Bloomberg: Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown

Related News: Bloomberg, Economy, U.S., Currencies

Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown
By Scott Hamilton - Aug 19, 2011 04:27 AM

Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) cut their U.S. growth forecasts as the global economy slows and officials struggle to stem Europe’s sovereign-debt crisis.

Fortune: Will Europe come tumbling down?

Will Europe come tumbling down?
By Shawn Tully, senior editor-at-large August 19, 2011: 5:00 AM ET

The debt crisis that started in Greece now threatens to topple the whole continent -- and kill the weak recovery in the U.S. Inside the race against the clock to fix the euro economy.

2011 Midland Basin Horizontal Activity – Many Target Horizons

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2011 Midland Basin Horizontal Activity – Many Target Horizons
by Chris Smith on August 17th, 2011

CNBC: Risk of Recession Is Still 'Quite Low': Fed's Dudley

Risk of Recession Is Still 'Quite Low': Fed's Dudley
Published: Thursday, 18 Aug 2011 | 11:19 AM ET
By: Reuters

Despite "anemic" U.S. growth so far this year, the risk of a double-dip recession is "quite low, a top Federal Reserve policymaker said on Thursday.

Bloomberg: Mortgage Rates in U.S. Tumble to Lowest in More Than 50 Years

Related News: Bloomberg, Real Estate, U.S., Personal Finance

Mortgage Rates in U.S. Tumble to Lowest in More Than 50 Years
By Prashant Gopal - Aug 18, 2011 08:00 AM

U.S. mortgage rates fell to the lowest in more than half a century as concern that the global economic recovery is faltering spurred demand for bonds that guide home loans, according to Freddie Mac.

CNBC: Home Sales Fall on Credit, Cancellations, Confidence

Home Sales Fall on Credit, Cancellations, Confidence
Published: Thursday, 18 Aug 2011 | 10:51 AM ET
By: Diana Olick
CNBC Real Estate Reporter

July's existing home sales, which represent contract closings, came in well below expectations of a two to three percent gain, falling 3.5 percent month to month.

CNBC: Home Sales Dropped 3.5 Percent in July, Hit 2011 Low

Home Sales Dropped 3.5 Percent in July, Hit 2011 Low
Published: Thursday, 18 Aug 2011 | 10:11 AM ET
By: Associated Press

The number of people who bought previously occupied homes plunged in July. The third decline in four months suggests the depressed housing market won't help the U.S. economy recover this year.

Bloomberg: Existing Home Sales in U.S. Fell in July

Related News: Economy, Real Estate, U.S.
U.S. Existing Home Sales Unexpectedly Decreased in July
By Alex Kowalski - Aug 18, 2011 06:25 AM

Sales of U.S. previously owned homes unexpectedly dropped in July, reflecting an increase in contract cancellations due to strict lending rules and low appraisals.

Bloomberg: Jobless Claims in U.S. Top Forecast

Related News: Economy, U.S.
Jobless Claims in U.S. Top Forecast
By Shobhana Chandra - Aug 18, 2011 04:43 AM

More Americans than forecast filed applications for unemployment benefits last week, signaling the labor market is struggling two years into the economic recovery.

CNBC: Morgan Stanley Cuts 2011 Global Growth Forecast

Morgan Stanley Cuts 2011 Global Growth Forecast
Published: Thursday, 18 Aug 2011 | 6:10 AM ET
By: Reuters

Morgan Stanley slashed its global growth forecast for 2011 and 2012, saying the U.S. and the euro zone were "dangerously close to a recession", and criticized policymakers in Washington and Europe for not acting more decisively to contain the sovereign debt crisis.