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added: 17-04-2008

As oil prices topped $115 a barrel on futures markets, President Bush continued his near-silence on the damage that energy inflation is doing to consumers and the economy, said Consumer Watchdog. The White House clings to a pallid strategy of blaming OPEC even as it continues buying oil off the market at a rate of 1.5 million barrels a month for a Strategic Petroleum Reserve that is already filled to near-record levels.

US Producer Price Indexes in March 2008

added: 17-04-2008

The Producer Price Index for Finished Goods increased 1.1 percent in March, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported. This advance followed a 0.3-percent rise in February and a 1.0-percent increase in January. At the earlier stages of processing, prices received by producers of intermediate goods rose 2.3 percent after increasing 0.8 percent a month earlier, and the crude goods index advanced 8.0 percent following a 3.7-percent rise in February.

US: Wholesale Prices Rise Sharply in March

added: 16-04-2008

The U.S. Department of Labor reported that U.S. wholesale prices surged 1.1 percent in March, the second-largest increase in the past 33 years, exceeded only by a 2.6 percent rise in November 2007.

US Small-Business Economic Outlook Negative

added: 16-04-2008

America's small businesses are extremely anxious about the economy and fear a recession on the horizon. The past year has not been a good one for the small-business economy, and projections for the next twelve months are even less optimistic.

Deloitte Index: Consumer Spending Continues to Fall

added: 16-04-2008

With the U.S. economy in a recession, the trend toward reduced consumer purchasing is accelerating, the Deloitte Research Leading Index of Consumer Spending has found.

Americans' Financial Security Sentiments Drop to Record Low

added: 16-04-2008

Amid fears of a possible recession, Americans feel less secure about their finances now than at any other time in the last 14 months, according to the COUNTRY Financial Security Index(SM). The Index recorded its third consecutive decline in April, slipping .7 points to 67.8, marking its lowest reading to date.

Customer Experience Takes Center Stage in Online Banking

added: 15-04-2008

comScore, Inc. released results of a study of the online banking industry. The study found that the growth in the number of online banking customers at the 10 most-visited online banks softened in 2007 compared to the previous year. Additional study findings showed high customer satisfaction with banking relationships and receptivity to the use of new media tools - such as chats and widgets - to enhance the online banking experience.

US: Foreclosure Activity Increases 5 Percent in March 2008

added: 15-04-2008

RealtyTrac(R) released its March 2008 U.S. Foreclosure Market Report(TM), which shows foreclosure filings - default notices, auction sale notices and bank repossessions - were reported on 234,685 properties nationwide during the month, a 5 percent increase from the previous month and a 57 percent increase from March 2007. The report also shows one in every 538 U.S. households received a foreclosure filing during the month.

CEO Confidence Declines in the First Quarter of 2008

added: 15-04-2008

The Conference Board's Measure of CEO Confidence, which had posted a sharp decline in the final quarter of 2007, fell again in the first quarter of 2008 and is now at 38 (a reading of more than 50 points reflects more positive than negative responses). The last time the Measure posted a weaker reading was in the final quarter of 2000 when it was at 31.

2008 Venture Capital Fundraising Activity Slows in First Quarter 2008

added: 14-04-2008

Fifty-seven venture capital firms raised $6.3 billion in the first quarter of 2008 according to Thomson Financial and the National Venture Capital Association (NVCA). The number of funds raised in the first quarter of 2008 decreased by 31% from the same period in 2007 while the dollar value remained unchanged.

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