WASHINGTON— Federal Reserve Chair Janet Yellen met Friday with a group of conservative activists who are unhappy with the way the central bank is conducting its interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.» Read More
The US economy indeed has entered into a recession, even if the traditional indicators aren't showing it yet, billionaire investment guru Warren Buffett said.
The stock market will likely start the week on a hesitant note with Wall Street facing the first Federal Reserve interest-rate decision in many months not knowing that a cut is likely guaranteed.
If the U.S. Federal Reserve wants to restrain oil and food prices and help downtrodden consumers, the best thing it can do is stop cutting interest rates.
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.