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Stocks Ascend as Bernanke Defends Fed Action
Stocks are off to a healthy start in the first hour of trading despite news from the labor market that jobless claims were rising. Meanwhile, Fed Chairman Ben Bernanke defended the central bank’s role in Bank of America’s acquisition of Merrill
Q1 GDP Revised Up, Jobless Claims Soar
The pace of contraction from January to March was slightly slower than expected, but the most recent data on the labor market was worse than forecasts, according to two releases at 8:30 this morning. The final report on first-quarter GDP improved to
Trading Mixed Ahead of Labor Data, Bernanke Testimony
Stock futures are mixed ahead of a light Thursday. Aside from the weekly jobless claims report, only one other release is on the schedule and it’s the final revision to Q1 GDP. With markets characteristically looking ahead the revisions for January
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By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...