Apple Announces iRadio, Mobile and Mac Updates

SAN FRANCISCO (AP) — Apple announced new MacBooks, a new Mac operating system and an update to its iWork package of productivity software during a keynote presentation Monday at the company’s annual conference for software developers in San Francisco. It is also expected to reveal a digital radio service and changes to the software behind […]

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Asia stock markets seen cautious on China growth worries, dollar up

By Cecile Lefort SYDNEY (Reuters) – Asian stock markets are set for a cautious start on Monday as another set of soft data from China over the weekend rekindled global growth worries, but any selling may be contained on easing concerns that the massive U.S. stimulus could be scaled back in the near future. The […]

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Is America’s Middle Class Recovering?

America’s middle class is shrinking. Thirty-two percent of Americans actually consider themselves lower class… that’s up from twenty-five percent in 2008. With less job security, less disposable income and less opportunity, the definition of middle class isn’t what it used to be. Here are some facts: Only half of American households are middle-income…down from sixty-one […]

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Behind Surveillance Flap, Plunging Trust in Government

If it were the 1950s and the feds were in cahoots with the phone company to root out communist spies, it would hardly be an issue. The press might even choose not to report on it. Obviously, much has changed since then. Most notably, a sweeping digital revolution has given the federal government and other […]

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Jobs Report: Bulls Need a Number That’s Just Right

It’s a dirty little secret that only a few of the economic reports so breathlessly reported every day really matter to traders. When the Bureau of Labor Statistics releases its non-farm payroll data for May at 8:30am est on Friday morning you’ll be able to hear a pin drop on Wall Street. The FOMC’s dual […]

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Asian shares sag to 2013 lows on Fed stimulus jitters

By Chikako Mogi TOKYO (Reuters) – Asian shares tumbled to fresh 2013 lows on Thursday as growing uncertainty on whether the U.S. Federal Reserve would roll back its stimulus this year kept markets on edge, while turbulence in Japanese equities led to choppy dollar-yen trade. European stock markets looks set to stay under pressure, with […]

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Private Sector Adds 135k Jobs in May: ADP

NEW YORK (Reuters) – Companies picked up the pace of hiring in May, though job growth remained sluggish and fell short of economists’ expectations as the goods-producing sector shed payrolls. Private employers added 135,000 jobs in May, the ADP National Employment Report showed on Wednesday, missing forecasts for a gain of 165,000. April’s private payrolls […]

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Stocks Slide: Dow Set to End Record Tuesday Streak

Stocks Slide: Dow Set to End Record Tuesday Streak Reuters Stocks dipped with the Dow set to record its first Tuesday loss in 20 weeks as investors paused before a flurry … From:*http%3A//*http%3A//

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Is the Housing Recovery a Sham?

Home prices have risen at the fastest rate in seven years. Sales of previously owned homes in April hit their highest level in more than three years. The housing market has finally turned the corner, right? Not necessarily says Heidi Moore, U.S. finance and economics editor at the Guardian. The so-called housing recovery may be […]

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June Swoon to Come?

If every day this month had been like Friday, then “sell in May and go away” would be an accurate statement for 2013. However, despite the steep late-day selloff on the final day of the month, the major indices ended May firmly on the upside, with the Dow gaining 1.86%, the SP up 2.08% and […]

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