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MARKET TRENDS: U.S. Mortgage Applications Fall on Rising Interest Rates
Posted on June 17, 2015
Applications for U.S. home mortgages fell last week as interest rates rose to their highest levels since October 2014, an industry group said on Wednesday. Mortgage applications activity, which includes both refinancing and home purchase demand, decreased 5.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s Weekly Mortgage Applications Survey. [...]
Posted on June 17, 2015
Applications for U.S. home mortgages fell last week as interest rates rose to their highest levels since October 2014, an industry group said on Wednesday. Mortgage applications activity, which includes both refinancing and home purchase demand, decreased 5.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s Weekly Mortgage Applications Survey. [...]
What Are Americans Worried About? The US Security Index
Posted on June 16, 2015
Technology is responsible for making our lives easier in so many ways. But according to recent data, it’s also the chief cause of many concerns of the typical American citizen. Allow me to explain. This year’s Unisys US Security Index report is out (Source: http://www.unisyssecurityindex.com/usi/us). The report details the things that U.S. citizens are worried[...]
Posted on June 16, 2015
Technology is responsible for making our lives easier in so many ways. But according to recent data, it’s also the chief cause of many concerns of the typical American citizen. Allow me to explain. This year’s Unisys US Security Index report is out (Source: http://www.unisyssecurityindex.com/usi/us). The report details the things that U.S. citizens are worried[...]
MARKET TRENDS: Housing Starts Tumble, Permits Steady
Posted on June 16, 2015
Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]
Posted on June 16, 2015
Housing starts, which is defined as construction of a new building intended primarily as a residential building, retreated in May after a robust increase in the previous month. The dip in single family construction, which forms the largest portion of the market, primarily drove the decline. However, an increase in building permits for future construction [...]
MARKET TRENDS: Summary for the Week Beginning June 15, 2015
Posted on June 15, 2015
The Industrial Production and Empire State Manufacturing Survey for June came in at a sharp contrast to the recent upbeat retail sales and employment numbers. A stronger dollar and a cut down in business investments in the energy sector, compiled with lower oil prices, are still having a negative impact on the industrial and manufacturing [...]
Posted on June 15, 2015
The Industrial Production and Empire State Manufacturing Survey for June came in at a sharp contrast to the recent upbeat retail sales and employment numbers. A stronger dollar and a cut down in business investments in the energy sector, compiled with lower oil prices, are still having a negative impact on the industrial and manufacturing [...]
MARKET TRENDS: PPI Upbeat, Consumer Confidence High
Posted on June 13, 2015
The Producer Price Index (PPI), a percentage of change in the prices of finished goods and services sold by producers in the U.S, posted its biggest gains in May in over two and a half years. The gains were primarily driven by the higher cost of gasoline and food products. The PPI for final demand [...]
Posted on June 13, 2015
The Producer Price Index (PPI), a percentage of change in the prices of finished goods and services sold by producers in the U.S, posted its biggest gains in May in over two and a half years. The gains were primarily driven by the higher cost of gasoline and food products. The PPI for final demand [...]
MARKET TRENDS: Retail Sales, Business Inventory Beat Estimates; Jobless Claims Below 300,000
Posted on June 11, 2015
U.S. retail sales surged in May after a slow start in the second quarter, a sign economic growth is finally gathering steam. A solid job growth rate and improving wage rate boosted consumer confidence, which was reflected in household spending. Sales of automobiles and a range of other goods increased. Overall retail sales for May [...]
Posted on June 11, 2015
U.S. retail sales surged in May after a slow start in the second quarter, a sign economic growth is finally gathering steam. A solid job growth rate and improving wage rate boosted consumer confidence, which was reflected in household spending. Sales of automobiles and a range of other goods increased. Overall retail sales for May [...]
MARKET TRENDS: Crude Oil Inventories Slips, Mortgage Rate Surges Higher
Posted on June 10, 2015
U.S. crude oil inventories dropped for yet another week, making for a sixth straight fall. Inventories slipped by 6.81 million barrels in the week ending June 5, as per the latest data from the Energy Information Administration (EIA). The oil inventories declined more than the expected rate of 1.7 million barrels per day (MBPD) for [...]
Posted on June 10, 2015
U.S. crude oil inventories dropped for yet another week, making for a sixth straight fall. Inventories slipped by 6.81 million barrels in the week ending June 5, as per the latest data from the Energy Information Administration (EIA). The oil inventories declined more than the expected rate of 1.7 million barrels per day (MBPD) for [...]
Is it Safer to Pay with a Credit or a Debit Card?
Posted on June 9, 2015
It was huge news when payment card information belonging to 40 million Target customers was stolen (to the point where their CEO recently resigned). In January, hackers were said to have gotten as many as 1.1 million debit and credit card users. While these stories, over time, are beginning to fade into the background[...]
Posted on June 9, 2015
It was huge news when payment card information belonging to 40 million Target customers was stolen (to the point where their CEO recently resigned). In January, hackers were said to have gotten as many as 1.1 million debit and credit card users. While these stories, over time, are beginning to fade into the background[...]
MARKET TRENDS: Labor Market Firms, Wholesale Inventories Rise
Posted on June 9, 2015
U.S. job openings surged to a record high in April, after a slight decline in March, hinting at a stronger job market in the coming months. The April job openings of 5.4 million were higher than the 5.1 million in March, and market expectations of +5.044 million, said the Labor Department in its monthly Job [...]
Posted on June 9, 2015
U.S. job openings surged to a record high in April, after a slight decline in March, hinting at a stronger job market in the coming months. The April job openings of 5.4 million were higher than the 5.1 million in March, and market expectations of +5.044 million, said the Labor Department in its monthly Job [...]
MARKET TRENDS: U.S. Consumers Help Ease China's Miserable Export
Posted on June 8, 2015
Exports in the world's second largest economy, China, fell for a third consecutive month in May, despite strong stimulus measures by the government and the Central Bank to boost growth. However, exports to the U.S. rose 7.8% Year-over-Year (YoY) and formed about 18.8% of the total Chinese exports in May, the highest share since August [...]
Posted on June 8, 2015
Exports in the world's second largest economy, China, fell for a third consecutive month in May, despite strong stimulus measures by the government and the Central Bank to boost growth. However, exports to the U.S. rose 7.8% Year-over-Year (YoY) and formed about 18.8% of the total Chinese exports in May, the highest share since August [...]
