Producer prices rose less than expected, with much of the hike coming from energy. Excluding food and energy, PPI fell 0.6% in the month. Overall, wholesale prices are up just 1.5% in the past year — still too close to deflati…
The U.S. Aaa credit rating won’t be under pressure from budget deficits in 2010 or 2011, Moody’s Investors Service (MOD) said.
The White House budget office projects that the federal deficit will top $1.5 trillion this year.
“Certainly over time, a…
The consumer technology giant brags that its iTunes announcement later today will be unforgettable. But the news likely won’t be too memorable for investors, even if it turns out to be a Beatles deal, predicts one analyst.
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The Empire State Manufacturing Index, which provides a snapshot of a key U.S. economic region, jolted investors Monday. It took a surprising plunge to a minus 11.14 reading in November — the index’s first negative measure sinc…
The fiscally struggling state hopes that investors concerns over its troubles will be offset by their desire for yield. Governor Schwarzenegger has called a special legislative session to address a deficit now projected to be m…