Today’s Business Roundup


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

UN Advocates 75% Tobacco Tax

Credit: WHO

Without serious anti-tobacco measures, the World Health Organization says up to a billion lives could be lost to smoking in the 21st Century.

Poll: Confidence in U.S Economy Falls

Over the past six months, 42 percent of Americans say the economy is getting better with 53 percent say it is getting worse.

Greece Offers No Bailout Plan At Summit

The eurozone’s finance ministers had expected to receive a bailout proposal from the Greek finance minister, but received no concrete plan from Greece.

Charleston Shooter Indicted On Murder Charges

Mourners comfort each other following the massacre late Wednesday night in Charleston, SC. (Photo courtesy of the King Center)

The suspect is charged with killing 9 people and the attempted murder of 3 others in a shooting rampage at a black South Carolina church last month.

Fidel Castro: Greece Financial Crisis Vote ‘Brilliant Political Victory’

Former Cuban president, Fidel Castro

In the letter, the former Cuban president congratulated Greek Prime Minister Alexis Tsipras over Sunday’s referendum vote when 61 percent of Greek citizens said no to a proposed European bailout.

SC Senate Votes To Remove Confederate Flag, Bill Moves To House

“I applaud the Senate’s decisive action … and ask that the House act swiftly and follow the Senate’s lead”, Gov. Nikki Haley said.