To the relief of dollar bulls, US corporations cut only 20k jobs in the month of April compared to the market’s -75k expectations. The unemployment rate also dropped from 5.1 to 5.0 percent, triggering a widespread dollar rally. The better than expected NFP number will help to confirm the near term bottom in the US […]

Posted in non-farm payrolls, Layoffs, US Dollar No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 6:49 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bank of America Reports 77% Profit Loss and Sells Part of Stake in Chinese Bank
Smaller Banks Begin to Pay Price for Boomtime Expansion
National City Gets […]

Posted in Home Sales, US Economy, Layoffs, Bank of England, Wall Street Journal, Trichet, Euro Intervention, dollar record low, Forex Podcast, Bernanke, FX Radio, British Pound, US Dollar, Japanese Yen, Crude Oil Prices, Forex News, Bloomberg, china, Australian Dollar, Carry Trades No Comments »

The markets love the Google numbers today and stocks are up strongly. But lets not forget that the layoff tally has been building on a near daily basis. These are only a few of the big layoff announcements this past month. JPMorgan has yet to announce layoffs at Bear Stearns (which currently […]

Posted in non-farm payrolls, Layoffs 1 Comment »

Here is the “In the Financial Papers Radio Broadcast” (Length: 05:14 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
Bernanke Vindicated as Fed Lending Spurs Commodities Drop, Rally in Stocks
Goldman to Cut Up to 15% of Staff in Capital Markets Unit, N.Y. Post Says
French […]

Posted in Goldman Sachs, Forex Podcast, Wall Street Journal, Layoffs, Bernanke, FX Radio No Comments »

Having a tough time finding a job? I don’t blame you. Even though companies are saying that their level of layoffs are in line with normal attrition, recruiters and job hunters believe otherwise. According to a Wall Street Recruiting Company, on average 100 resumes are arriving each day and only 3 of […]

Posted in jobs, US Economy, Layoffs, US Dollar No Comments »

The Dow is down 200 points today, and close to 500 points for the week. The latest round of weakness has been driven by the following:
1) Major Write-offs from Banks this week
2) HSBC Holdings PLC Downgraded to Neutral from Buy by UBS
3) Wachovia Profits Drop 10 Percent
4) Oil Prices Hit $90 a Barrel for the […]

Posted in G7 meeting, 1987 Stock Market Crash, Black Monday, Layoffs, Dow, Oil, Forex News, Stock Market No Comments »