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July 23, 2008

17:07

Reuters - Stocks were little changed on Wednesday after a rally in financial stocks ran out of steam while technology shares pared early gains.


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.


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.


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.


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.
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.


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.


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.

July 22, 2008

23:56
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.
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."


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.


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.


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.


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.
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.
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.

July 21, 2008

18:57
AP - NEW YORK — Give up worldly goods and help save the Earth.
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.
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.
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.
  
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