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Consumer spending increases while income decreases…?

From the AP:
“Consumer spending rose by 0.2 percent last month after an even bigger 1 percent jump in January, which was the largest one-month gain in 3 1/2 years, the Commerce Department reported Friday. Those gains followed a record six straight monthly declines as consumers …

NBC sells out Superbowl ads

The Superbowl this year will feature ads from fan favorites like Budweiser as well as questionable newcomers like Cash4Gold (yea, the same that advertises on late night cable).
Today, NBC said that it had sold all 69 ad spots for tomorrow’s “big game” for a …

Chevron may have large drop in fourth quarter earnings

After months and months of spectacular earnings and record profits, Chevron expects to see a significant drop in earnings for the fourth quarter.
From Reuters:
Because market conditions had changed significantly, Chevron delayed the unveiling of 2009 capital spending plans until later this month from December. It …

Gas prices down again.

Just like last week, gas prices have hit a five year low. Today’s national average is $1.63 a gallon for regular unleaded.
The source I’m using for this entry says that the cheapest gas in the country is in Utah at $1.45, but obviously they aren’t …

Mortgage rates are at an all time low

Usually when I see that in the title of a banner ad, it is followed by a cartoon doing a silly dance. However, mortgage rates ARE at 30 year lows and are still falling.
Freddie Mac, the mortgage company, reported yesterday that average rates on 30-year …