Archive for May 2nd, 2008
Fed Joins European Banks to Battle Credit Crisis
Fed Joins European Banks to Battle Credit Crisis
WASHINGTON — The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks.
The Fed said it was […]
Government Cracks Down on Unfair Credit Cards
Government Cracks Down on Unfair Credit Cards
WASHINGTON — The Federal Reserve and other regulators are moving Friday to crack down on “unfair and deceptive” practices in the credit card industry that have added billions in debt to people already struggling to cope with […]
Better Than Expected Non Farm Payrolls in April
Better Than Expected Non Farm Payrolls in April In April, the U.S. economy lost only 20K jobs, which was much better than expected The unemployment rate ticked lower to 5.0% from 5.1% in March The losses were pretty widespread with the largest losses recorded in trade and transport, retail trade, construction and manufacturing
The nonfarm payrolls […]