Private Fixed Investment Signaling A Recession?
The U.S. trade deficit narrowed in May from April, helped by cheaper oil that lowered imports and an increase in American exports to Europe and China.
But economists cautioned that decline wasn't enough to alter weak growth forecasts for the April-June quarter.
The Commerce Department said Wednesday that the trade deficit fell 3.8 percent to $48.7 billion in May, down from $50.6 billion in April.
Exports rose 0.2 percent to $183.1 billion. The increase reflected stronger sales of telecommunications equipment and heavy machinery.
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(CRWE, VPG, GDP, GBLHF, MBT) Featured Stock by Stock-PR.com
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Libyan Colonel Gaddafi’s 42 year brutal reign is over, but the future looks murky ahead for a country primarily known for exporting oil and terrorism.
One thing is for certain – international oil companies will be packing out flights to Tripoli to cut deals for a piece of the action.
(GDP, QIHU, MJGCF, URI) Noticeable Stocks by BestOtc.com
Goodrich Petroleum Corp (NYSE:GDP) announced that it has scheduled a conference call on Thursday, November 3, 2011, at 11:00 AM, Eastern Time, to discuss its third quarter 2011 operations and earnings. The Company plans to issue its third quarter 2011 earnings release on Wednesday, November 2, 2011 after the close of trading on the NYSE.
(KB, MJGCF.PK, GDP, COH) Stock in Review by CRWEWallStreet.com
KB Home (NYSE:KB) announced the opening of ten new communities of its signature Built to Order™ energy-efficient homes, all located in and around the Bay Area. The communities are located in seven of the Bay Area's most desired submarkets including the cities of Dublin, Fremont, Martinez, Morgan Hill, Petaluma and Walnut Creek.
Gold is off to the races once again as central banks continue to look for a way to keep European Union countries from defaulting. At this time, gold seems to be the only safe haven currency in the world that investors have any faith in. The SPDR Gold Shares(NYSE:GLD) are trading higher by $1.90 to $173.70 a share. Traders can watch for some minor intra-day resistance around the $174.00 level.