Breaking news from around the web, and commentary on current financial news affects us daily. On any given day there are political, financial, economic, and Company news events that affects our lives, and more importantly, our pocketbooks. Take a look around and see how you are being affected today.
Week in Review: Investors cautious as earnings season gets under way
For the week ended July 10, 2009
New unemployment filings drop
Mortgage rates down; refinancing applications up
Alcoa kicks off second-quarter earnings season
Mixed results for retailers in June
G-8 summit addresses wide range of global issues
IMF says global recession will end in 2010
Chile’s central bank may lower rate
Investors began the week with a largely negative view of equity markets [...]
Week in Review: U.S. stocks fall after posting best quarter in decade
For the week ended July 2, 2009
Job losses mount
Manufacturing shrinks at slower pace
Housing market shows signs of recovery
Stock mutual funds mark largest quarterly gain in decade
ECB keeps rates on hold
Moody’s cuts Ireland’s debt rating
China’s manufacturing picks up, while Japan’s Tankan disappoints
U.S. stocks dropped in light trading this week after a worse-than-expected employment report deepened concerns [...]
The Case For Cheap Oil
The U. S. Geological Service issued a report in April (‘08) that only scientists and oil men knew was coming, but man was it big. It was a revised report ( hadn’t been updated since ‘95) on how much oil was in this area of the western 2/3 of North Dakota ; western South [...]
Week in Review: Stocks flat as investors conclude economy on slow road to recovery
For the week ended June 12, 2009
U.S. consumer confidence increased in May for fourth month
U.S. trade deficit widens
Household wealth drops
BlackRock becomes world’s largest money manager
Fiat buys Chrysler
Airlines cut jobs
Brazil and Russia move to diversify reserves
S&P cuts Ireland’s debt rating
Stocks were flat on the week despite the Standard & Poor’s 500 Stock Index’s advance to a [...]
Michael Moore Might Just Have a Point Here
Received this email this morning from Michael Moore, yes, that Michael Moore.
I must say that I for one am not upset about the bankruptcy of GM, perhaps for the workers, but not for the business model, not by a longshot. I copied the email below for you to take a look and decide for yourself.
I [...]
Week in Review: Stocks stagnant as investors look for convincing signs of global economic recovery
For the week ended May 29, 2009
Consumer confidence makes biggest one-month jump in six years
U.S. home sales up; prices down
Initial jobless claims fall from prior week
Time Warner set to break away from AOL
South Africa struck by first recession since 1992
Japan’s economy shrinks on declining exports, retail sales
Investors expressed cautious optimism as leading market indicators were [...]
China and the $USD – The Perfect Storm
China is buying US Treasuries like there is no tomorrow. This is good you think? Maybe not. The problem is that they have too many of them to stop buying.
The US is issuing Treasuries at an ever increasing rate to finance their multi – trillion dollar debt, and if they stop buying, and the Chinese [...]
