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Half Empty or Half Full?

published less than 1 hour ago
Half Empty or Half Full?
Very strong earnings pushed many stocks higher again, Wednesday, though it was clearly a mixed performance as the Nasdaq 100 was up 0.62% while the NYSE Composite gained just 0.02%. The Dow Industrials closed lower while the S&P 500 was able to close above the July 3rd highs. The earnings for the 2nd quarter have exceeded expectations as Factset reported that the S&P 500 companies could increase their earnings by 5.6% this quarter, up from the pre-earnings estimate of 4.9%. ... more

IMF warns sanctions against Russia risk 'impact' on region

published less than 1 hour ago
IMF warns sanctions against Russia risk 'impact' on region
The International Monetary Fund warned Thursday that recent economic sanctions imposed against Russia could have a severe impact that would ripple through the region. "On a regional level, there's bound to be some impact," especially through trade channels, IMF spokesman William Murray said at a news conference. Murray said the impact was expected to be felt in economies "that have very active and direct trade links with Russia, particularly in eastern and central Europe and central Asia." The IMF spokesman ... more

IMF lowers 2014 global growth forecast

published about 1 hour ago
IMF lowers 2014 global growth forecast
The International Monetary Fund lowered its 2014 global economic growth forecast Thursday, warning of "negative surprises" from the United States and China and geopolitical risks in Ukraine and the Middle East. In the eurozone, still struggling to recover from recession, the growth estimate was unchanged at 1.1 percent, and the IMF reiterated concern about weak inflation in the 18-nation European bloc.

IMF says Israel-Gaza conflict already having economic costs

published about 1 hour ago
Israel and Gaza are already facing economic costs from the fighting between them that has raged for the past two weeks, a spokesman from the International Monetary Fund said on Thursday. The fiscal cost to Israel is estimated at 0.2 percent of its gross domestic product, though that number could increase if the fighting continues for long, IMF deputy spokesman William Murray said, citing figures from "various sources." He said the Israeli economy, especially the tourism industry and small and ... more

IMF cuts global growth outlook, warns of stagnation risk in rich nations

published about 2 hours ago
IMF cuts global growth outlook, warns of stagnation risk in rich nations
The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies. The IMF warned that only some of the factors leading to the reduction were temporary, and said richer nations in particular faced the risk of economic stagnation unless they do more to boost growth through deeper reforms, such as investing in infrastructure or changing tax laws. ... more