News and Finance

Australian home-loan approvals fell to a four-year low in June, stoking speculation the central bank will cut interest rates for the first time since 2001.
The number of loans granted to build or buy homes and apartments decreased 3.7 percent from May, when they dropped a revised 6.9 percent, the statistics bureau said in […]

No one would dare go so far as to say that the Wall Street job market is bright.
Through June, financial firms of all stripes have shed an estimated 63,000 jobs over the past year, according to the latest employment figures from the Labor Department. That’s due in large part to the housing slump […]

Following is a summary of Gross Domestic Product from the Commerce Department. ===============================================================================
2Q 1Q 4Q 3Q 2Q 1Q 4Q
2008 2008 2007 2007 2007 2007 2006 ===============================================================================
————-Annualized Quarterly Change————– Real GDP 1.9% 0.9% -0.2% 4.8% 4.8% 0.1% 1.5% YOY percent 1.8% 2.5% 2.3% 2.8% 1.8% 1.3% 2.4% Personal consumption 1.5% 0.9% 1.0% […]