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Federal Reserve Chairman Ben Bernanke is speaking as though the Fed has controls over unemployment as well as price stability. That's a sure way to get Congress to exercise the authority by which it created the Fed and start overseeing it more closely.
WASHINGTON -(Dow Jones)- The U.S. Federal Reserve's balance sheet shrunk for a third time in as many weeks as backstop lending to banks continued to decline, the central bank reported Thursday.
A band of 28 Republican senators is calling on the United Nations to appoint an independent investigator to probe leaked e-mails they claim raise serious questions about the science behind global warming.
McLEAN, Va. — Mortgage rates rose this week but still remained below 5 percent, Freddie Mac sa...
Dec. 10 (Bloomberg) -- JPMorgan Chase & Co. sold $500 million in securities backed by commercial mortgages without aid from a Federal Reserve program to jumpstart lending, according to a person familiar with the transaction.
THE CLOSING BELL -- UP 69: Stock indexes rose as a jump in exports offset concerns about an increase in unemployment claims. NYSE, NASDAQ TODAY'S BUSINESS NEWS: » October trade deficit drops to $32.9B » New jobless claims rise to 474K » State's foreclosure rate drops 13% » Feds target role of rating agencies in meltdown » These gifts help share financial lessons » Exports up for 6th straight ...
NEW YORK (AP) — Stock indexes rose Thursday as a jump in exports offset concerns about an increase in weekly unemployment claims. A weaker dollar is lifting demand for U.S. goods, which become l...
Treasury Secretary Tim Geithner said on Thursday that he had no choice but to pay top dollar to business partners of troubled insurer AIG to avert a deeper financial panic last year.
US household net worth rose for a second straight quarter in the July-September period as Americans reduced their debt by the largest amount on record, a Federal Reserve report showed Thursday.
McLEAN, Va. - Mortgage rates rose this week but still remained below 5 percent, Freddie Mac said Thursday. The average fixed rate on 30-year mortgages was 4.81 percent, up from a record-low 4.71 percent last week. Last year at this time, the average fixed rate for 30-year mortgages was 5.47 percent.
Stock indexes rose Thursday as a jump in exports offset concerns about an increase in weekly unemployment claims. A weaker dollar is lifting demand for U.S. goods, which become less expensive for foreign buyers when the greenback falls. The Commerce Department said a rise in exports helped narrow the nation's trade gap to $32.9 billion in October.
NEW YORK — Gold rebounded Thursday as a weaker dollar lured investors back after four days of ...
Senator Chuck Schumer calls it a double whammy against your bank account. He says most banks double dip by charging a fee when their...
Dec. 10 (Bloomberg) -- Treasuries fell, with the gap in yields between 2- and 30-year securities reaching the widest margin since at least 1980, after a $13 billion offering of 30- year bonds drew lower-than-forecast demand.
(AP:WASHINGTON) Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week. The Fed says commercial banks averaged $19.4 billion in daily borrowing over the week that ended Wednesday. That was down $468 million from the previous week.
(AP:NEW YORK) Gold rebounded Thursday as a weaker dollar lured investors back after four days of declines. Gold for February delivery added $5.30 to settle at $1,126.20 an ounce on the New York Mercantile Exchange.
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