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Bitcoin Cash: $ USD
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Honey, I have good news and bad news. The bad news is the value of our house fell $200,000. The good news is my hourly wages went up by 3 cents.
Gold is up 27 percent this year as the Federal Reserve cut interest rates to ease strains in financial markets, sending the dollar to a record low against the euro.
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Yesterday, as the dollar fell to new record lows and oil and gold prices surged to new highs, Wall Street remained fixated on wholly meaningless government data that managed to report the lowest inflation in the last half century.
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A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, a mortgage data company said.
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The Federal Reserve pumped $41 billion into the U.S. financial system, the largest cash infusion since September 2001, to help companies get through a credit crunch. The action came one day after the central bank voted to cut the interest rate.
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Global investors succumbed to a new bout of jitters amid concerns that a host of important financial institutions are nursing additional problems related to the troubled US mortgage market. Equity markets tumbled and bond prices rose in the US and Eu
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Chrysler announced it would eliminate 11,000 hourly and salaried jobs in the United States and Canada, and cut shifts of workers at five plants. The decision comes on top of a plan, announced in February, to eliminate 13,000 jobs and close a factory
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Financials took a big hit one day after a 1/4 point cut by the Fed. Analysts blamed the collapse on a possible dividend cut at Citigroup. Analyst Richard Bove looked at Citi's assets and said solvency is not the issue. However, Bove ignored the l
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Oil leaped nearly 2 percent to top $96 for the first time on Thursday, extending the previous day's 5 percent surge after an unexpected sharp fall in U.S. crude stocks and data showing strong economic growth.
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The Federal Reserve cut US short-term interest rates Wednesday in a widely anticipated move, saying it had acted amid concerns economic growth will likely cool in coming months. The central bank said it had cut its federal funds interest rate by a
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The US economy grew by a robust 3.9 percent in the third quarter despite tight credit that is deepening a housing slump, as consumers regained their appetite for spending, the government said.
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THE price of gold passed US$800 (S$1,160) an ounce here on Wednesday for the first time since 1980 after the US Federal Reserve lowered its key short-term interest rate, the New York Mercantile Exchange said. Gold futures for December touched US$8
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The latest data on home prices show that the downturn in the housing market is getting worse, rather than better, raising questions about consumers' ability to keep propping up the economy. American consumers have taken a hit not just from fallin
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At the current existing-home sales rate of 5.04 million units a year, it would take a full 10.5 months to sell the 4.4 million existing homes now on the market. The supply of existing single-family homes was at 10.2 months in September—the highest si
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Oil prices have hit a new record of $94 a barrel, as US government data showed a surprise fall in crude stockpiles for a second week in a row.
Oil prices have hit a new record of $94 a barrel, as US government data showed a surprise fall in crude stockpiles for a second week in a row.
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To answer the question, the horse is money supply and credit, the cart is prices of goods, services, and assets. Is expansion of credit infinite? Is anything stopping the Fed from sending every household $100k? What is money? Is a bet on rising equit
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The costs of the overall US global "war on terror", including, but not limited to the Iraq war, just keep rolling along and piling up. The title "The Growing Budgetary Costs of the Iraq War" of an October 24 House Budget Committee
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A huge number of lawsuits have been initiated in October, most of them in the past couple weeks. Merrill Lynch and Countrywide Financial both had shareholder lawsuits filed against them on October 30. Get your "Litigation Scorecard" ready.
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In just two years, IJ-MN already has four economic liberty victories. Chip Mellor, president and general counsel of the Institute for Justice, concluded, “We will not rest until the fundamental right of economic liberty is vindicated for all American
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In Feb Ambac borrowed $400 million to buy back shares. Shortly thereafter the former CEO and the current CEO each dumped over $10 million worth of shares. Soon after that dumping, Ambac plunged over 50%. The result is Ambac lost $200 million not coun
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The subject of this report is Option ARM performance, and the results are rather grim. The 3 charts will get you in the mood for a very scary Halloween.
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For years now, Joseph Quinlan, chief market strategist at Bank of America Corp. in New York, has been warning that the U.S.'s image as a ``rogue nation'' is a key force behind the dollar's decline.
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From MarkitIt; the ABX indices are moving down again.
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Let's do the math. A record 17.9 million U.S. homes stood empty in the third quarter. mere 2.07 million empty homes were for sale. How long can that last?
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The result is a city blighted by house repossessions - with one in six households in Cleveland have faced eviction proceedings since 2000. Due to a glut of houses on the property market, house prices have crashed.
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When it comes to guns, Idaho economic development officials are starting to see green. The Gem State, eager to attract new jobs and industry, is positioning itself as the best possible home for the nation's 200 small arms manufacturers - compa
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Oil prices have soared by more than a third since mid-August as a stand-off between Turkey and Kurdish rebels, dollar weakness, easing interest rates and winter supply fears attracted a fresh wave of investment capital.
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Latin America's alternative to the IMF and World Bank
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In addition, given the ratings interdependence of billions of dollars of structured debt, the downgrading of one structured debt security could result in immediate ripples across a far larger universe of financial institutions.
