Consumer Confidence Highest Since Recovery

Posted On November 25, 2014

(New York, NY) -- Consumers' faith in the strength of the economy is taking a dip. Today's report from the Conference Board showed consumer confidence in November fell sharply from last month when it hit its highest numbers since the start of the Great Recession in 2007. The drop comes despite expert projections of a…

Case-Shiller: Home Prices Virtually Unchanged

Posted On November 25, 2014

(Washington, DC) -- Home prices are holding steady. The Case-Shiller index for September showed the price paid for the average home in the 20 cities it examines fell by just three-hundredths of a percent. With seasonal adjustments, prices were up three-tenths of a percent, which would be the strongest showing in six months. Prices were…

Third Quarter Corporate Profits Dive

Posted On November 25, 2014

(Washington, DC) -- Corporate profits are still climbing, but not nearly as quickly as they were early this summer. The Commerce Department reported today that corporate pretax profits increased by nearly 44-billion dollars in the third quarter. That's roughly a quarter of the more than 164-billion reported in the second quarter. Still, it represents an…

GDP Growth Raised To 3.9%

Posted On November 25, 2014

(Washington, DC) -- The U.S. economy is growing even faster than experts thought heading into the end of the year. The gross domestic product growth was adjusted from an increase of three-point-five to three-point-nine percent in Tuesday morning's Commerce Department report. That was fueled by higher consumer spending and business investment, though imports and exports…

Twitter Exec Makes Acquisition Tweet Public

Posted On November 25, 2014

(Undated) -- The man who minds Twitter's money might need a tutorial on how to use the mini-blogging site. Chief finance officer Anthony Noto accidentally tweeted a message he intended to send privately. The tweet that included, "I think we should still buy them," and "I have a plan," apparently concerns a company Twitter is…