Firms' raised estimates for profits send optimism up

Article Abstract:

The robust United States corporate financial statements have made the firms optimistic about sales and earnings and have shown a positive trend with regards to the stocks and the economy. The earnings growth expectations increased by more than 7.5 percent for the second quarter and 8.5 percent for the full year 2004, which could be attributed to the comments and forecasts from the companies across the board.

Corporate Profits, Profit, Profits, Stock markets, Stock market

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Big drop in exports widens trade gap

Article Abstract:

A big drop in exports and record imports in June 2004 resulted in widening of the US trade deficit to a record $55.8 billion. Analysts felt that the unexpectedly large trade gap would lead the government to lower its reading of second quarter economic growth.

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U.S. trade gap hits record high of $43.1 billion

Article Abstract:

The US. trade imbalance rose to $43.1 billion in January 2004 as reported by the Commerce Department. The best way to handle the trade deficits is to get the other countries to open their market to US. businesses and remove the trade barriers.

Balance of trade

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