Global Cellphone Shipments Rise Global shipments of mobile phones continued to grow in the second quarter, but vendors’ profit margins could be threatened by high-end price pressure
IMF: U.S. Financial System Still at Risk The IMF says the U.S. financial system is "slowly recovering," but remains vulnerable to crisis, in part because Congress and the administration have failed to streamline a regulatory system marked by turf battles and overlapping responsibilities.
Jobless Claims Fall Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.
More Record Lows for Mortgages U.S. mortgage rates fell again, with the average rate on 30-year and 15-year fixed-rate mortgages furthering record lows.
U.K. Consumer Confidence Slumps Consumer confidence slumped to the lowest level in 11 months in July, raising fears the economy could fall back into recession, a monthly survey released by polling firm GfK NOP showed.
Germany Regains Jobs Lost in Recession German unemployment fell for the 13th straight month, putting Europe’s largest economy on the brink of a milestone: regaining all of the jobs lost during the recession earlier than expected.
Signs of slowdown in Japanese recovery Unemployment figure rises unexpectedly
Within the Fed, Worries of Deflation— A Fed member warned that the agency’s current policies put the United States economy at risk of “Japanese-style” deflation.
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