Stocks Retreat Following Housing, Consumer Data (Washington Post)
The report notes that challenges remain in terms of creditor participation in the HIPC initiative. Debt relief committed to 26 countries that have reached the debt forgiveness stage of the programme is 12 per cent below the total required. At least 24 creditor countries have not expressed an intention to provide debt relief, the report observes, and many commercial creditors "remain unwilling to participate in the initiative."
Stocks Retreat Following Housing, Consumer Data (Washington Post)
Stocks took a dive in trading today after a report showed that turmoil in financial markets had sharply reduced consumer confidence in August and the Federal Reserve released minutes showing it was then more worried about inflation than the credit crisis swirling around home mortgages and other debt.
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Financial Education to Get Out of Debt (Benton Evening News)
(ARA) - The proportion of American families carrying an average credit card balance of $5,100 rose to 46.2 percent, according to the 2004 Survey of Consumer Finances conducted by the Federal Reserve Board. Many people may not realize how debilitating this type of credit card debt can be.
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Consumer Confidence Hurt By Housing Woes (Forbes)
The Conference Board reported Tuesday that its Consumer Confidence Index slipped in August.
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U.S. stocks drop along with consumer confidence (MarketWatch via Yahoo! Finance)
NEW YORK -- U.S. stocks sold further Tuesday as Citigroup and other bank stocks took a hit and investors fretted over a drop in consumer confidence and coming commentary from the Federal Reserve.
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U.S. stocks drop ahead of consumer confidence data (MarketWatch via Yahoo! Finance)
NEW YORK -- U.S. stocks sold further Tuesday as Citigroup and other bank stocks took a hit ahead of the opening bell and as investors fretted ahead of a likely drop in consumer confidence and commentary from the Federal Reserve.
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How to Handle Debt Consolidation (Benton Evening News)
(ARA) - The average American carries about $8,500 in credit card debt. But it's likely you or someone you know is laboring under a much higher debt than that. Total credit card debt in the nation tops $1 trillion dollars.
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U.S. stocks expected to drop along with consumer confidence (MarketWatch via Yahoo! Finance)
NEW YORK -- U.S. stocks girded for further selling Tuesday as Citigroup and other bank stocks took a hit ahead of the opening bell and as investors fretted ahead of a likely drop in consumer confidence and commentary from the Federal Reserve.
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Midday Leaders & Laggards: DJIA (AP via Yahoo! Finance)
The Dow Jones industrial average fell Tuesday, with shares of credit card issuer American Express Co. dropping on reports that consumer confidence decreased in August.
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Lower US consumer confidence helps send stocks lower, investors await Fed minutes (MSN Money Canada)
TORONTO (CP) - Stock markets were negative for a second session Tuesday morning amid a disappointing earnings report from Bank of Montreal, analyst downgrades at big U.S. investment banks and sliding consumer confidence.
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Sub-prime spectre haunts credit cards (The Australian)
US consumers are defaulting on credit card payments at a higher rate than last year, raising the prospect of problems in the stricken US sub-prime mortgage market spreading to other types of consumer debt.
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Stocks Retreat Following Housing, Consumer Data (Washington Post)
Before trusting anyone to manage your debt for you, check them out with the Better Business Bureau. It is always in your best interest to be informed about the people you are turning your finances over to.
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Rendall targets PHEAA (Pittsburgh Tribune-Review)