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

You must be logged in to post a comment.

CDC: Exercise Breaks For Kids Lowers Risk Of Cancer, Diabetes, Heart Disease

Get up!

CDC: “Frequent… Often Sizable” Vaccine Disparity Between Poor & Rich Kids

And the largest measles outbreak of the year was at a Disney theme park in California – transmitted to unvaccinated people.

Saudi King To Visit White House Before Iran Vote

Obama is working to calm concerns among Gulf allies about the Iran nuclear deal.

Astronaut To Control Rover On Earth… From Space

It’s all about doing the same thing in deep space…

Awesomesauce: Oxford English Dictionary Adds New Words

Words include “redditor”, “manic pixie dream girl” and “butthurt”.

Iran Built New Building at Military Site Since May: IAEA

The IAEA worries that new construction could obscure evidence of past efforts by Iran to build a nuclear weapon.