Mortgage Delinquencies Rising

Two of the main banking regulators, the OCC and the OTS, jointly released data on mortgage performance in the second quarter today, and the news was not good. The report covers 34 million indi...

U.S. GDP Revised Up, But Economic Growth Is Unlikely To Gain Momentum

After contracting by 6.4% in the first three months of the year, the U.S. economy shrank just 0.7% in the April-June period. But while many analysts believe growth resumed in the third quarter...

Business confidence in Japan up for second quarter

A key central bank report shows that confidence at major Japanese manufacturers has improved for the second straight quarter. In the Bank of Japan's closely watched "tankan" quarterly survey of ...

Economy Shrinks Less Than Expected

The gross domestic product shrank 0.7 percent in the second quarter.

US GDP Is Irrelevant To Stock Investors

The American economy contracted only 0.7% in the second quarter, the government finalized today. That’s down from its previous projection of 1% and practically seals the deal for a posit...

U.S. Q2 GDP down 0.7% vs 1.0 prev est

U.S. real gross domestic product for the second quarter was revised to a decline of 0.7% annualized from the earlier estimate of a 1.0% drop, the Commerce Department said Wednesday. The improvement...

Economy in U.S. Shrank at a 0.7% Annual Rate in Second Quarter

The worst U.S. recession since the Great Depression eased more than anticipated in the second quarter, setting the stage for a recovery to take hold in the last half of 2009. The world’s largest e...

U.S. Economy Probably Shrank at Slower Pace as Recession Eased

The worst U.S. recession since the Great Depression eased in the second quarter and the economy is probably now in the early stages of recovery, economists said before reports today. Gross domesti...

The Conference Board Leading Economic Index™ (LEI) for Australia Increased 0.7%

The Conference Board LEI for Australia increased again in July, but there were downward revisions to the index in the last four months, as actual data for gross operating surplus for the second qua...

U.K. GDP Falls Less Than Prior Estimate, Loans Hold Steady

The U.K. economy shrank less than previously estimated in the second quarter and mortgage approvals stayed near the highest in more than a year last month, a sign Britain is emerging from recession...
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