Economy/Ecommerce
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending April 29, a number of factors have dragged down GDP growth, and government budgets are in the doldrums, but positive factors like inventory investment and exports helped counter the down notes.
Economy Watch: U.S. Economy Turns in Lackluster First Quarter
Real GDP increased minimally last quarter; hiring is scarce everywhere except McDonald’s; and pending home sales see an uptick.
Economy Watch: Bernanke Speaks, Sticks to Script
Chairman Bernanke held the Fed’s first-ever press conference on Wednesday; Moody’s is expecting the “toughest year so far” for state and local governments; and U.S. industrial production shows improvement.
Economy Watch: New Homes Sales Slightly Better than Terrible
New home sales inched back from the edge of abyss in March; Japan may be in for a recession this quarter; and the Fed prepares for its first press conference.
Economy Watch: Americans Grumpy about Economy, Federal Budget
Few Americans think the country is going in the right direction economically; Wal-Mart tries a grocery-delivery service; and Bank of America gets dismissed from an MBS lawsuit.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending April 22, Wall Street was spooked by Standard & Poor’s, but not for long, and the housing market showed a few faint signs of life.
Economy Watch: FHFA Sees Housing Price Decline
The FHFA House Price Index dropped more than expected; Conference Board indicators point to better U.S. business conditions; and the Obama administration goes after fraud in oil markets.
Economy Watch: Existing Home Sales See Uptick in March
Existing home sales were up unexpectedly; the Fed proposes new mortgage underwriting rules to make lending more stable and sane; and a couple of dysfunctional millionaires see their baseball team taken away.
Economy Watch: Housing Starts See Modest Rise in March
Housing starts experienced an unexpected uptick in March; unemployment dropped in two-thirds of U.S. states; and a jury finds Lee Farkas guilty of multiple counts of bank fraud.
Economy Watch: Ratings Agency Casts Cold Eye on U.S. Debt
Standard & Poor’s downgrades its rating of U.S. debt; homebuilder confidence slips even more; and a growing party in the Finnish government wants to cut off E.U. bailouts.