WASHINGTON – New signs emerged Wednesday that the economic rebound is sputtering. Sales of new homes hit a record low last month. And mortgage giant Freddie Mac signaled it will need more federal aid — and might never repay it.
Against that backdrop, the government is trying to prop up the housing and job markets. Federal [...]
Archive for February, 2010
Bernanke sees low rates amid signs of weak rebound
February 25th, 2010 
admin 
Posted in Business News 
Tags: Alabama, Bernanke, BMO Capital Markets, Economists, House Budget Committee 
No Comments »Forex – Yen extends gains against dollar, breaking below 91
February 23rd, 2010 admin Forex Pros – The yen extended its gains against the U.S. dollar on Tuesday, breaking below the 91 mark, after the Bank of Japan released the minutes of its January policy board meeting.
USD/JPY shed 0.3% to hit 90.88 during early European trade, a 3-day low. The pair was likely to find support at 90.14, last [...]
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Wall Street jumps as EU vows support for Greece
February 11th, 2010 admin NEW YORK (Reuters) – Stocks rose on Thursday as appetite for riskier assets returned after a pledge by European leaders to support debt-ridden Greece eased fears of a possible sovereign default.
Initially stocks had wavered in choppy trade due to a lack of specifics on the European Union’s proposals.
By midday Wall Street mounted a sharp advance [...]
AFPs’ hunger for stocks limits stock index IPSA’s upside – BCI
February 11th, 2010 admin Chile’s five private pension fund managers’ (AFPs) heightened exposure to stocks in January made them exceed their variable investment caps in the A, B and C multifunds, which limits the selective stock index IPSA’s upside potential, local brokerage BCI Corredores de Bolsa said in a research note.
AFPs continued to increase their exposure to local stocks [...]
Banks Offer Cash to Open Accounts, But Is It Worth It?
February 11th, 2010 admin Banks have been trying to attract new customers for years by offering gifts like appliances and iPods when opening up one account or another. Now more banks are offering sign-up, cash bonuses.“The $100 bill is the new toaster,” said Richard Barrington a consultant at MoneyRates.com, a financial education Web site.
Banks like Capital One [COF 35.57 [...]
Proposed Bank Rules Surprised Many Around the World
February 11th, 2010 admin The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
As you probably know, the rules are designed to limit risk-taking by banks. There are two main proposals: 1) prohibiting commercial banks from [...]
Traders Buy ‘Quality,’ Reject Rapid-Fire Roots
February 11th, 2010 admin With it strong earnings report Tuesday and a three percent dividend yield, Coca-Cola [KO 53.93 0.14 (+0.26%) ] signifies the kind of stock that even rapid-fire traders are turning to for refuge in this volatile market.
Pete Najarian, co-founder of OptionMonster.com, bobbed and weaved throughout the market’s monster run from the March 2009 lows, racking up [...]
Housing Crash Crushes Suburban Ideal
February 11th, 2010 admin As the nation’s home builders try to claw their way out of the biggest abyss in the sector’s history, the future landscape is beginning to look a bit different than they once thought.
All those “ex-urban” communities that were supposed to be the place to put shovels and money are falling victim to a changing demographic, [...]
Global Bank Tax Deal Near, UK’s Brown Says
February 11th, 2010 admin Leaders from the world’s top economies are close to agreeing on a global bank tax and a deal could be reached at a meeting of the Group of 20 nations later this year, according to British Prime Minister Gordon Brown.
The Financial Times newspaper reported on Thursday that Brown believes opinion has shifted decisively in favor [...]
