Mortgage and Financial News From 2008-6-6 Page 8
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US STOCKS-Futures drop after on jump in unemployment rate - Guardian Unlimited
S&P 500 futures fell 6.4 points, below fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
2008-06-06 06:19:00 -
Unemployment rate soars - USA Today
WASHINGTON — The government said Friday that the nation's unemployment rate jumped to 5.5% in May — biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs. It was a dramatic sign of a deeply troubled economy. The latest snapshot ...
2008-06-06 05:44:00 -
U.S. rate futures cut loss after jobless rate jump - Reuters
NEW YORK, June 6 (Reuters) - U.S. interest rate futures pared earlier losses on Friday after an unexpectedly large jump in the jobless rate in May, suggesting the U.S. economy is still struggling. June federal fund futures implied traders see zero ...
2008-06-06 05:44:00 -
ECB interest rate chatter continues to push oil; prices near $130 a ... - Minneapolis Star Tribune
Oil prices again traded near $130 a barrel, with the dollar's week of gains stunted Friday by comments from the head of the European Central Bank. By early afternoon in Europe, light, sweet crude for July delivery was up $1.80 to $129.59 in ...
2008-06-06 04:32:00 -
Sterling extends losses on ECB rate outlook - Reuters UK
LONDON, June 6 (Reuters) - Sterling slipped against the euro on Friday, extending losses a day after the European Central Bank signalled a possible interest rate rise next month, while Bank of England rates are expected to fall later in the year. The ...
2008-06-06 01:12:00 -
ECB Rate Hint Prompts Concerns - Wall Street Journal
LONDON -- The European Central Bank's surprise threat to raise interest rates next month reverberated in financial markets Friday, causing the dollar to fall and the price of oil to rise, and some politicians and economists fretted an increase could ...
2008-06-06 06:05:00 -
Dollar falls as U.S. jobless rate shoots up - Reuters
NEW YORK (Reuters) - The dollar dropped across the board on Friday, after data showed the U.S. economy lost jobs for a fifth straight month and the unemployment rate shot up to its highest in more than 3-1/2 years. The Labor Department report pared ...
2008-06-06 06:34:00 -
(AFX UK Focus) 2008-06-06 14:28 Oil rises near $132 on price spike prediction (Interactive Investor)
(AP) - Oil prices neared $132 a barrel Friday on an analyst prediction that prices could hit $150 by July 4 and also continued upward pressure from comments made by the president of the European Central Bank regarding an interest-rate hike.
2008-06-06 06:53:38 -
Reuters Canada Business Summary (The Globe and Mail)
OTTAWA (Reuters) - Canadian job growth slowed in May to its weakest since December on a sharp drop in full-time employment, a sign of a cooling economy that may spur the Bank of Canada to cut interest rates again this month.
2008-06-06 06:53:43 -
Oil leaps over $134 on weak dollar, Morgan report (The Globe and Mail)
LONDON (Reuters) - Oil soared by more than $6 a barrel to over $134 on Friday, bringing gains in the last two days to $12 as the dollar weakened further on a jump in the jobless rate in the United States.
2008-06-06 06:54:03 -
News > Making A Buzz (Queens Courier)
The Jamaica Center for Arts & Learning will hold the Spring 2008 Dance Recital from 7 p.m. to 8:30 p.m. on Friday, June 6.
2008-06-06 06:54:25 -
US jobless rate hits 3-1/2-year high in May (ABS-CBNNEWS.com)
WASHINGTON - The US unemployment rate jumped by the most in 22 years in May, reaching its highest level in more than 3-1/2 years and underscoring the recessionary risk the economy still faces.
2008-06-06 06:55:23 -
More turbulence for Midwest Airlines (OnMilwaukee.com)
When you are no longer an independent company, you sometimes have to put up with the trials, tribulations and drama of your corporate benefactors.
2008-06-06 06:55:30 -
Advertisement starts (Tiscali)
Britain’s largest buy-to-let lender said it had on average repriced its range at least once a month for the last 18 months.
2008-06-06 06:56:11 -
Advertisement starts (Tiscali)
Investors have used oil and other commodities as a hedge against the weaker dollar and inflation as the housing crisis and high fuel prices batter the U.S. economy.
2008-06-06 06:56:51