Economy weakens as business confidence dims
U.S. durable goods orders fell excluding aircraft and transport in June, signaling waning corporate confidence amid a sluggish economy. Core capital goods orders dropped 1.4 percent, the third decline in four months, while overall orders rose mainly due to aircraft. Housing contracts eased 1.4 percent in June, though the index remains 9.5 percent higher than a year ago, suggesting a bumpy housing recovery ahead while growth for Q2 may slow to around 1.1-1.5 percent.
MENTIONED IN THIS ARTICLE
Washington
U.S
Ethan Harris
Global Economics
Bank of
America Merrill Lynch
Commerce Department
Harris
FactSet
Europe
Mario Draghi
European Central Bank
Standard & Poor
S&p
National Association of Realtors
Joshua Shapiro
MFR Inc
Congress weighs stopping budget bills into next year
Congress considers a six month stopgap to postpone 12 annual spending bills as the lame duck session looms. Speaker Boehner and Senate Leader Reid clash over timing while Democrats and Republicans weigh a shorter term extension to avoid a shutdown before Election Day.
MENTIONED IN THIS ARTICLE
Washington
Congress
GOP
House
John Boehner
Ohio
White House
Senate
Harry Reid
Sesson
Reid
E’s
Boehner
Michael Steel
Appropriations Committee
Pentagon
House Budget Committee
Paul Ryan
Rwss
Greg Walden
Rore
Steny Hoyer
Maryland
Hoyer
Jim Jordan
Republican Study Conference
Mitt Romney
Romney
Obama
Jordan
30 year mortgage rates hit new low
Washington Freddie Mac reported the 30 year fixed mortgage averaged 3.49 percent, below previous records and down from 3.53 percent last week. The 15 year rate fell to 2.80 percent as housing activity shows mixed gains.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mac
U S weighs more Syria aid and possible safe zone
The Obama administration weighs options for more direct involvement in Syria. Secretary Hillary Clinton says establishing a safe zone is only a question of time. The United States will not provide arms to rebels or seek a no fly zone.
MENTIONED IN THIS ARTICLE
Jesus
J.c
Washington
Obama
Syria
Hillary Rodham Clinton
U.S
Also Mentioned on This Page
Bank of America Merrill Lynch
Census.gov
Framingham
Mass
J. Scott Applewhite
D-Nev
Democrats
Capitol
Charles Schumer
Dny
Jim Cummins
Robert Lomax
THE
Associated Press
Visa
Mastercard
Jbs Parkway
Narirannersodessa
Bruno
Saturn
Ford
Toyota
DaimlerChrysler
Dodge
Lexus
Volvo
Volkswagen
Murset United
Suite E
Andrews Hwy
Midland
Texas
Mobility-Unlimited.com