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The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six months, a move that gives lawmakers time to overturn it or end confusion over illegal practices.
Average rates for 30-year, fixed-rate mortgages fell this week, matching a record low set last spring. Rates are more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
The Treasury Department and the Federal Reserve are giving U.S. financial institutions an additional six months to comply with regulations designed to ban unlawful Internet gambling.
The dollar gained ground against major rivals Friday as investors cut exposure to risky assets and high-yield currencies after Dubai's state-owned finance arm sought to suspend debt repayments.
Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said.
TUESDAY, Dec. 1 WASHINGTON -- National Association of Realtors releases pending home sales index for October, 10 a.m; Commerce Department releases construction spending for October, 10 a.m.; Senate Commerce, Science and Transportation subcommittee hearing on aviation safety, focusing on pilot fatigue.
SUNDAY, Nov. 29 Several airlines will begin adding 10-dollar surcharges on most of their tickets. TUESDAY, Dec. 1 WASHINGTON -- National Association of Realtors releases pending home sales index for October, 10 a.m; Commerce Department releases construction spending for October, 10 a.m.; Senate Commerce, Science and Transportation subcommittee hearing on aviation safety, focusing on pilot fatigue.
The Treasury Department and Federal Reserve announced they would delay implementing a law to restrict Internet gambling. Read more...
You can get a better return off the money you have at a bank. But you have to take some risk to get it.
The dollar sank to a fresh 14-year low against the yen Friday as worries about Dubai's debt mountain drove investors to buy safe haven assets like the yen.
(Adds comment from House Financial Services Chairman Barney Frank.) WASHINGTON -(Dow Jones)- The U.S. Treasury Department and Federal Reserve have delayed by six months compliance with the federal government's policies concerning Internet gambling, the agencies said in a joint statement Friday.
Nov. 27 (Bloomberg) -- U.S. and emerging-market stocks slumped and commodities dropped as Dubai’s attempt to delay debt repayments unnerved investors. Treasuries and the dollar rose while credit-default swaps surged.
Nov. 27 (Bloomberg) -- The dollar rose against most major counterparts as Dubai’s attempt to delay debt spurred investors to sell higher-yielding assets funded with the currency.
Nov. 27 (Bloomberg) -- Treasury two-year notes advanced, pushing the yield to its lowest level in 11 months, after Dubai’s proposal to delay debt payments sparked a global slide in stocks and higher-yielding assets.
WASHINGTON -(Dow Jones)- The U.S. Treasury Department and Federal Reserve have delayed by six months compliance with the federal government's policies concerning Internet gambling, the agencies said in a joint statement Friday.
Nov. 27 (Bloomberg) -- U.S. stocks fell, joining a global slump that began when American exchanges were closed yesterday, as Dubai’s attempt to reschedule debt rattled investors and drove shares of banks lower.
