Big day for GDP, $XOM earnings, white $APPL iPhone, and the NFL draft!
- GDP came in at 1.8%, much lower than expected. High fuel prices and the continuing slide in real estate getting the blame.
- First-time filings for unemployment claims jumped last week, coming in above the key 400,000 level for the third straight week. It just seems like the recovery can't get any firm traction. This explains why the Fed continues easy money policies.
- Exxon Profits up 69%. That makes us feel good, right? The stock is down, though.
- Buyers line up for white iPhone. (Racists!). Well, it took Apple long enough to produce it. Wonder what it all means for the iPhone 5 release date?
- Sony Playstation Network breach leads Sony to shut it down for now. Online security is a huge issue. Be careful.
- No, I am not following the Royal Wedding.
- But I am following the NFL draft! Starts tonight!