Thu, 24 Mar 2011 15:32:33 EDTWASHINGTON -- Federal Reserve Chairman Ben Bernanke will begin holding news conferences four times a year to explain the Federal Reserve's interest rate decisions and its views on the economy.
Thu, 24 Mar 2011 15:25:53 EDTNEW YORK -- After government reports gave a mixed read on the U.S. economic recovery, oil prices on Thursday settled close to where they began.
Thu, 24 Mar 2011 15:25:47 EDT-- MONDAY, March 28 WASHINGTON - Commerce Department releases personal income and spending for February, 8:30 a.m.
Wed, 23 Mar 2011 17:51:43 EDT-- --- New-home sales plunged in February to record low
Wed, 23 Mar 2011 16:28:28 EDTNEW YORK -- It was one more blow for Bank of America: the Federal Reserve didn't allow nation's largest bank to increase its dividends.
Wed, 23 Mar 2011 14:38:50 EDTWASHINGTON -- Federal Reserve Chairman Ben Bernanke told a group of executives from smaller banks Wednesday that the financial overhaul will level the playing field for them with the industry's giants.
Tue, 22 Mar 2011 18:16:57 EDT-- --- Airlines whipsawed by costly fuel, Japan disaster
Sun, 20 Mar 2011 16:58:41 EDTNEW YORK -- When it comes to the mood of the market, strategist Brian Gendreau called what happened on Wednesday Exhibit A.
Sat, 19 Mar 2011 17:44:18 EDTSAN FRANCISCO -- As San Francisco prepares to implement what is billed as the nation's toughest local hiring ordinance, the mood at a recent gathering of about 50 local contractors and construction industry representatives was a mix of resigned acceptance and cautious optimism.
Sat, 19 Mar 2011 13:03:00 EDTThe nation's large banks have made major progress rebuilding capital levels that had been depleted during the financial crisis, the Federal Reserve said Friday, as it gave many of the firms the green light to pay dividends to their shareholders.
Sat, 19 Mar 2011 00:52:07 EDTSome analysts predict the tragedy could dramatically disrupt the fragile global economic recovery.
Sat, 19 Mar 2011 00:14:32 EDTBRASILIA, Brazil -- It lacks the urgency of a nuclear crisis in Japan, or fighting in Libya or the threat of a government shutdown at home. But President Barack Obama embarks Friday on a trip to Latin America that many in the hemisphere consider long overdue and that the White House believes will...
Fri, 18 Mar 2011 18:01:17 EDT-- --- Investors cheer dividend increases at large banks
Fri, 18 Mar 2011 16:31:54 EDTNEW YORK -- Bank shareholders got a long-awaited gift from the U.S. Federal Reserve on Friday when the central bank cleared the way for major lenders to increase their dividends.
Fri, 18 Mar 2011 15:47:34 EDTNEW YORK -- The yen fell against the dollar Friday after the Group of Seven major industrialized nations moved to weaken the Japanese currency. But the safe-haven dollar dropped against most other currencies Friday following the coordinated currency intervention and a cease-fire in Libya.
Fri, 18 Mar 2011 11:33:48 EDTWASHINGTON -- Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent.
Fri, 18 Mar 2011 10:47:23 EDTLONDON -- Global stocks rose Friday after the world's seven leading industrial nations moved to rein in the Japanese yen, whose surge to record highs this week was hurting a country already brought to its knees by natural disasters.
Fri, 18 Mar 2011 09:50:02 EDTMajor industrialized nations will combine in a rare coordinated currency intervention to keep the Japanese yen from rising too sharply in value in the wake of the country's recent natural disaster, a sign of the deep global concern about the health of the world's third largest economy.
Thu, 17 Mar 2011 23:06:33 EDTWASHINGTON -- Finance officials from the Group of Seven major industrialized countries on Thursday agreed on a coordinated effort to weaken the Japanese yen, which has surged to record levels following last week's earthquake and tsunami.
