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Friday, July 6, 2012

Financial news 07/06/2012

ZH: California officials consider eminent domain to restructure mortgages
Reuters: Weak manufacturing, retail and job growth dim Q2 prospects
Fox Business: IRS inquiry of possible non-profit tax faults underway
MarketWatch: Dollar Index retracing losses after ECB rate cut
BLS: Non-farm jobs were up 80,000 in June; U.R. 8.2%
IBD: June retail sales slumped by 70% per Retail Metrics
ISM: Non-manufacturing business activity slowed 1.6 points in June
Business Insider: Gold sell off of additional 10-20% possible per guru
Bloomberg: New Jersey Governor vetoes wealth tax in favor of tax cut
CNNMoney: U.S. mutual funds lost $1.5 billion in week ending 06/27
CNBC: Greek government fell short on bailout budget requirements
BBC: Chinese central bank cuts key lending rate by 31 basis points

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