Yahoo! News: Economy NewsEconomy NewsCongress to hear Bernanke, Paulson on market strain (Reuters)- July 15, 2008 Reuters - Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080715/bs_nm/us... Economy - Monday (Investor's Business Daily)- July 14, 2008 Investor's Business Daily - Retail sales ex autos rose 1.1% from May, the biggest gain in 7 months, as consumers spent gov't tax rebates, according to SpendingPulse, a unit of MasterCard Advisors. Most of the increase went for food, energy and other necessities. The Commerce Dept. releases official retail sales figures on Tue.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ibd/20080714/bs_ibd_... Budget woes force cuts in summer-school programs (AP)- July 14, 2008 AP - From coast to coast, tough financial conditions are forcing school districts and nonprofit groups to cut back on summer programs that are widely viewed as invaluable to both struggling and superior students.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20080714/ap_on_bi... Fed acts to stamp out deceptive mortgage practices (Reuters)- July 14, 2008 Reuters - The Federal Reserve Board on Monday approved new rules to ban misleading and deceptive practices in mortgage lending, including prepayment penalties for many subprime loans.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080714/bs_nm/us... Goldman: No turning point for U.S. housing from GSEs plan (Reuters)- July 14, 2008 Reuters - A major U.S. government plan to shore up mortgage finance firms Fannie Mae and Freddie Mac will not revive the ailing U.S. housing market yet, wrote Goldman Sachs economists in a research note dated Sunday.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080714/bs_nm/us... Government not expected to help more companies (AP)- July 14, 2008 AP - The U.S. government is signaling it won't throw a lifeline to struggling financial companies except for mortgage linchpins Fannie Mae and Freddie Mac marking a shift to a new and potentially more volatile phase of the credit crisis.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/ap/20080714/ap_on_bi... Ex-auto retail sales jump in June: SpendingPulse (Reuters)- July 14, 2008 Reuters - U.S. retail sales excluding cars jumped in June and posted their biggest one-month rise in seven months, as consumers spent some of their government rebate checks, a private report released on Monday showed.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080714/bs_nm/us... Fannie, Bernanke and data to rule stocks (Reuters)- July 13, 2008 Reuters - The bears have Wall Street cornered and they just won't let go.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080713/bs_nm/co... Small towns get creative as fuel costs bite (Reuters)- July 13, 2008 Reuters - Police officer James Denman gets a cup of coffee at a local convenience store as he prepares to swap his gas-guzzling squad car for a more energy-efficient patrol vehicle -- a bicycle.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080713/us_nm/ec... Paulson cool to shield FannieFreddie investors: report (Reuters)- July 12, 2008 Reuters - U.S. Treasury Secretary Henry Paulson is insisting that if Fannie Mae and Freddie Mac need rescuing, the plan should not benefit shareholders of the giant mortgage finance firms, the Wall Street Journal said on Saturday.http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20080712/bs_nm/fa... |