Group items tagged

"Upbeat US economic news led to the rise of oil prices Wednesday, while scorching temperatures lifted natural gas to its highest level in more than five months."

"Reverse mortgages are increasing in the US as homeowners are taking out a reverse mortgage at the first available opportunity, which is the age of 62, as per federal law. Most of the home owners are paying off their debt with the proceeds and also using it to supplement retirement income."

"Although, the demand for long-lasting manufactured goods sprang back more than expected in May with an increase in a gauge of planned business spending, this momentum is not likely to be sustained due to a staggering global economy."

"Consumer confidence in the US has come down for a fourth consecutive month in June on rising concerns regarding jobs and incomes that have dampened the outlook for spending. The sentiment index has dropped to 62, which indicates a five-month low, from a revised 64.4 in May."

"Brent crude held steady at $100 per barrel on Wednesday on hopes of stimulus action because of weak global economic data and supply disruption worries over rising tensions due to Iran's nuclear program. "

"Patriot Coal Corp has filed for bankruptcy protection as it was facing increasing pressures in recent months with demand for coal plunging to a 24-year low due to a shift to natural gas and milder winters, falling thermal coal prices, canceled customer contracts and rising costs for environmental liabilities. "