
5:12am: At least a dozen new pipeline projects are slated to carry oil from the mid continent to the Gulf Coast, potentially lowering gas prices but coming with an environmental toll. More
Former Labor Secretary Robert Reich says the growth in income for the top 1 percent has limited purchasing power for the rest. Play

Falling energy prices kept inflation stable and retail sales barely changed in April.

It's probably impossible for the broader economy, but 0% unemployment has happened on a smaller scale.

College grads who majored in actuarial science or astrophysics have a practically nonexistent unemployment rate.

California budget deficit swells to $16 billion, from $9 billion in January. Governor Jerry Brown wants to raise taxes on the rich to prevent massive spending cuts.

China's central bank took further action Saturday to stimulate its economy.

JPMorgan's $2 billion trading loss has Congress talking about big banks again. Senate Banking committee plans hearings.
Illinois-based Elastec/American Marine has seen demand for their oil cleanup products grow since they helped cleanup the Deepwater Horizon spill in the gulf.

The issue of how best to prevent another financial crisis has the potential to move to the fore of the political discussion.

Many things need to go right to successfully work through the Greek mess without knocking the eurozone economy over.

Critics are trumpeting JPMorgan's $2 billion hedging blunder as fodder for measures that would cut too-big megabanks down to size.
| Latest Report | Next Update |
|---|---|
| Inflation (CPI) | May 15 |
| Retail sales | May 15 |
| Home Prices | May 29 |
| Consumer Confidence | May 29 |
| GDP | May 31 |
| Jobs | Jun 1 |
| Manufacturing (ISM) | Jun 1 |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.75% | 3.78% | |
| 15 yr fixed | 3.03% | 3.02% | |
| 5/1 ARM | 2.67% | 2.72% | |
| 30 yr refi | 3.82% | 3.84% | |
| 15 yr refi | 3.14% | 3.13% |
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