Vikram Pandit will cut about 4,500 jobs in coming quarters as he seeks to reduce costs amid slumping revenue and "unprecedented" market conditions. Read More >> |
 28,000 US Postal Service Jobs Cut06 December 2011 Which Way to Pay Over 50% of the mail-processing centers run by the US Postal Service are to be shut down as part of a $3 billion austerity scheme, which is expected to see 28,000 jobs lost. Read More >> |
 Cain Suspends Campaign Following Affair Allegations05 December 2011 Which Way to Pay Us presidential candidate Herman Cain has announced that he is suspending his campaign for the Republican nomination. His reasoning was tied up with the ‘false’ allegations of engaging in an extra-marital affair for 13 years, as well as sexual harassment and the resulting political and media pressure on him and his family. Read More >> |
 120,000 Jobs Added in US02 December 2011 Which Way to Pay November saw another average month of job creations in the US. According to the Labor Department, 120,000 jobs were added by employers last month. The mediocre figure comes after 100,000 positions were created in October. Read More >> |
 Draghi Hints at Increasing Eurozone Support01 December 2011 Which Way to Pay The president of the European Central Bank, Mario Draghi, today hinted that the bank may increase its support of the eurozone economy should its political leaders take firm action to prevent debt crisis in the future. Read More >> |
 AMR Corporation Goes Bankrupt30 November 2011 Which Way to Pay The parent company of American Airlines, the AMR Corporation, announced today that they have filed for Chapter 11 bankruptcy protection in an attempt to lower the costs of labor and rid the company of huge debts. Read More >> |
 Retailers See Record Sales Over the Weekend28 November 2011 Which Way to Pay Following fierce promotions from retails across the country for Black Friday, American shoppers set records in both traffic and sales, returning consumer activity to levels not seen since before the recession. Read More >> |
 European Debt Crisis Worsens25 November 2011 Which Way to Pay In another sign of Europe's worsening crisis, two Italian debt auctions drew poor demand today, sending bond yields soaring and keeping investors on edge. Read More >> |
 Black Friday Divides Shoppers24 November 2011 Which Way to Pay Tonight the busiest shopping weekend of the whole year begins. But the sales are set to vary considerably for affluent Americans and those with lower budgets. The state of the economy will be displayed clearly for all to see. Read More >> |
 Nokia Siemens Work Force to be Cut by 23%23 November 2011 Which Way to Pay Technology giants Nokia and Siemens have announced major job cuts throughout their joint equipment venture Nokia Siemens Networks today. The company plans to cull 23% of jobs in an attempt to boost profits as the network gear market stalls. Read More >> |
 US Economic Growth Downwardly Revised for Third Quarter22 November 2011 Which Way to Pay The US economy expanded at a slower rate than previously thought throughout the third quarter this year. Read More >> |
 US Gasoline Prices Fall Slightly21 November 2011 Which Way to Pay The price of gasoline across the country fell by almost 5 cents as the Thanksgiving holiday approaches and a slump in demand and cheaper crude prices maintain pressure on costs. Read More >> |
 Boeing Wins Largest Order with $21.7 Billion Lion Air Deal18 November 2011 Which Way to Pay Boeing has bagged its biggest commercial order after signing a deal worth $21.7bn (£14bn) with Indonesian airline Lion Air. Read More >> |
 US Inflation Eases as Consumer Prices Fall16 November 2011 Which Way to Pay The Labor Department has released data that signals that consumers paid less for cars, computers and gas throughout October, with overall prices falling for the first time since June. This has led to an easing in inflation following the spike in prices seen in spring. Read More >> |
 Retail Sales Increased by 0.5% in October15 November 2011 Which Way to Pay Retail sales across the US rose throughout October, with Americans especially spending more money on electronics, autos and building supplies. This marks October as the fifth consecutive month to see hikes in retail sales, according to the Commerce Department. Read More >> |
 Banks Quietly Hike Costs to Consumers14 November 2011 Which Way to Pay Even as Bank of America along with various other major lenders turn away from charging customers to use their debit cards, many banks have been quietly imposing several additional new fees. Read More >> |
 Unemployment Aid Lowest For 7 Months11 November 2011 Which Way to Pay The number of people across the United States claiming unemployment benefits fell last week to the seasonally adjusted level of 390,000 according to the Labor Department. Read More >> |
 G.M. Profits Drop 2% to $1.6 Billion09 November 2011 Which Way to Pay The vehicle manufacturing giant Ford Motor Co. published its third quarter earnings today. The company earned $1.6 billion throughout the period, a decrease of 2% from the same quarter a year ago. Read More >> |
 Sales in Retail Sector Slow Throughout October03 November 2011 Which Way to Pay Figures released today show that same-store sales slowed down in October, which does not bode well for retailers across America as we head into the holiday season, the most important and lucrative time of year. Read More >> |
 Debit Card Fee Cancelled by Bank of America02 November 2011 Which Way to Pay Bank of America have announced that will not be imposing a plan to charge customers $5 a month for making payments with a debit card after fierce opposition from its customers. Read More >> |
