Fed Keeps Stimulus, Sees Jobless Rate Below 7% in 2014 by Reuters Jun 19th 2013 2:26PM The Federal Reserve says it will keep buying $85 billion in bonds each month and gave no indication that it may soon scale back the stimulus program.
Could She Become the Most Powerful Woman in the World? by Business Insider Jun 19th 2013 1:45PM Speculation is that President Obama will seek to replace Ben Bernanke, when the Fed chairman's term is up next year. But whom will he name to replace him?
Fed Stimulus Decision Looms; AMA Scrutinizes Energy Drinks by DailyFinance Staff Jun 19th 2013 8:32AM Stock markets have had a bumpy ride ever since Fed Chairman Ben Bernanke hinted at slowing the Fed's stimulus program, leaving many investors wondering, "What's next?"
SEC Wants to Hear 'We Were Wrong' in Future Big Settlements by The Associated Press Jun 19th 2013 7:25AM The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
Investors Anxiously Await Fed's Latest Decision on Stimulus by CNNMoney Jun 19th 2013 6:25AM Stock markets have had a bumpy ride ever since Fed Chairman Ben Bernanke hinted at slowing the Fed's stimulus program, leaving many investors wondering, "What's next?"
Careless Chinese Baggage Handler Really Throws Himself Into His Work by Matt Brownell Jun 18th 2013 1:15PM A video going viral this week shows an air-freight handler at China's Guangzhou Airport loading a cargo plane in the most careless and ungentle way possible.
NSA Director Says Plot to Bomb Wall Street Was Foiled by The Associated Press Jun 18th 2013 11:45AM The director of the NSA said the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one to bomb the New York Stock Exchange.
Prices for Consumer Goods Barely Rise in May by The Associated Press Jun 18th 2013 9:33AM U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase underscores that inflation is mild.
Housing Starts Pick Up in May, But Less Than Forecast by Reuters Jun 18th 2013 8:54AM Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market.
U.S. Homebuilder Confidence Soars to 7-Year High in June by Reuters Jun 17th 2013 2:00PM The majority of U.S. homebuilders view conditions in the industry as favorable for the first time since the start of the housing crisis seven years ago, with an industry...
As Interest Rates Rise, Banks Face New Stress Tests by CNNMoney Jun 17th 2013 9:01AM Banks have mostly been tight-lipped about what rising interest rates would mean for earnings, but they'll soon have to open up a little more to regulators and investors.
Waiting for Bernanke on Stimulus Wrap-Up by DailyFinance Staff Jun 17th 2013 8:35AM There’s new hope that Fed Chairman Ben Bernanke will soothe investor jitters about when and how the central bank will begin to cut back on its market-boosting stimulus...
Investors Seek Clarity Not Confusion from Bernanke by Reuters Jun 17th 2013 7:09AM With stocks on a downward trend after his recent congressional testimony, Fed Chairman Ben Bernanke must find a way to soothe investor jitters.
Stocks in Negative Territory for June; All Eyes on the Fed by DailyFinance Staff Jun 14th 2013 4:30PM The Dow Industrials sank 105 points, while the Nasdaq dropped 21. And a day after its second-biggest advance of the year, the S&P 500 lost 9 points. So what will Bernanke...
Survey: Consumers' Confidence in U.S. Economy Falters by Reuters Jun 14th 2013 10:23AM U.S. consumer sentiment retreated this month after reaching its highest in nearly six years in May, as household optimism about employment and housing faded slightly.
Factory Output Inches Up in May by The Associated Press Jun 14th 2013 9:53AM U.S. factory output barely increased in May after two months of declines, a sign that manufacturing is providing little support for the economy.
U.S. Wholesale Prices Rise Sharply in May by The Associated Press Jun 14th 2013 9:09AM A rise in food and gas costs drove a measure of wholesale prices up sharply in May. But outside those volatile categories, inflation was mild.
Upbeat U.S. Economic Data Stops Global Selloff by DailyFinance Staff Jun 13th 2013 4:35PM Before the open, it looked like this week's market losses would continue, following another big selloff in Japan. But some positive economic data managed to stop the bleeding.
Obamacare: Is a $2,000 Insurance Deductible 'Affordable?' by CNNMoney Jun 13th 2013 2:50PM So far, much of the debate around Obamacare has focused on the cost of premiums in the state-based health insurance exchanges. But what will enrollees get for their money?
Bonds: We've Seen This Movie Before. It Doesn't End Well by Morgan Housel Jun 13th 2013 2:23PM Getty Images Investors have short memories. Our recollections about five years ago are hazy. Ten years, and lessons are forgotten. Thirty years ago might as well have been...
Business Inventories Rise in April, But Sales Weaken by Reuters Jun 13th 2013 10:33AM Business inventories rose in April, but goods took longer to sell, meaning businesses could slow the pace of stock accumulation to prevent an unwanted surplus of merchandise.
Retail Sales Rise in May as Import, Export Prices Soften by Reuters Jun 13th 2013 9:23AM U.S. retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, as prices for imports and exports slipped.
Jobless Claims Fall to Lowest Level in 5 Years by Reuters Jun 13th 2013 8:55AM The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market.
Big Blue Issuing Thousands of Pink Slips Amid Restructuring by IBTimes Jun 13th 2013 6:50AM Computer giant IBM reportedly has begun the process of laying off employees in the U.S. as part of a worldwide restructuring plan estimated to cost about $1 billion.
Uncertainty Leads Stocks to First 3-Day Losing Streak of 2013 by DailyFinance Staff Jun 12th 2013 4:30PM The equity market got off to a hot start but quickly lost its footing. All three indexes closed lower, with trading more volatile than it's been in months.
NSA Scandal Sends Sales of Orwell's '1984' Soaring on Amazon by Eamon Murphy Jun 11th 2013 3:30PM Seems when you think Big Brother is watching you, you want to read about him. In the wake of the NSA surveillance scandal, "1984" is selling nearly 60 times faster on Amazon.
Wholesale Inventories Rise Mildly as Manufacturers Hedge by The Associated Press Jun 11th 2013 11:30AM U.S. wholesalers increased their stockpiles in April and their sales rebounded from a big decline in March, positive signs for economic growth.
Can Customers Sue Over NSA Surveillance? by Eamon Murphy Jun 11th 2013 10:19AM Say you're one of the more than 50% of Americans upset about government surveillance of phone and Internet records. What options do you have for registering your displeasure?
The Flashy Vault Where Deutsche Bank Will Store $9 Billion of Gold by Quartz Jun 10th 2013 1:12PM Deutsche Bank, one of the world's largest dealers of gold, has begun storing bullion in the Singapore FreePort, a flashy facility that's part bunker, part gallery.
Disclosures on NSA Spying Alarm Lawmakers, Tech Companies by Reuters Jun 10th 2013 6:40AM Companies say they didn't offer the NSA "direct access" to "bulk" data, but the scope and secrecy of the surveillance created an uproar on Capitol Hill and in Silicon Valley.
SEC's 698-Page Plan to Prevent Bank Runs Boils Down to 2 Words by Rich Smith Jun 10th 2013 5:00AM In 2008, respectedReserve Primary Fund "broke the buck" and investors lost money they thought was totally safe. Now, the SEC wants to prevent a repeat.
