Sales of existing U.S. homes jumped more than forecast in July to the highest level in almost two years, signaling the housing crisis that defectived the world’s largest economy is to comfort. Purchases climbed 7.2 % to a 5.24 million yearly rate, the most since August 2007. The gain was the biggest since records began in 1999. The median price ...

The impacts of the contraction are being felt in the airline industry, with employee cutbacks continuing to be a trend. This week, the Bureau of Transportation Statistics reported that in June, passenger airlines employed 6.3 %fewer worker than they did in June 2008. This was said to be the 12th consecutive year over year fall. The trend was said t...

Australia’s dollar may fall to the lowest level as implied volatility surges, according to technical analysts at Citigroup Inc. Implied volatility on 3-month Australian dollar-yen options is “on the cusp of a surge” as it faces resistance at a 76.4 % so-called Fibonacci retracement from its October peak of 53.31 %, wrote Citigroup analysts. ...

Canada’s dollar decrease  as a government report showing the nation’s economy lost more jobs in July than economists forecast outweighed gains in stocks and a report showing U.S. employment losses slowed. “The Canadian employment data was a big hit” on Canada’s currency, said Sacha Tihanyi, a currency strategist in Toronto at Scotia Cap...

Crude oil was little changed as equities decreased and the dollar strengthened, undermining the need to use commodities as an alternative investment. Oil dropped as much as 2.5 /cent after a disappointing forecast at Cisco Systems Inc. and lower than estimated earnings at Metro PCS Communications Inc. depressed stocks. U.S. crude-oil stockpiles cl...

Oil prices fell to about $71 a barrel Thursday on more evidence of consumer anxiety and also growing supplies of unused crude and natural gas. Benchmark crude for September delivery fell 97 cents to $71 a barrel on the NYME(New York Mercantile Exchange). In London, Brent prices fell 57 cents to $74.94 a barrel on the ICE Futures exchange. Crude has...