Consumer Confidence Rising

Posted On January 27, 2015

(New York, NY) -- Consumers' faith in the strength of the economy is rising. Today's report from the Conference Board showed consumer confidence in January jumped to 102.9, up from December's 93. That's the highest level since August of 2007. The rise was driven largely by consumers being more optimistic about the jobs market.

Stocks Lower On Weak Earnings, Durable Goods Report

Posted On January 27, 2015

(New York, NY) -- Weak durable goods orders and disappointing earnings reports are sending stocks in a downward spiral right now. Shares in Microsoft and Caterpillar tumbled after the two companies posted results. On top of that, the Commerce Department reported orders for U.S. durable goods plunged three-point-four-percent in December. The Dow dropped over 300…

Procter & Gamble Profits Hit By Foreign Currency Devaluations

Posted On January 27, 2015

(Undated) -- Procter & Gamble is taking a financial hit from weak foreign currencies. The maker of Tide and other household products reported 20.2 billion dollars in revenue in the second quarter of fiscal 2015. P&G blamed "unprecedented currency devaluations" for hurting its global sales and resulting in a four percent decline in quarterly revenue.

Koch Brothers To Spend 889 Million On 2016 Election

Posted On January 27, 2015

(Washington, DC) -- Two billionaire brothers are getting ready to spend 889-million dollars in preparation for the 2016 presidential election. "USA Today" says top officials in the Koch brothers' political organization released the budget Monday. The enormous sum will fund the vast network of industrialists Charles and David Koch, who support Republican candidates. The budget…

Home Prices Rise 4.3% In November

Posted On January 27, 2015

(Undated) -- Home prices are still on the rise, but at a slower pace. The Case-Shiller Index shows prices rose 4.3 percent in 20 cities in November. Analysts are not upbeat on the outlook for 2015. The data released today shows a continued slowdown in home prices nationwide, with strong price gains limited to the…