Fri, Jul 11 2008, 7:00 AM
The preliminary consumer sentiment survey from
Reuters and the University of Michigan rebounded for the first time since
January, reaching a score...
Fri, Jul 11 2008, 7:00 AM
The U.S. monthly trade deficit unexpectedly shrank in
May to -$59.8 billion, with April's deficit figure downwardly revised to -
$60.5 billion from...
Fri, Jul 11 2008, 7:00 AM
Releasing a statement on Friday, U.S. Treasury Secretary Henry Paulson
said that the focus was to back Fannie Mae and Freddie Mac "in their
current ...
Thu, Jul 10 2008, 7:00 AM
Testifying before the House Committee on Financial Service, Federal
Reserve Chairman Ben Bernanke called for the consolidated
supervision of invest...
Thu, Jul 10 2008, 7:00 AM
According to Realtytrac's most recent survey,
foreclosures in the United States are down 3.0% in June
compared to the previous month's levels, but...
Thu, Jul 10 2008, 7:00 AM
The U.S. officials may need to bail out the two government-sponsored
enterprises responsible for insuring mortgages, a former Federal Reserve
presid...
Thu, Jul 10 2008, 7:00 AM
Testifying before the House Committee on Financial Services, Treasury
Secretary Henry Paulson said financial firms must be allowed to
fail .
"I...
Thu, Jul 10 2008, 7:00 AM
Financial news outlet CNBC was reporting early Thursday that
Freddie Mac and Fannie Mae , the two
corporations around which much of housing recov...
Thu, Jul 10 2008, 7:00 AM
Initial claims for unemployment benefits in the
United States fell to 346k in the week ending July 5, following an
unrevised 404k in the previous w...
Thu, Jul 10 2008, 7:00 AM
The release of U.S. jobless claims and comments from Fed's Yellen (non-
voter) will top the North American data releases. Markets will also be
paying...
Wed, Jul 9 2008, 7:00 AM
Weekly mortgage applications in the United States
moved higher in the week ending July 4, according to data released from
the Mortgage Bankers' As...
Wed, Jul 9 2008, 7:00 AM
Following a recent string of soft data, Fed fund futures traders
walked a fine line on Wednesday between preaching long-term patience on
the part of...
Wed, Jul 9 2008, 7:00 AM
Mortgage interest rates dropped slightly during the
week ended July 3 according to results of the Primary Mortgage Market
Survey released by Freddi...
Wed, Jul 9 2008, 7:00 AM
After announcing on Monday that it would shutter its mortgage lending
operations but continue business as a retail bank,
IndyMac was hit on Tuesda...
Wed, Jul 9 2008, 7:00 AM
Elevated food prices are caused by increased global demand that shows
no signs of letting up, and monetary policy should stop excluding
food prices...
Wed, Jul 9 2008, 7:00 AM
U.S. crude oil inventories will top the U.S. economic
data releases of the day along with Canadian building permits for June.
In Europe, markets w...
Tue, Jul 8 2008, 7:00 AM
Inflation has become the number one concern among
small business owners , according to the National
Federation of Independent Business Index of Sm...
Tue, Jul 8 2008, 7:00 AM
U.S. pending home sales resumed their decline in May,
falling 4.7% in the month after an upwardly revised 7.1% bounce in April,
according to the N...
Tue, Jul 8 2008, 7:00 AM
IndyMac has announced that, effective yesterday, it
is closing both its wholesale and retail production channel and will no
longer accept any new m...
Tue, Jul 8 2008, 7:00 AM
Federal Reserve Chairman en Bernanke said the Federal Reserve may
extend Wall Street's access to lending until 2009 .
Speaking at the FDIC's for...
Tue, Jul 8 2008, 7:00 AM
The 4.7% decline in U.S. pending home sales in May shows that the
previous month's gain was not a true sign of
stabilization , economists said afte...
Tue, Jul 8 2008, 7:00 AM
Richmond Fed President Jeffrey Lacker (non-voter)
said economic growth should pick up next year and that withdrawing the
fiscal stimulus as growth...
Tue, Jul 8 2008, 7:00 AM
Shares of Freddie Mac and Fannie Mae
were looking a little better in early trading on Tuesday after investors
fled the two government sponsored ...
Tue, Jul 8 2008, 7:00 AM
U.S. wholesale inventories rose 0.8% month-over-month
in May, marginally above expectations for a 0.7% advance, while the
previous month's figure ...
Tue, Jul 8 2008, 7:00 AM
U.S. Treasury Secretary Henry Paulson said he is
pleased Freddie Mac and Fannie Mae are committed to raising more
capital this spring, calling r...
