Florida's Unemployment Rate is Stable

Posted on 11/20/2009 @ 2:30 PM in #Finance by EQUITIESMAGAZINE 0 comments

This just in, Florida's Unemployment Rate has stayed the same, meaning everyone that is retired is still retired. In Miami, all the people who seemingly never go to workare doing so to the best of their ability and will be spending the day at the beach.

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/20/2009 @ 11:01 AM in #Finance by Small Cap 0 comments

Overseas markets declined. European Central Bank President Jean-Claude Trichet said the ECB plans to start pulling back some of its stimulus programs as the economy begins to recover. With little U.S. economic news to help sway the market Friday, the dollar is again pressuring stocks. A strengthening dollar drives down foreign demand for commodities, which are often traded in dollars. It also can depress U.S. exports which become more expensive as the dollar rises. That can hurt the price of energy and materials stocks that are closely tied to commodities and companies with large operations overseas. A disappointing earnings report from computer maker Dell Inc. is also weighing on the market. Dell said after the market closed Thursday that sales of its computers to big businesses remain sluggish. Its quarterly revenue and profit missed analysts' expectations. As investors poured out of stocks, they moved into safer investments like Treasury bonds. The yield on the three-month T-bill, which moves

Mortgage Refinance Rates Dropping Down This Week Too

Posted on 11/20/2009 @ 4:32 AM in #Finance by mortgagerefinance 0 comments

U.S. mortgage rates fell under 5 percent for the unparalleled in last three weeks, a key level which could boost home loan demand and assist the hard-hit housing marketplace get better, a intimately watched mortgage analysis showed last Thursday. Rate of interest on U.S. 30-year fixed-rate mortgages standard 4.98 percent for the week ending November 5, down from the preceding week's 5.03 percent, as per to a survey released on Thursday through home funding company Freddie Mac. Many industry professionals take 5 percent as a key psychological level for borrowers. As mortgage refinance rate go below this threshold, home loan demand tends to increase, as the opposite holds true when rates increase. A year before 30-year mortgage rates standard 6.20 percent. Number of experts even stated that business is as busy as ever and expect mortgage rates staying stable before increasing a bit in 2010. Even this small increase in rates would take away a bit of the mortgage refinancing action and would put some of more

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/19/2009 @ 11:09 AM in #Finance by Small Cap 0 comments

Major indexes dropped more than 1 percent, including the Dow Jones industrials, which tumbled 130 points. Investors showed little deference to a new report on weekly unemployment claims that was in line with expectations. The Labor Department said the number of newly laid off workers seeking unemployment benefits for the first time was unchanged last week at 505,000, matching economists' expectations. Unemployment has been one of the market's biggest ongoing concerns. Consumers worried about their jobs have cut back on spending, which has slowed the recovery. Investors are looking for any signs that shoppers are more likely to start spending again, especially as the crucial holiday shopping season approaches. The market's early slide follows a slight dip in stocks on Wednesday and heavy selling of shares overseas. Asian markets fell amid fresh worries about the financial sector as Japan's biggest bank, Mitsubishi UFJ Financial Group, said it plans to raise $11.2 billion to shore up its balance

Charlie Gasparino Offers Insightful Remarks about Blankfein

Posted on 11/18/2009 @ 6:41 PM in #Finance by EQUITIESMAGAZINE 0 comments

CNBC's on-air editor Charlie Gasparino thinks Goldman Sachs C.E.O Lloyd Blankfein should resign, he also thinks he is a twerp, with a half a nut. If you were wondering if I'm taking creative license on that one, I'm not. That is a direct quote. Now as a member of the news media, Gasparino is well aware of the dangers of a defamation suit, so I have to assume that Gasparino has done his research on this whole half a nut thing. Was it a little side-eye on a trip to the urinal at 85 Broad street? Or maybe all the resentment stems from a business-pleasure cocktail gone wrong. Whatever it was I'm going throwing "Lloyd Blankfire" out there as a potential nick name.

