WASHINGTON (AP) — The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy.
And bank lending last year posted the steepest drop since World War II.
The snapshot for October-December 2009 issued Tuesday by the Federal Deposit Insurance Corp. offered [...]
NEW YORK (AP) — Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and likely to stop companies from hiring. The Dow Jones industrials briefly traded below 10,000 for the first time in three months.
A flood of bad news, including rising debt levels in European nations and [...]
The markets are holding to the plus side in early trading on this 1st day of Feb 2010 on news that personal spending was up:
Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.
The Commerce Department said [...]
2oversold has followed the markets both up and down and we continue to find what we believe are value plays in all sectors of the markets. Several of the sectors we blogged about 1 year ago continue to show strength as the markets continue to rise. We continue to believe the overall economy will remain [...]
WASHINGTON (AP) — The Federal Reserve is expected to leave interest rates at a record low this week, aiming to induce consumers and businesses to borrow and spend and bolster the economic recovery.
The big question is whether Chairman Ben Bernanke and his colleagues will give hints about when they will reverse course and start boosting [...]
Black Friday kicks off today and the futures are not indicating a good start to the trading session. How much of this is in anticipation of weak retail sales remains to be seen.
U.S. stock index futures pointed to a sharp drop when Wall Street reopens on Friday for half a session following Thanksgiving, as fears [...]
The DOW was down on Tuesday but manged to close above 10,000 . Today there appears to be some early selling pressure but the bulls have continue to defy any reason to push the markets higher.
Stock futures pointed to a lower opening Wednesday on Wall Street as third-quarter earnings reports once again set the tone [...]
Oct. 3 (Bloomberg) — U.S. job losses unexpectedly accelerated last month and the unemployment rate reached the highest level since 1983, signaling any recovery in consumer spending and economic growth will be slow to develop.
The Labor Department figures prompted President Barack Obama to say he’s working to “explore any and all additional measures” to spur [...]
President Barack Obama’s attempt to tighten the government’s reins on Wall Street is losing momentum as banks gain traction against his proposal for increased consumer protections and key lawmakers question his call for standardized financial products.
That the financial industry could successfully push back against such a plan would have been unthinkable a year ago, when [...]
LONDON (AP) — Gold prices rose above $1,000 per ounce on Tuesday to its highest since March 2008 — suggesting investors are wary of the U.S. dollar’s weakness and expect international interest rates to remain low for some time.
The gold contract for December delivery traded up $6.50, or 0.7 percent, at $1,003.20 per troy ounce [...]