Thu, Aug 14 2008, 7:00 AM
U.S. home foreclosures jumped by 55% from the
previous month's year-over-year results, according to RealtyTrac's July
2008 U.S. Foreclosure Market...
Thu, Aug 14 2008, 7:00 AM
The current economic turmoil is comparable to the early
1990s , which can be a valuable guide to understanding what's
next as the U.S. economy seek...
Wed, Aug 13 2008, 7:00 AM
Weekly mortgage applications in the United States
fell in the week ending Aug. 8, according to data released from the
Mortgage Bankers Association ...
Wed, Aug 13 2008, 7:00 AM
US advance retail sales data along with business inventories will
dominate the agenda on Wednesday. In light of falling energy prices, DOE
crude inv...
Wed, Aug 13 2008, 7:00 AM
Mortgage interest rates remained flat during the week
ended August 7 according to the weekly Primary Mortgage Market Survey
released by Freddie Mac...
Tue, Aug 12 2008, 7:00 AM
Economists say the unexpected narrowing in the June trade deficit was
helped by continued strength in the export market , which
should give second-...
Tue, Aug 12 2008, 7:00 AM
Speaking in an interview with CNBC, Minneapolis Federal Reserve
President Gary Stern (voter) said the outlook on core
and headline inflation has i...
Tue, Aug 12 2008, 7:00 AM
Trade data will the highlight of the day for both the U.S. and
Canadian economies. The U.S. trade balance will be the subject of
scrutiny as the def...
Tue, Aug 12 2008, 7:00 AM
The U.S. monthly trade deficit unexpectedly shrank in
June to $56.8 billion, a much narrower deficit than the -$62.0 billion
balance expected by m...
Tue, Aug 12 2008, 7:00 AM
Another round of major world central bank decisions
are out of the way, yet rates are still where they were at prior to the
decisions. However, ma...
Tue, Aug 12 2008, 7:00 AM
Markets are currently pricing in the following probabilities for
future interest rate moves as of the close on Monday:
FED - OIS Implied Rates
...
Tue, Aug 12 2008, 7:00 AM
Five years ago I moved from Boston to Southeast Georgia and was
immediately plunged into shoppers� hell. Not only was there no Costco (70
miles to t...
Tue, Aug 12 2008, 7:00 AM
U.S. home values fell by nearly 10% in the second quarter of 2008,
causing one in four home sales over the past year to be at a loss,
according to a...
Tue, Aug 12 2008, 7:00 AM
According the Dow Jones, Freddie Mac has announced that they will
no longer be purchasing subprime mortgages secured by
properties in the state of...
Mon, Aug 11 2008, 7:00 AM
Speaking in an interview with NBC on Saturday, U.S. Treasury Secretary
Henry Paulson said government had no plans to inject capital into
Government...
Mon, Aug 11 2008, 7:00 AM
U.S. banks are expecting tighter credit conditions throughout the
first half of 2009, according to the Federal Reserve's July
Senior Loan Officer O...
Mon, Aug 11 2008, 7:00 AM
The Fed's Senior Officer Loans Survey the highlight
of the U.S. on Monday. Canadian markets will be paying attention to the
releases of housing s...
Sun, Aug 10 2008, 7:00 AM
The U.S. economy will continue to struggle between slowing growth and
rising inflation. According to economists and strategists, markets will
focus ...
Fri, Aug 8 2008, 7:00 AM
The U.S. dollar index is at its highest levels since
February, gaining over a point on sheer greenback strength on Friday.
Even after the releas...
Fri, Aug 8 2008, 7:00 AM
The Canadian employment report will highlight Friday's economic
releases as U.S. markets receive a first look at second-quarter nonfarm
productivity...
Thu, Aug 7 2008, 7:00 AM
The Bank of England and the European Central Bank rate decisions are
the highlights of the early morning, followed by Canadian building
permits, U.S...
Thu, Aug 7 2008, 7:00 AM
Pending home sales rebounded by 5.3% in June,
according to the National Association of Realtors (NAR), against
expectations that the index would fa...
Thu, Aug 7 2008, 7:00 AM
Canadians are flocking to snatch up property in the
U.S. as a result of affordable house prices and attractive exchange
rates, the National Associa...
Thu, Aug 7 2008, 7:00 AM
Despite a better-than-expected pending home sales report coming out of
the U.S. on Thursday, the day's soft jobless claims figures are instead
dicta...
