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Retail and Business

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Poll: Americans not overly concerned about debt downgrade

Many Americans are unperturbed by the debt downgrade that sent the Dow Jones industrial average plunging, CNNMoney reported.

After Standard & Poor’s downgraded the United States’ credit rating by one notch to AA+ from AAA, …

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Stocks up to start the day

U.S. stocks rose to start out the day, following yesterday’s drop that wiped out $1 trillion from the nation’s market value, on speculation that the Federal Reserve will act to restore confidence in financial markets, …

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Wild day on Wall Street

Stock prices have moved violently all day on Wall Street, with the Dow Jones industrial average swinging more than 400 points during the session, CNNMoney reported. Positive influences include a strong U.S. jobs report and …

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Construction making a comeback

The nation’s construction industry added 8,000 jobs last month, according to the Aug. 5 employment report by the U.S. Labor Department. The construction industry has added 32,000 jobs in the past 12 months, and its …

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Good news on the hiring front

Hiring picked up slightly in July, CNBC reported, and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.
 
Employers added 117,000 jobs …

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World markets follow Dow down

World markets sold off Friday, CNNMoney reported, a day after the Dow Jones industrial average index had its worst point loss since the 2008 financial crisis.

“It seems that yesterday was the day that markets …

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Open for business


It’s hard to imagine Alex Rhoads as a divorce attorney. Such a somber job just doesn’t seem to jibe with the jovial gentleman who greets you at AllSpice with his quick wit and an honest …

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Survey: CEOs lose confidence to start third quarter

Confidence among U.S. CEOs waned at the start of the third quarter as business leaders anticipated smaller gains in sales, employment and equipment purchases, Bloomberg reported.

A private survey, the Young Presidents’ Organization (YPO) gauge …

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More bad news for the stock market

Investors fled stocks on Thursday, putting the Standard and Poor’s 500 index into correction territory, as worries about the U.S. economy and European debt escalated, Reuters reported.

Two of the three major stock market indexes …

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Unemployment claims drop to 400,000 last week

The number of Americans making new claims for unemployment benefits dropped last week to a level that shows limited improvement in the labor market, Bloomberg reported.

Applications decreased by 1,000 in the week ended July …