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IMF chief asks for more money to bailout Europe
The head of the International Monetary Fund (IMF), Christine Lagarde, has warned that the IMF may need billions in additional funding to ... continue reading
Global recession looms amid worrisome reports
All signs point to recession. On Thursday, stocks slid on reports that manufacturing was down, particularly in Europe and China. And the ... continue reading
HP changes leadership, Apotheker out, Meg Whitman in
Leo Apotheker is out and Meg Whitman is in, according to computer giant, Hewlett Packard (HP). HP announced the change today, replacing ... continue reading
Operation Twist simply explained
The Federal Reserve is going to try pushing the interest rate on 10-year treasuries to a new low. Already at 1.95 percent, the Fed is ... continue reading
More insurance for the young, but less for the old
There are 1 million young adults who now have health insurance thanks to changes in the law made under the Obama administration. Likewise, ... continue reading
European banks on brink of failure as fear takes hold
Several of Europe's banks are on the brink of failure, as national governments race to do what little they can to prevent another global ... continue reading
U.S. markets continue slide
Wall Street stocks were sharply down on Tuesday as investors reacted to a series of weak reports on the U.S. and world economy. ... continue reading
U.S. Economy sluggish, no end is sight
A government report, released Friday, shows the US economy is up, but not by much In a much anticipated speech on Friday, Ben Bernanke ... continue reading
GE snubs U.S., sells technology to China
As reported by the Washington Post, General Electric (GE) has entered into a contract with China's state-owned aviation industry to provide ... continue reading
Warren Buffet has eureka moment in tub, invests $5B in B of A
Like the famed Greek mathematician, Archimedes, Warren Buffet has had an eureka moment while taking a bath. Whole soaking, and presumably ... continue reading
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Daily Readings for Friday, May 02, 2025
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