| U.S. Economy Headlines |
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| Fed takes steps to break through credit clogs
(AP)
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| AP - Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems.
-- read full article |
| Wed, 30 Jul 2008 21:44:02 GMT - Yahoo! News: Economy News |
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| IBD's Top 10 - Wednesday
(Investor's Business Daily)
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| Investor's Business Daily - 1 Sept. crude fell below $121, then rallied to close up $4.58 to $126.77 a barrel on a sharp drop in U.S. gasoline stockpiles. They fell 3.5 mil barrels last week, defying forecasts for a slim gain, as lower retail gas prices may have coaxed drivers to fill up. Also, Israeli PM Ehud Olmert's resignation opens the door to a leader that may be more hawkish toward Iran. -- read full article |
| Wed, 30 Jul 2008 23:03:53 GMT - Yahoo! News: Economy News |
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| Mortgage applications slowest since 2000: MBA
(Reuters)
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| Reuters - Applications for U.S. home mortgages
dropped to their slowest pace since December 2000 as loan rates
hovering near one-year highs compounded the housing market's
woes, according to data from an industry group on Wednesday. -- read full article |
| Wed, 30 Jul 2008 11:04:28 GMT - Yahoo! News: Economy News |
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| Covered Bonds: What the Paulson Plan Means for You
(BusinessWeek Online)
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| BusinessWeek Online - Treasury Secretary Henry Paulson announced a plan on Monday to encourage banks to issue a new form of debt known as a covered bond. Paulson said that if investors buy enough of these bonds, which are generally considered safer than many of the risky mortgage-backed securities that proliferated during the housing boom, banks will feel more comfortable financing mortgages again. That, along with various other measures, could restart the stalled housing market, Paulson said. ... -- read full article |
| Wed, 30 Jul 2008 12:08:41 GMT - Yahoo! News: Economy News |
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| Fed takes steps to break through credit clogs
(AP)
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| AP - Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems.
-- read full article |
| Wed, 30 Jul 2008 17:25:46 GMT - Yahoo! News: Economy News |
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| NY gov. seeks hiring freeze, spending cuts
(AP)
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| AP - Gov. David Paterson said Wednesday he wants to freeze hiring and cut state spending by an additional 7 percent to shore up a state economy that his budget director said is officially in recession.
-- read full article |
| Wed, 30 Jul 2008 17:26:30 GMT - Yahoo! News: Economy News |
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| Obama assures Bernanke he supports Fed independence
(Reuters)
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| Reuters - Democratic presidential candidate
Barack Obama discussed the risk of further U.S. economic
deterioration with Federal Reserve Chairman Ben Bernanke on
Tuesday and made clear his respect for the Fed's independence,
the senator's spokesman said.
-- read full article |
| Tue, 29 Jul 2008 20:39:18 GMT - Yahoo! News: Economy News |
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