U.S. stocks swung between gains and losses as a bigger-than-forecast rise in consumer spending and a pledge by Group of 20 leaders to cut deficits offset smaller- than-estimated growth in personal incomes.
Transocean Ltd., the company that leased the Deepwater Horizon drilling rig in the Gulf of Mexico to BP Plc, advanced after the British oil [...]
Archive for the ‘US Finance’ Category
U.S. Stocks Fluctuate on G-20 Deficit Pledge, Consumer Spending
June 28th, 2010 by Financial Writer
Tags: commerce department, consumer spending, debt crisis, Dow Jones Industrial, economic recovery, european economy, financial leaders, Global Economy, us stocks
more...U.S. Growth Is Revised Downward, to 2.7%
June 27th, 2010 by Financial Writer
The government lowered its estimate of how much the economy grew in the first quarter of 2010, noting that consumers spent less than it previously thought.
The country’s gross domestic product rose by an annual rate of 2.7 percent for January through March, the Commerce Department said on Friday. That was less than the 3 percent [...]
Tags: businesses, commerce department, debt crisis, economists, economy grew, european economy, financial system, recessions, us consumer
U.S. economic growth revised lower to 2.7% for first quarter
June 25th, 2010 by Financial Writer
The U.S. economy grew at a 2.7% pace in the first quarter, the Commerce Department said Friday, an annualized rate that came in lower than what government forecasters had previously projected.
Economists have never been too impressed with the composition of growth in gross domestic product in the first quarter. More than half of the GDP [...]
Tags: business investment, commerce department, consumers, economic growth, economists, economy recovery, financial, us economic, us economy
Yen, Dollar Advance on Speculation Economic Recovery Sputtering
June 24th, 2010 by Financial Writer
The yen and the dollar gained against most major counterparts as signs the global economic recovery is faltering fueled demand for the safest currencies.
The Japanese currency remained the top performer among the most-traded currencies even after data showed U.S. jobless claims declined last week. Stocks fell on concern Europe’s debt crisis is worsening. Federal Reserve [...]
Tags: commerce department, debt crisis, economic recovery, financial system, Global Economy, home sales, unemployment, us, us economic, us federal reserve
European surveys fuel growth slowdown fears
June 23rd, 2010 by Financial Writer
The durability of Europe’s recovery looked more doubtful on Wednesday after key business surveys showed dimming confidence about the prospects of economies that are pressing ahead with austerity measures.
Euro zone purchasing managers indexes showed private sector firms expanded at a slightly slower pace in June, but beneath the headline figures there was feeble demand for [...]
Tags: businesses, consumers, economists, european economy, financial crisis, financial markets, us treasury, wall street
Existing home sales slip 2% in May
June 22nd, 2010 by Financial Writer
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
The National Association of Realtors reported that existing home sales dipped 2.2% last month to a seasonally adjusted annual rate of 5.66 million [...]
Tags: debt crisis, economists, financial system, home inventory, home prices, home sales, interest rates, loans, money, mortgage rates, real estate
Industrial Production in U.S. Increased 1.2% in May
June 16th, 2010 by Financial Writer
Production in the U.S. rose in May by the most since August, led by increases in automobiles and utilities and showing manufacturers are weathering the effects of the European debt crisis.
Output at factories, mines and utilities increased 1.2 percent last month after a 0.7 percent gain in April, figures from the Federal Reserve in Washington [...]
Tags: business, commerce department, economy recovery, european economy, Global Economy, interest rates, us federal reserve, us housing market
Oil ends down after U.S., China data disappoint
June 12th, 2010 by Financial Writer
U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
Friday’s slide snapped a three-day string of higher closes, but for the week oil prices still managed a 3.17 percent [...]
Tags: Chinese economy, commerce department, euro zone, investors, oil prices, stock market, us consumer, us retail sales
Gold firms as risk-averse buyers exploit dip
June 11th, 2010 by Financial Writer
Gold rose above $1,220 an ounce in Europe on Friday as buyers took advantage of the previous session’s price retreat to buy into the market, with concerns over the economic recovery firmly underpinning prices.
Spot gold was bid at $1,223.55 an ounce at 1434 GMT, against $1,215.80 late in New York on Thursday. U.S. gold futures [...]
Tags: consumers, european economy, money, precious metal, stock market, us consumer, us retail sales, us stocks, wall street
TREASURIES-Bonds down on jobs improvement, looming auction
June 10th, 2010 by Financial Writer
* Jobless claims, looming auction weighs on bonds
* 30-year bonds fall a point
* $13 bln long bond auction at 1 p.m.
* Pre-sale losses yield strong auction demand this week (Adds quote, details, updates prices)
U.S. Treasuries fell on Thursday as signs of improvement in weekly jobs data added fuel to a sell-off ahead of a $30-year [...]
Tags: economy, economy recovery, european economy, european union, financial crisis, fiscal crisis, global financial markets, unemployment rate, us economy, US Treasuries
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