Category: Economy

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U.S. economy rebounds after rising 4.0 percent in the first quarter

The U.S. economy bounced back after a slowdown in the first quarter, posting a positive growth over the last six months, adding to hopes that the seco...
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Conference Board report: U.S. consumer confidence strengthens in July

Consumer confidence in the U.S. improved in July, according to results in a survey by a private research group released Tuesday, while better sentimen...
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U.S. pending home sales down 1.1 percent in June after 3-month gain

Sales of previously owned homes in the U.S. fell in June, a sign that the housing recovery is yet to gain traction despite a decline in interest rates...
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SkyWest Inc. expects $12M net loss in second quarter

SkyWest, Inc. said on Friday that it forecasts lower financial results in the second quarter compared to what the company previously anticipated.
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Bain Capital’s Sankaty Advisors buys JPMorgan’s debt portfolio for $1B

Sankaty Advisors, a unit of Bain Capital LLC, has agreed to pay over $1bn for the debt portfolio of JPMorgan's Global Special Opportunities Group.
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IBM talks with Globalfoundries to sell chip-manufacturing unit ends with no deal

International Business Machines Corp.'s discussions with Globalfoundries Inc. to sell its struggling chip-manufacturing business have fallen apart aft...
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Inflation, Hyperinflation and Real Estate Values?

For the foreseeable future the Fed will continue its accommodative stance, at least through or past mid 2015, according to a recent IMF report. Keepin...
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Airlines resume flights to Israel

The Federal Aviation Administration (FAA) lifted a ban to flights to Israel Wednesday while European aviation authorities lifted the same flight ban T...
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IMF revises down U.S. economic growth forecast to 1.7 percent

The International Monetary Fund (IMF) said on Wednesday that it revised its growth estimate for the U.S. economy following a worse-than-expected contr...
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U.S. home sales jump 2.6 percent in June as housing market rebounds

A survey measuring U.S. home sales rose for the third straight month in June, rising to its highest level since October as the housing market recovers...