Banks may not be lending to home buyers or single family home developers, but they are doling out big bucks to apartment developers.» Read More
While data from China may give clarity on a pattern of uneven growth there, it is in Europe that the prospects for the economy are most uncertain, although a ceasefire in Ukraine could lift the mood and avoid new EU sanctions on Russia this week.
WASHINGTON, Sept 5- U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates. Nonfarm payrolls increased 142,000 last month after expanding by 212,000 in July, the Labor Department said on Friday.
WASHINGTON, Sept 3- U.S. regulators on Wednesday adopted rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.
*New York state manufacturing activity slows. Other data on Friday showed some cooling in factory activity in New York state this month after July's brisk expansion. "There is still no inflation pressure out there right now," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.
Engaging the poor and working class as active consumers who require financial services is the best way to stabilize the US economy, says one author.
WASHINGTON, July 30- U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.
WASHINGTON, July 25- Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter. The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.
Upbeat China data may have allayed fears about its economy, but PNC Financial Services is cautious, warning of a "perfect storm" that could surface.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
Some of the names on the move ahead of the open.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
Quarterly earnings growth and clues from companies' commentaries will tell whether there really will be a bounce back in growth in the second half.
For some of Wall Street's biggest names, quarterly results are expected to be weak, while the future is pockmarked with uncertainty.
NEW YORK, July 4- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory. Many factors point to a second-quarter earnings season poised to surprise substantially to the upside.
NEW YORK, July 3- With all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks continuing their climb further into record territory.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.
WASHINGTON, July 2- U.S. private-sector hiring hit a 1-1/ 2- year high in June, reinforcing views that momentum was building to carry the economy through the rest of the year after a dismal start.
NEW YORK, July 1- HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.
TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.
June 5- A bank branch-based broker for a unit of JP Morgan has been permanently barred from the securities industry for using a customer's credit card reward points for his own personal accounts, according to Wall Street's industry-funded watchdog.