AP – NOW, SPAIN: An auction of 10-year Spanish government bonds left the country paying interest rates of nearly 7 percent, a level economists consider unsustainable. Greece and Ireland received rescue loans from the European Union after their rates jumped above the same mark.
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Read More »AP – RETAIL SALES: Americans spent more on autos, electronics and building supplies in October, raising retail sales for a fifth straight month. Sales increased 0.5 percent from the previous month, a faster rate than economists expected.
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Read More »AP – MIXED JOB NEWS: U.S. employers added 103,000 jobs last month, twice as many as economists were expecting but not enough to bring the unemployment rate down from 9.1 percent. Stocks initially rose on the news but ended the day with slight losses.
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AP – Asian stock markets fell Monday as investors grew increasingly convinced that Greece would default on its debts, an event that economists say has the potential to spark a global downturn.
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Read More »AP – JOBS: Stock indexes fell sharply Friday, erasing most of the week’s gains, after the government reported that U.S. employers created the fewest number of jobs in nine months. The 18,000 net jobs in created in June were a fraction of what many economists expected.
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Read More »AP – JOBS: Payroll processor Automatic Data Processing said companies added 157,000 employees in June. The tally is more than double the number economists had forecast and far more than the 36,000 added the previous month.
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AP – Stocks are shaking off a two-week slump after a report on retail sales wasn’t as bad as economists had predicted.
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AP – Stocks were mixed and bond yields were at their lowest level in a year Thursday after two reports suggested that the U.S. jobs market, and the overall economy, are recovering more slowly than economists anticipated.
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