Personal Income Rises 0.5% in August
Sep 29, 12:46 AM ET |
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| Real DPI decreased 0.9% in August, compared with a decrease of 1.5% in July. |
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| Personal income increased $61.5 billion, or 0.5%, and disposable personal income decreased $93.3 billion, or 0.9%, in August, according to the Bureau of Economic Analysis. Personal consumption expenditures increased $3.9 billion, or less than 0.1%. |
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Gross Domestic Product Rises 2.8% in Q2
Sep 26, 9:00 AM ET |
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| In the first quarter, real GDP increased 0.9%. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 2.8% in the second quarter of 2008, according to final estimates released by the Bureau of Economic Analysis. |
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New Home Sales Decrease 11.5% in August
Sep 25, 10:15 AM ET |
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| The median sales price of new houses sold in August 2008 was $221,900; the average sales price was $263,900. |
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| Sales of new one-family houses in August 2008 were at a seasonally adjusted annual rate of 460,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.5% below the revised July rate of 520,000 and is 34.5% below the August 2007 estimate of 702,000. |
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Durable Goods Orders Decline 4.5% in August
Sep 25, 8:51 AM ET |
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| Unfilled orders for manufactured durable goods in August, up thirty of the last thirty-one months, increased $3.0 billion or 0.4% to $827.2 billion. |
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| New orders for manufactured durable goods in August decreased $9.9 billion or 4.5% to $208.5 billion, the U.S. Census Bureau announced today. This was the largest percent decrease in new orders since January 2008 and followed three consecutive monthly increases including a 0.8% July increase. Excluding transportation, new orders decreased 3%. Excluding defense, new orders decreased 5%. |
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Jobless Claims Rise by 32,000
Sep 25, 8:43 AM ET |
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| The advance unadjusted insured unemployment rate was 2.3% during the week ending Sept. 13, unchanged from the prior week. |
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| In the week ending Sept. 20, the advance figure for seasonally adjusted initial claims was 493,000, an increase of 32,000 from the previous week''''s revised figure of 461,000. It is estimated that the effects of Hurricane Gustav in Louisiana and the effects of Hurricane Ike in Texas added approximately 50,000 claims to the total. The 4-week moving average was 462,500, an increase of 16,000 from the previous week''''s revised average of 446,500. |
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Crude, Gasoline and Distillate Inventories Fall
Sep 24, 10:51 AM ET |
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| Distillate fuel inventories fell by 4.2 million barrels, and are in the lower half of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 1.5 million barrels from the previous week. At 290.2 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories decreased by 5.9 million barrels last week, and are below the lower boundary of the average range. Both finished gasoline inventories and gasoline blending components inventories decreased last week. |
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Existing Home Sales Decrease 2.2% in August
Sep 24, 10:17 AM ET |
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| The national median existing-home price for all housing types was $203,100 in August, down 9.5% from a year ago when the median was $224,400. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops –declined 2.2 percent to a seasonally adjusted annual rate1 of 4.91 million units in August from an upwardly revised pace of 5.02 million in July, but are 10.7 percent below the 5.50 million-unit pace in August 2007. |
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Fed, Australia, Scandinavia Add Liquidity
Sep 24, 9:33 AM ET |
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| Central banks continue to work together during this period of market stress and are prepared to take further steps as the need arises. |
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| The Federal Reserve, the Reserve Bank of Australia, the Danmarks Nationalbank, the Norges Bank, and the Sveriges Riksbank are announcing the establishment of temporary reciprocal currency arrangements to address elevated pressures in U.S. dollar short-term funding markets. These facilities, like those already in place with other central banks, are designed to improve liquidity conditions in global financial markets. |
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Bernanke Pushes Bailout
Sep 23, 11:47 AM ET |
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| The ultimate taxpayer protection will be the market stability provided as we remove the troubled assets from our financial system. |
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| Congress and the Administration came together quickly and effectively to enact a stimulus package that has helped hard-working Americans and boosted our economy. |
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SEC Chairman:Protecting Senior Investors
Sep 22, 12:55 AM ET |
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| The auction rate securities market seized up, leaving retail investors with long-term bonds that they couldn’t sell. |
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| There are several interesting and vital topics on the agenda for this Seniors Summit, including how investors and their firms can make contingency plans for the effects that aging sometimes has on our ability to make decisions — issues such as diminished capacity; fraud artists that specialize in victimizing seniors; and the special questions of what kind of investments are suitable for investors with immediate cash needs and short time horizons. |
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