Archive for the ‘Five Months’ tag
Chicago Business Barometer Bounces into Growth, Prices at 28-Year High
The ISM-Chicago business barometer bounced into
growth mode in July following five months of slowdown. The growth was led
by advances in production and new orders, even as prices hit a 28-year
high and employment remained in contraction for the eighth straight
month.
New York Sues UBS Over Auction Rate Securities
New York Attorney General Andrew Cuomo said he is
suing UBS AG for misleading investors into buying auction-rate securities
just five months before the market collapsed.
“Not only is UBS guilty of committing a flagrant breach of trust
between the bank and its customers, its top executives jumped ship as
soon as the securities market started to collapse, leaving…
New Homes Sales Continue to Fall, Down 2.5% in May
After five months of declines in the pace of new home
sales, April’s uptick appears to have been temporary as new home
sales in the U.S. continued to fall back 2.5% down in May, declining to
512k, in line with expectations from economists.
This follows an upwardly revised reading of 525k in April.