The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, the same as last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,996.21.» Read More
If Bernanke cuts rates one more time as expected on Wednesday, what will it mean for stocks?
Stocks finished higher for the week, helping major indexes transcend recent highs, as financials gained and the dollar showed signs of recovery.
As the Federal Reserve hones in on the end of its interest-rate cutting campaign, officials remain troubled by lingering stress in credit markets and continue to mull steps to ease the strain.
Texas Gov. Rick Perry asked the government to cut "skyrocketing" food prices by waiving half of the renewable fuel standard for ethanol made from grain.
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts. Oil topped $119 a barrel.
It makes a whole lot of sense. When food prices soar, seed sales begin to grow. Harold Stone is hearing it from a whole new crop of gardeners at a Washington, DC community garden that he runs. “Food is just becoming astronomical and they really want to get an edge on that and be able to create some of their own food.”
Stocks were slightly lower Friday, dragged down by a disappointing outlook from Microsoft and a souring consumer mood. American Express jumped after beating forecasts.
President George W. Bush said on Friday that the U.S. economy is in a slowdown but added that tax rebates should help pull activity out of the slump.
As the markets prepare for next week’s two-day Fed meeting, it might be time to suspend expectations that another rate cut is really the right answer.
Sales of new homes plummeted 8.5 percent in March from the month before, prices made a fall not seen since 1970, dropping 13 percent year over year, and inventories of new homes hit an eleven-month supply. We haven’t seen that kind of pace in 27 years.
The United States is in a recession but the downturn is expected to be mild because consumer spending is not expected to fall precipitously, Standard & Poor's said Thursday.
German corporate sentiment fell more than expected in April as firms' assessment of both current economic conditions and the business outlook deteriorated, a closely watched survey showed on Thursday.
New Zealand's central bank kept interest rates steady at 8.25% as expected on Thursday, but softened its stance on an eventual rate cut as the economy slows, sending the currency lower.
After reading all the glowing press releases from all the government-created initiatives to save troubled borrowers, and all the successes they’re touting, I was pretty surprised to read the latest data on California foreclosures. I didn’t expect the problem to go away, but I did expect the numbers to ebb ever so slightly. But no...
The U.S. economy nearly stalled in the first three months of the year and will shrink between now and June, but any recession should be less severe than the last major downturn in the early 1990s, a Reuters poll showed on Wednesday.
The Realtors told a room full of reporters Tuesday that existing home sales are “stable,” because they’re really stuck between 4.9 and 5.1 million units (that’s the seasonally adjusted annual rate). So that has everyone asking if we’re bumping along the bottom. I’m not so sure.
Oil prices, which are setting fresh records nearly every day, are likely to keep climbing until the weak US dollar starts recovering and more supplies become available.
The European Central Bank has to ask itself each month whether a rate rise is needed to control inflation, ECB Governing Council member Yves Mersch was quoted as saying in a newspaper report on Tuesday.
I've heard a lot anecdotally about home equity lines being frozen for no apparent reason, so when I got this email from Charles in Chicago, I just had to post it. Citibank actually lowered his line of credit to $116 below his current balance.
Record high oil prices have deepened economic pain and even energy producers have begun to fret, but at talks with their customers in Rome they blamed the U.S. dollar and said they could not halt the rally...