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Existing-Home Sales Ease Due to Mortgage Restrictions

added: 26-05-2008

Existing-home sales slowed in April, partly because restrictive lending practices hampered home buyers. At the same time, a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors(R).

U.S. Retail e-Commerce Growth Rate Rebounds in April After Soft March

added: 26-05-2008

comScore, Inc. released retail e-commerce data for April 2008, which showed that the year-over-year growth rate rebounded to 15 percent, following an increase of just 9 percent in March.

Doing Nothing on Global Warming will Cost the United States Economy More than 3.6 Percent of GDP

added: 25-05-2008

A report released by researchers at Tufts University, commissioned by the Natural Resources Defense Council (NRDC), presents two ways of estimating the costs of inaction on climate change, both leading to staggering bottom lines. A comprehensive estimate, based on state-of-the-art computer modeling, finds that doing nothing on global warming will cost the United States economy more than 3.6 percent of GDP - or $3.8 trillion annually (in today's dollars) - by 2100.

US Federal Reserve On Hold, Oil Surges

added: 23-05-2008

Well, now for a more accurate valuation of current economic conditions and their relationship to corporate earnings now that the US Federal Reserve has ended the great bailout party by putting rate cuts on hold.

US Mass Layoffs in April 2008

added: 23-05-2008

In April, employers took 1,308 mass layoff actions, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported. Each action involved at least 50 persons from a single employer; the number of workers involved totaled 133,914, on a seasonally adjusted basis.

Bankrate: Mortgage Rates Slide

added: 23-05-2008

Fixed mortgage rates pulled back this week, with the average conforming 30-year fixed mortgage rate dropping to 6.02 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.44 discount and origination points.

Internet is Not the Key Factor in Final Purchasing Decisions

added: 22-05-2008

Although adult consumers in the US use the Internet to research and discover new products, it is usually not the key factor in final purchasing decisions, according to the Pew Internet & American Life Project's newly released "The Internet and Consumer Choice" study.

US: Millionaire Households on the Rise

added: 22-05-2008

Nearly 10 million households in the US have a net worth of at least $1 million, excluding their primary residences, according to TNS's "Affluent Market Research Program."

Deloitte Consumer Spending Index Falls to Lowest Level Since 2001

added: 21-05-2008

With house prices falling nearly 12 percent in March 2008 and unemployment claims increasing 9.8 percent in the same period, the Deloitte Research Leading Index of Consumer Spending has reached its lowest level since 2001.

US Producer Price Index in April 2008

added: 21-05-2008

The Producer Price Index for Finished Goods increased 0.2 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

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