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New Models Help September Sales for Automakers

New Models Help September Sales for Automakers

While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the economic recovery.

 

Consumer sentiment weak as growth slows

Consumer sentiment improved a bit in late September but remained weak as a mixed bag of economic reports added up to a picture of sluggish growth.

 

US economic growth is revised up

US economic growth is revised up

The US economy grew at an annualised rate of 1.7% between April and June, figures show, up from a previous estimate of 1.6%.

Senh: It's just a 0.1% increase, but we'll take whatever good news we get.

 

Stocks Jump on Durable Goods Report

Stocks Jump on Durable Goods Report

Traders were encouraged that orders for manufactured goods excluding the volatile transportation sector rose sharply last month.

 

Home sales up 7.6% in August

Sales of U.S. homes rose 7.6% in August -- recovering from their steep descent in July, when the end of a popular government stimulus program drove sales to their lowest levels in more than a decade.

 

Weekly jobless claims hit two-month low

Claims for unemployment benefits unexpectedly fell last week, dropping to a two-month low, according a government report on Thursday that hinted at some stability in the labor market.

 

Florida pastor calls off Quran burning

Florida pastor calls off Quran burning

Plans by a Florida church to burn copies of the Quran have been called off, the pastor said Friday, apparently seeking to end confusion over what he intends to do.

Senh: Good. At least he's came to senses. Thanks for distracting the nation with this stunt and taking Barack Obama's focus off the economy. Now go do your reality show and write your book.

 

Jobless claims drop 27,000 last week

New claims for unemployment benefits fell more than expected last week to their lowest level in two months, a hopeful sign for the troubled labor market.

 

Exports Lift Agriculture, Bright Spot in Economy

Export growth is propelled by higher prices for many products, including wheat, whose prices have skyrocketed as drought and heat struck Russia.

 

Home prices rise in June, but a drop may be looming

The Standard & Poor's/Case-Shiller index shows a modest 1% gain over May figures, with prices in Los Angeles, San Diego and San Francisco increasing.

 

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