Monthly Archives: July 2012

Yahoo! Finance By Jeff Macke July 31, 2012 From last Tuesday’s Hilsenrath Rally through Friday’s close, the S&P 500 tacked on a stunning 4% worth of gains. With the FOMC announcing their decision on rates on Wednesday, followed by Nonfarm Payrolls on … Continue reading →

CNNMoney.com By Charles S. Konigsberg and G. William Hoagland July 30, 2012 Two budget experts – a Democrat and a Republican , both former Hill staffers – say playing games of political chicken when it comes to the fiscal cliff … Continue reading →

Reuters By Rujun Shen July 30, 2012 SINGAPORE, July 30 (Reuters) – Gold held steady above $1,620 an ounce on Monday, as investors wait for the central banks on both sides of the Atlantic to give clearer cues on further … Continue reading →

Bloomberg.com By Alan Bjerga July 25, 2012 U.S. consumers may pay 3 percent to 4 percent more for food next year, as the effects of the country’s worst drought since the 1950s work their way onto supermarket shelves, the Department … Continue reading →

CNBC.com By Patrick Allen July 23, 2012 A robust and self-sustaining U.S. recovery is not on the cards, and we should now expect below trend growth for many years to come, according to Nouriel Roubini, the economist famed for his … Continue reading →

Newsmax.com By Bloomberg News July 23, 2012 U.S. stocks declined, giving the Standard & Poor’s 500 Index its biggest two-day drop since April, on concern Europe’s debt crisis is deepening and as a Chinese central-bank adviser said growth may slow … Continue reading →

CNBC.com By Associated Press July 19, 2012 More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to … Continue reading →

Bloomberg.com By Craig Torres and Jeff Kearns July 17, 2012 Federal Reserve Chairman Ben S. Bernanke outlined options to ease policy further in case the flagging economic recovery fails to lower unemployment. Easing tools include further purchases of Treasuries and … Continue reading →

CNNMoney.com By Jeanne Sahadi July 17, 2012 NEW YORK (CNNMoney) — Which is worse: Republicans’ threat to not raise the debt ceiling without more spending cuts? Or Democrats’ threat to go off the fiscal cliff unless taxes go up on … Continue reading →

USAToday.com By The Associated Press July 16, 2012 NEW YORK – Ratings agency Moody’s Investors Service is downgrading the credit ratings for 13 Italian banks three days after cutting the Italian government’s bond rating. The government’s lower rating means Moody’s … Continue reading →