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Thursday, August 2, 2012

Financial news 08/02/2012

CNNMoney: Income segregation rising per Pew Research Center
BI: Jobs paying $37K+/yr w/health & rtmnt benefits only 24.6% of total
• Fox Business: House of Reps. to extend Bush era tax cuts, "symbolically"
Reuters: White House cuts 2012 GDP forecast .4% to 2.3%
DOL: Jobless claims 07/28/12 365K; average 365K from 368.25K
FRB: Economy "decelerated" Q -Q2. Fed Funds rate unchanged
AOL: BoFa to never recover from lawsuits, bad loans & poor investments
CNBC: Market making glitch casts doubt on high-frequency trading
ADP: Jobs created in July, 163K; June jobs revised down to 172K
S&P: British AAA sovereign credit rating remains stable
Bloomberg: German AAA credit rating also maintained by S&P
BBC: Eurozone manufacturing contracted further in June per PMI

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