Oil prices waver on Irene storm downgrade, forecast on the U.S. economy and resumption of Libyan oil supplies
Jupiter Kalambakal – AHN News Reporter
London, United Kingdom (AHN) – Oil markets in London and New York had mixed reactions to the ripples of recent events: production in the northern East Coast of the United States was not disrupted [...] Continue Reading…
Bernanke plays diplomat on next Fed moves, cautions Congress
Tejinder Singh – AHN News Correspondent
Washington, D.C., United States (AHN) – There was a recovery in the stock market with indicators closing on a slightly higher level after dipping earlier as Federal Reserve Ben Bernanke on Friday reiterated his [...] Continue Reading…
U.S. markets weakened by Jobs, Bernanke and rising jobless claims
Jupiter Kalambakal – AHN News Reporter
New York, NY, United States (AHN) – Steve Jobs’ resignation as Apple CEO, speculation on Federal Reserve Chairman Ben Bernanke’s upcoming economic stimulus plan and rising claims for jobless benefits has weakened the United [...] Continue Reading…
Changing laws challenging IRS workforce
Tejinder Singh – AHN News Correspondent
Washington, DC, United States (AHN) – The already stretched Internal Revenue Service (IRS) workforce is finding it hard to “maintain a quality workforce and enforce tax laws in an environment of changing tax legislation,” [...] Continue Reading…
Majority of Americans lack enough savings to handle $1,000 emergency
Linda Young – AHN News Writer
Washington, D.C., United States (AHN) – The majority of Americans do not have enough money to deal with a $1,000 emergency, according to the National Foundation for Credit Counseling’s (NFCC). NFCC conducted an [...] Continue Reading…
Philippine finance secretary warns of impact of U.S. ratings downgrade on financial markets
Vittorio Hernandez – AHN News
Manila, Metro Manila, Philippines (AHN) – Philippine Finance Secretary Cesar Purisima warned that the Standard & Poor’s downgrade of the U.S. credit rating would have an impact on the country’s financial markets. Purisima said [...] Continue Reading…
Dow falls more than 300 points as fear takes hold of U.S. markets
Diane Alter – AHN News Trivia Writer
New York, NY, United States (AHN) – U.S. stocks plunged home and abroad as worldwide economic weakness continues to rattle investors. The Standard & Poor’s 500 Index fell by more than 3 [...] Continue Reading…
Commerce: Americans trim personal spending in June
Linda Young – AHN News Writer
Washington, DC, United States (AHN) – Cash-strapped Americans cut back on spending in June by 0.2 percent, which translated to a decrease of $21.9 billion in personal consumption expenditures (PCE), according to the Commerce [...] Continue Reading…
Dunkin’ Brands IPO boasts 40 percent surge
Ayinde O. Chase – AHN News Staff
New York, NY, United States (AHN) – Shares of Dunkin’ Brands Group are up nearly $8 or 44 percent beyond their initial public offering price of $19 per share. By 3 p.m., shares [...] Continue Reading…
Most Americans feel student loan debt is too high
Ayinde O. Chase – AHN News Staff
Bloomington, IL, United States (AHN) – Americans are becoming more aware of mounting student loan debt and the value of higher education. According to a new COUNTRY Financial survey, four in five Americans [...] Continue Reading…
