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4/20/2009

Obama Administration Ready To Focus On Credit Cards

The Obama Administration is ready to take action against credit card companies which may have been deceiving their customers. Obama has long promised to do something about potentially deceptive practices used by credit card companies to attract
new customers, now the time may have come.

Economic adviser Lawrence Summers is quoted as saying the president is "very focused in the very near term on a whole set of issues having to do with credit card abuses."

Obama would most likely tackle the issue by modifying or adding to new rules placed on credit card companies in December 2008.

Citigroup Posts Smallest Loss Since December 2007

Citigroup posted their smallest quarterly loss Friday since 2007, a positive sign for the struggling bank and the economy in general.

The report after other major banks, including J.P. Morgan & Chase, posted positive results.

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4/22/2009

Stocks Gain Tuesday, Economy Shows Small Signs Of Improvement

Stocks gained on Tuesday amid ideas that the financial marketers are becoming more stable. After a loss on Monday, the Nasdaq gained 36 points, the Dow 127 points and the S&P 18 points, all signs that investor confidence is on the rise.

As Wednesday's session opens, we'll have to see if the stocks continue their gains and further their 6 week advance.

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Forex Trading Signals - 3 Tips To Finding The Most Accurate Signals

Since the Forex market has become one of the most popular ways to make money and invest online a few years ago, many new strategies have been developed to help people just like you take advantage of this very lucrative yet complicated idea, trading currencies.

Consistently, Forex trading signals have been one of the most widely used and most effective ways to succeed in Forex regardless of experience. After all, following a signal is quiet simple, all you have to do is buy or sell a certain currency pair once the indicator says to do so and close the trade once the indicator to do so is given.

Sounds extremely simple right? Well it should be, but it's only simple if they are accurate, because if they're not you could be missing out on huge potential profits or even lose your initial deposit. To help you find the most effective and most accurate trading signals, we've developed a quick 3 step process that anyone can implement.

1.) Identify Your Strategy

The first thing you're going to want to do is identify your specific strategy. You can do this by asking yourself a few questions like which currency pair do you want to trade? Are you looking for a more risky or conservative strategy? Will you be trading on a micro or mini account? Are you going to be trading intradaily, daily or weekly?

2.) Check Independent Reviews

Independent reviews can be one of the best sources of information regarding Forex trading signals or any other type of strategy. Those writing the reviews are generally expert traders who have used the software for a long period of time and know the ins and outs of trading in the market. We will be giving an independent review of a Forex signal service under these tips so you can get started trading the right way!

3.) Try A Demo Account

The most important thing you can do when looking for accurate signals is to try them in real time on a demo account. By signing up for a free practice account with a trusted Forex broker you can determine if the software you're planning to trade real money with is accurate. Identifying accuracy and profitability in real market conditions is by far the most useful way to try any trading system....more info

ForexNewsMarket.com - 24/5 Forex News & Trading Signals

5/11/2009

Job Losses Hit Six Month Low

Job losses have fallen to the lowest level in six months despite a rise in the unemployment rate.  539,000 jobs were cut in the month of April, a significant improvement from the number in March.

The improving economy and fall in number of job cuts seem to indicate that the worst of the recession could be over.

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7/7/2009

Federal Minimum Wage Raise Coming Soon

As the job market shows signs of more problems, the federal minimum wage rate is set to rise later this month.

On July 24, 2009, the minimum wage will rise to $7.25 from $6.55, affecting more than 29 states in the U.S.

Around this time last year the federal minimum wage was raised to $5.85 per hour on a bill mandated by Congress in 2007.

14 states already have minimum wage rates higher than the coming federal rate.

Stocks Fall Tuesday

Stocks fell Tuesday as investors pulled back, especially in the oil & commodities section. As investors seem to be realizing that a future economic comeback may not be as strong as anticipated, it seems their confidence has fallen a bit.

The Dow Jones lost 73 points, the S&P 500 lost 7 points & the Nasdaq lost 19 points.

Oil prices also fell showing decreased international demand, a trend that been consistent over the past few weeks.