Written by Consumer prices fell for the second consecutive month in May, extending a break for Americans’ pocketbooks. Less expensive energy was the main factor pulling down prices. READ MORE »
Posts in category Financial Markets
Cost of Seizing Fannie and Freddie Surges for Taxpayers
Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, have become two of the nation’s largest landlords. READ MORE »
Recovery fears dog European shares; banks fall
* FTSEurofirst 300 index down 0.8 pct
* Banks, miners fall on growth worries
* Adidas pressured as Nike warns on costs READ MORE »
Gold Advances in New York as Investors Seek to Protect Wealth
Gold rose in New York to within 0.4 percent of a record as investors bought the metal to protect their wealth amid financial market turbulence. READ MORE »
Yen Is Near Highest Since 2001 Against Euro on Slowing Growth
The yen traded near the strongest level in more than eight years against the euro as signs economies in the U.S. and China are slowing boosted demand for safer assets. READ MORE »