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Inflation hits appetite for gadgets? |
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Thursday, 03 July 2008 |
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As inflation drives up the cost of living, technology analysts are watching for signs of slowing consumer spending on 'lifestyle' items. On June 27, Sony Ericsson cited moderating demand for mid to high-end mobile phones as a factor in its need to issue a profit warning for the second quarter. So are rising fuel, food and mortgage costs beginning to eat into people's budget for gadgets? Reuters Technology Correspondent Matt Cowan reports. |
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Thursday, 03 July 2008 |
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07/03/08 The Dow ends Thursday's session wiht gains as General Motors shares rebound. |
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Economist Parses the Jobs Data |
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Thursday, 03 July 2008 |
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The U.S. economy shed 62,000 jobs in June and more Americans filed first time unemployment claims last week. John Lonski, chief economist at Moody's Capital Markets, talks with Kelsey Hubbard about the new data and how it's more evidence of a recession. (July 3) |
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Employers cut jobs for sixth straight month |
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Thursday, 03 July 2008 |
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Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 percent. (July 3) |
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Unemployment and Oil on Investors' Minds Ahead of Holiday |
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Thursday, 03 July 2008 |
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16,000 more Americans joined the unemployment line last week and continuing claims higher; 62,000 jobs were shed in June and the unemployment rate held at 5.5 percent. Oil touched new high of $145 a barrel after a drop in stockpiles; And due to high gas prices fewer Americans will be traveling over the 4th of July weekend according to AAA. Kelsey Hubbard reports |
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