Gold hits new record high for third consecutive day!
LONDON, England - October 8, 2009 - Gold hit new record highs for a third day on Thursday, as funds moved in and the dollar weakened further.
Inventories at U.S. wholesalers fall for 12th straight month!
NEW YORK - October 8, 2009 - Inventories at U.S. wholesalers dropped in August for a 12th consecutive month, clearing the way for a pickup in orders as sales improve.
The demise of the dollar!
LONDON, England - October 6, 2009 - In the most profound financial change in recent Middle East history, Gulf Arabs - along with China, Russia, Japan and France - are planning to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
Apartment glut expands!
NEW YORK - October 6, 2009 - Apartment vacancies hit their highest point since 1986, surging in cities from Raleigh, North Carolina to Tacoma, Washington, as rising unemployment continued to chip away at demand during the traditionally strong summer rental months.
More businesses expected to fail!
NEW YORK - October 5, 2009 - Bankruptcy professionals have a grim view on the U.S. corporate recovery, despite a recent rise in stocks and an uptick in business deals.
AMBROSE EVANS-PRITCHARD: Banks brace for Latvia's collapse!
The Baltic states are once again in the eye of the storm after leaked reports that Sweden is bracing for a full-blown economic and political "breakdown" in Latvia.
By Ambrose Evans-Pritchard, International Business Editor
LONDON, England - October 5, 2009 - The Svenska Dagbladet newspaper said Sweden's finance minister, Anders Borg, had told banks secretly that Latvia's political order was unravelling, advising them to prepare for the collapse of Latvia's rescue talks.
By Ambrose Evans-Pritchard, International Business Editor
LONDON, England - October 5, 2009 - The Svenska Dagbladet newspaper said Sweden's finance minister, Anders Borg, had told banks secretly that Latvia's political order was unravelling, advising them to prepare for the collapse of Latvia's rescue talks.
Bank failure tally approaches century mark!
NEW YORK - October 5, 2009 - Three regional banks were closed by regulators on Friday evening, bringing the 2009 tally to 98.
Warren Bank, based in Warren, Michigan, Jennings State Bank in Spring Grove, Minnesota, and Southern Colorado National Bank, Pueblo, Colorado were the latest to go down.
Warren Bank, based in Warren, Michigan, Jennings State Bank in Spring Grove, Minnesota, and Southern Colorado National Bank, Pueblo, Colorado were the latest to go down.
More Articles ...
- New jobless claims rise more than expected!
- State prepares for shutdown as budget deadline looms!
- Consumer confidence unexpectedly falls!
- U.S. income gap widens as poor take hit in Depression!
- Japan deflation deepens!
- AMBROSE EVANS-PRITCHARD: Merkel warns on spending cuts, fearing Depression era!
- U.S. may collapse if China and Japan don't buy debt!
- Job losses and early retirements hit Social Security!
- AMBROSE EVANS-PRITCHARD: Money figures show there's trouble ahead!
- Simmons plans to file for bankruptcy protection!
- Luxury hotels risk loan defaults!
- Citigroup considers shrinking branch network!
- AMBROSE EVANS-PRITCHARD: Spain tips into Depression!
- Teens lack jobs despite federal stimulus money!
- Depression could stall growth for seven years!
- Commercial real estate is next bubble to burst!
- FDIC may look to U.S. banks for funds!
- Iran replaces U.S. dollar with euro in foreign exchange!
- 42 states lose jobs in August!
- Kalifornia and Nevada hit record unemployment levels!
- Incomes of young people in nosedive!
- Big companies that are veering toward bankruptcy!
- Officials warn option mortgages about to explode!
- 86 percent of Amerikans believe Depression continues!
- Blockbuster more than doubles planned store closures!
- Projections suggest 200-300 more bank failures this year!
- AMBROSE EVANS-PRITCHARD: U.S. credit shrinks at Great Depression rate!
- U.S. foreclosure filings continue at record pace!
- Number of poor in U.S. climbs to 39.8 million!
- July trade deficit rises to $32 billion!
- Another wave of foreclosures looms!
- Gold jumps to 18-month high on weaker dollar!
- Post Office threat adds to U.S. property woes!
- Swiss topple U.S. as most competitive economy!
- China signals move away from U.S. dollar!
- UN conference calls for new global currency!
- U.S. banks lose collective 3.7 billion dollars in quarter!
- FDIC might sink into red by end of year!
- Ambrose Evans-Pritchard: Can the soufflé really rise again?
- Real U.S. unemployment rate at 16 percent!
- Senator warns of hyperinflation!
- State government to shut down for 12 days!
- Analyst predicts 150-200 more bank failures!
- Noted economist warns of double-dip Depression!
- Seized Texas bank sold to Spanish firm!
- Arizona's credit rating downgraded to negative!
- Frailty lingers in housing and producer price reports!
- Reader's Digest set to file for bankruptcy!
- Unemployment spike compounds foreclosure crisis!
- Tax bills put pressure on struggling homeowners!