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Business fun facts!
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The world GDP is $48 Trillion (in 2006)
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The US GDP is $13 Trillion (in 2006). The US is the largest economy in the world and contributes over 25% to the world economy.
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Markets expecting interest rates cut.
Markets were higher on the expectation that Feds may cut the interest rates this Tuesday, December 11th. Markets have gone up for the past two weeks on the interest rate cut expectation despite the lingering banking loan problem, bad housing market, credit crisis, and weaker economy. S&P500 gained 25 points, DOW gained 257 points and NASDAQ was up by 51 points for the week ending December 7th, 2007.
Investors are counting on Feds to act on its concern about the growing problems in the housing market and the credit crisis that may threaten the consumer spending this Holiday Season and the economic growth. Investors were also relieved to see the oil prices fall to $88 per barrel despite the news that the Organization of the Petroleum Exporting Countries (OPEC) did not increase its oil production levels on Dec 5th meeting in Abu Dhabi.
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
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Dec 3-7, 2007
Weekly Stock Market
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Bull Market-Stocks up!
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Index
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Change
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Last
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DOW
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Up 257
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13,626
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S&P500
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Up 25
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1,505
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NASDAQ
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Up 51
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2,706
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Foreign Exchange Rate
$1 is equal to
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Currency
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Change
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Last
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Euro (€)
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+0.00
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0.68
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Yen (¥)
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+0.48
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111.58
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Pound (£)
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+0.01
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0.48
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Yuan ( )
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-0.01
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7.39
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Rupee (Rs.)
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+0.09
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39.62
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Canadian (C$)
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+0.01
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1.01
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Your Favorite Stocks
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Company
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Bought one stock in Jan-07
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This week stock is?
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Your gain or loss?
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$34.20
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$32.79
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-$1.41
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods.")
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$49.89
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$54.22
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+$4.33
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$43.87
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$60.16
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+$16.29
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We use multiple information resources, such as, websites, companies, stock exchanges, newspapers, text books, and others.
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