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Business fun facts!
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There are over 111 million housing units in the US. Housing units include all types of homes, apartments, and mobil homes.
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The world GDP is $48 Trillion (in 2006)
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The US GDP is $13 Trillion (in 2006). The US is the largest economy in the world and contributes over 25% to the world economy.
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Investors dismiss interest rate cut!
The Federal Reserve cut both, fed funds rate and discount rate by a quarter percentage point on December 11th to 4.25% and 4.75% respectively. The Federal Reserve Bank’s 0.25% cut in the interest rate this week, did not help much to calm the jittery investors. The S&P500 dropped 37 points, the Dow dropped 284 points and the NASDAQ dropped 75 points for the week ending December 14th, 2007.
Investors were hoping for an half percentage point cut by the Feds to agressively address the growing credit crisis and banking sector home loans problem which could spill over to impact the larger economy.
Later in the week, the Consumer Price Index (CPI, measure of retail prices) rose 0.8%, more than the 0.6% increase most experts were expecting. In addition, the Producer Price Index (PPI, measure of wholesale prices), rose 3.2%, the biggest jump in 34 years! The PPI increase was mainly due to surging oil prices. The continuous rise of CPI and PPI can cause inflationary situation which Feds will have to watch closely.
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Fed Funds Rate Cut Discount Rate Cut
4.50% to 4.25% 5.0% to 4.75%
 
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
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Dec 10-14, 2007
Weekly Stock Market
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Bear Market-Stocks down!
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Index
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Change
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Last
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DOW
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Down 284
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13,340
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S&P500
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Down 37
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1,468
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NASDAQ
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Down 75
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2,636
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Foreign Exchange Rate
$1 is equal to
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Currency
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Change
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Last
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Euro (€)
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+0.01
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0.69
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Yen (¥)
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+1.57
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113.15
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Pound (£)
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+0.00
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0.49
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Yuan ( )
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-0.01
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7.38
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Rupee (Rs.)
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-0.29
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39.33
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Canadian (C$)
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+0.01
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1.02
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Your Favorite Stocks
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Company
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Bought one stock in Jan-07
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This week stock is?
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Your gain or loss?
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$34.20
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$33.01
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-$1.19
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods.")
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$49.89
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$53.62
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+$3.73
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$43.87
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$61.16
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+$17.29
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We use multiple information resources, such as, websites, companies, stock exchanges, newspapers, text books, and others.
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