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Yesterday, Federal Reserve Chief Ben Bernanke was in front of the Senate Banking Committee trying to hold on to his job. Some Senators were complimentary on Bernanke’s job. Republican Senator Judd Gregg from New Hampshire gave the Fed Chairman a warm welcome.
NEW YORK - Investors grew more confident about the economy but also worried a brighter employment picture will mean rising interest rates.
Filed under: News , The Economy It seems that the Congressional Black Caucus has a bone to pick with President Barack Obama. The 43-member group recently agreed to boycott a vote on a financial overhaul measure as a sign of protest toward the Obama Administration. The bill easily passed, but Rep. Maxine Waters made it clear that the caucus could cause trouble for future Democratic bills by ...
Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.
WASHINGTON—Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery.
National News FORT HOOD, Texas — A cheering crowd has greeted former Republican vice presidential candidate Sarah Palin at Fort Hood in Texas. Palin stopped at Fort Hood as part of her national booksigning tour. Her visit comes a month after a mass shooting at the Army post left 13 dead and scores more wounded.
NEW YORK
U.S. stocks in the week ahead face another round of reports on how consumers are dealing with tough but recently improving job prospects, information that could swing a market shown to make sudden reversals on minor shifts in sentiment.
NEW YORK (AP) | Investors grew more confident about the economy but also worried that a brighter employment picture would mean rising interest rates. Stocks closed higher Friday but only after giving up much of their earlier gains. Indexes touched new highs for the year in the morning following news that job cuts fell sharply in November, but that report also brought expectations that the ...
Dollar soars after US jobless rate drops; investors weigh possible earlier rate hike
NEW YORK (AP) — The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank’s ability to handle future crises and may politicize monetary policy.
The Associated Press Two years of steep job cuts all but ended last month, unexpectedly pulling down the U.S. unemployment rate and raising hopes for a lasting economic recovery.
NEW YORK (AP) -- Stocks closed higher yesterday but only after giving up much of their earlier gains.
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.
Stocks closed higher Friday but only after giving up much of their earlier gains.
WASHINGTON — Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery. Federal figures released Friday showed that the rate fell from 10.
