Microsoft raises specter of doubt on tech recovery
SAN FRANCISCO (Reuters) – The tech sector’s road to recovery just got a lot bumpier.
Microsoft Corp’s billion-dollar-plus revenue shortfall in its fiscal fourth-quarter abruptly dampened hopes that demand for PCs was on the mend and sent a spate of tech stocks tumbling after-hours on Thursday.
While Wall Street has rallied on better-than-expected quarterly results from chipmakers [...]
Existing home sales show signs of recovery
WASHINGTON (AP) — The U.S. housing market is finally on the mend after its most far-reaching collapse in 70 years. That could help rebuild consumer confidence and revive the economy.
For the first time in five years, sales of previously occupied homes rose for the third consecutive month in June, while foreclosure sales and the glut [...]
East Asian Economies May Have ‘V-Shaped’ Recovery, ADB Says
July 23 (Bloomberg) — East Asia’s rebound from the global economic crisis may be “V-shaped” and central bankers must retain expansionary monetary policies even as risks to the recovery dissipate, the Asian Development Bank said.
The economies including China, South Korea and Indonesia will probably grow faster than the 3 percent estimated in March, before accelerating [...]
Not jobless, they’re ‘funemployed’
When the recession hit, Gaelan Love’s future changed—maybe, he says, for the better. The recent McGill University graduate had always planned to work at a bank when he completed his major in geography and minor in economics, but thanks to the recession, he’s come to the realization that it’s just not going to happen, at [...]