Forex News and Rumors

US New Jobless Claims Decrease

The US Labor Department announced that the number of new unemployment claims decreased last week, as did the number of people receiving unemployment benefits. More

First Goldman Sachs, Now JPMorgan Chase Show Massive Profits

Just one day after Goldman Sachs announced record profits of $3.44 billion, JPMorgan Chase announces that its profits for the second quarter increased by 36 percent to $2.72 billion. More

CIT Faces Possible Bankruptcy

CIT Group – a major lender to small and medium-sized businesses – appears to be on the brink of collapse as bailouts talks with the US Treasury have failed to provide additional funds. More

US Foreclosures Rise 15%

The foreclosure rate for US homes jumped 15 percent in the first half of 2009 due mostly to higher unemployment making it difficult for individuals to pay their monthly mortgages. More than 1.5 million homes were foreclosed since January 2009 according to listing service RealtyTrac Inc. More

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