U.S. New Jobless Claims Higher Than Expected
The U.S. Labor Department reported this morning that new claims for unemployment benefits last week rose to a seasonally adjusted 524,000 – 24,000 more than analysts had expected. More
U.S. PPI Falls for 5th Straight Month
The Producer Price Index (PPI) fell for the 5th straight month with December’s results showing a 1.9 percent drop compared to 2.2 percent for the previous month. More
Eurozone Cuts Interest Rates by Half a Point
The European Central Bank dropped its benchmark lending rate by half a percentage point to 2.0 percent. Pressure has been mounting for the Bank to make a significant rate cut as England and the U.S. have both been much more aggressive and have reduced their rates to 1.5 percent and 0.25 percent respectively. More
Senate to Vote Today on Releasing Second Half of TARP Funds
The U.S. Senate is expected to vote today on President-elect Barack Obama’s request to release the second half of the $700 billion Troubled Asset Relief Program (TARP) funds. More
