U.S. Jobs Report Looks Good but Greece Fears Weigh on Markets
An encouraging U.S. jobs report was not enough to give the markets a lift on Friday as worries about Greece’s debt crisis continued to weigh on sentiment.
Fed Leaves Rates Unchanged; No Plans for QE3
The Fed announced that it is making no change to U.S. interest rates. In addition, it has no plans for a QE3 when QE2 ends on June 30.
Cohen & Steers ETF Taps Into Anticipated Global Real Estate Boom
Advisors and investors looking to profit from the global economic recovery forecast for 2011 are tapping into real estate via a Cohen & Steers ETF pegged on the firm's index.
Chicago PMI Manufacturing Up; Case-Shiller Home Prices Down
Chicago PMI showed a business barometer reading of 62.5 in November while the S&P/Case-Shiller home price index declined 2% in the third quarter.
Housing Starts Dropped Precipitously in June, Commerce Department Says
New home and apartment construction statistics for June showed a precipitous drop in housing starts, which were 5.0% below the revised estimate for May and 5.8% below the June 2009 rate, the U.S. Commerce Department reported.