Forecasted US economic growth for the rest of this year and next was cut again for a third month in a row by a panel of about 50 economists. Thus far, the latest Blue Chip Economic Indicators report released Thursday reflected the weaker outlook for second-half 2010 growth stemmed from lower anticipations for consumer spending, business investment and private construction.

Americans has got an additional opportunity to seek for jobs owing to a new website “mySkills myFuture” launched by the US Department of Labor, the national database of which will be updated daily.  The new site lets users view local job postings, find training and education providers. The site besides offers job descriptions, salary information and common tasks related to a new occupation.

Wednesday in Shanghai, bullion prices slid as modest growth in US consumer confidence and improved home prices eased some worries of another downturn in the US. Spot gold prices eased by 0.3% or $3.19, slipping to $1,245.80 an ounce by 2:56 GMT, easing from a two-month peak of $1,249.90 hit on Tuesday. Precious metal’s prices slid after touching a two-month high on Tuesday as investors continued to worry about the prospects of the global economy and sought refuge in the yellow metal.

As claims billionaire investor Jim Rogers, chairman of Rogers Holdings, US needs to stop printing money and take on austerity measures like the Europeans did to let the economy recover. 

As it became known, Wells Fargo has expanded its ExpressSend remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation. Thus far the company is adding over 4,000 payout locations in Mexico for a total of more than 9,000 locations. These additional outlets have significantly widened Wells Fargo's remittance payout network in Mexico. 

Friday in Shanghai, bullion remained steady as investors waited for a key speech from Federal Reserve chief Ben Bernanke later in the day and expected the US to revise downward its second-quarter economic growth figure. Spot gold added about $1.06 to stand at $1,236 an ounce by 3:35 GMT, as a weekly rise of 0.7 percent carried it towards its fourth straight week of gains. It hit $1,244.00 on Thursday, its highest since June 30.

North Korean move to join Twitter was welcomed by the US government who also called upon the insular nation to let its citizens also see the recently opened account and access the web at all. "We use Twitter to connect, to inform, and to debate. We welcome North Korea to Twitter and the networked world," wrote Philip Crowley, a state department spokesman on his Twitter account.

As Retrevo.com managed to find during one of its latest surveys that was aimed to study where various gadgets end up being used the most, more New Yorkers own iPads than other state. Thus far, Retrevo Gadget Census 2010, unveiled, among other findings, one of the main reasons of such this may possibly be the fact that the iPad is the ultimate subway companion.

Thursday in Singapore, bullion flat on bargain hunting after prices slipped below an ounce but strong stock markets were likely to weigh, and holdings on the ETF fell slightly. Spot gold gained 10 cents to $1,194.70 an ounce by 2:05 GMT after rising to a 2-week high on Wednesday as physical buying, better-than-expected US jobs data and hopes for stronger Chinese demand lifted the metal for its sixth straight daily gain.

eBay is delighted to announce the launch of new program "Bucks" rewards program in the US under the name eBay Bucks.  The new program is free and open to every American eBay user. Consumers thus are enabled to get 2% back on most items purchased through eBay's Marketplace with PayPal.

In a move to boost interest in the security field, the UK's Cyber Security Challenge has announced the launch of computer security exercises.  Three exercises are to take place later this year, covering network defense, Web site vulnerability detection and a forensics challenge. 

Despite US economy is expanding, higher-than-expected number of Americans claimed for unemployment benefits last week. Thus far, Initial jobless claims unexpectedly jumped to 464,000 that appeared to be 37,000 growth in the week ended July 17, according to Labor Department data released in Washington.

Citigroup has lowered its full-year global growth forecasts for 2010 and 2011, releasing its strategy report Thursday. Besides, the bank also cut its outlook for China’s 2010 economic expansion by 1%.

As it became known, Barack Obama has signed Wednesday the biggest US financial-rules overhaul since the Great Depression.  This legislation, that gives regulators tools to avoid the need for future rescues such as the $700 billion Troubled Asset Relief Program, was called by Treasury Department’s assistant secretary, Herbert Allison, as a “major watershed” for the government’s bailout programs.

Sophisticated cell phones that have built-in digital cameras make children more vulnerable to exploitation than ever before, as it was announced by law enforcement authorities.