Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments, but retreated from their highs.» Read More
Fed Chair Ben Bernanke told Congress the U.S. job market remains weak, and it is too soon to end its stimulus. Stocks spiked on his comments, but retreated from their highs.
Cramer shares six stocks to watch, and reveals them in under 60 seconds, including Bristol Meyers, Salesforce, and Chart Industries.
NEW YORK, May 22- U.S. stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel. The head of the central bank said monetary stimulus is helping the economy recover, and the Fed needs to see further signs of traction before taking its foot off the gas.
WASHINGTON, May 22- The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said on Wednesday.
Jim Cramer explains what to watch ahead of the open, including the expansion of Whole Foods, and Lowe's trade up.
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.
*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
NEW YORK, May 22- Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program.
Gary Parr, Lazard vice chairman, explains why he is concerned about the fate of charitable giving.
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
*Fed Chairman Bernanke speaks to Congress at 1400 GMT. LONDON, May 22- Gold extended earlier gains on Wednesday as the dollar weakened after U.S. On Tuesday, New York Federal Reserve Bank President William Dudley and St.
Some of the names on the move ahead of the open.
Peter May, Trian Fund Management, explains how friendly "constructivst" firms can change corporate governance for the better.
*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland.
Market rallies have to end sometime for sure, but history suggests the current one, despite its seemingly bloated nature, doesn't have to end soon.
Gary Parr, Lazard vice chairman, discusses how investor activism impacts corporate governance; and explains how regulations and stricter capital controls are impacting big banks.
Merck inked a $5 billion share repurchase agreement with Goldman Sachs, as the drug giant looks to prop up shareholder value in face of competition from generics makers.
The "Squawk Box" news team discusses some of the morning's most provocative headlines, including a look at the likely comeback of pesticides.
Peter Lauria, BuzzFeed business editor, discusses the launch of its business section website.
May 22- It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make that decision for another three or four months, an influential U.S. central bank official said.