Beige Book News
US Economy Grows a Bit Faster in September, Fed Says
U.S. economic growth accelerated slightly as summer ended and fall began, supported by modest hiring, an uptick in consumer spending, and steady homebuilding, according to the Federal Reserve
Trade Deficit Up in April
Morning Money Memo … ABC News’ John Kapetaneas reports: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the U.S. trade deficit rose by $3 billion in April. The government announced total April exports of...
Recent College Grads Say Future Looks Bleak
The future looks bleak for many young people who’ve entered the workforce since 2006. A new survey of high school graduates from the John J. Heldrich Center for Workforce Development at Rutgers University finds only 3 in 10 are employed full time, compared with all...
Mortgage Rates Hit New Record Lows
The average rate for a 15-year fixed-rate mortgage hit a record low of 3.88 percent for the week ending April 12, according to Freddie Mac. The rate fell .10 percent from the previous week and is .01 percent below the previous 30-year mortgage rate of...
Morning Business Memo
More debt anxiety in Europe as financial ministers meet in Brussels, but fail to agree on shock therapy to limit the damage of the region’s financial crisis. European bond rates rose again this morning. Eurozone officials discussed proposals to impose greater financial discipline on member...
Markets Look to Rebound After Recent Dip
Stocks took a dive last week with investors reacting to a series of disappointing economic indicators show. How market set to open the new week here with a look at business some of the day's other business news Bloomberg reporter Ellen Good morning Alan it's good to see so how shocked at how our
First Monday: What's new in June
Calendar June 8: Federal Reserve releases its beige book survey of economic conditions around the country. June 16: BlackBerry maker Research In Motion, facing intensifying competition from Apple and Google, announces quarterly earnings. June 20-26: Aerospace companies display their products at the
Portugal's Debt Problem
Successful stock auction bond eases concerns over potential European bailout.