 MF Global Under Investigation for Missing Money01 November 2011 Which Way to Pay Having filed for bankruptcy protection only yesterday, the brokerage firm MF Global is under investigation by federal regulators after millions of dollar of customer money is unaccounted for over the last few days. Read More >> |
 MF Global Files for Bankruptcy Protection31 October 2011 Which Way to Pay The US brokerage firm MF Global has filed for bankruptcy protection today, making it the first company to do so in US since the European debt crisis. Filing for Chapter 11 bankruptcy protection, the company’s parent firm has identified liabilities of over $1 billion and listed its assets at $100 million to $500 million. Read More >> |
 Rick Perry Unveils Tax Reforms25 October 2011 Which Way to Pay Rick Perry, the presidential candidate for the Republican Party in the 2012 elections has unveiled a tax plan that aims to reform the current tax code and turn the US economy around. Presenting his plan, Perry wrote in the Wall Street Journal outlining his proposals, revolving mainly around a flat, voluntary tax at the rate of 20% for both incomes and companies. Read More >> |
 Late Payments on Credit Card Debt Up in September24 October 2011 Which Way to Pay Five of the six biggest issuers of credit cards in the United States have seen late payments increase throughout September. It would seem like consumers across the country are struggling through the sluggish economic times, and are struggling to pay off credit card debt. Read More >> |
 Social Security to Increase by 3.6%19 October 2011 Which Way to Pay For the first time in three years, senior citizens are to see their Social Security increase. The extra money is not however expected to help the majority of senior citizens. Hiked premiums in Medicare are expected to take out most of the raise. Read More >> |
 Apple Sells Record Numbers of iPhone 4S18 October 2011 Which Way to Pay Technology giant Apple today announced that over 4 million of the new iPhone 4S smartphones have been sold since it was launched just 3 days ago. This is a record for sales of any iPhone since its launch. The number outstrips the amount of iPhone 4 devices that were sold during last year’s opening weekend by more than double. Read More >> |
 US Stocks Make Comeback on Strong Retail Sales14 October 2011 Which Way to Pay Wall Street climbed this morning as strong figures were reported for retail sales throughout September across the US at the fastest rate seen in several months. The broad S&P 500 index gained 16.17 points, 1.34%, and was up to 1,219.83. Read More >> |
 Weak Global Economy Shown in US and China Figures13 October 2011 Which Way to Pay The current slowdown in the global economy has been highlighted by reports released today over the trade relationship between China and the US. The trade deficit in the US was largely unchanged throughout August at $25.6 billion. This is the lowest figure since April, and over $100 million less than the same month last year. Read More >> |
 New iPhone Pretty Cool!12 October 2011 Which Way to Pay Lots of avid fans of Apple technology were disappointed when the iPhone 5 release was actually the iPhone 4S. People wanted a new look and amazing new technology, which apparently the 4S does not provide. But there are various improvements to the new model that are pretty cool, even if it does look the same. Read More >> |
 Social Media to Generate $10 Billion in 201111 October 2011 Which Way to Pay The technology research firm Gartner claim that worldwide revenues generated from social media sites, like Facebook, are up by 41% from 2010 and are on track to reach $10 billion by the end of the year. The company predicts that profits will grow exponentially over the next few years, and have growth projections of 50% by next year, and are expected to triple by 2015 to $29 billion. Read More >> |
 Incomes Fall Over US10 October 2011 Which Way to Pay A study conducted by former Census Bureau officials has shown that disposable household income fell more in the two years after the recession than in the recession years themselves. From December 2007 to June 2009, the official time span of the recession, disposable income fell on average by 3.2% across the US. Read More >> |
 153,000 Signatures on Petition Over Debit Card Fee07 October 2011 Which Way to Pay A 22 year old customer of the Bank of America has started a grassroots campaign to refute the $5 fee the bank is planning to introduce on debit cards. Today Molly Katchpole handed in over 153,000 signatures on a petition against the fees to a branch of the bank in Washington D.C. Read More >> |
 Sarah Palin Not to Run for President in 201206 October 2011 Which Way to Pay Sarah Palin has released a statement in which she announced that she will not run a presidential campaign next year. Instead, she and her husband are going to ‘devote ourselves to God, family and country’. The announcement comes after months of speculation over Palin’s next move. She has slipped in popularity polls among Republicans over the past few months. Read More >> |
 Holiday Jobs Raise Hopes Over Unemployment Rate05 October 2011 Which Way to Pay Regardless of the volatile economy, many leading retailers have said that they intend to create the same number of jobs, if not more, in preparation for the holiday season as last year. The Christmas period of 2010 saw almost a 50% increase in temporary hiring. Although the numbers are not significantly higher than last year, increases can be seen. Read More >> |
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