Written by 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 »
Posts tagged US Economy
Factory orders fall 1.4 percent in May
Orders to U.S. factories declined broadly in May after nine straight months of gains, raising new concerns that the recovery is stalling. READ MORE »
Six Banks Fail Friday
Regulators closed six banks in three states Friday, bringing this year’s total number of bank failures to 96.
All six failed institutions were included in TheStreet’s Bank Watch List of undercapitalized banks and thrifts, based on first-quarter regulatory data provided by SNL Financial. READ MORE »
New-home sales rebound from record low in June
U.S. sales of new homes had a better-than-expected rebound in June after falling to record lows in May.
Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported Monday. READ MORE »
WORLD FOREX: Dollar Falls Vs. Euro, Yen On Disappointing US Payrolls
The dollar dropped against the euro and yen Friday after disappointing U.S. jobs data sparked fresh worry over the pace of the economic recovery. READ MORE »