When it comes to what investors think will spoil the 6-year-old bull market, most point directly to the Federal Reserve.» Read More
GOVERNMENT REPORT FINDS FINANCIAL MARKET PARTICIPANTS BELIEVE REGULATORY REFORMS REDUCED LIKELIHOOD GOVERNMENT WOULD BAIL OUT BIGGEST U.S.
Silicon Valley is "alive and well," but the level of prosperity depends on the tech sector, Oracle Chairman Jeffrey Henley tells CNBC.
An outflow of deposits would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.
U.S. labor costs rose more than 5-1/2 years in the second quarter, a sign that a long-awaited acceleration in wage growth was imminent.
U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.
The Metropolitan Opera plays hardball with unions, vowing a lockout without union concessions before a midnight Thursday deadline.
MADISON, Wis.— The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov.
Ahead of Friday's U.S. nonfarm payrolls, Selena Ling, Head, Treasury Research & Strategy at OCBC Bank, gives her estimates for the number of jobs that the U.S. added to its economy in June.
Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.
With key indicators like inflation and employment on their way to meet the Fed's expectations, it may be time to normalize interest rates, says Robert Heller, Former Federal Reserve Governor.
Despite recent upbeat employment data, the U.S. labor market is still made up mainly by part-time and low wage jobs, says Lindsey Piegza, Chief Economist at Sterne Agee.
John Carey, Executive Vice President and Portfolio Manager at Pioneer Investments, says the U.S. is seeing a higher risk of inflation and may face wage pressure in the months ahead.
WASHINGTON— Figures on government spending and debt.
NEW YORK, July 30- The U.S. dollar pared gains against a basket of major currencies on Wednesday after a Federal Reserve statement disappointed expectations that the central bank would take a more hawkish bias on monetary policy.
AUGUSTA, Maine— Maine ended the fiscal year with $39.1 million more in revenues than officials had expected, Republican Gov. The extra revenue plus unspent state funds produced a net year-end surplus of nearly $62 million when the fiscal year ended June 30, said Richard Rosen, acting commissioner for the Department of Administrative and Financial Services.
The Fed delivered a mixed message Wednesday, and the markets may increasingly start to ignore it if the economy continues to improve, analysts say.
Mayor Charlie Hales and the city commissioners said they want Portland to be active in the "sharing economy." David Owen, regional head of public policy for Airbnb, said Portland is the first city for which the company is collecting such taxes.
A U.S. district court in Manhattan has ruled that Bank of America must pay the U.S. government $1.27 billion in a Countrywide "hustle" fraud.
HARTFORD, Conn.— A ratings agency has maintained Connecticut's debt rating as negative, saying the state's budget relies on one-time fixes and calling the state's economic recovery "slow and uneven." Dannel P. Malloy's budget adviser, said agencies reaffirmed Connecticut's debt ratings while downgrading ratings at other states "across the board.
A second-quarter economic rebound did nothing to change the Fed, which stayed the course Wednesday with ultra-easy monetary policy.
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