good news | WOPULAR

California's unemployment rate dips in September

California's unemployment rate dipped below 12% in September, and nearly 12,000 new jobs were created.

Add new comment

Jobless claims fall, 4-week average at 6-month low

New claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.

Senh: We'll see if this holds up in the coming weeks.

Social security recipients getting 3.6% raise

Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009.

Home building jumps 15 percent in September

Homes were built in September at the fastest pace in 17 months, a hopeful sign for the struggling housing market.

Senh: Sure, they built more homes, but who's buying?

DealBook: Bank of America Notches $6.2 Billion Profit

Bank of America reported a $6.2 billion profit for the third quarter as gains from assets sales and positive accounting changes outweighed weaker results in its trading business and continued losses in its huge mortgage portfolio.

Senh: It's good to see that our biggest banks are making profits, but most of it are, so far, coming from accounting gains.

Add new comment

DealBook: Banks Start to Make More Loans

Lending numbers suggest that while the economy remains fragile, the confidence of consumers and businesses may be more resilient than experts had believed.

Senh: I hope these bankers are right, and are not just touting these numbers for their own benefits. It's a chicken and egg problem. If bankers start to open up their pockets and give out loans recklessly, then it won't help us in the long run. The only exception is maybe they shouldn't penalty customers who foreclosed their underwater homes. If this is their only blemish, then the banks should just ovwrlook it. I think doing this slowly and cautiously is the way to go - like they're doing now. Slow and steady.

Add new comment

Retail sales rose strongly in September on autos

U.S. consumers spent more on autos, clothing and furniture in September to boost retail sales by the most in seven months.

Jobless claims dip 1,000 last week

New claims for unemployment benefits edged down last week, according to a government report on Thursday that pointed to a modest improvement in the labor market at the start of the fourth quarter.

Optimism about European crisis sends stocks surging

Stock prices around the world rose on Monday after European leaders signaled a willingness to tackle the financial crisis brewing there.

Netflix kills plan to split off DVD rentals

Netflix is abandoning its widely panned decision to separate its DVD-by-mail and Internet streaming services because it would make them more difficult to use.

Senh: Props to Reed Hastings for listening to his users and reversing the two site decision. It takes guts to admit that you're wrong to the world. Together, DVD plus streaming, makes Netflix a much better proposition. They're also the only company that's able to do this. It differiates them from the competition.

Add new comment

Good News | featured news

Good News Topics