Google is already the world’s number one internet search provider, but that does not stop the massive company from wanting to grow even larger. Google, which posted higher-than-expected third-quarter profit, has stated that it may be on track to make a major acquisition every year from here on out.
According to Google executives, Google benefited from the fact that advertisers were more willing to spend on search engine ads during the third quarter and that more consumers shopped online, driving up advertising revenue for the company. Its revenue growth from last quarter to this quarter marks its strongest quarter-to-quarter revenue growth …read more

On Friday, the Labor Department will release its jobs report. While many economists view the possibility as unlikely, there’s a chance that the unemployment rate could top 10%.
Last month, the unemployment rate was 9.7%. Most experts believe that this month’s percentage will be about 9.8%. However, some experts believe this is the month that unemployment reaches double figures.
Even if this isn’t the month the jobless rate hits 10%, experts agree that it is only a matter of time. In fact, the peak of unemployment isn’t expected for another six months to a year.
While the recession has technically ended, the unemployed …read more

Although the recession is supposedly a thing of the past and many analysts proclaiming that the United States economy is on the road to recovery, consumers apparently aren’t fully buying it. In fact, consumer confidence fell in September compared to the numbers in August, according to a consumer confidence survey.
The consumer confidence survey, which was conducted by private research group The Conference Board, should consumer confidence for September was 53.1. Following the August numbers coming in at 54.5, most experts believed that consumer confidence was to rise more than 2.5 points in September. That obviously didn’t happen.
The biggest culprit is …read more

The latest report by the Labor Department indicates that the United States unemployment rate in August rose to 9.7%. That is the highest the unemployment rate has been since 1983 when it was higher than 10%. While the percentage increase appears negative on paper, there were some positive signs in the Labor Department report.
Experts estimated that 225,000 jobs would be lost in August. As it turns out, there were only 216,000 job losses. The slowing down of the job losses is a positive sign in terms of the economy stabilizing in the U.S. In fact, this quarter is expected to …read more

Warren Buffet, the United States billionaire, remains optimistic in the future of the country. In his annual letter to shareholders of his Berkshire Hathaway, Buffet said that the best years of the U.S. lie ahead.
However, Buffet also warned in the same letter that the economy in 2009 will remain in “shambles” and said it could remain that way for “well beyond”.
Buffet has been chairman and CEO of Berkshire Hathaway for nearly 45 years and his company has just seen the most difficult year in its history. In 2008, the book value of Berkshire Hathaway dropped approximately 9.5%. The only other …read more