As the annual post-Thanksgiving shopping onslaught begins, the spending habits of Americans will be closely scrutinized for clues into one of the most important drivers of the U.S. economy. But there are already signs that consumers have changed their behavior in ways not seen during other economic cycles—and the recovery is suffering because of [...]
AP - Groupon Inc.’s stock fell below its initial public offering price for the first time as investors reassess the challenges facing the still-unprofitable online deals company in a shaky economy.[Read more...]
Reuters - The U.S. economy grew at a slightly slower pace than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened views output would pick up in the current quarter.[Read more...]
Mariano Rajoy By Fiona Govan, Madrid 9:03PM GMT 20 Nov 2011 Comments Initial exit polls suggested the Popular Party had secured between 181 and 185 [...]
BRUSSELS—The European Union slashed its growth forecast for the coming year and said it can’t exclude the possibility of a “deep and prolonged recession.” The European Commission, the EU’s executive arm, said Thursday in its semiannual forecast that the 27-nation bloc’s economy is struggling amid weak confidence, financial turmoil, government austerity packages and slowdowns [...]
The eurozone is currently bound by monetary union but there is no fiscal union. Photo: AFP By Angela Monaghan, Economics Correspondent 2:21PM GMT 10 Nov 2011 Comments [...]
Reuters - Stocks fell in choppy trade on Monday as political uncertainty in Italy fueled investor concern the euro zone debt crisis could engulf the bloc’s third biggest economy.[Read more...]
Reuters - Stock index futures fell on Monday as political turmoil in Italy sparked worry the euro zone debt crisis could consume the region’s third largest economy.[Read more...]
Reuters - Stocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe’s debt crisis.[Read more...]
LONDON—The U.K. economy grew more than expected in the third quarter as it rebounded from one-off disruptions earlier in the year, but the underlying picture remained fragile with muted growth reported over the 12-month period. Enlarge ImageClose Bloomberg News London’s city skyline. The U.K. economy grew more than expected in the third [...]
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Czech statesman Vaclav Havel dies
Elated, last US troops leave Iraq, ending war
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Last US troops elated to leave Iraq as war ends
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Final U.S. Troops Leave Iraq
Last US troops leave Iraq as war ends
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Philippines steps up flood rescue
Senate OKs payroll tax cut, huge spending bill
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Cairo Protesters, Police Clash; 9 DeadPolice Clash With Cairo Protesters; 9 DeadClashes in Cairo Leave 8 Dead
Senate OKs $1T budget bill, payroll tax cut
(AP)Senate OKs short-term extension of payroll tax cut
(AP)