Aug 27, 2012 | Banking and Finance
U.S. stocks are trading higher as investors anxiously await this Friday’s speech from Federal Reserve Chairman Ben Bernanke. Bernanke’s speech at the Fed’s annual symposium in Jackson Hole, Wyoming may signal whether or not the Fed is open to implementing a third...
Jul 25, 2012 | Banking and Finance
U.S. Home Sales Post Surprise June Decline. Sales of newly-constructed homes declined by 8.4% in June to an annualized rate of 350,000, missing the consensus forecast for 372,000. The decline was led by a 60% record high sales plunge in the northeast region....
Jun 26, 2012 | Banking and Finance
The S&P 500 opened modestly higher as investors welcomed a smaller-than-expected annual decline in home prices, sending homebuilder company shares sharply higher. Equities pared early gains after a reading of consumer confidence fell to a five-month low, with...
Jun 4, 2012 | Banking and Finance
U.S. stocks are extending losses after the latest economic data showed factory orders fell in April for a second month, adding to evidence that U.S. economic growth is slowing. The S&P 500, the U.S. benchmark equity index is now down 10% from its 2012 peak of...
Jun 1, 2012 | Banking and Finance
When The Beatles sang, “Now give me money, a lot of money . . . I want money . . . that’s what I want,” they may not have been thinking about buying insurance or setting up an emergency fund with it. But establishing a solid financial foundation means making sure...