Mon, Jul 7 2008, 7:00 AM
With the second half of the year just beginning, economists are
questioning if the worst of the U.S. downturn is already over, or whether
uncertaint...
Mon, Jul 7 2008, 7:00 AM
The Securities and Exchange Commission and the
Federal Reserve agreed on an information-sharing pact on
Monday, which aims to better detect pote...
Mon, Jul 7 2008, 7:00 AM
This week will begin with a number of Federal Reserve
speakers and see the release of housing data in both Canada and
the U.S. on Wednesday. The...
Mon, Jul 7 2008, 7:00 AM
Federal Reserve Bank of San Francisco President Janet Yellen said
Monday market conditions "could get worse before they get better", but
that she ex...
Mon, Jul 7 2008, 7:00 AM
There are dozens of ways of plugging in to what is now the hottest
trend going, the movement toward energy efficient and sustainable living.
But her...
Mon, Jul 7 2008, 7:00 AM
High-profile speakers will take centre stage on Tuesday. Federal
Reserve Chairman Ben Bernanke is set to speak in
Arlington, Virginia at the Feder...
Thu, Jul 3 2008, 7:00 AM
Record high foreclosure rates in the second quarter
were reported in Los Angeles, Seattle, Miami and New York, according to a
report issued by Prop...
Thu, Jul 3 2008, 7:00 AM
U.S. nonfarm payrolls declined for the sixth straight
month, falling in line with expectations by a total of 62k jobs in June,
according to the Bu...
Wed, Jul 2 2008, 7:00 AM
Employment data from the United States and the
Department of Energy's weekly inventories report will highlight the North
American data on Wednesday...
Wed, Jul 2 2008, 7:00 AM
After last week's highly-anticipated Federal Reserve rate decision, in
which rates were expectedly left on hold, markets have shifted their
attentio...
Wed, Jul 2 2008, 7:00 AM
Economists appear to be unanimous in their calls for increased
downside risk to Thursday's BLS nonfarm payrolls report,
following a weaker-than-ex...
Wed, Jul 2 2008, 7:00 AM
Speaking at a conference in Israel, Federal Reserve board
Governor Frederic Mishkin said he currently sees an "upside
risk" to inflation expectati...
Wed, Jul 2 2008, 7:00 AM
Mortgage rates continued to set record 2008 levels
with long term rates moving up slightly during the week ended June 26,
and short term rates incr...
Tue, Jul 1 2008, 7:00 AM
According to a report from the U.S. Department of Commerce,
construction spending in the United States declined 0.4%
month-over-month in May. R...
Tue, Jul 1 2008, 7:00 AM
The U.S. manufacturing sector halted a four-month
trend of deterioration and rebounded into growth mode at 50.2 in June,
against expectations of a...
Tue, Jul 1 2008, 7:00 AM
Today's key economic release will be the ISM manufacturing index for
June where economists expect a drop to 48.5 from May's 49.6 reading.
Canadian m...
Tue, Jul 1 2008, 7:00 AM
Rumors were swirling about another major Wall Street player on Monday
as Lehman Brothers Holdings Inc. stock fell 11
percent.
The stock reached...
Tue, Jul 1 2008, 7:00 AM
Constructions loans for single and multi family
projects in the United States are incorrectly included in commercial real
estate delinquency report...
Tue, Jul 1 2008, 7:00 AM
Nearly 68,000 American homeowners with mortgage
insurance fell more than 60 days behind on their loans in May,
outnumbering the 40,687 people who ...
Tue, Jul 1 2008, 7:00 AM
CIT Group announced on Monday that it was selling
both its home lending business and its manufactured-
housing division.
The lending business w...
Mon, Jun 30 2008, 7:00 AM
The ISM-Chicago business barometer remained below 50 for the fifth
consecutive month in June, yet improved more than expected, coming in at
49.6, ag...
Mon, Jun 30 2008, 7:00 AM
Texas business activity declined further in June
according to the Dallas Fed's manufacturing report on Monday, whose
business activity index fell ...
Mon, Jun 30 2008, 7:00 AM
Canadian GDP and the ISM-Chicago Purchasing Manager's Index will
highlight the start of what is looking to be a busy shortened week on the
North Ame...
Mon, Jun 30 2008, 7:00 AM
Speaking to journalists en route to Berlin, Treasury Secretary
Henry Paulson said that his speech on July 2 will focus
on the Federal Reserve's ro...
Mon, Jun 30 2008, 7:00 AM
...He cites as examples appraisers, "fee hungry" mortgage brokers, and
real estate agents who participated in putting home buyers into subprime
mort...
