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Business Finance News
July 23, 200817:07
Reuters - Stocks were little changed on Wednesday after a rally in financial stocks ran out of steam while technology shares pared early gains. Source: Yahoo! US Economy News
Categories: Business Finance News, Personal Finance News
17:07
AP - Oil prices headed back lower Wednesday, failing to sustain a brief push into positive territory, after the government reported gasoline supplies rose far more than expected. Source: Yahoo! US Economy News
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15:44
Reuters - The U.S. stock market would fare better in the first year after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research groups polled by Reuters. Source: Yahoo! US Economy News
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14:29
AP - Treasury Secretary Henry Paulson said Wednesday that agreement on a sweeping housing rescue bill will send a strong message to investors around the world and will be key to helping the nation turn the corner on the housing crisis. Source: Yahoo! US Economy News
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13:16
The Motley Fool - Banks are closing, and unemployment's up. We have record foreclosures and sky-high gas prices. Everywhere we turn, there's gloom and doom -- on the newspapers, the nightly news, radio âEuro¦ every media outlet is full of these stories.
Source: Yahoo! US Economy News
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10:04
AFP - Factories in the 15 nations sharing the euro saw demand pull back more sharply than expected in May, official EU data showed on Wednesday. Source: Yahoo! US Economy News
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00:34
AP - Rising prices at the gas pump appear to be having at least one positive effect: Traffic deaths around the country are plummeting, just as they did during the Arab oil embargo three decades ago. Source: Yahoo! US Economy News
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00:18
Reuters - The U.S. Congress is discussing a
second economic stimulus bill that could include nearly $15
billion in infrastructure spending, a senior member of the
House of Representatives told Reuters on Tuesday.
Source: Yahoo! US Economy News
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July 22, 200823:56
Reuters - The trouble that began last summer
in the financial markets raised the likelihood of a U.S.
recession, but for America's middle class, the downturn has
been under way for many years, experts plan to tell a
congressional panel on Wednesday.
Source: Yahoo! US Economy News
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21:11
AP - Treasury Secretary Henry Paulson spent another day stumping for the U.S. banking system, declaring Tuesday that his top priority was ensuring "stability and confidence in our markets and financial institutions." Source: Yahoo! US Economy News
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17:20
AFP - The dollar moved higher against the euro Tuesday on comments from a Federal Reserve official signalling a possible rise in US interest rates and fresh support for the US financial system from the Treasury chief. Source: Yahoo! US Economy News
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17:04
Reuters - Young adults are being hit harder by rising U.S. energy and food costs and a weakening economy than older Americans because they are just entering the workforce and are strapped with credit card debt, a report released on Tuesday said. Source: Yahoo! US Economy News
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15:40
Reuters - Record gasoline prices are fueling a boom in sales of fuel-efficient scooters across the United States, as commuters ditch their gas-guzzlers and don helmets and goggles to beat high prices at the pump. Source: Yahoo! US Economy News
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15:06
Reuters - Treasury Secretary Henry Paulson said
on Tuesday shoring up housing finance giants Fannie Mae and
Freddie Mac was crucial to ending the slide in housing prices
and easing the strains in financial markets.
Source: Yahoo! US Economy News
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15:00
Reuters - The financial market impact of
Federal Reserve Chairman Ben Bernanke's remarks has soared
since the start of 2007 as he telegraphed crucial shifts in
monetary policy, a report on Tuesday showed.
Source: Yahoo! US Economy News
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14:14
Reuters - Monetary policy is in a
tight spot as policy-makers need to look at the economy going
forward while making sure that inflationary expectations stay
in check, Philadelphia Federal Reserve President Charles
Plosser said on Tuesday.
Source: Yahoo! US Economy News
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July 21, 200818:57
AP - NEW YORK Give up worldly goods and help save the Earth.
Source: Yahoo! US Economy News
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17:53
AP - Factories laying off workers, stocks tumbling and shoppers ditching their credit cards forced the economy to contract in June, a trend likely to continue in the second half of 2008, a private business group said Monday.
Source: Yahoo! US Economy News
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16:32
Reuters - Senior Goldman Sachs Group Inc
investment banker Kendrick Wilson will take a leave of absence
to advise U.S. Treasury Secretary Henry Paulson on the nation's
banking crisis, people familiar with the matter said on Monday.
Source: Yahoo! US Economy News
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14:42
Reuters - The U.S. economy may have avoided a
recession but will grow below trend for some time as firms face
higher prices for a range of goods that will cut into profits,
according to a panel of economists surveyed.
Source: Yahoo! US Economy News
Categories: Business Finance News, Personal Finance News
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