You may want to read this as well: “The whole shipping market has crashed,” Mr Rodley said
Factory shipments plunge record 5.3%
Capital-equipment orders show biggest gain in a year
By Rex Nutting
Last Update: 1/6/2009 10:26:00 AM
WASHINGTON (MarketWatch) - Pushed lower by weak demand and falling prices,
shipments from U.S. factories plunged a record 5.3% in November, the Commerce
Department [...]
Stock futures pared declines after some of the economic data, including the Commerce Department’s report that U.S. consumer spending in September tallied its largest drop in four years.
Yeah - that makes perfect sense. Largest drop in four years…so the futures bounce off the lows!!! As usual…was not “abysmal” or “wasn’t worse than expected.”
Another [...]
About the last time a policy maker or similar made a negative comment on the economy or stock market.
September 1929
“There is no cause to worry. The high tide of prosperity will continue.” –- Andrew W. Mellon, Secretary of the Treasury.
October 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that [...]
Sector rises with broader market on economic news
By Benjamin Pimentel, MarketWatch
Last Update: 8/28/2008 9:54:00 AM
SAN FRANCISCO (MarketWatch) - Technology stocks stepped decisively into positive
territory early Thursday morning, boosted by positive economic news that also
pushed the broader market higher.
The Dow Jones Industrial Average (DJIA) was up 75 points in the opening minutes
of trading after the Commerce [...]
WASHINGTON (MarketWatch) — Boosted by stimulus checks from Uncle Sam and big drop in imports, real growth in the U.S. economy accelerated in the second quarter to a 1.9% annual rate, the Commerce Department reported Thursday. Consumer spending was supported by the largest increase in disposable personal income in six years, thanks largely to about [...]
Major business events and economic events scheduled for Tuesday:
WASHINGTON — Commerce Department reports on housing starts for May and on current account, first quarter, 8:30 a.m.
WASHINGTON — Labor Department reports on producer price index for May, 8:30 a.m.
WASHINGTON — Federal Reserve reports on industrial production for May, 9:15 a.m.
NEW YORK — Goldman Sachs Group Inc. [...]
NEW YORK (AP) — Wall Street is sharply lower after more news of weakness in the housing sector and executive shake-ups at two major banks.
The Commerce Department said construction spending fell in April because of the housing slump. That was offset somewhat by strength in other construction outlays.
Meanwhile, investors were reminded of the ongoing problems [...]
On Tuesday, the Commerce Department releases its April data on new home sales, expected to show a decline from March sales, according to economists surveyed Friday by Thomson Financial/IFR. Also Tuesday, the Conference Board’s consumer confidence index for May is anticipated to edge lower, too.
Wednesday, the Commerce Department reports on orders for durable goods, which [...]
NEW YORK (Dow Jones)–U.S. stock futures pointed to a lower opening for equities
Friday morning, weighed down by the continued surge in oil prices and a $7.8
billion loss for American International Group.
Shares of AIG were off 8.2% to $40.50 in premarket trading after the insurance
giant announced plans to raise $12.5 billion in capital. AIG posted its
second-consecutive [...]
“This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think,” Buffett said. “This will not be short and shallow.
“I think consumers are feeling gas and food prices,” he added, “and not feeling they’ve got a lot of money for [...]
Monday, April 28
8:30 a.m.: The Rev. Dr. Jeremiah Wright speaks at the National Press Club breakfast.
10 a.m.: Housing vacancies for first quarter, at the Commerce Department.
3 p.m.: Quarterly borrowing requirements, at the Treasury Department.
Tuesday, April 29
10 a.m.: Hearing on foreign-drug inspections by the Food and Drug Administration, at the House Energy and Commerce Committee.
12 noon: [...]
Durable-goods orders fall for third straight month
Inventories rise 1.1% in March, signaling soft demand
By Rex Nutting, MarketWatch
Last Update: 9:14 AM ET Apr 24, 2008
WASHINGTON (MarketWatch) — Hurt by a strike in the auto industry, orders for
U.S.-built durable goods slipped 0.3% in March compared to February, marking the
third monthly decline in a row, the Commerce Department [...]
WASHINGTON (MarketWatch) - New construction of U.S. houses plunged to the lowest level in 17 years in March, the Commerce Department estimated Wednesday. Starts fell 11.9% in March to a seasonally adjusted 947,000 annualized units weaker than the 988,000 pace expected by economists surveyed by MarketWatch. This is the lowest level of starts since March [...]
Wall Street Will Study Federal Data This Week on Trade Deficit and Retail Sales NEW YORK (AP) — Investors will get a few snapshots of the economy’s health this week when they return from their Fourth of July vacations and prepare for earnings season.Wall Street is hoping for signs that the economy is on the [...]
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