Gold fell for the second day in a row Monday, tumbling more-than 8% in two days to reach a low of $1335 mid-morning Monday, its largest drop in 30 years. While the WSJ quoted China's economic woes, the real culprit were gold contracts which caused investors to either pony up more cash or sell. Silver also had a fateful day, dropping more-than $2 dollars.
Consumers were more optimistic about the U.S. economy in February, according to the latest Conference Board data, rising more-than 11 basis points over January.
By Freddie Mooche
(AXcess News) Washington - The Conference Board reported that the Consumer Confidence Index rose 11.2 basis points in February to 69.2 compared to 58.4 the prior month. The Board attributed the sharp increase in consumer confidence to fears over the fiscal cliff in Washington and tax increase abating.
A review of the USDA's 2013 and 2014 corn and soybean crop projections, based on weather conditions, crop size and demand.
By Darrel Good
(AXcess News) Springfield, IL - The USDA's Interagency Commodity Estimates Committees prepared projections for the 2013-14 U.S. marketing year for corn and soybeans (as well as other crops) presented at the USDA's 2013 Agricultural Outlook Forum on February 22.
Few in Washington believe that "the sequester,” $85 billion in automatic spending cuts set to hit the federal budget as of March 1, is a good idea. It has been described variously as a blunt instrument, a cleaver, stupid, and akin to shooting the Department of Defense in the head. But what’s been proposed as an alternative?
By David Grant,
Staff writer, CSMonitor
(AXcess News) - 1. The defense hawks: ‘Shrink the federal workforce instead’
Recent reports forecast lower spending for this year, anticipating that the restored payroll tax will impact consumers' wallets, especially low-income earners. Wal-Mart is adjusting its strategy.
By Husna Haq,
(AXcess News) New York - Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers' disposable income, leaving them with less cash to spend on clothing, groceries, and eating out.
Existing home sales were only up marginally in January, indicating a flat recovery. Existing home sales rose 0.4% or 4.92 million units and while existing home sales were flat, compared to year-ago figures, sales are 9.1% higher.
By Freddie Mooche
(AXcess News) Washington - Existing home sales were flat in January, following a downward revised December. Data shows that on an annual rate existing home sales were 4.92 million, a 0.4% increase over December's 4.9 million.
While McClendon will now go into a very wealthy retirement, he leaves behind a decimated market and a long road to making natural gas a true transition fuel to energy independence and a renewable future.
A record number of women are Fortune 500 CEOs. Women are launching businesses at 1.5 times the national average. There are now 8.2 million American women running their own companies. "The numbers are notable," says executive and business coach Debora McLaughlin, author of "The Renegade Leader: 9 Success Strategies Driven Leaders Use to Ignite People, Performance and Profits."