RSS Feed Alerts
In down economy, owning a vacation home may be more business than pleasure (Aug-27, 23:00 EDT )-- Tina Lambert and her husband wanted an investment that would help them pay for their kids' college tuition someday. When he insisted on paying $49,000 for a condominium in Ocean City in 1997, she worried. But by the middle of this decade, when housing...
US Fed chief vows tough steps as recovery slows (AFP) (Aug-27, 20:42 EDT )-- AFP - The Federal Reserve chief has vowed to take aggressive steps to boost the US economy if the outlook worsened, as the world's largest economy's pace of growth slowed rapidly in the second quarter.
California lawmakers to vote on budget plans (Reuters) (Aug-27, 19:19 EDT )-- Reuters - California lawmakers will vote on rival plans for closing a $19 billion deficit and balancing the state's budget on Tuesday, the last day of their legislative session, aides said on Friday.
Recovery Slowing, Fed Ready To Help: Chairman Bernanke (Investor's Business Daily) (Aug-27, 18:52 EDT )-- Investor's Business Daily - Federal Reserve Chairman Ben Bernanke signaled more willingness Friday to take bold action to try to bolster the recovery as the government slashed its estimate for Q2 economic growth.
Economy edges closer to stalling, government says (AP) (Aug-27, 17:57 EDT )-- AP - WASHINGTON — The economy turns out to be weaker than we thought, and the outlook for the rest of the year is now looking dimmer.
Bernanke says Fed to act if needed (Reuters) (Aug-27, 17:40 EDT )-- Reuters - U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.
Summary Box: Bernanke seeks to build consensus (AP) (Aug-27, 17:27 EDT )-- AP - TOUGH JOB: Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed — if any — to give the economy a boost.
Business Highlights (AP) (Aug-27, 16:51 EDT )-- AP - Economy edges closer to stalling, government says
Bernanke speech shows effort to find Fed consensus (AP) (Aug-27, 16:24 EDT )-- AP - Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed — if any — to give the economy a boost.
Obama economic advisory board OKs tax report (AP) (Aug-27, 15:40 EDT )-- AP - Any attempts to simplify the complicated U.S. tax code will produce lower taxes for some people and higher payments for others, including some of the middle-class families President Barack Obama has promised to shield from tax increases, a new...
Summary Box: Commodities mostly higher (AP) (Aug-27, 15:00 EDT )-- AP - GOLD PLAY: Gold prices settled up just 20 cents at $1,237.90 Friday after hitting $1,244.20 an ounce earlier in the day due to developing economic news. Many traders are trying to determine if the economic environment is favoring risk or if safe...
Commodities prices mixed on economic growth news (AP) (Aug-27, 14:59 EDT )-- AP - Commodities prices were mixed Friday after a new report showed second-quarter economic growth was slower but not as slow as had been anticipated.
Summary Box: Japan's jobless rate falls (AP) (Aug-27, 14:55 EDT )-- AP - MIXED BAG: Japan's government released mixed economic data, providing little to inspire confidence in the country's fragile recovery.
Dollar zigzags as Bernanke says Fed could do more (AP) (Aug-27, 14:53 EDT )-- AP - The dollar zigzagged Friday after Federal Reserve Chairman Ben Bernanke laid out steps the central bank would consider to bolster a weakening economy.
Imports stifle 2nd-quarter growth (Reuters) (Aug-27, 14:43 EDT )-- Reuters - Economic growth was revised down to a sluggish 1.6 percent annual rate in the second quarter, pointing to an even softer performance in the third quarter.
Summary Box: British 2Q economic growth revised up (AP) (Aug-27, 14:35 EDT )-- AP - CONSTRUCTION BOOSTS GROWTH: Britain's economy grew by 1.2 percent during the second quarter, faster than the earlier estimate of 1.1 percent, thanks to a sharp rise in construction.
SPIN METER: What Biden didn't mention on stimulus (AP) (Aug-27, 14:20 EDT )-- AP - Vice President Joe Biden said this week that the Obama administration "hit the accelerator" toward spending $5 billion under the economic stimulus law to weatherize people's homes, create thousands of jobs, help consumers save money and put the...
