Stocks were struggling for direction Wednesday as the dollar rose and Treasurys hit six-month highs on fears the economy would heat up under the tax plan under consideration in Washington. BofA rose, while McDonald's fell.
The Revolutionary Guard is a major force when it comes to controlling Iran's economy. Many Iranians in and out of the country have called the Islamic Revolutionary Guard Corps "Iran's mafia."
Stocks fluctuated Wednesday, but remained under pressure as the dollar gained and Treasury bond yields spiked. McDonald's slipped, BofA gained.
U.S. stock index futures continued to struggle for directions as investors awaited more direction on a compromise reached between President Barack Obama and the Republicans on extending Bush-era tax cuts.
Stocks closed mixed as the Dow turned negative in the final minutes of trading Tuesday after a report from Reuters that said Federal authorities are ramping up Wall Street insider trading probes. 3M and HP fell, while GE rose.
Stocks pared their gains Tuesday after a report from Reuters that said Federal authorities are ramping up Wall Street insider trading probes.
U.S. stock index futures rose decisively Tuesday after President Barack Obama gave his support to an initial compromise over Bush tax cuts and an extension to unemployment benefits.
Dow component 3M said it expects its adjusted earnings to grow 10 to 14 percent next year over its predicted profit for 2010.
President Obama announced a tentative deal with Congressional Republicans on Monday to extend the Bush-era tax cuts at all income levels for two years as part of a package that would also keep benefits flowing to the long-term unemployed, cut payroll taxes for all workers for a year and take other steps to bolster the economy, the New York Times reports.
The baby boomers will retire earlier and live longer, draining young people's income with their final salary pension schemes - something youth will find impossible to attain.
Stocks ended mixed after trading in a narrow range most of the session amid light volume Monday, as investors considered Federal Reserve Chairman Ben Bernanke's comments about additional Fed stimulus and regrouped after strong gains in the market last week. Cisco and Pfizer rose, while BofA fell.
Stocks moved in a narrow range amid light volume Monday, and were ending the session mixed as investors considered Federal Reserve Chairman Ben Bernanke's comments about additional Fed stimulus and regrouped after strong gains in the market last week. BofA and Cocoa-Cola fell, while Cisco rose.
Stocks declined as investors continued to consider future troubles in the euro zone and comments over the weekend by Federal Reserve Chairman Ben Bernanke indicating the central bank was willing to pump even more money into the economy. BofA and DuPont fell, which Cisco rose.
U.S. stock index futures pointed to a lower open Monday as investors pulled back from strong gains in the previous week and weighed up the impact of Federal Reserve Chairman Ben Bernanke's willingness to launch further quantitative easing.
If Congress does not extend the Bush-era tax cuts for the highest income levels, a typical worker who earns a $1 million bonus would pay $40,000 to $50,000 more in taxes next year than this year, depending on base salary, the New York Times reports.
The finances of some state and local governments are so distressed that some analysts say they are reminded of the run-up to the subprime mortgage meltdown or of the debt crisis hitting nations in Europe. The New York Times reports.
Stocks ended positive, with the Nasdaq reaching a three-year high, despite a disappointing employment report as investors found comfort in other economic news and in expectations the jobs figures would push the Federal Reserve to continue efforts to stimulate the economy.
Stocks turned positive despite disappointing employment news as investors found comfort in other economic news and in expectations the jobs figures would mean the Federal Reserve will continue with efforts to stimulate the economy. DuPont and Bank of America rose, while AT&T fell.
Stocks traded mixed after news the jobs picture hasn't improved despite a string of more hopeful economic data, and despite a report the services sector continued to grow in November. AT&T and JPMorgan fell, while DuPont and Alcoa rose.
The longer people stay out of work, the more trouble they have finding new work. That is a fact of life that much of Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning. The New York Times reports.