NEW YORK — Existing home sales soared in April as home buyers scrambled to claim the tax credit that expired at the end of the month, according to a real estate industry report released Monday.
The National Association of Realtors reported that existing home sales jumped 7.6% last month to a seasonally adjusted annual rate of [...]
Archive for the ‘real estate’ Category
Existing home sales soar in April
May 24th, 2010 by HardMoney Writer
Tags: economic recovery, economy, financial market, home buyers, home sales, interest rates, investors, stock market, tax credit, US Economy
more...US Stocks Plunge As Fears Over Europe Escalate
May 4th, 2010 by HardMoney Writer
The U.S. stock market plunged on Tuesday as investors’ fears ramped up that Greece’s financial problems could spread beyond its borders.
The Dow Jones Industrial Average slid 156 points, or 1.4%, to 10996 in early trading, erasing all of Monday’s 143-point rise and sending the Dow below its key 11000 level.
The measure’s most economically sensitive components, [...]
Tags: commerce department, Dow Jones Industrial, economic recovery, european union, eurozone economy, financial, investors, stock market, wall street
Stocks on the rise
April 5th, 2010 by HardMoney Writer
Stocks rallied Monday as investors returning from the long weekend welcomed last week’s jobs report and the strong launch of Apple’s iPad tablet computer.
The Dow Jones industrial average (INDU) added 33 points or 0.3% after ending the previous session at a new 18-month high. The S&P 500 index (SPX) gained 5 points or 0.4% and [...]
Tags: broker, economy, financial, news, US Economy
Manufacturing execs more upbeat on recovery
March 30th, 2010 by HardMoney Writer
U.S. manufacturing executives have a brighter outlook on the economic recovery than do their colleagues in the European Union or the service sector, according to a study released on Tuesday.
But that new confidence does not signal a pickup in hiring, with less than half of U.S. manufacturing officials expecting to boost their companies’ employment, the [...]
Tags: business activity, economy recovery, european union, united technologies, us manufacturing
China economy to grow 12 percent in Q1
March 29th, 2010 by HardMoney Writer
China’s annual economic growth will reach 12 percent this quarter, a government researcher said in remarks published on Monday, as economists ratchet up growth forecasts following strong industrial output growth last month.
Yu Bin, head of macroeconomic research at the State Council Development Research Center, said the Chinese economy would face relatively heavy downward pressure on [...]
Tags: china economy, economic growth, financial crisis, shanghai securities
Economic growth revised slightly lower in Q4
March 26th, 2010 by HardMoney Writer
The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the prior quarter, government data showed on Friday.
Analysts said while the report was evidence the economy emerged from recession in the second half of 2009, the underlying growth pace was not robust enough [...]
Tags: economic growth, financial services, recession, stocks rose, unemployment
UK industry group sees 2010 growth as sluggish
March 22nd, 2010 by HardMoney Writer
Economic recovery in Britain will be sluggish through the middle of next year as lending remains tight and both the government and the private sector look to pay off debt, the Confederation of British Industry forecast Monday.
The influential business group said the economy will remain fragile as stimulus measures including a temporary sales tax cut [...]
Tags: economic adviser, economy recovery, private sector, uk consumer, uk industry
Fed weighs how and when to signal higher rates
March 16th, 2010 by HardMoney Writer
Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.
A rate hike isn’t imminent. But at their meeting, which started Tuesday morning, Federal Reserve Chairman Ben Bernanke and his colleagues will likely focus on how to telegraph that higher rates are coming [...]
Tags: borrowers, economic recovery, fed, Federal Reserve, interest rates, investors
US industrial output stutters amid winter storms
March 15th, 2010 by HardMoney Writer
US industrial production inched up 0.1 percent in February, grinding to a near-halt amid severe snow storms that crippled large parts of the East Coast, Federal Reserve data showed Monday.
The small rise in industrial output came after a revised 0.9 percent January increase, up 0.2 percentage points from the initial reading, and was better than [...]
Tags: economic recovery, fed, Federal Reserve, recession, us industrial
Retail sales unexpectedly rise 0.3 percent
March 12th, 2010 by HardMoney Writer
Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
The Commerce Department said total retail sales rose 0.3 percent as consumers bought an array of goods from [...]
Tags: commerce department, economic recovery, unemployment, us retailers
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