Vacationing Obama can't escape economy (AP) (Aug-27, 14:08 EDT )-- AP - President Barack Obama biked and golfed under a brilliant New England sun Friday, yet he couldn't escape the cascade of dour news on the economy as his vacation neared its end.
Obama taps Bloomberg for views on economy during holiday golf (Reuters) (Aug-27, 13:56 EDT )-- Reuters - President Barack Obama, anxious to show he is still focused on the battered economy despite being on vacation, took time out of his golf game on Friday to chat about the growth situation with New York Mayor Michael Bloomberg before they hit...
Volcker-led economic panel assesses U.S. tax reform ideas (Aug-27, 13:49 EDT )-- A panel of White House economic advisers headed by former Federal Reserve chairman Paul Volcker issued its long-awaited report on tax reform Friday, submitting to President Obama 126 pages of options for improving enforcement, lowering the corporate...
Economy giving U.S. women pause about motherhood? (Reuters) (Aug-27, 13:46 EDT )-- Reuters - U.S. birth rates in 2009 declined for the second straight year, a sign the economy may be causing some women to think twice about having children, U.S. health officials said on Friday.
US Fed eyes aggressive steps as recovery slows (AFP) (Aug-27, 13:43 EDT )-- AFP - The Federal Reserve will aggressively boost US economic expansion if the outlook worsened, central bank chief Ben Bernanke said Friday, as the government slashed the second quarter growth pace.
Bernanke says recovery softer, Fed to act if needed (Reuters) (Aug-27, 13:16 EDT )-- Reuters - Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth.
White House sees 'positive' GDP figure, says more needed (AFP) (Aug-27, 13:08 EDT )-- AFP - The White House said Friday the latest US economic growth data represented "positive news" but that the lowered estimates mean more work is needed to keep the recovery on track.
Cheaper Reverse Mortgages May Be Coming (U.S. News & World Report) (Aug-27, 13:05 EDT )-- U.S. News & World Report - The Federal Housing Administration (FHA) is developing a new reverse mortgage product that sharply cuts up-front payments by home owners but also significantly reduces the percentage of a home's equity that can be paid to...
Business events scheduled for the coming week (AP) (Aug-27, 13:01 EDT )-- AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.
Business events scheduled for the coming month (AP) (Aug-27, 13:01 EDT )-- AP - WASHINGTON — Commerce Department releases personal income and spending for July, 8:30 a.m.
Bernanke: New Fed action only if economy worsens (Aug-27, 12:38 EDT )-- JACKSON HOLE, WYO. - The Federal Reserve will take new action to bolster the economy only if conditions worsen further, Chairman Ben S. Bernanke said Friday, adding that he expects a continued economic recovery. Federal Reserve System - Ben...
Bernanke: Fed will take action if economy falters (AP) (Aug-27, 09:44 EDT )-- AP - Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
Economic growth slows to 1.6 pct. in the spring (AP) (Aug-27, 09:40 EDT )-- AP - The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slowdown in companies' restocking of goods,
US Fed eyes aggressive steps if recovery fades (AFP) (Aug-27, 09:40 EDT )
Bernanke: Recovery 'less vigorous' than expected but on track (Aug-27, 09:27 EDT )-- JACKSON HOLE, Wyo. -- Federal Reserve Chairman Ben S. Bernanke acknowledged in a much-awaited speech Friday that the pace of economic growth "recently appears somewhat less vigorous" than expected, but said that the economy is on track to continue...
Bernanke: Recovery 'less vigorous' than expected but on track (Aug-27, 09:17 EDT )-- JACKSON HOLE, Wyo. -- Federal Reserve Chairman Ben S. Bernanke acknowledged in a much-awaited speech Friday that the pace of economic growth "recently appears somewhat less vigorous" than expected, but said that the economy is on track to continue...
