Debtors Prison

ExxonMobil, BP Sign Contracts with Russian Gas Giant Rosneft

On the last day of the St. Petersburg International Economic Forum, large energy companies signed contracts with Igor Sechin, President and Executive Chairman of Rosneft and a man on a US sanctions list. ExxonMobil and British Petroleum (BP) were a few of the companies involved in the forum. It […] Click here to view original web page at www.breitbart.com Read More »

S&P 500 Closes Above 1900

U.S. stocks gained for a third day on Friday, lifting the S&P 500 to a record finish, as Hewlett-Packard surged and after a better-than-expected “The housing numbers were good today, so maybe that is helping a little bit. But it’s such a thin market that any news that comes […] Click here to view original web page at www.cnbc.com Read More »

Penny stock trades boom on Wall Street

“I like things below three cents, because of the upside potential, and it limits the downside,” says penny stock trader Steve Templeton, who recently used his winnings on unlisted medical marijuana stocks to finance a move to Tennessee from California. Average monthly trading volume at OTC Markets Group ( […] Click here to view original web page at seekingalpha.com Read More »

Obama’s Economy: Temp Jobs Grew 45%, Manufacturing Shrank 3.2%

In two weeks, the political and financial worlds will pause for the May Jobs Report from the Labor Department. While pundits will debate the change in payrolls and the unemployment rate, focusing on just the monthly numbers obscures more troubling underlying trends in the labor force. Since Obama took […] Click here to view original web page at www.breitbart.com Read More »

China’s ‘Shadow Banking’ Could Be 2007 All Over Again

“The shadow banking over there is potentially 2007 all over again if things don’t go properly,” said Cashin, director of floor operations at . Shadow banking refers to how financial intermediaries create credit by means that escape government oversight. Often, these financial instruments are highly complicated and unregulated. Credit […] Click here to view original web page at www.cnbc.com Read More »

US unemployment aid applications rise to 326,000

 The number of people seeking U.S. unemployment benefits jumped last week, but remained at a low level that suggests hiring should remain steady. Applications rose 28,000 to a seasonally adjusted 326,000, the Labor Department said Thursday. The increase comes after applications fell to their lowest level […] Click here to view original web page at hosted.ap.org Read More »

Nation On The Dole: 10,996,447: Disability Beneficiaries Hit New Record

 The total number of disability beneficiaries in the United States rose from 10,981,423 in March to 10,996,447 in April, setting a new all-time record, according to newly released data from the Social Security Administration. The number of Americans receiving disability benefits continues to exceed the populations of […] Click here to view original web page at www.cnsnews.com Read More »

Stocks decline on disappointing retail sales

U.S. stocks fell sharply on Tuesday after a Federal Reserve official said rate hikes might come sooner than expected and Staples and other retailers offered disappointing quarterly results. “The thing I hear most is the question of whether the sharp downturn in interest rates signals underlying weakness in the […] Click here to view original web page at www.cnbc.com Read More »

AT&T to buy DirecTV for $48.5 billion

By Liana B. Baker, Soyoung Kim and Marina Lopes (Reuters) – AT&T plans to pay $48.5 billion to buy DirecTV, the top U.S. satellite TV operator, in a bid for growth beyond an increasingly competitive cellular market. The deal, announced on Sunday, comes as Comcast Corp awaits regulatory approval […] Click here to view original web page at news.yahoo.com Read More »