Investor's Business Daily - Pending sales of existing U.S. homes unexpectedly rose in April to a six-month high as sharp price declines lured buyers, a real estate group said Monday. -- read full article
Investor's Business Daily - Energy: The average price for regular gas hit $4 a gallon over the weekend. Gas prices have risen 75% since Nancy Pelosi took over. Where's the energy independence Democrats promised two years ago? -- read full article
Reuters - Federal Reserve Chairman Ben
Bernanke on Monday signaled the central bank would act to
strongly resist rising inflation, as energy costs soar into the
stratosphere.
AP - Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
AFP - Federal Reserve chairman Ben Bernanke has said the likelihood of a severe US economic slump has diminished, while "upside risks" to inflation are forcing the Fed to be more vigilant.
Reuters - Economists have trimmed forecasts
for U.S. growth in the second half of this year and in 2009,
but more have come to the view that the United States will
dodge a recession, a survey released on Tuesday showed.
AFP - The dollar fell against the euro but rose versus the yen in European trading on Monday, after the US currency plunged last week on news of a jump in the US unemployment rate, dealers said.
Reuters - The U.S. labor market declined in May
to the weakest in three-and-a-half years and is likely to
deteriorate further, the Conference Board said on Monday as it
launched a new leading indicator for employment.
Reuters - Pending sales of previously owned
U.S. homes unexpectedly rose in April to the highest level in
six months as foreclosed properties flooded the market and
drove prices sharply lower, a real estate trade group report on
Monday showed.
Reuters - Pending sales of previously owned
U.S. homes rose in April to the highest level in six months as
foreclosed properties flooded the market and drove prices
sharply lower, a real estate trade group's report on Monday
showed.
Reuters - The Dow briefly turned negative on
Monday as shares of financial services companies, including
JPMorgan Chase & Co , extended losses amid concerns
about further fallout from the credit crisis.
AP - Pending home sales unexpectedly increased in April to the highest reading since October, an industry group said Monday, but they remain more than 13 percent below a year ago. -- read full article
AP - Retail gas prices rose further above a national average of $4 Monday, and are likely to keep rising as distributors and retailers hike prices in response to last week's unprecedented oil price rally.
Reuters - U.S. Treasury Secretary Henry
Paulson refused on Monday to rule out intervening in currency
markets to stabilize the dollar, but said the U.S. economy's
long-term strength will "shine through" in the dollar's value.
