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The Dow got a pop of relief after the Fed announced plans to hold rates steady and said inflation should moderate.
Stocks rallied unusually sharply for a Fed-meeting day, buoyed by oil's drop below $120 a barrel and a better-than-expected report on the services sector.
Stocks jumped after a report showed a better-than-expected improvement in the service sector last month. The market had already been buoyed by falling oil prices and confidence that the Federal Reserve won't deliver any surprise surprise rate moves.
Stock index futures pointed to a solid rise at the start of trading Tuesday, with sentiment buoyed by falling oil prices and confidence the Federal Reserve won't surprise the Street with any rate moves at its afternoon meeting.
In the spirit of the Beijing Olympics set to begin on Friday, we thought it would be fun to apply a CNBC twist to the summer games. Which World Market Index is poised to win the gold?
A lawsuit against UBS alleging that the Swiss bank engaged in fraud related to holdings of a fund in loss-making company Endwave was dismissed by a New York Supreme Court judge, court documents showed.
U.S. investment bank JP Morgan has held talks with potential partners about forming a consortium to break up British bank HBOS, the UK's Telegraph newspaper reported on its Web site.
San Francisco, New York and Boston are the United States' most walkable cities, according to new rankings from a Web site that evaluates how easy it is to live in the nation's cities and neighborhoods without a car.
The United States is heading for recession despite modest growth in the first half of the year, but strength in Germany is keeping European growth prospects a bit brighter, Fitch Ratings said on Thursday.
In a time of rising food prices, investors should have agricultural stocks in their portfolios, Victor Badin, fund manager at Global Cap, said.
Investors should ignore recent signs of strength and face up to the fact that we will face a prolonged bear market, John carter, president of Trade The Markets, told CNBC Wednesday.
The market for initial public offerings in the United States suffered its worst quarter since the third quarter of 2003, as canceled IPOs easily outpaced the number of new offerings, according to preliminary Thomson Reuters data.
Massachusetts authorities sued two subsidiaries of Swiss bank UBS Thursday, charging they misled investors about how safe auction rate securities were.
California on Thursday took a major step forward on its global warming fight by unveiling an ambitious plan for clean cars, renewable energy and stringent caps on big polluting industries.
InBev Wednesday told its takeover target Anheuser-Busch that it has lined up financing for a deal and reminded the U.S. brewer that "time is of the essence".
Bank shares rose on Wednesday after a report that Russian billionaire Suleiman Kerimov is buying stakes in major Western banks and wants other tycoons to join him.
U.S. Treasury Secretary Henry Paulson on Monday defended the dollar's status as the world's reserve currency and said its recent decline was only a small factor behind a surge in oil prices.
Toyota Motor is considering downgrading its U.S. sales forecast to account for a worsening outlook for pick-up trucks and other big vehicles, the Financial Times newspaper said on Monday.
Stocks closed higher, led by technology shares, ending the a holiday-shortened week in the positive.
Stocks moved higher on positive earnings in technology and a report that inflation appeared to be moderating.