Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Business – Investing – Commodities and Futures – Futures – Advisory Services
As the engine of U.S. economic growth slows, two of its main cylinders – job growth and consumer spending – still aren’t firing. Until they kick in, the weak recovery is in jeopardy.
United States – Economic growth – Consumer spending – U.S. Economic Cycles – Economic
The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.
Economic growth – Economic – United States – Social Sciences – Gross domestic product
Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.
Facebook – Social network – Online Communities – Mark Zuckerberg – Initial public offering
U.S. consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey shows.
Consumer Confidence Index – United States – Business – Economics – Conference Board
The nation’s economic recovery slowed in the second quarter, according to the government’s first reading on gross domestic product, released Friday.
Economic growth – Economic – United States – Social Sciences – Gross domestic product
Stock futures dropped Friday as investors cautiously awaited the government’s first reading on gross domestic product.
Business – Investing – Commodities and Futures – Futures – Advisory Services
Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.
American International Group – Federal Reserve Bank of New York – Bear Stearns – Federal Reserve System – Central bank
Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Citigroup – Subprime lending – Business – Mortgage – Allegedly Unethical Firms