For three weeks in a row, banks have reduced their borrowing from the lending program that the Federal Reserve supplies emergency purposes.
At this point, stock index futures are pointing to modest gains at the open on Friday, as most markets in both Asia and Europe rose, with investors awaiting more macroeconomic data for clearer near-term market direction.
Banks stocks have risen too much already and are due for a correction, possibly pulling the whole market down, while optimism about a recovery is not complete, strategists and investors told CNBC Friday.
Stocks closed with modest gains, helped by a rally among bank stocks as well as oil prices.
Despite a seemingly endless flow of US government debt into the markets, foreign investors continue to gobble up Treasurys and keep yields relatively low.
The political world has awakened to the reality that currencies matter and aid with stimulating exports. This is why something must be done to halt the weakness of the US dollar.
Stock index futures are indicating a similar lack of conviction Thursday, drifting downwards on flat European stocks and losses in Asian markets.
How fast can you eat a Big Mac? Wait, more importantly, how fast can you EARN it?
Stocks ended flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
Stocks were flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
The recession has provided a lot of fodder for comic relief. To help you with your watercooler show, here are more than 50 recession jokes—and some advice for how to tell them. On your mark...get set...joke!
Stocks rebounded Wednesday after a sharp jump in new-home sales.
Stock index futures extended losses after an initial uptick as data showed June orders for durable goods, excluding transportation, rose less than forecast despite overall orders posting their largest advance since July 2007.
The Dow rose for a sixth straight session Tuesday as stocks got a boost from an encouraging report on home prices and an unexpected jump in consumer confidence.
Renominating Ben Bernanke won't take the heat off the Federal Reserve
Stocks started the day higher Tuesday after an encouraging report on home prices, then soared even higher following an unexpected jump in consumer confidence.
U.S. stock index futures pointed to a modestly higher open Tuesday, following the previous day's session in which the major averages finished with very little change.
What a difference a year can make! In 2008 at the heralded Fed Jackson Hole meetings in the Grand Tetons, economists gathered to discuss the global economic picture and the troubled US financial system.
The Obama administration today will announce that the US government's fiscal deficit will only be $1.58 trillion versus the $1.842 trillion that was forecasted in May. According to Bloomberg, the drop was due to the administration scrapped contingency plans to provide hundreds of billions of dollars in additional aid to the financial industry.
As WaPo reports today, Democratic in-fighting over the White House's apparent shift away from the public option is a move that has riled progressives and threatened to derail the broader debate.