Thu, 17 Mar 2011 18:16:08 EDT-- --- Dealers raise some car prices after Japan crisis
Thu, 17 Mar 2011 17:51:21 EDTNEW YORK -- Signs that the U.S. economy is improving helped investors put aside fears over Japan's nuclear crisis Thursday, if only temporarily. It was the first gain in the market after three days of losses.
Thu, 17 Mar 2011 16:32:14 EDTWASHINGTON -- Factories are producing more cars, computers and household appliances, and applications for unemployment benefits over the past four weeks are at the lowest point since summer 2008.
Thu, 17 Mar 2011 14:51:03 EDTU.S. stocks fell Wednesday on escalating concerns about the damaged nuclear reactors in Japan, despite large gains in the Nikkei stock index overnight.
Thu, 17 Mar 2011 11:05:03 EDTNEW YORK -- A private research group's measure of future economic activity rose 0.8 percent in February, as the job market showed improvement and consumers were more optimistic.
Thu, 17 Mar 2011 10:57:00 EDTAmerican officials could have mitigated the fallout from fraudulent loans and cronyism.
Wed, 16 Mar 2011 22:23:19 EDTNEW YORK -- The dollar dropped to a record low against the yen late Wednesday as Japan's nuclear crisis deepened. Debt woes in Europe, tension in the Middle East and weak economic reports at home also weighed on the greenback.
Wed, 16 Mar 2011 18:54:37 EDT-- --- Higher prices for food are about to get worse
Wed, 16 Mar 2011 18:52:03 EDTThe worsening nuclear crisis in Japan is triggering a near-collapse in that nation's financial markets and major losses in markets around the globe.
Wed, 16 Mar 2011 16:24:21 EDTWASHINGTON -- Americans are noticing higher prices at the grocery store, and it's about to get worse.
Wed, 16 Mar 2011 11:01:45 EDTWASHINGTON -- U.S. businesses sold more industrial supplies, chemicals and farm products in the final three months of last year, pushing the deficit in the broadest measure of foreign trade down for the first time since the spring of 2009.
Wed, 16 Mar 2011 10:57:00 EDTWith risks swirling around the globe, the Federal Reserve embraced continuity in its policies Tuesday, affirming its plans to keep interest rates low and continue its strategy of buying bonds to support the economy.
Wed, 16 Mar 2011 10:44:03 EDTU.S. stocks fell in early trading Wednesday despite large gains in Japan's Nikkei stock index overnight.
Wed, 16 Mar 2011 01:56:48 EDTSINGAPORE -- Oil prices hovered near $97 a barrel Wednesday in Asia after a big loss overnight as Japan struggled to control a damaged nuclear plant and cope with a devastating earthquake and tsunami.
Tue, 15 Mar 2011 20:56:05 EDTWhen President Obama visits Brazil this weekend, he'll ask what South America's economic engine can do for the U.S. economy.
Tue, 15 Mar 2011 19:01:44 EDT-- Japan's earthquake and nuclear crisis have put pressure on the already fragile global economy, squeezed supplies of goods from computer chips to auto parts and raised fears of higher interest rates.
Tue, 15 Mar 2011 18:14:16 EDT-- --- Japan disaster another worry for global economy
Tue, 15 Mar 2011 17:13:59 EDTWASHINGTON -- The Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis stoked new worries around the globe.
Tue, 15 Mar 2011 17:07:26 EDTNEW YORK -- The U.S. dollar was lower against the Japanese yen late Tuesday as investors worried over the nuclear crisis in Japan and the worldwide sell-off in stock markets
Tue, 15 Mar 2011 16:53:04 EDTNEW YORK -- Fears over the escalating nuclear crisis in Japan overtook financial markets around the globe Tuesday, pushing stocks and other investments lower. The Japanese stock market lost 10 percent of its value, and Wall Street dropped steeply before bouncing back.
Tue, 15 Mar 2011 15:53:18 EDT-- The Federal Reserve's chief policymaking group has vast power over the finances of ordinary people, businesses and investors. The consequences of its interest-rate decisions range wide: from people's ability to get affordable loans to the price of cereal at the grocery store or gasoline at the...
