The last time the dollar dropped below the levels it reached Wednesday against the yen, the Bank of Japan and the Federal Reserve jointly intervened to push it higher. That was in July 1995.
No wonder currency traders got a bit nervous Thursday when Japanese officials complained about the strength of their currency amid the latest [...]
Posts Tagged ‘us consumers’
Japan Is Alone Over Yen
August 13th, 2010 by Financial Writer
Tags: bank of china, bank of japan, economic crisis, economy, Federal Reserve, financial markets, financial system, us consumers, us economic
more...Wall Street is driving up oil prices
March 31st, 2010 by Financial Writer
Oil prices have steadily rose over the last year, and experts are worrying further increases could snuff out an already-fragile global economic recovery.
President Barack Obama is expected to announce Wednesday his plan to open oil and natural gas drilling off the Atlantic Coast and Gulf of Mexico. The proposal aims to reduce the nation’s reliance [...]
Tags: economic recovery, investors, oil prices, us consumers, wall street
Visa 1Q profit rises 33 percent, beats estimates
February 4th, 2010 by Financial Writer
Visa Inc. on Wednesday said its profit rose 33 percent in the fiscal first-quarter on increased revenue, even as consumers pull back sharply on spending amid the recession.
The payment processing giant reported net income of $763 million, or $1.02 per share, compared with $574 million, or 74 cents per share a year ago.
Revenue growth was [...]
Tags: consumers, payments network, recession, us consumers, us economy, us payment, visa