Tuesday, June 22, 2010
Stocks pare gains as home sales data dim recovery
STOCKS PARE GAINS AS HOME SALES DATA DIM RECOVERY
U.S. stocks edge up Tuesday, even as worries grew over the European
banking system. Consumer discretionary and technology stocks
strengthened.
U.K. PLANS $59 BILLION OF SPENDING CUTS, NEW TAXES
U.K. Chancellor George Osborne on Tuesday announced spending cuts and
tax increases that will total 40 billion pounds ($59 billion) a year
by 2015.
A U.K. BUDGET MORE OF CHOICE THAN NECESSITY
The big question around Chancellor George Osborne's first budget is a
simple one: is it one out of necessity or choice?
WHITE HOUSE BUDGET CHIEF PETER ORSZAG TO QUIT: WSJ
White House budget director Peter Orszag will resign his post next
month, according to a Wall Street Journal report.
EXISTING-HOME SALES DIP 2.2% IN MAY
In a worrisome sign for the U.S. economy, May's resales of homes and
condos fall 2.2% to a seasonally adjusted annual rate of 5.66 million,
dropping despite the boost from a federal tax credit for home buyers,
according National Association of Realtors data.
