Mark Watson News
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Federal Reserve Chairman Ben S. Bernanke is predicting an election-year economy that’s neither here nor there: growth that disappoints yet keeps the U.S. from slipping back into the recession billionaire Bill Gross has indicated may happen.
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Deeper recessions and more gradual recoveries will be the norm rather than the exception as the U.S. workforce grows at a slower pace, according to economists on the panel that determines when slumps begin and end.
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Sigma Pharmaceuticals Ltd. Chief Financial Officer Mark Smith has resigned. The company named Mark Watson to act in the role until a replacement is named.
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Mark Watson, an attorney, sold shares of Apple Inc. at 2:47 p.m. yesterday as the Dow Jones Industrial Average had its biggest intraday percentage decline since the market crash of October 1987.
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Economists who decide when recessions begin and end in the U.S. are divided over the odds of a renewed downturn, underscoring the challenge faced by Federal Reserve Chairman Ben S. Bernanke as he vows the Fed “will do all that it can” to sustain growth.
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Ex-Securities and Exchange Commission Chairman Arthur Levitt, in an interview today with Bloomberg Television, said it’s unlikely the SEC will ultimately be stripped of its responsibilities.
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This just in: The recession that started in December 2007 ended in June 2009, according to the official arbiter of the U.S. business cycle .
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A pickup in industrial production helped keep the U.S. economy from weakening further in July, according to a Federal Reserve Bank of Chicago gauge today.
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Australia’s S&P/ASX 200 Index advanced 1.7 percent to 4,652.50 at the close of trading in Sydney. New Zealand’s NZX 50 Index gained 1.3 percent to 3,195.80 in Wellington.
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