All Posts Tagged With: "US Jobless Rate"

Dollar Flat Amid Dreadful Data

In the currency market, the dollar was little changed vs. the euro. Late Friday, the euro was trading at $1.4231 vs. $1.4236 on Thursday.

Dollar Continues to Squash Euro

In the currency market, the dollar’s assault on the euro continued. Late Thursday, the euro was trading at $1.4326 vs. $1.4508 on Wednesday. What’s happening seems less a rally on the part of the buck as it is a complete deterioration of the common currency.

Weak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin

The U.S. markets took a beating yesterday (Thursday) as retail sales sputtered and jobless claims surged.  At the New York close, the blue-chip Dow Jones Industrial Average Index had posted a loss of 344.65 points (-2.99%), to trade at 11,188.23. The tech-laden Nasdaq Composite Index dropped 74.69 points (-3.20%), to reach 2,259.04. And the broader Standard & Poor’s 500 Index lost 38.16 points (-2.99%), to settle at 1,236.82.

Quiet Profits Could Drive a Bull

Financial news on the economy speeds toward us with black and white sureness. No subtleties, no grays or maybes come with the sharp, short announcements in the popular press: initial unemployment claims rose precisely so much last week. Producer prices fell exactly a certain percent last quarter.

Holiday Shortened Week Highlighted by Employment Report

Before I get to this weeks calendar, I wanted to look back at some reports that came out last week because there were some surprising numbers. Perhaps the biggest surprise came from the Durable Goods Orders report from last Wednesday which showed an increase of 1.3 percent when the market expected zero growth.

Global Investing Roundups Friday, August 29th, 2008

Lukoil Counts on Artic Find; Gourmet-Cookware Seller Burned by 2Q Results; FGIC Prolongs the Inevitable; Diageo’s Strong Sales; Lehman Bros. Plans Layoffs; Toyota’s 10 Million Goal Just Out of Reach

Global Investing Roundups Friday, August 22nd, 2008

GM Pins Hopes on Cruze; GameStop’s Worried Outlook; New Car-Parts Leader; U.K.’s Retail Sale Surprise; Oil Bounces Back; Is Lehman a Takeover Target?; Jobless Claims on Decline; BK Has Its Way

Soaring Consumer Prices and Mounting Foreclosures Threaten 2008 Economic Growth

Consumer prices rose sharply in July even as home foreclosures spiked, making it increasingly likely the economy will stall in the year’s last half under the weight of soaring unemployment, declining home values and accelerating inflation.

Retail Sales Down as Unemployment Rises and Home Values Decline

Retail sales fell 0.1% in July, as home values declined, unemployment rose, and consumers cut back on big-ticket spending. The decline was the first drop in five months and followed a 0.3% up-tick in June, the Commerce Department reported yesterday (Wednesday). Sales at dealerships and parts stores were at the forefront of losses dropping 2.4%. Excluding automobiles, retail sales rose 0.4%.

Global Investing Roundups: Tuesday, August 12th, 2008

Best Buy Goes Kiosk; Strike Averted at Verizon; Pilgrim’s Pride Shutdown; JDA Doubles Up; Japan’s Stimulus; Oil Hits New Three-Month Low; Waste Management Raises Bid; UPS in Talks with Competitor.

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