New Unemployment Claims Less Than Expected
The U.S. Labor Department announced that new applications for jobless benefits has been revised downwards to a seasonably-adjusted 554,000 from 575,000 for the week ending December 13th. The revised number is slightly less than the projected 558,000. More
Euro Gains on Dollar and British Pound
Recent interest rate cuts continue to force down the U.S. dollar and the British pound – the dollar fell to $1.463 against the euro and the pound hit a new low record of 1.059 euros in early trading in London. More
Obama’s Stimulus Plan May Exceed $850 Billion
An adviser serving on President-Elect Barack Obama’s transition team said yesterday that Obama may request $850 to fight the growing recession in the US. More
Yen Falls on Hint that Japan Could Devalue the Currency
The yen fell against the dollar today as Japan’s Finance Minister noted that he has “the means” to prevent the yen from appreciating further. More
