G20 Fallout Sharply Tests Global Trade Unity
Washington reports no durable agreements at the Seoul G20 summit as major economies drift toward self interest. U.S. effort to press China on yuan manipulation faltered amid currency market accusations against the Fed. Analysts warn higher trade frictions could slow global recovery and blunt job gains.
MENTIONED IN THIS ARTICLE
Seoul
Eswar Prasad
Cornell University
United States
China
U.S
Beijing
Doctors brace for possible big Medicare pay cuts
Associated Press writes that doctors fear large Medicare payment cuts if Congress does not act by December 1. A 23 percent initial cut could force many surgeons to stop accepting new Medicare patients, jeopardizing care for 46 million seniors and disabled, with broader effects on Tricare and military families.
MENTIONED IN THIS ARTICLE
Washington
Kathryn Wagner
Congress
Wagner
San Antonio
Barack Obama
Notable weekly stock drop and G-20 malaise linger
The stock market posted its largest weekly decline in three months as global growth plans stalled after the U S failed to rally world leaders. Kim Caughey Forrest of Fort Pitt Capital said the G-20 did not deliver strong ideas for a recovery. Starbucks intends to more than double its store openings to over one per day in the next year as the global economy recovers, with Howard Schultz citing renewed growth prospects after the crisis.
MENTIONED IN THIS ARTICLE
U.S
Kim Caughey Forrest
Equity
Fort Pitt Capital Group
Starbucks Corp
Howard Schultz
China
Yunnan
Markets end lower with Dow and Nasdaq slide
Friday's trading saw the Dow drop 90.52 to 11,192.58 while Nasdaq fell 3731.00 to 2,518.21 and the S&P 500 rose 14.33 to 1,199.21 Oil fell 2.93 to 84.88 a barrel as corn, soybeans and wheat moved small amounts in Chicago and Kansas City futures.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
New York
Black Friday goes longer as retailers roll deals early
San Jose shoppers join a monthlong Black Friday push amid a softer economy. Retailers leak ads via sites and apps as Target offers a 46 inch LCD TV at 449 dollars and Kohl’s sells a 12.99 El Paso Quesadilla maker. Denise Alvord and her son Gunnar await Westgate Mall opening while American Express finds shoppers, especially women, planning heavy holiday spending.
MENTIONED IN THIS ARTICLE
San Jose
Calif
Brad Wilson
Target
J.C. Penney
Sears
Wilson
Kohl’s
Denise Alvord
Gunnar
Barnes & Noble
Westgate
American Express
Also Mentioned on This Page
South Korea
America
Federal Reserve
Fed
Treasury
William Cline
Peterson Institute For International Economics
Brazil
Germany
Ricardo Alonso-Zaldivar
Associated Press
Dow Industrials
Nasdaa
S&p
Dad
Tao
Hes Mae
Delaware St
Bluecollarpress
Cen
Ter
Black Hills Energy
Uard.com
Tion
Richmond
Amis
Frontierfurniturelle.com
Lawrenceautodrag.com
Lawrence Automotive Diagnostics Inc
Lawrence Marketplace
Lawrence
Kansas
Anderson
Anderson Rentals
West 6Th Street
Andersonrentals.com
Pearson Collision Repair
Connecticut
Brighton
Massachusetts
Theetcshop
Sunflower
the Castle Tea Room
Liz Kundin
Iowa Street
Suite A
Liz.kundin
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