Today’s Business Roundup

Markets

US stocks finish near session lows a day before Thanksgiving. The Dow is down -235.26 points. The S&P and Nasdaq also finished in the red as the debt crises in Europe and the US linger. Traders fear a possible global recession because of the shaky financial troubles here and abroad. The markets and banks will be closed for Thanksgiving but will reopen on Friday.

Biggest Travel Day Of The Year

Today is simply the busiest travel day of the year and airlines are not profiting as much as people think. Not only are jet fuel costs growing but airlines have to brace for the unwanted costs for delays because of bad weather all over the US.

Super Committee Failure Spillover

Congress is just weeks away from voting on expiring payroll tax breaks and extending unemployment benefits. President Obama told an audience at a New Hampshire high school on Tuesday that their taxes would go up an average of $1,000 to $1,500 unless the payroll tax cuts are extended and expanded as part of his jobs bill.

About Jay Goodman Tamboli

View all posts by Jay Goodman Tamboli

No comments yet.

Leave a Reply

Friday, March 27

● Arnie’s Army moves to Florida

● Label rule makes generic drug makers squirm

● Student loan collection should copy IRS tactic

● Rating state laws for charter schools

● CDC rolls out new anti-smoking campaign

● Taking aim against predatory lenders

Senate Republicans Claim Saudi Arabia Has Lost Faith In U.S.

Adel Al-Jubeir, the Saudi Ambassador to the United States, denied the Senators claims, saying that the Saudi government is “working very closely with the U.S., consulting very closely with the U.S.

Obama Boosts Consumer Protection Bureau, Goes After Payday Loan Lenders

The new rules will require payday lenders to ensure consumers can afford to repay the loans in a timely fashion, keeping consumer from “getting stuck into cycles of debt.”

Building Explodes, Collapses In NYC’s East Village

Photo credit: Scott Westerfeld

According to reports, witnesses said an explosion was heard prior to the building being engulfed in flames, with the New York Fire Department declaring the situation a level seven-alarm fire.

Coalition Airstrikes Begin In Tikrit… Conditionally

That is, the coalition will not strike unless Iranian-backed militias leave the premises.

Japan Prime Minister Abe To Address Congress In April

Prime Minister Abe will become the first Japanese leader to address a joint meeting of the United States Congress.