President Obama

Recent Posts

Parasnand Madho
14 Sep, 2011 | 08:04 AM
4,912 Views
Comments (0)
Image by World Economic Forum via Flickr ...
Parasnand Madho
12 Sep, 2011 | 08:05 AM
5,315 Views
Comments (0)
Image via
Courtney Raio
9 Sep, 2011 | 04:38 PM
17,882 Views
Comments (0)
Markets closed lower after a German official at the ECB resigned from his post, and the President’s address on jobs did not satisfy investors. The Dow rebounded off of the day’s lows, but down over 300 points, breaking below 11,000.  For the week the Dow was down 2.2% and the S&P 500 was down 1.6%. ...
Parasnand Madho
9 Sep, 2011 | 08:00 AM
4,589 Views
Comments (0)
Ahead of the Bell: Dow futures are trading down 51 points and S&P futures are trading down 7 points following President Obama's $447 billion jobs proposal last evening. Economists are forecasting initial estimates; if the plan is adopted in full, it could lower the unemployment rate from 9.1 percent to about 8 percent in 2012, and give a boost to the faltering economy.  Economists also estimate the most meaningful part of the proposal is the payroll tax, which could add approximately 400K jobs and increase GDP by 0.5 percent in 2012. ...
Courtney Raio
8 Sep, 2011 | 04:37 PM
17,267 Views
Comments (0)
Image by Getty Images via @daylife ...
Parasnand Madho
8 Sep, 2011 | 08:03 AM
4,257 Views
Comments (0)
Ahead of the Bell: Dow futures are trading down 21 points and S&P futures are trading down 4 points following Wednesday's sharp increase in equities. The ECB and the Bank of England have voted to maintain interest rates, halting its rate tightening cycle to support global economic growth. Federal Reserve Chairman Ben Bernanke will be speaking to the Minnesota Economic Club in Minneapolis. The Chairman is not expected to announce any new quantitative easing program. However, some traders think Bernanke may provide a hint at further easing steps to stimulate the economy. ...