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WASHINGTON, Dec. 14 (UPI) -- The U.S. economy is the topic of discussion for President Obama and members of the financial industry when they meet on financial lending and economic recovery
The latest finance news, quotes, and investing information.
(Corrects ninth and 10th paragraphs to show economic reports are scheduled for tomorrow.) Dec. 14 (Bloomberg) -- Treasuries were little changed, giving up an initial gain, after Dubai World said it would pay debt due today, cutting demand for the relative safety of government securities.
The Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the stimulus it poured into the economy, former Fed Chairman Alan Greenspan said on Sunday.
WASHINGTON - A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to rein in trillion-dollar plus budget deficits to avoid having the spiraling national debt drag down the economy.
U.S. stock index futures slipped on Tuesday, a day after stocks hit a 14-month high, as concerns about the health of the German economy and euro zone banks drove the U.S. dollar higher.
Stocks were poised for a lower open Tuesday as investors awaited reports on manufacturing and inflation as the Federal Reserve begins its final policy meeting of the year.
Uncertainties about the strength of the economic recovery weighed on markets Tuesday, pushing shares down in Europe and Asia.
Dec. 15 (Bloomberg) -- The dollar rose to a more than two- month high against the euro amid speculation improving economic data in the U.S. will spur the Federal Reserve to signal an exit from policies intended to combat the recession.
Dec. 15 (Bloomberg) -- The dollar rose to a more than two- month high against the euro amid speculation improving economic data in the U.S. will spur the Federal Reserve to signal an exit from easing policies intended to combat the recession.
It's unlikely there will ever be broad agreement across this polarized land with President Obama's assertion in an address at the Brookings Institution that "we have had to spend our way out of this recession." Three-quarters of a century on and people still argue about whether the New Deal helped or hurt.
Retail sales numbers during the shopping season will play a role in resolving debates over the strength of an economic recovery and the durability of the stock-market rally.
Dec. 15 (Bloomberg) -- The dollar traded near a two-month high against the euro amid speculation improving economic data in the U.S. will spur the Federal Reserve to signal an exit from easing policies intended to combat the recession.
Dec. 14 (Bloomberg) -- The euro traded near a two-month low against the dollar before reports this week that economists said will show European industrial output fell, while industries in the U.S. boosted production and housing starts rebounded.
WASHINGTON (AP) — 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.
Immigrants in the Baltimore area are contributing more to the local economy than their population numbers would suggest, according to a new report on their impact.
Inflation at the wholesale level probably posted a temporary jump in November, reflecting a spike in gasoline prices. Economists surveyed by Thomson Reuters expect wholesale prices rose by 0.8 percent last month following a 0.3 percent increase in October.
