Archive for the 'Economic Information' Category

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Economic worries keep lid on mortgage rates

Published by:, 12/19/2011 2:00:00 PM
A weekly survey of lenders by Freddie Mac showed mortgagerates at or near record lows for a fourth consecutive week amid growing expectations that Europe is headed for a recession that will slow U.S. growth. ...Read More

PayPal Takes Payments Offline With "PayPal Wallet"

Published by: , 11/3/2011 10:00:00 AM
Google isn't the only unorthodox player moving into the offline payments space. PayPal, like the search giant and Visa, is planning to launch a "Wallet" product that aims to replace traditional credit cards at registers. ...Read More

U.S. Banks Fall as Wells Fargo, Citigroup Say Revenue Slumped

Published by: , 10/17/2011 12:00:00 PM
Oct. 17 -- U.S. banks fell after Citigroup Inc. and Wells Fargo & Co., the nation's third- and fourth-largest lenders, said quarterly revenue dropped amid economic weakness and market turmoil linked to Europe. ...Read More

Angry Birds Creator Rovio Eyes $1B IPO in 2012

Published by: , 10/13/2011 10:00:00 AM
Angry Birds creator Rovio Entertainment may go public as soon as next year and is worth around $1 billion, according to Rovio's chief marketing officer. ...Read More

What's Behind the Bank of America, Citi, and Wells Fargo Downgrades?

Published by: , 9/22/2011 12:00:00 PM
Did last summer's financial regulation bill work to end the too big to fail problem after all? By looking at the downgrade news out of Moody's, you might think so. The firm has cut ratings of three major banks: Bank of America, Citigroup, and Wells Fargo. Although the particular downgrades differed by bank, Moody's rationale was the same for all three: it sees a government rescue of these banks as a little bit less probable. How safe are taxpayers from future bailouts? ...Read More

RIM Shares Sink on Weak Results

Published by: , 9/16/2011 10:00:00 AM
Research In Motion Ltd. opened sharply lower Friday in New York and Toronto, after reporting a 59% drop in profit in the fiscal second quarter on lower-than-expected shipments of its BlackBerry handsets....Read More

Stocks Slide, 10-Year Treasury Yield Drops Q

Published by: , 9/6/2011 12:00:00 PM
U.S. and European equities sank, while 10-year Treasury yields slid to a record, amid growing concern Europe’s debt crisis is worsening. The franc weakened the most since the creation of the euro as the Swiss central bank set a ceiling on the exchange rate....Read More

Home Prices in U.S. Showed Signs of Stabilizing

Published by: , 8/30/2011 12:00:00 PM
Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing....Read More


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