07
Apr

Today’s Economic Ups and Downs

Posted by Sara M. Varese

A quick summary of economies that are up and those that are down in terms of their financial status.

UP

  • Family Dollar Store: Jumps 33% in the second quarter of 2010 due to more sales and higher profit margins.  During this downturn, people are cutting back on luxury buys and continue to buy basic necessities at discount stores.  The company’s stocks have also risen from $2.35 a share in January to $2.58 during the second quarter.
  • Dollar rises against Yen: Due to Japanese importers bargain hunting these units to settle accounts and increased demand for the dollar with hedge fund players.

DOWN

  • Indian Rupee: The Rupee, Indian currency, goes down as importers buy the dollar instead.
  • European Stocks Fall:  Due to a decline in basic resource producers and the growing deficit problem in Greece.
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