18465 Stories, most recent news story added Fri Dec 4, 8:47 am ET
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.
Federal Reserve Chairman Ben Bernanke faced tough questions from the Senate Banking Committee about the Fed's failures leading up to the financial crisis and the role it played in the bailout of Wall Street firms. While Bernanke is ultimately expected to be reconfirmed, the hearing may influence the Fed's future role in an overhauled financial system.
Futures add gains after upbeat jobs data NEW YORK (Reuters) - U.S. stock index futures extended gains on Friday as a government report showed that surprisingly far fewer-than-expected jobs were lost in November, reinforcing hopes of a recovery. * S&P 500 futures rose 13.30 points and were above fair...
NEW YORK (Reuters) - U.S. stock index futures extended gains on Friday as a government report showed that surprisingly far fewer-than-expected jobs were lost in November, reinforcing hopes of a recovery.
Bank of America sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its search for a new chief executive, Reuters reported.
Obama vows to tackle jobs challenge head-on WASHINGTON (Reuters) - President Barack Obama urged corporate America on Thursday to help tackle the nation's highest unemployment in 26 years but also hinted at federal tax credits and aid to states to ease jobless woes. "There's no question that it is...
President Obama offered no promise that he could do much to ease joblessness quickly even as he comes under pressure from his own party to do more.
Senators took aim yesterday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses that led to the financial crisis and the corporate bailouts that followed. And some warned that the Fed’s record-low interest rates could feed a new speculative bubble. Bernanke remained stoic during the roughly five-hour hearing by the Senate Banking Committee, which is ...
Greenback jumps on recovery hopes after report says U.S. employers cut 11,000 jobs in November.
WASHINGTON, Dec. 3 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told Senate Banking Committee members in a partly contentious confirmation hearing the central bank made mistakes.
Confronted with concern that his own ambitious agenda and the uncertain climate it has created among employers have slowed hiring, the president defended his policies.
U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
Dec. 4 (Bloomberg) -- Investors should buy “screamingly cheap” Treasuries in the expectation that the Federal Reserve will keep interest rates on hold through next year as inflation remains subdued, according to Royal Bank of Scotland Plc.
Senators took aim Thursday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses...
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
U.S. Senator Bernie Sanders said on Wednesday that he was placing a hold on Ben Bernanke's nomination for a second term as Federal Reserve chairman, a move that could slow the confirmation process.