Thu, Aug 7 2008, 7:00 AM
Consumer debt increased by $14.3 billion in June,
according to data released Thursday from the U.S. Federal Reserve, which
also showed that total c...
Thu, Aug 7 2008, 7:00 AM
Several television financial correspondents were announcing at the
beginning of this week that Monday was the first anniversary of the
credit squee...
Thu, Aug 7 2008, 7:00 AM
Economists say the second unexpected rebound in three months in the
U.S. pending home sales index is likely due to sales of
foreclosed homes . The ...
Thu, Aug 7 2008, 7:00 AM
Claims for unemployment benefits in the U.S. rose to their highest
level since March 2002 with 455k initial claims reported
in the week ending A...
Thu, Aug 7 2008, 7:00 AM
Citigroup could have to take as much as $20 billion
in securities from failed auctions on to its balance sheet and will pay a
variety of fines and ...
Wed, Aug 6 2008, 7:00 AM
In a surprise move, the U.S. Treasury announced on Tuesday that it has
hired investment bank Morgan Stanley to conduct a review of
Fannie Mae and F...
Wed, Aug 6 2008, 7:00 AM
Weekly mortgage applications in the United States
rebounded in the week ending Aug. 1, according to data released from the
Mortgage Bankers Associ...
Wed, Aug 6 2008, 7:00 AM
Freddie Mac released its second quarter 2008
financial statements on Wednesday revealing some staggering losses.
The nation's second largest mort...
Wed, Aug 6 2008, 7:00 AM
The Canadian Ivey PMI and international reserves top the economic news
for the region as Americans brace themselves for a ten-year Treasury
auction ...
Wed, Aug 6 2008, 7:00 AM
The consensus forecast is expecting Thursday's pending home
sales index (PHSI) from the National Association of Realtors to
fall by 1.0% in June, ...
Tue, Aug 5 2008, 7:00 AM
The Institute for Supply Management's non-manufacturing index for the
United States will be the main morning economic release, however that
will be ...
Tue, Aug 5 2008, 7:00 AM
Former senior executive Vice President and Chief Operating Officer of
TowneBank, Elizabeth Duke, was sworn in as governor of
the U.S. Federal Rese...
Tue, Aug 5 2008, 7:00 AM
The Federal Reserve announced Tuesday that it would
hold the Fed funds target rate at 2.00%, as was widely expected. The
accompanying statement wa...
Tue, Aug 5 2008, 7:00 AM
Retail sales advanced by their biggest margin so far
this year, advancing 2.9% on a year-over-year basis in the week ending
Aug. 2, according to a ...
Tue, Aug 5 2008, 7:00 AM
Economists say the statement to accompany the FOMC's rate
decision on Tuesday will continue to strike a neutral balance
between the Fed's dual man...
Mon, Aug 4 2008, 7:00 AM
According to a report from Challenger, Gray & Christmas,
planned job cuts rose by 21,557 in July to 103,312, but
that figure is still up 140.8% co...
Mon, Aug 4 2008, 7:00 AM
Economists say the personal income and spending
report from the U.S. Department of Commerce posted higher-than-
anticipated results for June due to...
Mon, Aug 4 2008, 7:00 AM
The Federal Open Market Committee (FOMC) is once
again expected to leave rates where they are as it continues to assess
the extent of recent signs...
Fri, Aug 1 2008, 7:00 AM
The U.S. Employment Report for July's nonfarm payrolls was a
"marginal surprise" and weakness in the labour market
could keep the Fed on hold for ...
Fri, Aug 1 2008, 7:00 AM
The Housing Assistance Act of 2008 , finally passed by
both houses of Congress and signed into law by President Bush this week,
contains some not-to...
Fri, Aug 1 2008, 7:00 AM
U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bur...
Thu, Jul 31 2008, 7:00 AM
The advance U.S. GDP report came in lower than
expected for the second quarter of 2008, rising by 1.9% against
expectations of 2.3% growth, accord...
Thu, Jul 31 2008, 7:00 AM
Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the...
Thu, Jul 31 2008, 7:00 AM
Zimbabwe is the latest example of what happens when inflation spirals
out of control to the point of hyperinflation. With the highest rate of
inflat...
Thu, Jul 31 2008, 7:00 AM
In an interview on CNBC, Former Federal Chairman Alan
Greenspan warned that if the Federal Reserve is given a role to
oversee the financial system...
Thu, Jul 31 2008, 7:00 AM
The ISM-Chicago business barometer bounced into
growth mode in July following five months of slowdown. The growth was led
by advances in productio...
