Economy

Janet Yellen Uses Traditional Economic Models to Increase Interest Rate

On one hand Janet Yellen is guiding the Federal Reserve to increase the interest rates using traditional economic models, while on the other hand, some economists are worried as it might results in a failure.

The 69-year-old economist argued on the point that the time is very near when... read more

Sprint to Cut 2016’s Fiscal Expenses By $2.5 Billion

Sprint Corp, the American telecommunications holding company that provides wireless services, said in a statement on Sunday that it is planning to cut down its fiscal expenses of 2016 through layoffs and cost controls.

CFO of the fourth-largest telecom services provider in the United... read more

Twitter Gives Disappointing Fourth-Quarter Revenue Forecast

Online social networking service provider Twitter Inc. recently gave a disappointing fourth-quarter revenue forecast. The San-Francisco based company also reported a lower than expected user growth.

Recent forecast by the company came even after Twitter beat third-quarter profit revenue... read more

China's Economic Growth immersed below 7% for the first time

China's economic growth immersed below 7% for the first time since the universal financial crisis which has led to rise in pressure on Beijing to decrease interest rates and take extra measures to stir up activity.
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The National Bureau of Statistics said that the China’s economy... read more

China revises 2014 Economic Growth Estimate

China has changed its 2014 growth rate to 7.3% from 7.4% because of a weaker-than-reported contribution from the service sector that casted doubt on an economic bright spot in the middle of concerns regarding the health of the world’s second-largest economy.

The change is relatively small... read more

California Senators unanimously approve equal-pay measure

California lawmakers on Monday unanimously approved equal-pay measure that would prohibit employers from paying differing wages to employees who do substantially similar work.

The bill passed the California Senate with a 40-0 vote. Last week, members of the state Assembly approved it with... read more

European Union agrees to lend Euro 86 billion to Greece

European Union finance chiefs have agreed to lend _86 billion to Greece on strict bailout conditions. Greek Prime Minister and his cabinet have agreed to strict conditions imposed by the European leaders despite the protests faced by the government in Greece. Greece was under tremendous pressure... read more

Cisco reports higher-than-expected quarterly revenue and profit

Higher-than-expected quarterly revenue and profit have boosted the confidence of Network equipment maker Cisco Systems to bolster growth in future as well. Cisco said strong demands for its products in the United States have played a key role in its earnings beyond expectations.

Cisco... read more

California pays off $14 billion in costly debt

California on Wednesday paid the final installment of its $14.2 billion costly loan that it had taken more than a decade ago to plug its budget deficit.

By clearing the loan, the Golden State successfully closed an ugly and painful chapter in its financial history. But, it eventually cost... read more

Corporate debt poses another major threat for Chinese Economy

The massive $16.1 trillion corporate debt in China will be a major issue for the slowing economy of the Asian manufacturing giant. The recent turbulence in the Chinese stock market has been controlled by the authorities with strict controls but corporate debt issue could cause another shock for... read more

California adds nearly 23K nonfarm payroll jobs in June

California's rate of unemployment slightly slipped in June as employers in the state generated nearly 23,000 new nonfarm payroll jobs during the month, according to the state's Employment Development Department.

As per fresh data, employers added nearly 22,900 nonfarm payroll positions,... read more

US Jobless figures remain below 300,000 for 16th Straight Week signalling a recuperating Economy

The US labour market is surely pointing to an optimistic future as the unemployment benefit claims continue to remain at historically low levels despite of rising slightly last week, signalling low level of layoffs and robust hiring.

The Labour Department has reported that the claim... read more

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