Category:
Economy

wall street reacton fiscal cliff

American Investors among Winners in Fiscal Cliff Deal

By Bill Fay | January 2, 2013

Parties all over the world found reasons to celebrate the legislation that helped America avert the fiscal cliff. The bill, passed by the Senate in the early morning hours of…

NRA-Wayne-LaPierre-gun-industry-profits

Firearms Industry Hits the Bull’s-Eye in 2012

By Bill Fay | December 24, 2012

So the world didn’t end, after all. Whew! Looks like we dodged another bullet. Speaking of bullets, I hope everyone has their holiday shopping done. Just one last thought before…

Iceland economy heats up

Iceland’s Economy Heats Up Faster than Most

By Bill Fay | December 18, 2012

Four years after the crash, the United States is still limping along in what can best be described as an anemic recovery — better off than some nations, but not…

Interest rates to remain low

Bernanke: Interest Rates to Remain Low for Up to Three Years

By Bill Fay | December 13, 2012

The Federal Reserve vowed this week to keep interest rates near zero until national unemployment falls to the pre-recession levels, which could take up to three years. The main interest…

Global economy

Report: Growing Middle Class Expected to Boost Global Economy

By Bill Fay | December 12, 2012

The world’s middle-class population will triple in the next 20 years, bringing with it unprecedented buying power that will be a boon to the global economy, but also an appetite…

Holiday hiring and spending increase

Analysts: It Could Be a Banner Year for Holiday Spending, Employment

By Bill Fay | December 11, 2012

With the holiday spending season in full swing, market analysts say this could be a banner year for sales, employment and holiday parties. Seasonal hiring is quickly approaching a record…

Auto sales jump in November

Amid Fiscal Uncertainty, U.S. Auto Sales Jump 15 Percent in November

By Bill Fay | December 5, 2012

Despite a devastating hurricane that wiped away much of the Eastern seaboard in October and the constant warnings of an impending fiscal cliff and tax hikes in the coming year,…

Buyers for Hostess brands

Potential Buyers Line Up for Hostess Brands

By Bill Fay | November 30, 2012

Just as Americans were saying their emotional goodbyes to a cultural icon, the Twinkie, Hostess Brands Inc. made an encouraging announcement: More than 100 potential buyers are interested in purchasing…

Buffett promotes new book

Billionaire Warren Buffett Rallies Support for Tax Hikes on the Rich

By Bill Fay | November 28, 2012

The new book about Warren Buffett is called “Tap Dancing To Work,” but what the billionaire investor is saying during promotional appearances this week feels much more like clogging than…

Stock market inches up

Stock Market Creeps Back Up as Investors Eye Black Friday

By Bill Fay | November 20, 2012

After a monumental post-election slide, the Dow Jones industrial average started to creep back up this week. Seizing onto hope that Washington will reach a deal on the so-called “fiscal…