Air France, Housing, BJ's; Everybody Loses

Posted on 11/18/2009 @ 2:34 PM in #Finance by EQUITIESMAGAZINE 0 comments

Today in the news, everything is down. Okay, not everything, but after last weeks surging stock market and high spirits, this weeks barrage of bad news is encouraging a lot of analysts to eat their words about the speed of the recovery. Housing starts failed to reach predicted numbers and a rising dollar is discouraging for investors. Air France posted tremendous losses as did discount superstore, BJ's.In other news, China is being selfish by refusing to allow the yuan to to rise against the dollar, my dog died, grandfather's everywhere are crying.

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/18/2009 @ 11:38 AM in #Finance by Small Cap 0 comments

The Commerce Department said construction of homes and apartments fell 10.6 percent in October to an annual rate of 529,000, well below the pace of 600,000 that economists polled by Thomson Reuters had predicted. Building permits, a key indication for future activity, slid 4 percent to an annual rate of 552,000, also below the rate of 580,000 that analysts had forecast. There was little reaction to a report that found inflation at the retail level remained tame as rising unemployment, nervous consumers and tight credit keep prices stable. The Labor Department said consumer prices rose 0.3 percent in October, slightly above the 0.2 percent economists expected. Core inflation, which excludes volatile energy and food prices, rose 0.2 percent, compared to expectations of a 0.1 percent rise. A report released Tuesday on prices at the wholesale level showed rapid inflation was not imminent, supporting comments from Federal Reserve Chairman Ben Bernanke's earlier in the week. In midmorning trading,

Get Approved for Home Mortgage Refinance Loan with Bad Credit to Improve Financially

Posted on 11/18/2009 @ 5:32 AM in #Finance by mortgagerefinance 0 comments

Refinancing home mortgage is easy for those homeowners who have good credit but what about those who have bad credit; it is difficult to get home loan with bad credit. There are many reasons to have bad credit. If you score is between 600 to 700 than one can easily get best interest rates and no need to pay higher interest payments. Your credit score work as an indicator; lender will accept homeowner’s application based on credit score. In bad financial situation, things just seems to be getting worse instead of better, you can find here probable source of light at the end. Although you have been rejected for refinancing your home loan at the traditional lender or local bank, and even though the information regarding home loans seems grim, it is still likely to get bad credit refinance home loan. You can easily get financial relief through refinancing home with bad credit in several ways. Through home refinance, you may be able to lower your monthly payments. If you have already paid off the balance of the

Impact Fusion International Develops Caffeine Free 2 Ounce Hangover Relief Drink and PepsiCo Declares Dividend

Posted on 11/17/2009 @ 1:48 PM in #Finance by Small Cap 0 comments

Consumer Goods industry news provided by Financial News USA. Impact Fusion International (Pinksheets:IFUS) announced today it has developed a natural caffeine free "hangover" relief beverage to be sold in a 2 ounce shot. The beverage will contain Impact Fusion International's proprietary blend Nutri-Mastic(TM). The product has been developed for a U.S.-based multimillion dollar beverage company with distribution in more than half of the United States Market. The Board of Directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of $0.45 per share on PepsiCo common stock. The dividend is payable January 4, 2010, to shareholders of record on December 4, 2009. This quarterly dividend is a 6 percent increase versus the comparable year-earlier period. Dr Pepper Snapple Group Inc. (NYSE: DPS) said Thursday its third-quarter profit rose 42.5 percent, as the company benefited from lower costs, even while its sales fell. The company raised the lower end of its full-year guidance for the year,

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/17/2009 @ 11:26 AM in #Finance by Small Cap 0 comments

Investors are examining earnings reports from retailers, looking for signs of strength in consumers. A report showing a rebound in retail sales helped push major indexes higher on Monday. Consumer spending accounts for about 70 percent of all economic activity in the nation, and a rebound in spending -- especially during the holiday season -- is necessary for a strong economic recovery. Home Depot Inc., Saks Inc. and Target Corp. all reported better-than-expected third-quarter results Tuesday morning, but say they remain cautious of a potential rebound and ahead of the key upcoming holiday season. Fed chairman Ben Bernanke reiterated Monday that an economic recovery is likely to be only moderate. He also said the pace of the recovery will keep unemployment from declining quickly. Consumers' anxiety about their job security has been the primary factor behind their modest spending. Traders received a disappointing report on industrial production. The Fed said production at the nation's factories,

