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US Producer Price Index in June 2009

added: 16-07-2009

The Producer Price Index for Finished Goods rose 1.8 percent in June, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This advance followed increases of 0.2 percent in May and 0.3 percent in April. At the earlier stages of processing, prices received by producers of intermediate goods climbed 1.9 percent in June after moving up 0.3 percent in the preceding month, and the crude goods index increased 4.6 percent following a 3.6-percent rise in May.

Real Estate Experts Say Residential and Commercial Foreclosures Will Continue to Rise

added: 16-07-2009

According to the real estate experts at ForeclosureDeals.com, foreclosed properties will continue to dominate the real estate marketplace in many regions.

Online Banking Growing, Now Used by Four of Five Online Households

added: 15-07-2009

Fiserv, Inc., the global provider of financial services technology solutions, announced that more than two million U.S. households adopted online banking and bill payment during the last year, according to a recent consumer survey. A total of 69.7 million households, representing four out of five households with Internet access, now use online banking services, primarily to access balance and account history and transfer money between accounts. In addition, 64.4 million households pay at least one bill online, either at a bank website or directly at a company website.

Employers Struggle With Ill-Prepared Workforce, as White House Highlights Future of Workforce Skills

added: 15-07-2009

As the Obama administration shines a light on the training and skills workers will need for the jobs of tomorrow, a new report shows that U.S. employers continue to struggle with an ill-prepared workforce, finding new hires lack crucial basic and applied skills.

Brand Image Matters Most to Shoppers in Selecting a Retail Bank

added: 15-07-2009

When selecting a retail bank, shoppers place the most importance on the bank's brand image, according to the J.D. Power and Associates 2009 Retail Bank Shopping Study(SM).

Consumers Receive More Than $30 Billion in Benefits Annually from Using Broadband at Home

added: 15-07-2009

With $32 billion gains in 2008, consumers increasingly benefit from using broadband at home, according to a research study released by Jonathan Orszag, a former Economic Policy Advisor on President Bill Clinton's National Economic Council; Robert Willig, Professor of Economics and Public Affairs at Princeton University and former chief economist in the Department of Justice's Antitrust Division; and Mark Dutz, a Special Consultant with Compass Lexecon, an economic consulting firm.

Small and Mid-sized Businesses are Turning to Alternative Business Financing for Growth Capital

added: 15-07-2009

As the nation’s small and mid-sized businesses continue to bear the brunt of the credit squeeze, many are turning to alternative sources of business financing. New data shows that quarter-over-quarter, more businesses across more industries are selling receivables to fund their growth of their business in these challenging economic times.

Retirees Worry About Financial Security

added: 15-07-2009

The number of retirees who say they are worried about financial security has more than doubled in the past year, and many are tightening budgets or seeking professional financial advice. Forty-nine percent of retirees said they felt less secure than when they first entered retirement, compared with 20 percent who said so last year.

30-year Fixed Rates Continue Month-Long Decline

added: 15-07-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.26 percent, down from 5.40 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Meanwhile, rates for 15-year fixed mortgages fell to 4.65 percent from 4.79 percent, and 5-1 adjustable rate mortgages also fell to 4.30 percent, down from 4.49 the week prior.

Regulatory Failures Show Clear Need for an Agency Dedicated to Common-Sense Financial Protections for Consumers

added: 14-07-2009

A new policy brief by the Center for Responsible Lending chronicles the repeated failure of federal bank regulators over the years to rein in irresponsible lending practices. Example after example of regulatory delay or inaction demonstrates the need for a stand-alone, independent regulator focused solely on ensuring basic, common-sense safeguards for consumers.

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