Government debt prices move higher after Labor Department reports unemployment rate spiked to 10.2%. Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% — its highest level since April 1983.
The jump raised demand for the perceived safety of government-backed debt, which typically attracts investors in times of economic uncertainty.
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Nov
7
The U.S. unemployment rate jumped from 9.8% to 10.2% in October, the U.S. Bureau of Labor Statistics reported on Nov.6. That rate exceeds economists’ estimates of 9.9% and is the highest since April 1983.
Nonfarm payroll employment declined by 190,000, more than the 175,000 jobs that economists had forecast. The largest job losses in October were in construction, manufacturing, and retail. The economy lost 219,000 jobs in September, revised from a previous estimate of 263,000. In the last three months, job losses have averaged 188,000 per month, compared with an average of 357,000 during the prior three months.
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Nov
6
NEW YORK (Reuters) – CIT Group Inc’s bankruptcy case was reassigned on Monday to U.S. Bankruptcy Judge Allan Gropper following the recusal of Judge Robert Gerber, who had been assigned the case hours earlier.
A courtroom deputy for Gropper said Gerber recused himself from the case. The deputy did not give a reason for the recusal. Gerber’s chambers had no immediate comment.
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Nov
6
Business Credit Card Application
NEWFIELD NATIONAL BANK — VISA BUSINESS CREDIT CARD APPLICATION
Request Type Credit Line Billing Option New Account Line Increase
Credit Limited Requested:
Revolving (R)
Pay In Full (P)
Business Information Legal Name of Business Business Name to Appear on Card (24 characters or less) Business Physical Address (No P.O. Boxes)
Business Mailing Address
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Oct
3
Content: Credit card tips to eliminate credit card debt, Stop adding to the Credit cards problem, How to set up a budget for your Credit Cards, How to Use cash rather than credit cards when possible, How to get a better rate on your existing credit card, How to apply all extra cash to the debt with the highest interest rate.
Credit card and other personal debt is an unfortunate fact of American life. Our consumer society bombards us with buy-it-now messages through every conceivable advertising medium. Of those households that have credit cards, about 58 percent carry a balance, according to the Federal Reserve. This is an alarming statistic that should get everyone’s attention.
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Sep
26
Posted in Uncategorized by Admin - Aug 20, 2009
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Increase payments to your business through credit card processing. Learn about small business credit card processing in our buyers’ guide, and get free FREE guide to credit card processing solutions and merchant accounts FREE guide to credit card processing solutions available. What merchant accounts are and how they work.
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Aug
20
Upcoming Credit Card Protections File Format PDF View Upcoming Credit Card Protections. Most of the new law would go into effect 9 months after the date of enactment. Upcoming Credit Card Protections View Upcoming Credit Card Protections. The Senate just passed a bipartisan credit card reform bill which provides the following protections. Effective Date Credit Card Changes Five Waysto Protect Yourself Money Under 30 This year’s credit card reform laws will deliver consumers long-overdue protections Card issuers are already taking inactive credit card accounts and Sign up for email alerts of upcoming payments or automatically
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Aug
17