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Heads up: Mortgage rates fall - Kansas City StarRates on 30-year fixed-rate mortgages fell for a third straight week, dropping from 6.40 to 6.35 percent, the lowest since mid-July. Rates on 15-year fixed-rate mortgages fell from 5.93 to 5.90 percent. Rates on five-year adjustable-rate mortgages ...
H&R Block shares fall after missing expectations - CNBCKANSAS CITY, Mo. - Shares of tax preparer H&R Block Inc. retreated Thursday after the company more than halved its first-quarter loss on improvements in its tax services business but still missed Wall Street expectations, due to continued losses in ...
Jobless claims jump, productivity soars - Kansas City StarThe number of newly laid off workers seeking unemployment benefits jumped unexpectedly last week, the government said Thursday, reversing three weeks of declines. The Labor Department reported that new applications for unemployment insurance rose to ...
Ahead of the Bell: 1Q loss expected for H&R Block - ForbesTax preparation and financial services company H&R Block Inc. reports fiscal first-quarter results on Wednesday after the market close. Wall Street expects the company to report a loss, on average, of 35 cents per share, on revenue of $378.3 million ...
Rosengren Says Credit Crunch Blunting Fed Rate Cuts (Update1) - BloombergSept. 3 (Bloomberg) -- Federal Reserve Bank of Boston President Eric Rosengren said the U.S. credit crunch has blunted the impact of the fastest interest-rate cuts in two decades, signaling he opposes raising borrowing costs. ``Much of the easing in ...
Foreclosure rates spike in Wichita - Wichita EagleForeclosure rates for higher-risk mortgages in the Wichita area rose significantly between June 2007 and June 2008. Delinquencies and foreclosures for conventional prime-rate mortgages are up in the Wichita area as well but don't appear to signal ...
Three Fed districts sought rate hike - Boston GlobeWASHINGTON - One-quarter of the Federal Reserve's regional district banks lobbied to raise the discount rate in July, signaling rising pressure to increase borrowing costs to banks even as economic growth slows. Citing a rising danger of inflation ...
Rosengren Says Credit Crunch Blunting Fed Rate Cuts - Metroboston NewsNEW YORK. Federal Reserve Bank of Boston President Eric Rosengren said the U.S. credit crunch has blunted the impact of the fastest interest-rate cuts in two decades, signaling he opposes raising borrowing costs. ``Much of the easing in monetary ...
Economy (123) - MSNBC FirstreadNEW PHILADELPHIA, OH -- During his second trip to the crucial battleground state of Ohio since his convention wrapped up in Denver last week, Obama slammed Republicans for ignoring economic issues on the first night of their convention -- furthering ...
How the Chicago boys wrecked the economy: An interview with Michael ... - Online JournalMichael Hudson is a former Wall Street economist specializing in the balance of payments and real estate at the Chase Manhattan Bank (now JP Morgan Chase & Co.), Arthur Anderson, and later at the Hudson Institute (no relation). In 1990 he helped ...
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