Mortgage rates moved above 5% last week and many economists expect the number to rise above 6% by the end of the year. "It certainly will make it harder for ... Read Full Story »
Consumer borrowing dropped in February by 5.6% to an annual rate of $2.45 trillion, according to the Federal Reserve. Revolving credit, a good proxy for credit card debt, dropped by 13.1%. ... Read Full Story »
In an age in which government spending is measured in hundreds of billions of dollars, the potential shortfall in California pension plans is shocking. A new study from the Stanford ... Read Full Story »
The recession and unemployment across the world must have been cured. How else could China's factories push out more and more products every month as concerns about its economy overheating ... Read Full Story »
The acquisition by Schlumberger Ltd. (SLB) of competitor Smith International Inc. (SII) for $11 billion could be another sign that mergers and acquisitions in the energy sector will pick ... Read Full Story »
These are ten of the top research calls with upgrades and downgrades from Wall Street analysts this Friday morning: Amerisafe (AMSF) Raised to Outperform at Oppenheimer. Applied Micro Circuits (AMCC) ... Read Full Story »
Most of the focus of the recession has been on the US and China. It makes sense to try to examine economic activity in the world’s largest consuming economy and ... Read Full Story »
Goodrich Petroleum Corporation (NYSE: GDP) has announced that it has commenced an underwritten public secondary offering of 3 million shares of its common stock. J.P. Morgan Securities Inc. is ... Read Full Story »
Today we got our first look at Q4 2007 GDP, and this is the preliminary data that will see two revisions ahead. Q4 GDP just came in at +0.6%. Most ... Read Full Story »