Wall Street Sags After Fed Comments, But Cisco Surges
U.S. stocks fell on Thursday, with the downturn accelerating after a Federal Reserve official said the central bank could begin easing up on its monetary stimulus this summer.
Federal reserve
Today's Billion-Dollar Start-Ups Should Be Thanking the Fed
The list of start-ups valued at over $1 billion just keeps getting longer, and not just due to the potential of their cool tech. They're also getting a big boost from the Fed.
Producer Prices Post Biggest Drop in Three Years
U.S. producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled.
Bloomberg Executive Apologizes as New Leaks Surface
Bloomberg LP moves to repair damage to its reputation after a report said that more than 10,000 client messages containing sensitive pricing data had been leaked online.
Bloomberg Probed Over Reporters' Access to Client Data
Bloomberg customers were examining whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data.
Fed to Wind Down Stimulus Program, but When?
The Fed's bond-buying program has been one of the main drivers of the market rally over the past nine months. Now the central bank has reportedly decided on its next move.
Bernanke: Fed Increasing Oversight Beyond Banks
The Fed has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another crisis, Chairman Ben Bernanke said Friday.
Freddie Mac Posts Near-Record Profit in First Quarter
Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market.
With 15,000 in the Bag, What's Next for the Dow?
Now that the Dow Jones industrial average has pushed past 15,000, what's next? Four market experts give their views.
Consumers Cut Back Credit Card Use in March
Americans cut back on using their credit cards in March, suggesting many were reluctant to take on high-interest debt to make purchases.
Fed Sticks to Stimulus Plan, Warns Growth Hampered by Budget Cuts
The Fed is sticking with its bond-buying plan to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington.
No Surprises Expected as Fed Ends 2-Day Meeting
The Federal Reserve is widely expected Wednesday to stick with its aggressive efforts to strengthen a still-subpar economy.
Federal Reserve Seen Keeping Interest Rates Near Zero
Scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.
Is Bernanke Calling it Quits?
Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Wyoming.
Weak Earnings Results Drive Slight Decline on Wall Street
Disappointing earnings results weighed on the stock market in morning trading on Thursday, following two steep drops this week.