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Posts Tagged ‘gdp’

October 8th, 2012

World Bank Cuts Economic Forecast of East Asia: Stock React Negatively

(George Sterling) - On Monday, the World Bank cut its economic growth forecast for the East Asia region, due to which, stocks dropped. The World Bank pin pointed concerns regarding corporate profits along with the overall negative global economic outlook as the reasons of cutting the region’s growth forecast. On the other hand, World Bank also raised concerns [...]

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July 16th, 2009

Fed Comments Help Stocks

(Lee Siler) - The market had one of the best days of the year on brisk trading. Earnings news is adding fuel to this market and this morning JP Morgan Chase is the accelerant. The company announced that strength in their core consumer business and investment banking offset a jump in credit losses. Earnings were 28 cents a share versus estimates of only 4 cents. However, revenues fell slightly short of expectations. JPM is traded up almost 4.5% yesterday.

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April 29th, 2009

GDP Down For Third Straight Quarter

(Lee Siler) - The U.S. economy shrunk more than expected, according to the Commerce Department. The U.S. saw economic contraction for the third straight quarter, a run not seen since 1974-1975. Analysts had expected the GDP to be down 4.9%, but the number actually came in down 6.1%.

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