Archive for August, 2010

Home Prices Rose Sharply in June, Helped by Tax Credit

Tuesday, August 31st, 2010

Prices of U.S. single-family homes gained more than expected in June and rose in the second quarter, Standard & Poor’s/Case Shiller home price indexes showed.

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Home Prices Rose Sharply in June, Helped by Tax Credit

Major Hedge Funds Cutting Bank of America for Citigroup

Monday, August 30th, 2010

BofA’s greater reliance on U.S.-based customers may be a disadvantage in light of the weaker U.S. economic picture, analysts and investors say.

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Major Hedge Funds Cutting Bank of America for Citigroup

When September Arrives, Investors May Wish it Hadn’t

Sunday, August 29th, 2010

Fed Chairman Ben Bernanke boosted stocks Friday by signaling the Fed is ready to act if the economy worsens. But more weakness in upcoming indicators like non-farm payrolls would intensify fears the economy is sliding back into recession.

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When September Arrives, Investors May Wish it Hadn’t

One Man Shows How Strong Street’s Support Is For GOP

Saturday, August 28th, 2010

At a black-tie dinner in April, a politically influential hedge fund manager named Paul Singer offered a blistering critique of the “terrible path” he said Washington politicians were charting on economic issues, reports the New York Times.

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One Man Shows How Strong Street’s Support Is For GOP

Week Ahead: Jobs Report Could Signal Rocky September

Friday, August 27th, 2010

The final days of summer could bring more disappointing employment and manufacturing data, setting the stage for a choppy September.

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Week Ahead: Jobs Report Could Signal Rocky September

Bernanke Speech to Set Market Course on Friday & Beyond  

Thursday, August 26th, 2010

Fed Chairman Ben Bernanke speaks on the economy and policy, at a time when both are shaky in the eyes of the markets.

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Bernanke Speech to Set Market Course on Friday & Beyond  

Fed in Emergency Bid to Put Bailout Ruling on Hold

Thursday, August 26th, 2010

The Federal Reserve asked a U.S. appeals court to delay implementing a ruling that would force the central bank to disclose details of its emergency lending programs to banks during the financial crisis.

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Fed in Emergency Bid to Put Bailout Ruling on Hold

Durable Goods Orders Rose Far Less Than Expected

Wednesday, August 25th, 2010

New orders for long-lasting US manufactured goods rose 0.3% in July and, excluding transportation equipment, posted the largest decline in 1-1/2 years.

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Durable Goods Orders Rose Far Less Than Expected

Like Reagan, Obama’s Political Fortunes Hinge On Economy

Tuesday, August 24th, 2010

A recession and unemployment have led to midterm congressional election losses before. But Ronald Reagan bounced back decisively to win a second term.

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Like Reagan, Obama’s Political Fortunes Hinge On Economy

Tuesday: Markets Expect Worst from Existing Home Data

Monday, August 23rd, 2010

Existing home sales data is expected to be dreary but stocks may do little more than drift Tuesday.

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Tuesday: Markets Expect Worst from Existing Home Data