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/16/2009 @ 11:24 AM in #Finance by Small Cap 0 comments

Investors grew more upbeat about the economy Monday after retail sales rebounded more than expected in October on higher auto sales. The stock market's gains followed advances overseas propelled by a weakening dollar and stronger gold prices, which boosted commodities and shares of companies that produce raw materials. The Commerce Department said retail sales rose 1.4 percent in October, easily surpassing the 0.8 percent increase forecast by economists polled by Thomson Reuters. It was a sharp rebound following the 2.3 percent drop in September. Excluding the gain from autos, however, sales rose just 0.2 percent, half of what economists predicted. In late morning trading, the Dow rose 126.29, or 1.2 percent, to 10,396.76. The Standard & Poor's 500 index rose 16.53, or 1.5 percent, to 1,110.01, while the Nasdaq composite index rose to 28.76, or 1.3 percent, to 2,196.64. Yesterday’s Top Performing Small Cap stock: Qualsec (OTC BB: QLSZ) was a SmallCapVoice.com top performer yesterday closing up

Essential Tips for Home Mortgage Refinance

Posted on 11/16/2009 @ 4:39 AM in #Finance by mortgagerefinance 0 comments

While planning for home mortgage refinance, one needs to be careful with the interest rates offered. It is advisable to look for long term benefits before opting for a mortgage refinance option. Probably if not taken care, one may land up with paying higher rate of interest. Hence, one should make a comparison between the different lenders. This can help you make correct decision. Comparison between the fixed rate loan and Adjustable loan rate. In the present situation, the rate of interest is increasing every day and hence affecting the variable loan rates. However, one can avail the option of fixed rate loan. Opting for variable loan rate, one can avail features like lower limit rates and removal of cash from the home equity. Inquiring about the annual percentage and the fees associated with home mortgage refinance is an essential requirement to make a deal. It is advisable to inquire about the total saving that the borrower will make after loan modification. The best way to save money during

Obama in Tokyo for Asian Rebalancing Conferences

Posted on 11/13/2009 @ 6:56 PM in #Finance by EQUITIESMAGAZINE 0 comments

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Goldman Sachs Cancels Christmas

Posted on 11/13/2009 @ 3:00 PM in #Finance by EQUITIESMAGAZINE 0 comments

Earlier this week we heard about Goldman Sachs abandoning kittens and now they're canceling Christmas. In response to populist outcry in response to the outrageous bonuses (a rumored $23 billion.), Sachs has chosen to cancel their company Christmas party.On the surface this bit of discretion seems appropriate, but as we learned last year around the end of September with the crash, sometimes these IB folk just don't think ahead. What of all the peons, the same ones hooting and hollering about the extra millions in the Gold lined pockets of bankers, who would have received just a little piece of the pie for their role in the lavish affair?Man, you guys can't do anything right.

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/13/2009 @ 11:21 AM in #Finance by Small Cap 0 comments

Stocks turned higher a day after a slide as investors weighed a bigger-than-expected increase in the trade deficit and more retail earnings reports. A disappointing report on consumer sentiment briefly sent stocks lower. The Commerce Department said Friday that the trade deficit jumped 18.2 percent in September to $36.5 billion. That was the largest deficit since January and more than the $31.7 billion imbalance economists had expected. The wider deficit was driven by a big rise in imports, led by a jump in oil shipments. That overwhelmed a fifth consecutive increase in exports. Exports are expected to continue to rise as the dollar continues to weaken, which makes U.S. exports less expensive to overseas buyers. The preliminary Reuters/University of Michigan consumer sentiment index for November came in at 66.0, down from 70.6 in October. That made investors nervous that cautious consumers wouldn't step up spending at the holidays. A better-than-expected earnings report from teen clothing

