Sales of new U.S. houses rose 3.3% to an annual rate of 343,000 in April, the Commerce Department said Wednesday. Economists surveyed by MarketWatch expected new home sales last month to total 330,000 on a seasonally adjusted basis. In March, the sales rate was revised up to 332,000 from an original…
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New-home sales in U.S. rise 3.3% in April
Australia Tops OECD Better Life Index, Leading Norway and U.S.
Australia is the worlds happiest nation based on criteria including income, jobs, housing and health, the Organization for Economic Cooperation and Development said.
Australia led Norway and the U.S., the Paris-based groups Better Life Index showed, when each of 11 categories surveyed in 36 na…
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How Facebook could destroy the U.S. economy
Facebook just joined a troubled club, warns the Economist. Now its just another endangered public company.
Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 the past decade. Meanwhile, the smart CEO…
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How Facebook could destroy the U.S. economy
Facebook just joined a troubled club, warns the Economist. Now its just another endangered public company.
Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 the past decade. Meanwhile, the smart CEO…
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Firestorm Facing U.S.?
Former Council of Economic Advisers chairman Martin Feldstein shares perspective on whether the fiscal cliff could happen. “Depending on the outcome of the election and six months of time, there is a good chance the [Super Committee] could find a compromise [for the fiscal cliff],” Feldstein says.
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Firestorm Facing U.S.?
Former Council of Economic Advisers chairman Martin Feldstein shares perspective on whether the fiscal cliff could happen. “Depending on the outcome of the election and six months of time, there is a good chance the [Super Committee] could find a compromise [for the fiscal cliff],” Feldstein says.
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Sales of U.S. Existing Homes Rise for First Time in Three Months
Sales of existing U.S homes rose in April for the first time in three months, indicating the industry is stabilizing.
Purchases of previously owned houses, tabulated when a contract closes, increased 3.4 percent to a 4.62 million annual rate, figures from the National Association of Realtors sho…
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End of Extended Benefits May Lower U.S. Jobless Rate
The declining U.S. jobless rate may soon get another push downward as Americans lose extended unemployment benefits.
…
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Fed Proves More Bullish Than Wall Street Forecasting U.S. Growth
Stephen Stanley, chief economist at Pierpont Securities LLC, has derided the Federal Reserve for downplaying improvement in the U.S. economy. Yet his 2.6 percent forecast for growth this year is below the midpoint in the central banks projection of 2.4 percent to 2.9 percent.
Stanleys not alon…
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Manufacturing, Housing Probably Improved: U.S. Economy Preview
Manufacturers probably received more orders in April and home sales rose, a sign the U.S. expansion is still on track, economists said before reports this week.
Factory bookings for long-lasting goods rose 0.3 percent last month after falling 3.9 percent in March, according to the median forecas…
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