A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Posts Tagged ‘inventory’
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
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more...Wholesale Inventories Rise
July 9th, 2010 by Financial Writer
Inventories of U.S. wholesalers rose in May as warehouses were restocked with machinery and other durable goods, while sales registered their first decline in 14 months.
Wholesale inventories rose 0.5% to a seasonally adjusted $398.81 billion, after increasing by a downwardly revised 0.2% during April, the Commerce Department said Friday. Originally, April inventories were estimated to [...]
Tags: business, commerce department, economic, financial system, inventory, us economic, us manufactured, us stocks, wall street, wholesale
Manufacturing in U.S. Expands Faster Than Forecast
June 1st, 2010 by Financial Writer
Manufacturing in the U.S. expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales here and abroad.
The Institute for Supply Management’s manufacturing gauge fell less than forecast to 59.7 from 60.4 in April, which was the highest level in almost six years. Readings greater than 50 point to [...]
Tags: consumer spending, debt crisis, economic recovery, euro zone, european economy, financial, inventory, stock market, us consumer, us economy, us exporters, us manufactured
Mattel earnings fall; economy takes toll on Barbie
October 16th, 2009 by Financial Writer
Mattel Inc., the largest U.S. toymaker, said Friday that cost-cutting, price increases that have stuck and low inventory helped its third-quarter profit fall just 3 percent despite a steeper drop in sales.
Investors applauded the company’s focus and sent shares up 5 percent, briefly touching a 52-week high.
The maker of Hot Wheels and American Girl dolls [...]
Tags: dollars, economy, inventory, investors