The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
When Ben Bernanke testified a couple of days ago before the House Budget Committee, he gave a fairly upbeat forecast of 3.5 percent growth this year, and somewhat stronger growth in 2011. Okay, fine.
BP's troubles have now spilled across the broader market, as investors move to price in worst-case scenarios for the oil giant and other firms involved in the Gulf of Mexico rig disaster.
This will be a shorter note today. My hometown is going to have its annual Fireman's Parade. Local school groups and fire departments (mostly volunteers) and such proudly gather at one end of Katonah and march a few hundred yards to the other end.
Heading into Tuesday’s runoff, many bank officials were praying that the resolution of Blanche Lincoln’s primary election would also mean the end of the derivatives carve-out. But, Lincoln captured 52 percent of the vote, securing her position in the fall election.
Stocks jumped on Wednesday after comments made by Ben Bernanke soothed investor jitters. Are the bulls back in the game?
One of the political mysteries of the last year is why the White House and Congress have not been even more aggressive about trying to put people back to work. The NYT explains.
Federal regulators reviewing the compensation policies of major banks are finding that the industry has not adequately adjusted its pay practices to reduce risk-taking. The NYT reports.
At a moment when many economists warn that the American economic recovery is likely to be imperiled by prolonged high unemployment and slow growth, President Obama is discovering that the tools available to him last year — a big economic stimulus and action by the Federal Reserve — are both now politically untenable. The NYT looks at the consequences.
What we should figure is never to believe government figures when they first come out. Consumer credit last month rose $1.0 billion. March's increase was originally reported to be an increase of $2.0 billion. That was revised to a decline of -$5.4 billion.
As Federal Reserve Chairman Ben Bernanke testifies before the US House's budget committee, he'll be speaking about the currenct economic and financial conditions in the United States. Do you think Bernanke's policies are good for your money? Share your opinion in our poll.
Investors looking for clues about the markets cannot help but notice that gold is making another record high and that stocks are continuing to struggle.
Fed Chairman Ben Bernanke's testimony before the House Budget Committee Wednesday could temporarily shift investor focus from Europe to the U.S. economy.
Some have their concerns, but Cramer thinks the negativity is overblown.
Stocks ended mostly higher after a late rally Tuesday as banks and materials rebounded. But tech stocks remained under pressure.
Stocks staged a late rally Tuesday as energy stocks made a comeback. But tech stocks fell after several downgrades.
Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.
Stocks eked out a gain after some late-session turbulence, led by techs. Energy stocks rebounded from the bottom of the pack to the No. 2 behind tech. Financials ended lower.
Stocks turned lower on Thursday, led by energy and financials, amid the strengthening dollar and a pair of credit downgrades on BP. Techs were among the best performers.
Stocks pared their gains Thursday after a report showed the services sector grew for a fifth straight month but wasn't a blowout number. Stocks had opened higher after a pair of encouraging employment reports.
U.S. stock index futures pointed to a higher open Thursday as investors waited for the next batch of key economic data in the hope that the economic recovery was gaining momentum.