Thursday July 21st

Treasuries tumbled today as traders were jolted by word that the Chinese government was not going to peg its currency on the U.S. dollar anymore. Strong economic news and the recent intensification of Fed rate-hike concerns also weighed on the bond market. In the meantime, stocks were pressured by new (but, fortunately, less lethal) terrorist attacks in London today. In late trading, the 10-Year Treasury Note was down by 28/32, raising its yield to 4.27%; the Dow was down by down by 61.38 points to 10,627.77; and the Nasdaq was down by 9.97 points to 2,178.60.

Feds Bust U.S.-Canada Smuggling Tunnel

Google profit zooms

But shares fall 11% to trade below $300 level despite quadruple Q2 profits for search behemoth.


Mortgage Rates jumped today as Greenspan raised interest rate!
Mortgage rates climbed this past week for the third straight week but rates still remain close to the low rates experienced in June of 2003, the government-chartered mortgage company Freddie Mac said Thursday.



Microsoft reported healthy gains in sales and better than expected earnings for its fiscal fourth quarter Thursday thanks to strong demand for its server software and Xbox gaming consoles.

Kristine Rogers obsession strained her marriage and left her family $50,000 in debt.