Stocks Rise For the Week On Economics & Deals The U.S. stock market reacted positively to economic news and technology prices rose sharply to end the week. The Dow Jones Industrial Average stayed above the 12,000 level which may have given some investors comfort to add to positions later in the week. New mergers and…
Fourth Quarter GDP 2010 Revised Upward to 3.1 Percent: The Consumer Is Making A Comeback? The U.S. economy is growing. The economy is improving and more positive data keeps coming in. The Commerce Department reported Friday, gross domestic product (GDP) grew. GDP grew at an annual rate of 3.1 percent for the October-December quarter. We…
The Federal Reserve Bank Chairman To Hold News Conferences: Will More Information Be Better Or Worse? The Federal Reserve Bank will be getting more press. Chairman Ben Bernanke announced today (Thursday March 24, 2011) the Federal Reserve Bank will begin holding press conferences this year to answer policy related questions. Chairman Ben Bernanke’s approach is…
Commerce Department: New home sales in February hit record lows. The Commerce Department said Wednesday that new home sales fell to record lows in February. Home prices fell to 2003 levels on average to 202,000 while home sales fell by the lowest level on record. The housing market has not rebounded yet and home sales…
The Fed To Pay Treasury Record Surplus: The Dollar & Libya Crisis Bring New Questions. How Long Will The Libyan Conflict Last? What is/should be the goal? The Federal Reserve made a record amount of money in 2010. The financial crisis may have been bad for the economy but the Fed made money. The Federal…
Markets Trade Higher On Certainty Of U.S. Engagement in Libya: Treasury Department To Sell $142 Billion In Bonds Some Questions About U.S./World Engagement In Libya Answered: U.S. equities traded higher today as market players had the weekend to get more information about news overseas. The Dow Jones was higher by triple digits in late trading…
Japan, Libya: Global Tumult in Week Causes Downward Fluctuations. Could excess volatility be warranted or are markets overreacting? The market continued to fall from the changes in global dynamics due to Japan’s earthquake and tsunami. Bahrain and Saudi Arabia worked together as the Middle East – North Africa crisis worsened. Libya gained more attention as…
UN Resolution 1973 Passes: U.S. and Allies Intervene in Libya – Economic Impact The U.S. along with allied forces struck targets in Libya today (March 19, 2011). The news occurred early Saturday and markets are closed in the U.S. The UN passed Resolution 1973 imposing a no fly-zone and other sanctions on Libya yesterday. How…
U.S. Government Shutdown Avoided: The 3 Week Extension & the Economy U.S. Avoids Federal Government Shutdown Once More With April 8 Extension – Economy Should Get Stronger: President Obama signed a temporary spending measure today (March 18, 2011) to keep the government from shutting down. The budget issue has more time to get resolved by…
