The turmoil in Ukraine could trigger a market correction, says Kenny Polcari. But don't let that scare you. Just pay attention.» Read More
*Japan cabinet will set bitcoin rules on Friday. *Japan struggling to define its response after Mt. TOKYO, March 5- Japan will this week clarify the legal handling of bitcoin, people familiar with the matter said, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo- based Mt.
NEW YORK/ ABU DHABI, March 4- Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter.
Japan's government is still trying to explain the collapse of Mt. Gox- once the world's once largest bitcoin exchange- and figure out how the Tokyo- based company could lose nearly half a billion dollars in bitcoins, Finance Minister Taro Aso said on Tuesday.
ABU DHABI, March 4- Financial markets should not take an acceleration of U.S. economic growth this year for granted, former U.S. But we cannot take it for granted yet, "Summers, also a former top aide to President Barack Obama, said in a speech at a financial conference in the United Arab Emirates' capital.
U.S. manufacturing growth rebounded off an eight-month low in February, helped by a recovery in new orders.
WASHINGTON-- The Commerce Department reports how much consumers spent and earned in January. The report will be released at 8:30 a.m. EST Monday. SPENDING SLOWS: The forecast is that consumer spending slowed to a tiny increase of 0.1 percent in January, according to a survey of economists by FactSet.
The Thomson Reuters/ PayNet Small Business Lending Index, which measures the volume of financing to small companies, rose to 117.2 in January, up 4 percent from a year earlier, PayNet said on Monday. "It was unexciting growth but it was growth nonetheless," PayNet founder Bill Phelan said.
Richard Duncan, Chief Economist, Blackhorse Asset Management, explains why the Fed's quantitative easing (QE) is unlikely to end in 2014.
As the month's most-watched number approaches, economists say a "win-win" scenario could be ahead.
LONDON, March 2- Take your pick of the most important economic event of the coming week- forward-looking global activity data, interest rate decisions in Europe or a spot-check on U.S. jobs after a month of particularly bad weather.
While the markets are hoping to see a March thaw, reports of February data in the week ahead may show the economy is still feeling a bit chilled.
U.S. Treasury notes ticked lower as investors scaled back on the "safe haven" purchases that have been fueled by the chaos in Ukraine.
NEW YORK, Feb 28- The S&P 500 ended at another record close on Friday but well off the day's highs as worries about tensions in Ukraine caused investors to take profits ahead of the weekend.
NEW YORK, Feb 28- The Federal Reserve should be willing to let inflation temporarily run above its target level so as to more quickly bring the economy back to health, a top Fed official said on Friday, even as a second policymaker signaled the very idea left him cold.
Art Cashin of UBS Financial Services explains why he's fairly optimistic about stocks now.
NEW YORK, Feb 28- U.S. stocks climbed on Friday and the S&P 500 hit an intraday record for a second time this week as consumer confidence and other data bucked the recent trend of weaker economic reports.
WASHINGTON, Feb 28- The U.S. government slashed its estimate for fourth-quarter economic growth on Friday in the latest sign of a loss of momentum, but some tentative signs emerged that suggested the worst of the slowdown may be over.
RIO DE JANEIRO/ LONDON, Feb 28- Ukraine's hryvnia jumped as much as 10 percent on Friday on hopes of a loan from the International Monetary Fund, while the Brazilian real slid 0.5 percent after the latest budget data poured cold water on hopes that the country would halt a deterioration in its fiscal performance.
WASHINGTON, Feb 28- The U.S. government slashed its estimate for fourth-quarter growth, but tentative signs are emerging that the worst of the economy's slowdown may be over.
Recent bad weather in large portions of the United States is having an impact on economic activity, but that is no reason for less optimism about economic prospects for the rest of the year, St. Charles Plosser, the hawkish president of the Federal Reserve Bank of Philadelphia, concurred in nearly simultaneous remarks on another news channel.