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Stocks Down As Investors Take Profits After Jobs Report

Posted On March 06, 2015

(New York, NY) -- Stocks hit new record highs this week, but they're ending in the red. The Dow Jones Industrial Average, Nasdaq and S&P 500 were all down more than one percent Friday. A new jobs report found better than expected job creation and a lower unemployment rate, and that's making investors think the…

Obama Touts Economic Gains

Posted On March 06, 2015

(Columbia, SC) -- President Obama is touting economic gains. Speaking at Benedict College in South Carolina, Obama cheered the latest monthly job gains.   The economy added 295-thousand jobs last month and the national jobless rate ticked down to five-point-five percent. That's down from five-point-seven percent in January but the President said it's "still too…

Treasury Secy Asks Congress To Raise Debt Ceiling

Posted On March 06, 2015

(Washington, DC) -- Treasury Secretary Jack Lew is asking Congress to raise the federal debt ceiling again. The nation's roughly 18-trillion dollar debt limit is expected to be hit by the middle of this month. In a letter to congressional leaders, Lew warned that Treasury may have to start taking extraordinary measures to continue financing…

Apple To Join Dow Industrials, Replacing AT&T

Posted On March 06, 2015

(New York, NY) -- Apple is joining the Dow Jones Industrial Average. The tech giant, America's largest company by market value, will replace AT&T in the index on March 18th. Apple is worth about 736 billion dollars, compared to AT&T's 176 billion dollar valuation. The iPhone and iPad maker has been notably absent from the…

Nation’s Unemployment Rate Falls To 5.5%

Posted On March 06, 2015

(Washington, DC) -- The monthly jobs report from the Labor Department is beating analysts' expectations. A total of 295-thousand new jobs were added in February, far more than the 235-thousand that had been predicted. With that, the nation's unemployment rate fell to five-point-five percent.