The crisis of confidence that sent Fannie Mae and Freddie Mac debt costs to record highs above U.S. Treasuries is also providing the mortgage-finance companies with the biggest profits on new investments since at least 1998.
-Bloomberg
Mortgage applications rise for the first time in 3 weeks.
-Reuters
New orders for long-lasting U.S. manufactured goods jumped a surprising 1.3 percent in July, while a gauge of business investment also rose unexpectedly, a government report showed Wednesday.
-Reuters
Americans' confidence in the economy has gotten a better-than-expected boost in August amid lower prices at the gas pump.
-AP
Investors should abandon defensive positions and broaden their portfolios to get a jump on the next U.S. bull market, Charlie Morris, head of Absolute Return HSBC Investments, told CNBC Wednesday.
http://www.cnbc.com/id/26421274
Dollar Tree Inc reported a higher quarterly profit on Wednesday as shoppers scoured its stores for low prices on food, health-care items and cleaning products.
-Reuters Aug 27
Transportation orders rose 3.1 percent in July, the largest gain since February.
The U.S. economy grew at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but many economists expect growth to flag as the year progresses.
The United States, Europe and Japan planned joint intervention to rescue the dollar when it was plunging in March at the time U.S. investment bank Bear Stearns collapsed, the Nikkei business newspaper reported.
The number of U.S. workers filing new claims for jobless benefits fell by 10,000 last week, government data on Thursday showed, but remained at elevated levels indicating a weak labor market.
-Reuters Aug 28
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