federal reserve system

Why Bad News Makes the Stock Market Happy

For now, bad news is good for the stock market. Investors judged that the latest weak economic reports will make it more likely that the Fed will keep stimulating the economy

How Much Does Your Money Manager Cost You?

Noted investing guru Charles Ellis talks about the challenges boomers face from high investment fees, low bond yields, uncertain stock returns, and dubious financial come-ons.

5 Winners and Losers on Wall Street

From another cruise ship mishap to big banks finally free to pay dividends again, here are last week's smartest moves and biggest blunders in the business world.

How Risky Are Your Bonds? Here's How to Tell

Interest rates have to start rising again soon, and while higher rates are generally good for people looking to put new money to work in the bond market, those who already own bonds could take a bath on their supposedly "safe" investments.

5 Obscure Investments to Boost Your Income

With interest rates at historic lows and traditional low-risk vehicles paying rock-bottom returns, more and more investors are turning to once-obscure investments that promise much more income than you'll get from a bank CD right now.

U.S. Wholesale Inflation Still Mild Despite Increase

U.S. wholesale prices rose only slightly in January after three straight declines, the latest sign that inflation is posing no threat. It means the Federal Reserve has room to keep interest rates at record lows without worrying about igniting inflation. The Labor Department said Wednesday that its producer price index rose 0.2 percent last month, the first increase since September. Gasoline and other energy prices fell, while food prices jumped 0.7 percent after dropping sharply in December.

Why It's Really Time to Break Up the Too Big to Fail Banks

When the financial crisis hit, Washington chose to rescue America's biggest banks, lest their failure crush the economy. Now, "too big to fail" has morphed into "too big to jail," and letting them remain that way isn't good for the economy -- or the banking industry.

Germany Is Bringing Home the Gold: 1,950 Tons of It

A German newspaper reports the country's central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from storage sites in the United States and in France.

10 Top Banks Agree to Pay $8.5 Billion for Foreclosure Abuses

Ten major banks and mortgage companies have agreed to pay $8.5 billion to settle complaints that they wrongfully foreclosed on homeowners. Under the settlement, people who were wrongfully foreclosed on could receive from a few hundred dollars up to $125,000.

Jobs Report: Unemployment Rate Holds Steady At 7.8 Percent

Hiring by U.S. employers slowed slightly in December, pointing to a lackluster pace of economic growth that was unable to cut further into the country's still high unemployment rate. Payrolls outside the farming sector grew by 155,000, in line with analysts' expectations.

Manufacturing Rose 1.1% Last Month on Rebound from Sandy

U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Fed says factory output increased 1.1 percent from October, offsetting a 1 percent decline from the month before, which was blamed on the storm.