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  • Tax Cut Extensions Raise Hopes for Bullish Future - 20 December 2010
  • Weeks of speculation as to whether the possibility of extended tax cuts would become a reality were brought to a close on Friday with the signing by President Barack Obama of a tax law to the tune of $858 billion, shifting the focus to deciphering what exactly this means for US tax payers, masses of unemployed US citizens, and the path to economic recovery, among other issues. In a public show of solidarity for the welfare of the American people, the President was joined by both Republicans and Democrats at the signing, where he reportedly commented: "We are here with good news for the American people this holiday season. By a wide margin, both houses of Congress passed a package of tax relief that will protect the middle class, that will grow our economy and will create jobs for the American people."

  • Job Creation & Investment Hot Topics at CEO Summit - 16 December 2010
  • In an effort to help the United States to 'climb out of recession', President Barack Obama held a 'CEO Summit' on Wednesday. The meeting, which lasted a number of hours, was attended by the CEOs of twenty companies with significant clout which are reportedly holding cash reserves adding up to around $1 trillion. Topics on the agenda included issues such as education, trade and regulation, with the main focus on getting said cash reserves flowing into the economy primarily through job creation and investment.

  • Markets Respond to Tax Concessions, Job Creation Proposals - 9 September 2010
  • Many consider the $350 billion job creation/recovery proposal offered by President Barack Obama as being 'too little, too late', nonetheless stocks were boosted by his speech outlining the plan as investors grabbed onto some hope for an increase in the pace of economic recovery - despite the Federal Reserve's observation that the economy is once again slowing down. The Dow Jones Industrial Average rose to 10,387 (46 points/.045 percent), with the Standard & Poor's 500 closing at 1,099 (7 points/0.6 percent) and the Nasdaq Composite ending Wednesday at 2,229 (20 points/0.9 percent).

  • U.S. Markets Respond Positively to Proposed Infrastructure Projects - 9 December 2008
  • With a second straight day of significant gains on U.S. stock markets, growing numbers of investors are becoming more confident that the worst is past for stocks. News of President-elect Barack Obama’s proposed program for rebuilding the economy gave stock market players and the nation in general a reason to be optimistic that the current economic crisis can be overcome. On Monday the Dow Jones Industrial Average rose 3.46 percent, the Standard & Poor’s 500 index climbed 3.84 percent and the Nasdaq Composite Index increased 4.14 percent.

  • Investors Hope for Continued U.S. Market Rally; British Government Takes Majority Stake in RBS - 1 December 2008
  • With Black Friday shopping turning out more lucrative than the majority of analysts, investors and retailers had anticipated in the current economic downturn, Wall Street players are facing the new trading week with hope that last week’s rally on U.S. stock markets will continue. The success of Black Friday is largely spurred on by the big discounts and special prices offered by retailers to start off the shopping season, and the better than expected turnout of customers has been a source of encouragement to retailers and investors alike.

  • Investors View Market Rally with Cautious Optimism - 27 November 2008
  • While months of market volatility have taken a toll on stock market players, there is an air of cautious optimism that the market rally being experienced at present will continue, at least in the short term. Following President-elect Barack Obama’s pledge that on his first day in office he would have a plan to deal with the U.S. economic crisis, early session losses on Thursday were reversed. While gathering his economic team, which has met with approval from many quarters, Obama reassured the nation that “help is on the way”.

  • Monday’s Stock Market Rally Seen as Endorsement of Obama’s Economic Team - 25 November 2008
  • Markets in the United States and around the world rallied on Monday, which many see as an endorsement of Barack Obama’s choice for his administration’s economic team. The additional government bailout package for banking giant Citibank also contributed to the spirit of optimism reflected in Monday’s stock market activity. The Dow Jones industrial average rose 4.9 percent, the Standard & Poor’s 500 gained 6.4 percent and the Nasdaq composite index rose by more than 6 percent. For the Dow and S&P 500, the two-day percentage gain was the biggest experienced since October 1987, while the point gain over the two trading days was the biggest ever.


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