The Payroll Employment Data (or Employment Situation, as the Bureau of Labor Statistics calls it) was announced today. In summary, it indicated that 166,000 new jobs were created in the month of October - about twice the amount than “economist predictions.” Now I know that 166,000 is a rather small number in terms of macro […]
Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is ... [Link]
Asian stock markets tumbled Thursday, with benchmarks in Japan and Hong Kong both losing more than ... [Link]
Oil prices fell below $53 to almost a two-year low Thursday in Asia as investors, egged on by ... [Link]
Companies that buy back stock are beautiful. Buying back stock reduces the number of shares outstanding. That reduces the “float” of shares out there to buy and sell. Lower supply will lead to generally higher prices. Companies that buy back stock put in support for their share price (a support level, under which the price […]
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