Tag Archive | "market news"
Startling new reports show the U.S. housing market is taking a turn for the worse, putting added pressure on families saving for retirement and on local governments that rely on property tax revenue to stay afloat. The trend is sure to squeeze local communities already faced with the prospect of declining federal aid, as they [...]
Friday, the Labor Department reported the economy added 244,000 jobs in April. After adding 235,000 and 221,000 jobs in February and March, this should indicate the economy is finally accomplishing momentum; however, rising gas prices and sluggish consumer demand cloud the outlook. A surge in April first-time jobless claims indicate growth is stuck at depressed, [...]
“Don’t follow leaders / Watch the parking meters” Ah, the weather. In theory, it was largely to blame for the fact that far fewer of the unemployed in America put on their jackets and sought employment recently. Thus, our economy only produced 36,000 new jobs last month. Further, when the people doing the unemployment phone [...]
Americans received good news on the home front last week — the home sales front, that is. Sales of both existing and new homes for November enjoyed upward trends, according to respective reports from the National Association of REALTORS® (NAR) and the Census Bureau. Sales of single-family homes, townhomes, condominiums and co-ops in November [...]
San Diego County single-family-home prices are facing an 8.5 percent fall over the next year now that buyers no longer have access to state and federal tax credits, Fiserv economists predicted Monday. Fiserv, which provides the data for the widely watched Standard & Poor’s/Case-Shiller Home Price Index, said San Diego prices rose 11.6 percent from [...]
In a recent statement, president Obama emphasized the importance for a Wall Street reform after the big mess that was brought about by the foreclosure crisis. “We’ve seen problems in foreclosure proceedings – mistakes that have led to disruptions in the housing markets. This is only one more piece of evidence as to why Wall [...]
THE MARKETS: Stocks have gained in five out of the last six weeks, and the Dow Jones Industrial Average closed above 11,000 for the first time in five months Friday. Bolstering results last week, Friday’s depressed jobs report lifted expectations that the Federal Reserve will soon step in to stimulate the economy yet again, and [...]
Over the last decade, gold has gained well over 300% in value. That’s what it does: It goes up and down depending on how much is available (and the amount they’re pulling out of the ground each year stopped growing some time ago) and how much commercial and investor demand there is for it at [...]
