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Monster U.S. online jobs index rises in April
Reuters - An online gauge of U.S. labor demand
rose in April, reflecting more job offerings in the
accommodation and food services industry from heavy seasonal
hiring, a private research group said on Thursday.
Country braces for more bad news on jobs
AP - The country is bracing for more bad news on the jobs front.
Buffett says economy is in recession
Reuters - Warren Buffett, the world's
richest person, said on Sunday the U.S. economy is in
recession, 'as I define it.'
United Airlines may ask for credit revision: report
Reuters - UAL's United Airlines is
mulling asking its banks to rejig the terms of its credit
facility in an effort to get crucial financial flexibility, the
Financial Times reported on Monday.
Homebuilders: Waiting for the Thaw
BusinessWeek Online - With home prices continuing to drop and the pace of home sales slowing further, nobody has been looking for encouraging results from homebuilders.
Worst of financial crisis is past: Paulson
AFP - The credit crisis that has scorched international financial markets is on the wane but more shocks are ahead, US Secretary Treasury Henry Paulson told the Wall Street Journal in an interview published on Wednesday.
Jobless claims fall 18,000 in latest week
Reuters - The number of U.S. workers filing
claims for initial jobless benefits fell more than expected
last week, according to a report on Thursday that suggested the
labor market, while soft, was not deteriorating rapidly.
March trade deficit drops by bigger-than-expected amount
AP - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
Federal government surplus for April shrinks
AP - The federal government ran a budget surplus of $159.3 billion in April, smaller than a year ago.
Tax rebates headed for the pump, grocer: survey
Reuters - Consumers will use much of their tax
rebate money to pay for increasingly expensive gas and
groceries, rather than spend it on electronics or clothes, said
the most recent survey by the National Retail Federation.
April foreclosures rise 65 percent on year: RealtyTrac
Reuters - U.S. home foreclosure filings in April
edged up from March and were a whopping 65 percent higher than
a year earlier, real estate data firm RealtyTrac said on
Wednesday.
Oil prices drop below $124 a barrel in Asia
AP - Oil prices dropped below $124 a barrel Thursday in Asia after the U.S. government issued a mixed report on the country's petroleum reserves.
UN: World economy to grow by 1.8 percent in 2008
AP - The world economy is 'teetering on the brink' of a severe downturn and is expected to grow only 1.8 percent in 2008, the United Nations said in its mid-year economic projections Thursday.
Is the recession off? Housing holds key
Reuters - Stock markets are up sharply since
March. The recent batch of economic data has not looked as dire
as feared. The U.S. Federal Reserve is finding fewer takers for
its loan auctions. A fine-art sale drew a record $86 million
price for a Francis Bacon painting.
Forecasters see weak economy, higher unemployment
AP - First the good news: The worst of the painful housing slump and the credit crunch might come to an end this year. Now the bad: The economy will weaken further and unemployment will rise.
Wholesale inflation slows in April after March increase
AP - Inflation at the wholesale level slowed in April following a huge increase in March although prices for a number of items from prescription drugs to pasta shot upward.
As gas prices rise, so does cost of small used cars
AP - The beige 2003 Honda Civic sat on Mike Haile's used car lot in Atlanta for only three days before he sold it for $8,200. And that was $300 more than the asking price.
Jobless claims unexpectedly fall in latest week
Reuters - The number of U.S. workers filing
initial claims for jobless benefits unexpectedly fell 9,000
last week, the government said on Thursday, while the overall
number of workers on the benefit rolls held at a four-year
high.
US home sales decline in April, but better than expected
AFP - Sales of existing US homes, the largest segment of the housing market, fell one percent in April from March, a real-estate industry group said Friday, citing tighter lending practices.
Buffett sees "long, deep" U.S. recession
Reuters - The United States is already in a
recession and it will be longer as well as deeper than many
people expect, U.S. investor Warren Buffett said in an
interview published in German magazine Der Spiegel on Saturday.
High gas prices give boost to small town bus plant
AP - Soaring fuel prices are proving to be a pain for most people in the country, but they may have helped save the jobs of hundreds of workers in North Dakota's oldest town.
US recession still probable: Greenspan
AFP - A recession in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published Tuesday.
Home prices fell at record pace in first quarter: S&P
Reuters - Prices of U.S. single-family homes
plunged a record 14.1 percent in the first quarter from a year
earlier, marking a pace five times faster than the last housing
recession, according to the Standard & Poor's/Case Shiller
national home price index reported on Tuesday.
Easy policy behind global inflation: Taylor
Reuters - Inflation is rising globally because of
an easy monetary policy, especially in the United States,
leading economist and former U.S. Under Secretary of Treasury
for International Affairs John Taylor said on Wednesday.
Dollar rises against yen
AP - The dollar rose against the yen Thursday in Asia as investors took heart from better-than-expected U.S. durable goods orders.
New York City economy expands in May: NAPM-NY
Reuters - Business activity in New York City
grew in May for the first time in four months, helped in part
by easing worry over credit conditions, according to an
industry report released on Friday.
High gas prices hit consumers worldwide
AP - Feeling woozy about the fortune you've just pumped into your gas tank? Drivers around the world share the sensation.
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