| U.S. Economy Headlines |
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| Sales of new homes slip
(Reuters)
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| Reuters - Durable goods orders held steady
last month, but sales of new single family homes fell,
government data showed on Wednesday, highlighting a weak
economy as the Federal Reserve met to ponder interest rates.
-- read full article |
| Wed, 25 Jun 2008 15:14:05 GMT - Yahoo! News: Economy News |
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| Oil prices edge higher on dollar, supply concerns
(AP)
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| AP - Oil futures ended an uneven session with a modest gain Tuesday as traders awaited news that could help the market break out of a trading range that has lasted for more than two weeks. Retail gas prices, meanwhile, slid below a national average of $4.07 a gallon.
-- read full article |
| Tue, 24 Jun 2008 19:38:52 GMT - Yahoo! News: Economy News |
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| Consumer confidence sinks to 16-year-plus low
(AP)
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| AP - U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.
-- read full article |
| Tue, 24 Jun 2008 20:55:40 GMT - Yahoo! News: Economy News |
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| Dollar weakens on downbeat economic news
(AFP)
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| AFP - The dollar weakened against other major currencies Tuesday in the face of downbeat economic news on US consumer confidence and the housing market, and as the US central bank was expected to keep interest rates unchanged.
-- read full article |
| Tue, 24 Jun 2008 21:36:21 GMT - Yahoo! News: Economy News |
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| Treasury bonds spike after more economic doubt
(AP)
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| AP - Treasury bonds rose Tuesday on a report that consumer confidence fell in June more than economists expected, the latest another indication that higher gas and food prices are taking a toll on consumer spending. The market was also awaiting the results of the Federal Reserve's two-day meeting on interest rates. -- read full article |
| Tue, 24 Jun 2008 21:55:02 GMT - Yahoo! News: Economy News |
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| IBD's Top 10 - Tuesday
(Investor's Business Daily)
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| Investor's Business Daily - 1 Prices in 20 big cities fell a record 15.3% vs. a year earlier, says S&P/Case-Shiller. The 10-city index sank 16.4%. Monthly price declines have slowed, but still are sharp. Meantime, the gov't OFHEO home price index fell 4.6% vs. April '07. Both reports track like-to-like home sales, but OFHEO includes only conforming loans, so it shows less of a price boom and bust. -- read full article |
| Tue, 24 Jun 2008 22:59:10 GMT - Yahoo! News: Economy News |
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