Search Results for: recession

US government sues Standard & Poor’s after AAA downgrade

Standard Poor's

The US government is blaming the financial crisis that catapulted the US into recession in 2007 on debt raters Standard & Poor’s. But by singling out S&P, the DoJ raises suspicions that it might be retaliating for a downgraded US credit rating. In a Monday evening filing in federal court, …

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Why You Should Consider CFD Trading

While daily trading volumes may have declined slightly since the Great Recession, the evolution of the financial marketplace has ensured that even volatile entities such as the foreign exchange remain surprisingly active. This is largely thanks to trading vehicles such as contracts for difference (CFDs), which enables investors to minimise …

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Wall Street banks are still ‘too big to fail’

Bank of America

The biggest banks still don’t have adequate bankruptcy plans to avoid precipitating another economic crisis, said U.S. regulators. Eleven of the nation’s largest banks still do not have viable bankruptcy plans that would avoid causing widespread economic damage, U.S. regulators said Tuesday in a sweeping admonition of Wall Street’s giants. The Federal …

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Romanian president impeached

Romanian President Traian Basescu

Romanian MPs have voted to impeach President Traian Basescu, initiating a process that could oust the unpopular leader in a national referendum. Some 256 of the bicameral parliament’s 372 deputies voted to impeach Basescu, 114 voted against the motion, and two votes were canceled, the final count showed. Senate Speaker …

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Pro-bailout party wins parliamentary elections in Greece

New Democracy Antonis Samaras

Greece’s pro-bailout New Democracy party has narrowly won the country’s parliamentary elections by securing 29.7 percent of the vote, the Interior Ministry says. The anti-bailout far left Syriza party garnered 26.9 percent of the ballots to come in second in the Sunday elections, the ministry said. The results showed that …

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How Stock Market Behavioural Finance Can Be Used on Consumers

Most people probably don’t realise that emotion and human feeling comes into the stock market analysis too. While it is largely a numbers game, and the industry and sector play a huge part – not to mention how the stock market itself is faring, two companies with similar numerical stats …

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S&P to pay $1.4 billion settlement for defrauding investors

S&P Standard and Poor's

One of the world’s biggest credit rating agencies has agreed to pay United States prosecutors nearly $1.4 billion to settle claims it defrauded investors ahead of the 2008 financial crisis. Under the terms of the settlement acknowledged on Tuesday this week, Wall Street giant Standard & Poor’s will pay a …

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25 EU banks fail stress test

European banks

Nearly one in five leading European banks have failed the stress test conducted by the European Central Bank, which revealed a $31.2 billion (€24.6 billion) capital gap in 25 banks showing they’re not ready to withstand a three-year recession. The results of the EU-wide stress test were reported on Sunday …

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The Italian jobs? Unemployed youth clash with police in Italy

About 3,000 unemployed demonstrators have clashed with riot police in Naples during a protest against rocketing youth unemployment. The violence erupted in the city after a visit by Labor Minister Elsa Fornero and left 23 people injured. Protesters donned masks of the unpopular Fornero and waved banners calling for Prime …

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Queen gets a 20% pay rise…are you f#@king serious?

As a growing number of British families are feeling the pinch of rising household costs and taxes amid the recession, Queen Elizabeth II is getting a pay rise! The Queen’s annual pay is about to jump by 20 percent from 30 to 36 million pounds, at a time when Britain …

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Major US retailers closing over 6000 stores

Radioshack

If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores? The “retail apocalypse” that I have written about so frequently appears to be accelerating. As you will see below, major U.S. retailers have announced that they are closing more than 6,000 …

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JP Morgan accumulating world’s largest physical silver hoard

Jamie Dimon JP Morgan

Why in the world has JP Morgan accumulated more than 55 million ounces of physical silver? Since early 2012, JP Morgan’s stockpile has grown from less than 5 million ounces of physical silver to more than 55 million ounces of physical silver. Clearly, someone over at JP Morgan is convinced that physical silver is a great …

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Will Americans Today Ever Be Able to Retire?

Americans retire today

We are living in very uncertain times.  Global tensions are mounting to new heights, and politicians on both the right and the left are polarizing. The future of Social Security and Medicare is uncertain. Even so, many Americans are unaware of the deeper crisis brewing quietly throughout the country—one which …

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IMF warns Federal Reserve not to raise rates

IMF Federal Reserve not raise rates

The International Monetary Fund has recommended that the US Federal Reserve abstain from any interest rate hikes in the near-term, a recommendation which was subsequently rebuffed by the Fed due to fundamental disagreements over how to approach economic policy. Kristian Rouz — The International Monetary Fund, a Washington-based global lender, has recommended …

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More Mexicans are leaving the United States than entering

Mexican border Mexico

As Donald Trump vows to shield America from a deluge of Mexican migrants, he may be a bit flabbergasted by this fact: More Mexicans have actually left the States than entered it in recent years. The US saw a net decrease in Mexican residents from 2009 to 2014, a report by the …

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Citigroup managing director found dead, another banker ‘suicide’

Citibank suicide banker death

Citigroup managing director Shawn D. Miller was found dead in the bathtub of his New York City apartment, following what police suspect was a suicide in a year marked by suspicious banker deaths. Miller, 42, was the global head of environmental and social risk management at New York-based Citigroup, America’s …

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OPEC alliance begins to crumble as price of oil plunges

Saudi Arabia oil

The past few weeks have seen the gradual breakup of the powerful international oil cartel of OPEC, the Organization of the Petroleum Exporting Countries. Comprised of twelve member-states, OPEC has been extremely influential in the oil industry, controlling prices and supply since its inception in 1960. The cartel is most …

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US jobs report: a disaster

Unemployment line

Month after month, dismal jobs numbers are released from Washington and quickly spun to either enhance the image of the Obama administration or attempt to smash it. This month, though, there’s only one way to look at the figures — and it’s bad. The US Department of Labor released employment …

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