Stocks were doing just fine for most of the week only to get clobbered by a dismal July jobs report that sent shivers through the market. Despite some recent good news, the jobs report provides evidence that the economy is not rebounding as quickly as hoped.
Underwater Homeowners:
This Could Get Ugly
Negative equity is linked to higher foreclosures. About a quarter of households with mortgages already owe more than their homes are worth. If prices slip further, up to half of all homeowners may end up underwater -- a scary prospect for Americans' financial health.
Continue Reading | CommentsMarket Update:
Stocks, dollar fall after weak US jobs report
Columns
Mark Hurd's Abrupt Departure Leaves HP Reeling
11:15 PM 08/06/10
Jobs Report Rattles Stocks, Renews Economy Worries
4:10 PM 08/06/10
Five 'Impractical' Majors That Might Make You Rich
6:00 AM 08/07/10
Seven Reasons Not to Send Your Kids to College
6:00 PM 08/06/10
Is investing in a college education money wasted? James Altucher, managing director of Formula Capital, says it is. In this video interview, Altucher argues that there are far better ways to put your money to work to benefit your kids. Controversial? You bet, but his ideas are certainly food for thought.
DailyFinance Wire
- Five 'Impractical' College Majors That Just Might Make You Rich
- Real Estate: The Worrying Numbers Behind Underwater Homeowners
- Target Boycott Expands Amid Confusion About Protest Goals
- After Five Years, Bill Ford Jr. Finally Gets a Paycheck
- Seven Reasons Not to Send Your Kids to College
- HP CEO Resigns Amid Sexual Harassment Allegations
- July Jobs Report Rattles Stocks and Renews Worry Over Faltering Economy
- Europe's Resilience Has Some Lessons for the U.S.
- Consumer Credit Use Fell for Fifth Straight Month in June
- California Supreme Court Eases Employees' Burden in Discrimination Cases
- Apple Eyes Acquisition of Chinese Software Firm HandSeeing
- IntraLinks Finally Gets the IPO Prize
- FCC Slams Door on More Net Neutrality Talks With Google and Verizon
- BP Could Face 12,000 Plaintiffs Unrelated to the Gulf Oil Spill
- Why Magazines' iPad Apps Get Such Bad Reader Reviews
- Romer's Departure Offers an Opportunity to Rethink U.S. Economic Policy
- Crocs Earnings: Plastic Shoe Sales Top Estimates and Shares Soar
- Kraft Earnings Top Wall Street Estimates
- Legal Briefing: Yes, the Prop. 8 Judge Is Gay -- but Don't Cry 'Bias' Just Yet
- Another Bruising Month for the U.S. Job Market
- GlaxoSmithKline Finds Compound That Could Help Fight 'Superbugs'
- Beatles Won't Be on iTunes in Near Future - Yoko Ono
- Does the Housing Industry Need a Bailout?
- Mexico Delays Drilling Country's Deepest Oil Well
- Daily Blogwatch: Which S&P 500 Stock Do Analysts Love Best?
Newswire
- Saudi reaches deal on BlackBerry, avoiding ban
- Disgraced HP CEO to get nearly $28m in cash, stock
- Gulf seafood industry tries to shake an oily image
- Obama touts benefits to Medicare from health law
- Apple to set up Japan Web warning on problem iPods
- Company defends Bellagio mattress in name suit
- 3rd month of weak hiring signals long slog ahead
- Net income falls 40 percent at Buffett's company
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