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Bankrate (RATE) is a Zacks #1 Rank (Strong Buy) due higher estimates and positive earnings surprises. Company Description Bankrate, Inc., together with its subsidiaries, owns and operates an Internet-based consumer banking and personal finance network. The company’s flagship Website, Bankrate.com provides information on financial products and fees, including mortgages, deposits, insurance, credit cards, and other personal finance categories. Limited Operating History Bankrate has only three earnings reports under its belt in this iteration of public company life. The company was previously publicly owned but then was taken private, only to be spun out again to public investors. The story for the company remains mostly the same, as the need for interest rate information and products continues to resonate with consumers. The first three earnings reports have seen mostly positive news
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US Poverty Rate, 1 in 6, at Highest Level in Years
The portion of Americans living in poverty last year rose to the highest level since 1993, the Census Bureau reported Tuesday, fresh evidence that the sluggish economicrecovery has done nothing for the country’s poorest citizens

Labor & Economic News – Institute for Research on Labor & Employment Library

California stems jobs loss; rate still 12.4%
The economy added 39,000 jobs in October after losing 53,600 in September. Hiring was spread across sectors as diverse as government and leisure and hospitality

Labor & Economic News – Institute for Research on Labor & Employment Library

Disappointing Job Growth in U.S. as Jobless Rate Hits 9.8%
The economy added only 39,000 jobs in November, the Labor Department said, dampening hopes that the recovery was gathering momentum.

Labor & Economic News – Institute for Research on Labor & Employment Library

Rakesh Jhunjhunwala recently appeared in ET NOW Markets Summit 2010 on 6th August. He has opined that India’s growth rate has been most consistent among all Asian economies and it is going to remain same in future.Talking about Indian stock markets, he is of opinion that it will make a new high in this financial year itself. American dollar is going to be of paper value and gold will be



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IndianStocksNews.com

The  Government reported today that the economy grew at a 2 percent annual rate in the third quarter as consumer spending rose at its quickest pace since 2006. As we enter the retail holiday season, all eyes will be on what consumers are willing to spend this holiday season.  Robust retail sales will likely indicate improved confidence, no doubt as as result of this blog…

I’ve been a bit absent this past week or two as my business is picking up and keeping me pretty darn busy, which is a good thing.  Have a great weekend.

Filed under: consumer confidence, economic information, Positive Economic News, retail Tagged: consumer confidence, GDP, Positive Economic News, retail sales