Monthly Archives: November 2011

October Home Sales Rose 12 Percent

October┬áhome sales, tabulated when a contract closes, rose 12 percent from the same month last year before adjusting for seasonal variations. Total home sales in 2010 were 4.9 million, compared with a peak of 7.07 million in 2005 during the … Continue reading

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Lower Level Of Unemployment Claims

About 388,000 people filed for initial unemployment benefits in the week ended November 12, according to the Labor Department. It marked the lowest level since April 2 and a drop from the revised 393,000 claims in the prior week. Initial … Continue reading

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Homeowners Can Expect To Pay More For Home Insurance

As FBD Insurance announced yesterday, homeowners can expect to pay more for a home insurance, as the insurance companies counted the cost of last month’s flooding. The news of higher premiums partially obscured a strong trading statement from the company, … Continue reading

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U.S. Economic Activity Continued To Expand

U.S. economic activity continued to expand in October; index of leading economic indicators rose 0.9% last month, significantly faster than the revised 0.1% rise in September and the 0.3% increase in August. The economy, after growing at an anemic pace … Continue reading

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Periodic Tests To Ensure A Stable Of U.S. Economy

Federal Reserve announced that a central bank will conduct a fourth round of stress tests in the coming weeks to determine if U.S. banks can withstand a recession. These tests are necessary to ensure a stable of U.S. economy. Federal … Continue reading

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Gold Prices Will Continue To Rise Next Week

As investors expected, gold prices will probably continue to rise next week. In the Kitco News Gold Survey, out of 34 participants, 22 responded this week. Of those 22 participants, 18 see prices up, while two see prices down and … Continue reading

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Stocks Turned Higher After Italy Approved An Economic Reform Bill

Stocks turned higher after Italy approved an economic reform bill. After Italy’s Senate passed the bill, world markets turned higher, the euro edged up and oil rose above $98 a barrel. Two-year Italian government borrowing costs dropped below 6 percent … Continue reading

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