‘Business’ Archives
Chinese Imports Help Lower U.S. Trade Deficit
The United States October trade deficit dropped to the lowest level since January according to a government report issued Friday. Imports were down by half a percent to $197.4 billion, while exports rose 3.2 percent, to $158.7 billion. Exports to China reached a high while India and other emerging Asian nations contributed to the bulk of the [...]
GM Makes Public Stock Offering: Chinese Ante Up
General Motors made its first public offering since filing for bankruptcy. GM stock began trading on Wall Street again Thursday, signaling the rebirth of the American corporate icon. The stock began an immediate rise in its first minutes of buying and selling, going for nearly $36 per share -- up 6% more than the price GM set for the initial [...]
Will America See Double Digit Inflation?
Federal Reserve Chairman Ben Bernanke is printing money again, and outraged critics at home and abroad are predicting that this aggressive plan will boost inflation, weaken the dollar and "monetize the debt," something Bernanke told congress under oath he would not do. Bernanke has admitted that this is new territory. There could be unintended [...]
