Business News

How Low Can Oil Go?

For the optimist on this snowy day.  In in 1972 the Dow Jones Index first crossed 1000.  It fell back and it took 10 years to get there again.  Yesterday the Dow closed at a record 17652.79, some 17 times larger than 42 year ago.  (CNBC)

The latest figures on U.S. monthly hiring are at their highest level since 2007. Both hires and separations increased in September, to 5.0 million and 4.8 million respectively. The number of quits increased from 2.5 million in August to 2.8 million in September. This represented the country's highest level of quits since April 2008. The job market continues to get stronger. (CNBC)

Mortgage applications to purchase a home are 11% below year-ago levels. A bright spot in the mortgage market appears to be from veterans. Loans guaranteed by the Department of Veterans Affairs rose to 11% of total applications. VA loans require no down payment in most cases, and do not require mortgage insurance. (CNBC)

More than five years after the foreclosure crisis began, the number of borrowers losing their homes is rising again. October saw a 15% increase from September, the largest monthly gain since the peak of the crisis in March of 2010. Foreclosure activity usually spikes in the months before the holiday season, as banks want to get as many done before implementing holiday moratoria. (CNBC)
 

On Air Now

Lars Larson
Lars Larson
7:00pm - 10:00pm
Lars Larson

FlashAlert

KBND ON FACEBOOK

News Disclaimers