Job Losses Keep Piling – Will Prolong Recession
Jobs announcements from the past two days : Privately held Chrysler said on Thursday it is slashing 1,825 jobs after losing $1 billion in the first half of the year. Goldman Sachs [GS] plans to cut 10 percent of its staff, or almost 3,300 jobs after laying off hundreds of support staff and junior bankers [...]
U.S. Pending Home Sales Probably Fell in March for Second Month
Bloomberg has latest story about US Pending Home Sales: U.S. Pending Home Sales Probably Fell in March for Second Month Fewer Americans probably signed contracts to buy previously owned homes in March for the second consecutive month as falling prices and tougher loan rules discouraged buyers, economists said before a report today. The index of [...]
Durable Good Orders: Why Do Investors Care
Durable goods orders reflect the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods. Why Do Investors Care?Investors want to keep their finger on the pulse of the economy because it usually dictates how various types of investments will perform. Rising equity prices thrive on growing corporate profits – [...]