Home Mortgage Refinance Loan - Benefits of Getting One

Posted on 11/13/2009 @ 5:13 AM in #Finance by mortgagerefinance 0 comments

The best option to refinance your home mortgage is home mortgage refinance loan. Many people have fear about the charges applied because they are not aware of such loans. They are not aware regarding the procedures and are bothered about the hidden cost involved in availing the loan. You can find numerous lenders in web some of them charges the borrowers for consulting and so many charges before the mortgage refinance loan is really processed. In such case if borrowers don’t get loan, they may have wasted time and money for pre-processing the loan. Here you can find several tips about how to get started for mortgage refinancing and to avail benefits by getting right loan for refinancing. Different people have different financial situation and as per situation, the requirement is different. If the property cost improved in the recent instance, then there possibility of qualify for an improved mortgage refinance rate with a latest refinance loan. Interest rate coupled with the repayment period will

Bill Gates thinks Wall Street Compensation Is 'Too High'

Posted on 11/12/2009 @ 2:48 PM in #Finance by EQUITIESMAGAZINE 3 comments

Bill Gates, the world's richest man apparently takes issue with Wall Street's compensation for top execs. "The compensation problem is a very interesting problem." he said "I do think compensation is often too high, but it's a very tough problem to solve."He's right you know, he doesn't need hordes of Investment Bankers jacking up the real-estate prices for private islands and outbidding him at Christie's for that 1787 bottle of Chateau Lafitte. Actually, Gates made a number of insightful points on the topic, it's just difficult to swallow the capitalist poster boy critiquing salaries.

Fed Cracks Down on Overdraft Fees

Posted on 11/12/2009 @ 1:53 PM in #Finance by EQUITIESMAGAZINE 2 comments

Glory Glory Hallelujah, the Federal Reserve has finally cracked down on the highway robbery that is overdraft fees. Banks have been raking in up to $38 billion annually in overdraft fees, with some of them charging up to $39 every single time someone exceeds their account limit by even a penny. New rules have been put in place that require banks to elucidate card policies and fees. Express permission by the consumer will be mandatory for banks to charge overdraft fees on purchases and ATM withdrawals beginning in July of 2010. On a related note, Bank representatives charged with handling furious debit cardholders nearly bankrupted by overdraft fees will maintain their hearing for up to 10 years longer.

Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com

Posted on 11/12/2009 @ 12:08 PM in #Finance by Small Cap 0 comments

Stocks drifted lower early Thursday as news of an improving job market failed to offset the market's disappointment over sales at Wal-Mart Stores Inc. The Labor Department said new claims for unemployment insurance fell to a seasonally adjusted 502,000 from an upwardly revised 514,000 the previous week. That's the fewest claims since the week ending Jan. 3, and below economists' estimates. The news is evidence the job market is slowly healing. But investors are more concerned by Wal-Mart's lower than expected third-quarter sales, a sign of weak consumer spending. While the nation's biggest retailer reported third-quarter earnings that beat analysts' expectations, it said sales at stores open at least a year dropped during the quarter. Wal-Mart also said sales at existing stores would range from a drop of 1 percent to a gain of 1 percent in its fourth quarter, a disappointment for investors. Sales at stores open at least a year are an important indicator of a retailer's strength. Because of its

Mortgage Rates Going Down As Investor Sentiment Changes

Posted on 11/12/2009 @ 5:46 AM in #Finance by mortgagerefinance 0 comments

It looks as if that market applicants have fallen back in the fixed earnings. Because of mortgage refinance rates MBS and treasuries both posted a strong rally. Mortgage backed securities improved by an additional 50 basis tips that permitted every lenders to reissue latest rate sheets after the gain held through close. Serving to endorse fixed earnings is varying investor sentiment concerning inflation, insist for US debt, and prospects for economic recovery. We receive 3 portions of financial data on that subsequent day, out of which 2 were constructive for Mortgage backed securities. First out was Housing Starts that came in significantly higher than economist’s potential. This news might usually assist stocks as new home building leads to higher use sales, furnishings, flooring sales, etc... However stocks would lose out, suggestive of the latest rally can be over bought as few had disputed. We even got the monthly Producer Price guide that offers a measure on inflation. Refinance Your Mortgage at