US Home Construction Sinks to Record Low
US Commerce Department figures show that new home construction posted its fourth straight monthly decline falling by 4.5 percent in October. More
US Consumer Prices Fall 1%
The US Labor Department announced that the Consumer Price Index (CPI) fell by 1 percent for the month of October – the most for a single month in 61 years.more
Markets Down in Europe on US Auto Concerns
As Congress ponders yesterday’s desperate pitch by US auto makers for $25 billion in emergency funding, markets in Europe opened lower as investors consider what could happen if one or more of the Big 3 is forced under. More
Oil Drops Below $54 a Barrel
Light, sweet crude for December delivery fell 60 cents to $53.79 a barrel in early morning trading; as the price closes in on the $50 level, some analysts are suggesting that world prices could be ready to bottom out and possibly even rebound. More
China’s Auto Industry Looking for its Own Bailout
After six years of growth exceeding 20 percent, vehicle growth in China has flattened out and even turned negative lately. Now comes news that China’s largest auto manufacturers are seeking help from the government. More
