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  GDP data was released Friday revealing headline economic growth of 2.8% versus consensus of 3.1%. Real economic growth after inflation was only 1.7% for 2011. Negatively affecting the data were lower state and local government spending, private inventory investment and, believe it or not, federal government spending. ... Click to view a price quote on PG. Read More »
Jobless Claims disappointed as they rose back to nearly 400K (399K vs expectations 375K & previous 375K revised higher) and this data from a shorter week. Retail Sales data was also surprisingly weak considering the holiday period (.1% vs .4% consensus & .4% previous. Ex-Autos .0% vs .2% expected and .2% previous.). Business Inventories also declined sharply (.3% vs .5% consensus and Read More »
On the one hand, large corporations are stuffed with cash combined with the recent stock selloff indicates there are deals to be had. This was buttressed by Google's acquisition of Motorola Mobility for $12.5 billion. However, that deal had probably been in the works for a long time. Nevertheless this is the kind of deal-making action that stimulates the animal spirits. On the other hand, econo Read More »
Now that's not a very creative headline is it? I'll bet there are at least a dozen like it; but, there's only so much room for creativity, and besides, who cares. The image says more than words anyway. Forecasters were working overtime throughout the week lowering estimates for the employment report but even the lowest forecast was too generous. The range of forecasts was between 90-200K new j Read More »
The information breach has cost state taxpayers $1.8 million in services and contracts so far, The Dallas Morning News reported Wednesday. Read More »
Suggesting that Comptroller Susan Combs should resign for her role in exposing the personal information of 3.5 million Texans, two Austin lawyers have petitioned a state district court for permission to question Combs as part of their investigation into the incident. Read More »
NEW YORK (MainStreet) -- More Americans may be living longer, but as new Census data show, the lifestyles of the 65 and older set are anything but golden. The median income of households in this age group was just $31,354 in 2009, according to the Census Bureau -- 5.8% higher than the year before, but still nearly $20,000 short of the median income for U.S. households overall. What's more, 3.4 m Read More »
The financial information the NFL has offered to turn over during labor negotiations doesn't include the data requested nearly two years ago by the head of the players' union. Read More »
Thursday and Friday bring more important data. Taken together, they should give investors plenty to think about. Read More »
The market barely had a pulse today. When profit-taking hit the tape just about the time for the programs to leave the station, down we went. Read More »
This is like the egg salmonella outbreak. In this case, it's tainted home sales data. Read More »
Financial ETFs are selling off after initial jobless claims unexpectedly rose. Read More »
What's the problem at Ford Racing, and Roush Fenway Racing in particular? Not engines, not chassis, not aerodynamics, not drivers, not crews, not money. Jack Roush's explanation? Computers. Read More »
That's the buzz making the rounds on the street -- unemployment data is going to be a gonzo number. Read More »
Democratic gubernatorial candidate Bill White released his 2009 federal income tax return Friday, answering pressure from the media and his opponent, but continuing in his refusal to release returns from the previous five years. Read More »
Afternoon selling in the U.S. markets was likely due to caution ahead of jobless claims and unemployment data coming Thursday and Friday. Health care ETFs suffered amid worry about another ObamaCare bill. Read More »
The economic data that rolled out Monday mostly missed expectations, so it was surprising to see headlines calling the data bullish. Read More »
City Councilman Al Hoang has filed a comprehensive campaign finance report that discloses more information about the donors who fueled his candidacy, although minor irregularities remained Friday that he said he would correct. Read More »
ETFs that invest in real estate have gained 4.1% in the past week on housing market data. Read More »
Cities in the United States got safer in 2008, while small towns grew more dangerous, according to FBI data released today. Read More »

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