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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Economy Watch: May 23, 2010 - May 29, 2010

Stocks have worst May in decades

UPDATED at 4:12 p.m.: Stocks staggered out of their worst May in decades, with all three major indices closing down on the day and well down for the month, driven down by the European debt crisis and anxiety in Asia....

By Frank Ahrens  |  May 28, 2010; 4:12 PM ET  |  Permalink  |  Comments (29)
Categories:  Wall Street  
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April personal income up, spending flat

Americans' personal income rose 0.4 percent in April compared with the same period last year, while personal spending was unchanged, meaning that we're earning a little more but not spending it all. The numbers were largely in line with expectations....

By Frank Ahrens  |  May 28, 2010; 8:43 AM ET  |  Permalink  |  Comments (3)
Categories:  Data  
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Stocks close at day's highs, thanks to China

UPDATED at 9:20 p.m. to fix Dow closing figure: Stocks sprinted through the finish this afternoon, hitting their highs of the day in the last 30 minutes, as a muscular day-long rally closed out strongly. It was the best day...

By Frank Ahrens  |  May 27, 2010; 9:20 PM ET  |  Permalink  |  Comments (19)
Categories:  Wall Street  
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Duck a la Fool: Star Aflac duck visits Motley Fool HQ

Alexandria's Motley Fool hosts business leaders and other economic thinkers from time to time. Today's guest was Dan Amos, chairman of Aflac, the supplemental insurance company. But the real star of the day was the duck. (Pictured above with...

By Frank Ahrens  |  May 27, 2010; 3:08 PM ET  |  Permalink  |  Comments (0)
Categories:  Corporations  
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New weekly jobless claims drops, but so does first-quarter GDP

New weekly jobless claims filed last week dropped by 14,000, in line with expectations, but first-quarter U.S. GDP was revised slightly downward, from a 3.2 percent to a 3 percent annual rate, the government said moments ago, in two data...

By Frank Ahrens  |  May 27, 2010; 8:26 AM ET  |  Permalink  |  Comments (9)
Categories:  Data  
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Late-day slump takes stocks into red, erases day's gains

Updated at 4:07 p.m.: Stocks turned negative in the last 30 minutes of trading today, wiping out triple-digit gains from a day spent largely in positive territory. The Dow broke the 10,000 level again, closing down seven-tenths of 1 percent...

By Frank Ahrens  |  May 26, 2010; 4:07 PM ET  |  Permalink  |  Comments (12)
Categories:  Data  
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Video: Talking about trouble in Korea, stocks, financial regulation and taking your questions

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By Frank Ahrens  |  May 26, 2010; 3:25 PM ET  |  Permalink  |  Comments (0)
Categories:  Video  
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Late-day rally ends down bad day on brighter note

Gallery: Stocks tumble worldwide on euro worries, rising tension in Korean Peninsula UPDATED at 4:08 p.m.: Stocks staged a strong rally beginning at about 2 p.m. today and wiped out most of the losses of an abysmal opening. After...

By Frank Ahrens  |  May 25, 2010; 4:08 PM ET  |  Permalink  |  Comments (36)
Categories:  The Ticker  
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Hilarious Aussie video explaining Europe's impossible debt problem

On a day filled with tough economic news, here's some well-earned levity. It's a terrific comic video from the Australian duo of Clarke and Dawe incisively explaining Europe's impossible debt situation. Wait for the payoff line about the U.S....

By Frank Ahrens  |  May 25, 2010; 2:39 PM ET  |  Permalink  |  Comments (0)
Categories:  Video  
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Big sell-off at end of day crushes stocks

UPDATED at 4:25 p.m.: Stocks experienced a bad sell-off in the final moments of trading today, as Wall Street got spooked again over European debt, this time because the Spanish government took over a failing bank. The Dow closed down...

By Frank Ahrens  |  May 24, 2010; 4:25 PM ET  |  Permalink  |  Comments (5)
Categories:  Wall Street  
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GE's Immelt to college graduates: You're pretty much hosed.

Just so you won't think it's only me harshing all over Europe all the time, here's General Electric chief executive Jeff Immelt offering some uplifting words for the Boston College class of '10 today: "We are at an unprecedented moment...

By Frank Ahrens  |  May 24, 2010; 3:08 PM ET  |  Permalink  |  Comments (1)
Categories:  Corporations  
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