WASHINGTON, April 14 (Xinhua) --
More than half of Americans believe in President Barack Obama's way to handle
economy so far, according to a poll released on Tuesday.
The poll by CNN the Opinion Research Corporation showed
that 58percent of Americans believe the president has "a clear plan for solving
the country's economic problems," while 42 percent said the opposite. Full story
WASHINGTON, April 14 (Xinhua) -- U.S. Federal
Reserve Chairman Ben Bernanke said Tuesday there were some "tentative signs"
indicating that the country's economic recession may be easing.
"Recently we have seen tentative signs that the sharp
decline in economic activity may be slowing," Bernanke said in remarks prepared
for students and faculty at Morehouse College in Atlanta, Georgia. Full story
BEIJING, April 10 (Xinhuanet)-- The U.S. recession will be
over in September, but not the unemployment, which may continue to rise until
the second half of 2010, says a survey released Friday.
The Blue Chip Economic Indicators survey of private
economists predicts a 5 percent and 1.8 percent contraction in U.S. gross
domestic product for the first two quarters of the year respectively. The third
quarter of 2009 brings a more hopeful prediction of 0.4 percent growth. Full story
WASHINGTON, April 13 (Xinhua) -- The ailing financial and retail sectors in the
United States showed tentative signs of strengthening recently, an encouraging
shift for the economy which President Barack Obama said is starting to see
glimmers of hope.
Wells Fargo, one of the country's largest banks, said last
week it expects to earn 3 billion U.S. dollars, or 55 cents per share, for the
quarter ended March 31, nearly doubling the average estimate of 23 cents per
share. Full story