Warren Buffett Kills the World's Greatest Investment Meeting (The Motley Fool) (Aug-27, 09:15 EDT )-- The Motley Fool - For years, Charlie Munger, Berkshire Hathaway's (NYSE: BRK-A - News; BRK-B) octogenarian co-chairman, has said that Berkshire would one day buy the remaining 20% of Wesco Financial (NYSE: WFC - News) it didn't already own.
Bernanke says recovery softer, Fed prepared to buy more (Reuters) (Aug-27, 09:13 EDT )-- Reuters - Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy.
Flow of imports drags down economic growth (Aug-27, 09:12 EDT )-- The Commerce Department slashed its estimate for U.S. GDP growth in the second quarter from a 2.4 percent annual rate to 1.6 percent, confirming fears that economic growth has slowed to a crawl. Business - Economic - Instrumentation - Electronics...
Featured Advertiser (Aug-27, 09:12 EDT )
(AP) (Aug-27, 09:04 EDT )-- AP - Intel warns third-quarter revenue will fall below its earlier forecast due to weak PC demand
Consumer sentiment dips in late August: survey (Reuters) (Aug-27, 08:58 EDT )-- Reuters - U.S. consumer sentiment pulled back in late August from earlier in the month but still improved from late July in the face of dismal labor and housing conditions, a private survey released on Friday showed.
US slashes second quarter growth as recovery slips (AFP) (Aug-27, 08:50 EDT )-- AFP - The US government on Friday slashed second quarter growth in the world's largest economy to a pace of 1.6 percent, signalling a more pronounced slowdown in the recovery from recession.
Fed's Bullard says economy slow, to recover in 2011 (Reuters) (Aug-27, 08:49 EDT )-- Reuters - The U.S. economy hit a soft patch in the second quarter but is not likely to fall back into recession and will pick up speed in the first half of 2011, St. Louis Federal Reserve President James Bullard said on Friday.
Imports drag second-quarter growth lower (Reuters) (Aug-27, 08:48 EDT )-- Reuters - Economic growth was revised down to a sluggish 1.6 percent annual rate in the second quarter, dampened by the largest increase in imports in 26 years, the government said on Friday.
Instant View: Q2 GDP growth revised down to 1.6 percent (Reuters) (Aug-27, 08:11 EDT )-- Reuters - U.S. economic growth slowed more sharply than initially thought in the second quarter, held back by the largest increase in imports in 26 years.
Oil prices rise before US growth data (AFP) (Aug-27, 07:12 EDT )-- AFP - World oil prices rose on Friday as the market awaited key growth data that was expected to reveal a sharp economic slowdown in the United States, the world's biggest consumer of energy.
European stocks drop ahead of US data (AFP) (Aug-27, 06:05 EDT )-- AFP - Europe's main stock markets fell on Friday as investors digested robust British growth data and awaited output figures from the United States amid fears of a double-dip recession.
Dollar rises before US growth data (AFP) (Aug-27, 05:49 EDT )-- AFP - The dollar rose against the euro and yen on Friday as the market awaited data expected to reveal a sharp slowdown in the US economy.
AIG decides against strategic investor for AIA: source (Reuters) (Aug-27, 05:40 EDT )-- Reuters - American International Group Inc has scrapped plans to sell a strategic stake in its Asian life insurance business, AIA, ahead of its initial public offering, a source familiar with the process said on Friday.
AP ENTERPRISE: Oil cleanup both bonanza and bust (AP) (Aug-27, 05:32 EDT )-- AP - The Gulf oil spill is a bonanza for some and a bust for others.
Japan's jobless rate falls, but deflation persists (AP) (Aug-27, 05:28 EDT )-- AP - Japan's government released a mixed bag of economic indicators Friday that did little to inspire confidence in the country's fragile recovery.
Want to stop these emails? You can easily UNSUBSCRIBE
New: Youtube alerts! Get alerts when your favorite video is posted on Youtube.
New: You can now view your alerts online and in RSS!
* Hint: You can also receive separate emails for each category (health, recalls, etc.)