US Fed cuts interest rate

29 Oct

Posted by igor in Business, Current Affairs, Newswire, technology (Central bank, Consumer Confidence Index, Dow Jones Industrial Average, Economics, Federal Reserve, Federal Reserve System, United States, US Federal Reserve)

The US Federal Reserve bank has cut its interest for the second time this month, bringing it down another 0.5% to it’s lowest level seen since June 2004, 1%. This has been done in order to spur economic activity among largely stagnant consumers. The rate is used for a number of key measures, including what [...]

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Crude oil price down by a huge margin

28 Oct

Posted by igor in Current Affairs, Newswire (Dow Jones Industrial Average, OPEC, Petroleum, Price, Price of petroleum, Stocks and Bonds, United States, United States Economy)

The past few weeks have seen the crude oil price drop from a peak of just over $140 a barrel to the current price of just over $60 a barrel. This has happened as global stock prices have also been dropping drastically, with the DOW below the 8700 level today. Hopefully with will bring some [...]