New York City, NY – In 2008, U.S. banking giant Citigroup, about to become yet another failed financial institution, received in the ballpark of $45 billion in federal help. Now Citigroup has made a good profit of $2.99 billion in 2011 1st Quarter (1Q) for the fifth straight quarter. Though that number is down...
Read more »
Washington, D.C. – According to the Mortgage Bankers Association the amount of loan applications dropped by about 2% last week (ending April 1st) on a seasonally adjusted bases. Still, more then 3/5 (61.2%) of all loan applications filed the week of the 1st were for people hoping to refinance their current mortgages, some of...
Read more »
Detroit, MI – As the United States Labor Department reported reported 216,000 new U.S jobs for the month of March the U.S. auto manufactures have also been reporting on the positive. The domestic sales of U.S. autos have increased significantly last month as Ford (212,295 car sales) took the lead from GM (206,621 car...
Read more »
Lisbon, PORTUGAL – Portuguese government bonds plunged following Jose Socrates’s step down as Portugal’s Prime Minister. The recent developments in Portugal has placed worry in Europe that the Portuguese government is in need of a large bailout, as much as $99 billion according to some estimates. Getting a bailout was something, that Prime Minister...
Read more »
New York City, NY – On Wall St.’s second day of trading since the 8.9 earthquake followed by the 20ft plus high tsunami that struck Japan on March the 11th, stocks around the world plunged. In Japan there was an 19% decline or a 225 point loss in the Tokyo Stock Exchange (Nikkei), the...
Read more »
Washington. D.C. – According to a recent government report just released, the quantity of new individuals asking for jobless benefits nose dived during the week of February 20th. The recent dive brought new unemployment claims to their lowest point in over 3 years, all the while bringing hope that unemployment will only go lower...
Read more »
Atlanta, GA – As the country pulls out of a recent economical recession, that for many, has been the survival of the fittest. The rising cost of fuel and Americans with less money has been no help at all for the airline industry. Since December of 2007, 11 airlines have filed for bankruptcy, 7...
Read more »
