Wednesday, July 27th, 2011 821 views
Stocks held in for many in the day, but sold off hardest within the last hour plus a half of trading. Even though there has been some weakness, traders are largely acting as if a deal is definitely an inevitability.
Following the close, Amazon.com Inc. (AMZN) grew to become the following in the tech leaders to report earnings, plus they did not disappoint. AMZN reported EPS of $0.41 vs $0.35 for each reveal and revenues of $9.91B vs. $9.37B estimated, as well as the stock is surging larger right after hrs (at present about 6%). Whilst the jobs picture continues to be bleak inside the US, company earnings, especially from top companies, proceed to impress.
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Monday, July 25th, 2011 616 views
Lawmakers did not achieve a budget breakthrough on Sunday and as a substitute labored on rival ideas in an impasse that heightened prospects for any catastrophic debt fault.
With time running out, Republican and Democratic lawmakers split into opposite camps and held talks among by themselves. There were no signs of the deal emerging to head off a default in nine days that can set off global financial calamity and downgrade America’s Triple-A credit rating.
After weeks of rancorous talks, finger-pointing and political point-scoring, both sides appeared even more apart than ever before on the wide deficit reduction deal that might obvious the way for Congress to boost the $14.3 trillion debt ceiling.
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Wednesday, July 20th, 2011 552 views
Six stalwart U.S. senators delivered yesterday the outlines of an intelligent and ambitious deficit- reduction proposal. It’s, as President Barack Obama succinctly said, “good news” — at a time when some is required.
The bipartisan “Gang of Six” plan will take the wise policy framework of the Bowles-Simpson fiscal-reform commission and turns it right into a workable package with the Senate to contemplate.
Despite the fact that the plan’s facts aren’t all apparent, the senators say it could decrease deficits by $500 billion instantly and by $3.7 trillion over ten years. It could overhaul entitlements, in part by switching into a so-called chained consumer price index to determine advantages.
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