Archive for the 'Business & Economic News' Category

Why is Greece Affecting U.S. Markets?

Tuesday, February 9th, 2010

With the recent global economic crisis punishing nearly every economy around the world, some nations are faring better than others. Greece is one of the countries that is not holding up so well. Greece saw its 2009 budget deficit jump to 12.7% of GDP, significantly higher than the 3% ceiling imposed by the European Union. [...]

Dow Rebounds to End Above 10,000

Friday, February 5th, 2010

After a roller coaster day of trading, the Dow Jones Industrial Average managed to claw back above 10,000 at the end of trading on Friday. At one point during the day, the DJIA fell below 9,900. Investors appear worried about the strength of the economic recovery as well as debt trouble in Europe. The rebound [...]