| U.S. Economy Headlines |
| Economy grows at soft pace
(Reuters)
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| Reuters - An emergency dose of government
stimulus helped the economy grow at a 1.9 percent annual rate
in the second quarter, a soft pace but enough to take it off a
path perilously close to recession.
-- read full article |
| Thu, 31 Jul 2008 17:26:10 GMT - Yahoo! News: Economy News |
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| Paulson says housing remains biggest threat
(AP)
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| AP - The $168 billion government stimulus effort has been a timely support for the economy and will continue to boost growth in the second half of this year, Treasury Secretary Henry Paulson said Thursday. -- read full article |
| Thu, 31 Jul 2008 17:39:34 GMT - Yahoo! News: Economy News |
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| Stocks slide on GDP, jobless reports
(AP)
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| AP - Stocks mostly declined Thursday after a weaker-than-expected reading on the nation's economy and troubling news on jobs touched off renewed concerns about businesses and consumers.
-- read full article |
| Thu, 31 Jul 2008 18:10:52 GMT - Yahoo! News: Economy News |
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| Economic rebound not as energetic as hoped for
(AP)
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| AP - The country didn't get the energetic rebound in economic growth hoped for from the government's tax rebates in the second quarter, and the economy jolted into reverse at the end of 2007, raising new recession fears.
-- read full article |
| Thu, 31 Jul 2008 18:13:37 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 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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