Tue, 15 Mar 2011 13:07:01 EDTYields on 10-year notes fell the most in almost three months as the Bank of Japan's efforts to provide liquidity and expand an asset-purchase program failed to stem an equity selloff, which sent the Nikkei 225 Stock Average down as much as 14 percent and sapped U.S. stocks. Two-year note yields...
Tue, 15 Mar 2011 12:41:01 EDTGeneral Electric Co., which is in talks to sell reactors to India, fell 2.5 percent. Alcoa Inc. and Anadarko Petroleum Corp. slumped at least 1.4 percent as commodity prices fell amid speculation demand will slow. Intel Corp. dropped 3.1 percent after Nomura Holdings Inc. cut its recommendation for...
Tue, 15 Mar 2011 12:01:02 EDTWASHINGTON - Japan increased its holdings of U.S. government debt for an eighth straight month in January. But the second-largest holder of U.S. Treasury bonds will likely scale back its purchases of foreign holdings, and even sell off some, in coming months to divert money toward rebuilding a natio
Tue, 15 Mar 2011 11:58:59 EDTWASHINGTON -- Japan increased its holdings of U.S. government debt for an eighth straight month in January. But the second-largest holder of U.S. Treasury bonds will likely scale back its purchases of foreign holdings, and even sell off some, in coming months to divert money toward rebuilding a...
Tue, 15 Mar 2011 11:08:00 EDTNEW YORK - Investors worried over the nuclear crisis in Japan and the ensuing worldwide sell-off in stock markets are buying up the globe's traditional safe-haven currencies: the dollar, Swiss franc and even the Japanese yen.
Tue, 15 Mar 2011 00:15:01 EDTWASHINGTON - The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.
Tue, 15 Mar 2011 00:11:00 EDTWASHINGTON -- The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.
Mon, 14 Mar 2011 16:20:02 EDTWASHINGTON - Higher oil and food prices. Unemployment near 9 percent. Crises in the Middle East and Japan.
Mon, 14 Mar 2011 13:27:04 EDTEmmett J. Rice was a World Bank official and member of the Federal Reserve Board of Governors.
Fri, 11 Mar 2011 22:37:01 ESTThe U.S. stock market barely reacted to the largest earthquake to ever hit Japan, as the level of damage from the disaster remained unclear.
Fri, 11 Mar 2011 17:55:01 ESTWASHINGTON -- President Barack Obama and the Senate's top Republican both declared on Friday they want to take on the huge entitlement programs driving America's long-term deficits - but their lines of attack differed sharply and that could lead to a showdown over government borrowing.
Fri, 11 Mar 2011 17:39:55 EST-- The earthquake and tsunami that struck Japan on Friday forced multinational companies to close factories, fight fires and move workers, inflicting at least short-term damage on the Japan's fragile economy.
Fri, 11 Mar 2011 15:57:10 EST-- Eds: Major scheduled events for the week of March 13-19, 2011. Note that many events, especially court appearances, are subject to change at the last minute.
Fri, 11 Mar 2011 14:20:15 EST-- MONDAY, March 14 TOKYO - Bank of England Gov. Mervyn King speaks in Tokyo.
Fri, 11 Mar 2011 00:00:00 ESTNew concerns about a widening U.S. trade gap and slowing Chinese growth combined Thursday with other signs of economic trouble to undercut some of the confidence about a recovery that has been building.
Thu, 10 Mar 2011 19:40:01 ESTWASHINGTON -- The government ran the largest-ever budget deficit for a single month in February. The shortfall kept this year's annual deficit on pace to end as the biggest in U.S. history.
Thu, 10 Mar 2011 19:10:49 ESTWASHINGTON -- Bankers and merchants, pillars of the business world and frequent allies, are embroiled in a bitter lobbying battle over something Americans do 38 billion times a year - swipe their debit cards. Both sides vigorously claim to speak for consumers.