US Existing Home Sales See 5.1% Increase in February
The National Association of Realtors said today that sales of existing homes jumped by 5.1 percent in February. Much of the credit was attributed to lower home prices which have dropped more than fifteen percent on average in the past year. More
Stocks Gain as Treasury Debt Plan Announced
Pledging more than a trillion dollars to absorb the bad assets held by the banks, Treasury Secretary Timothy Geithner released details of the “bad debt” plan. Markets responded positively on Monday with financial stocks leading the way. More
WTO Says World Growth to Decline 9% in 2009
The World Trade Organization said today that it estimates the sharp losses in global trade induced by the economic crisis, will result in a decline in growth of 9 percent in 2009. This would be the largest single-year drop since World War II.More
Oil Breaks $54 a Barrel
Positive news from the stock market today pushed oil to a four-month high breaking through the $54 range but closing back at $53.44. More
