Companies Still Stockpiling Cash As Business Investment Lag
Instead of helping to grow the economy- investing capital in plants and equipment and hiring workers--companies have been stockpiling large amounts of cash.
Jobless Claims Report Better Than Forecasted
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The Labor Department initial claims measurement fell more than expected for the week ending Feb. 23. Americans filed 22,000 less applications for benefits.
Consumer Confidence Rose Higher than Expected in February
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The Conference Board reports that the Consumer Confidence Index rose more than predicted, after declining in January.
Jobless Claims Drop to 5-Year Low
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The Labor Department reports that jobless claims for the week ending on January 12 fell to its lowest level in five years.
Home Prices Increase for Fifth Consecutive Month
The Standard & Poor’s Case Shiller Housing Index released on Tuesday, October 30, 2012 showed a fifth month of improvement in the home prices.
Jobless Claims Higher Than Forecast; Unemployment Stuck at 8.3 Percent
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According to the United States Department of Labor, jobless claims were 374,000 for the week ending July 25.
US Economy Growth Rate Slows in the 2nd Quarter
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The Commerce Department reports that gross domestic product (GDP) grew at a 1.7 percent for the US economy for the second quarter of 2012.
Big Box Retailers Move to Your Digital Wallet
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With the increasing popularity of smartphones, it’s no surprise that many big box retailers are joining up to offer new payment methods.
New SEC Rules Make Money Market Funds Safer
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Chairman of the SEC, Mary Schapiro recently announced the new impending rules for money market funds.
New Home Sales Rise as Prices Fall in July 2012
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New home sales were up by 25 percent compared to a year ago according to the report.
Higher One to Repay $11 Million to 60,000 Students for Charging Excessive Overdraft Fees
Higher One has agreed to repay $11 Million in restitution to students who were victims of excessive overdraft fees.
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Most Recent
Existing Home Sales Rise in July
The National Association of Realtors announced today that existing home sales rose 2.4% in July.
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Fannie Mae and Freddie Mac See New Terms in Their Bailout Agreement
Fannie Mae and Freddie Mac have been a crucial part of the mortgage market, remaining important even through the housing crisis.
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August Index of Consumer Spending Reaches Highest Level Since May
The preliminary August index of consumer spending surprised economic forecasters by reaching its highest level since May.
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Housing Starts Drop in July
The US Census Bureau has released their report for housing starts during the month of July.
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The New Foreclosure Challenge: The Increase in Older Americans Losing Their Homes
A major casualty of the foreclosure crisis, in which nearly 4.5 million Americans lost their homes, has been individuals close to retiring.
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Consumer Confidence Sinks to Lowest Level This Year, Politics Blamed
Steady unemployment and continued sluggishness in the United States economy helped drive consumer confidence to its lowest level in 2012.
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