Published on December 2, 2010 by Technology Slice
Wall Street Soars – The Dow Jones Industrial Average soared 249.76 points (2.27 per cent) to close at 11,255.78, with all 30 blue-chip components closing in positive territory, led by do-it-yourself retailer Home Depot, up 5.10 per cent. The S&P 500 index, a broader measure of the market, rose 25.52 points (2.16 per cent) to [...]
Tags: Bailout Plan, Banking System, Beige Book Report, Chip Components, Debt Woes, Dow Jones, Dow Jones Industrial, Dow Jones Industrial Average, Economic Recession, Federal Reserve, Gathering Information, Home Depot, Institute Of Supply Management, Manufacturing Sector, Nasdaq, Optimism, Private Sector Employment, Sovereign Debt, Wall Street Soars, Worries
Posted in Money
Published on July 15, 2010 by Technology Slice
Many Affected By The BP Oil Spill – Financial institutions whose customers are affected by the BP PLC oil spill should try to expedite loans, ease credit terms and consider waiving late fees and penalties, U.S. banking regulators said Wednesday. The announcement, made by the Federal Reserve and all the other U.S. banking regulators, comes [...]
Tags: Anticipation, Atm Fees, banks, Borrowers, Bp, Bp Oil Spill, Bp Plc, Credit Losses, Economic Damages, Enough Money, Federal Reserve, Financial Institutions, Gulf Coast Residents, Hurricanes, Late Fees, Loan Fees, Measures, Payment Charges, Receipt, Regulators
Posted in World
Published on March 4, 2010 by Technology Slice
Beige Book Economy – A cautious note from the Federal Reserve led stocks to give up morning gains and close nearly flat Wednesday as investors looked ahead to employment data for guidance on the economy. The U.S. central bank’s Beige Book, a collection of anecdotal economic commentary from regional branches, showed the economy growing at [...]
Tags: Analyst Expectations, Beige Book, Book Economy, Budget Deficit, Cautious Note, Economic Commentary, Employment Data, Energy Prices, Federal Reserve, Guidance, Indexes, Job Losses, Labor Department, Month Of The Year, Pace, Payroll Processor, Regional Branches, S Central, Service Sector, Unemployment Claims
Posted in Money
Published on February 23, 2010 by Technology Slice
New Credit Card Laws 2010, Credit Cards – Just two of the practices targeted – retroactive rate increases and so-called “hair-trigger” penalty interest rates – cost US consumers a minimum of $10 billion per year, according to a recent study by The Pew Charitable Trusts. While it doesn’t address all the concerns of consumer-credit advocates,the [...]
Tags: Accountability, Act, Cardholders, Cards Credit, Consumer Credit, Consumers, Credit Card Laws, Credit Cards, Disclosure, Federal Reserve, Final Phase, Hair Trigger, Legislation, obama, Penalty Interest Rates, Pew Charitable Trusts, Rate Increases
Posted in Money
Published on February 19, 2010 by Technology Slice
Fed Raises Discount Rate – The dollar touched a nine-month high against the euro after the Federal Reserve raised the discount rate charged to banks for direct loans for the first time in more than three years. The U.S. currency headed for a sixth week of gains against the 16-nation euro as the central bank [...]
Tags: Assets, Benchmark, Credit Loans, Currencies, currency, Direct Loans, Federal Reserve, Financial Crisis, Financier, Greenback, interest rates, Liquidity, Maximum Maturity, Peers, Speculation, Stimulus, Third Day, tokyo, Yen, Yield Advantage
Posted in Money
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