Stocks indexes closed Thursday mixed, despite jobless claims data showing improvement in the labor market, which helped offset revived concerns about the euro zone’s fiscal stability. In another indication that the U.S. labor market is slowly improving, government data on Thursday showed the number of Americans filing claims for new ...
NEW DELHI: Finance minister appealed on Saturday to fractious government allies and a hostile opposition to cooperate “in the national interest” to restore the health of Asia’s third-largest economy. Pranab Mukherjee’s call came as global ratings agencies and investment houses warned that India’s weak public finances and political paralysis over ...
The Federal Reserve said that recent strains on financial markets were easing, and the economy was “expanding moderately,” though growth still faced significant downside risks. The assessment of the economy’s expansion was unchanged from the Fed’s January statement. Recently, Wall Street was unnerved after Fed Chairman Ben Bernanke stopped short ...
U.S. stocks slipped Wednesday as U.S. Federal Reserve Chairman Ben Bernanke’s comments were viewed as a bit more hawkish, but reports suggesting more improvement in the economy curbed losses. The three major U.S. stock indexes ended lower, snapping a four-day streak of gains. Still, the broader market, as measured by ...
Every month, some young bureaucrat in the Chinese State Administration of Foreign Exchange (known, slightly menacingly, as SAFE) reaches out to a trader in London and buys or sells billions of dollars’ worth of U.S.
To boost the economy, perhaps we just need more people, one author argues. In the more than four years since the United States began its long period of economic malaise, there have been many ideas for what can get American growth back into high gear.
FRANKFURT — Torsten Emmel may have looked like an innocent florist, a gentle guy with a shaved head and an apron, clipping the stems of fresh freesia. In fact, he was on the verge of breaking the law. Mr. Emmel’s crime: Setting a placard on the sidewalk outside his shop ...
The 2012 election is already shaping up to be a war of the classes…and much of the battle centers around taxes. President Obama is demanding that the rich chip in more to boost the nation’s coffers. The Republican candidates are pushing for lower tax rates, which they say will boost ...
Traders gather at a post on the floor of the New York Stock Exchange. A surge in hiring last month lifted U.S. stocks Friday, with the technology-heavy Nasdaq index hitting an 11-year high, as the data boosted hopes the world’s largest economy has turned a corner.
Slight improvements in Europe’s troubled debt markets and China’s economy were enough to send stocks higher Tuesday. Debt auctions by Spain, Greece and Europe’s bailout fund drew solid interest from investors, easing fears that recent credit-rating downgrades would prevent them from obtaining funds. The downgrades had threatened to increase borrowing ...
By msnbc.com staff and news services Stocks ended trading flat Wednesday, after steadily fighting their way back from an initial drop early in the session. Worries about the European economy seemed to weigh on investors. According to preliminary calculations, the Dow Jones industrial average was 13.02 lower, or 0.10 percent, ...
PARIS — The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system. In Nigeria last week, IMF Christine Lagarde said the IMF’s 4 percent growth forecast for ...
Claims fell by 4,000 last week to 364,000, the Labor Department said Thursday. It was the third straight weekly drop. The four-week average of claims, a less volatile gauge, fell for the 11th time in 13 weeks and stands at the lowest since June 2008. While the economy remains vulnerable ...
Virginia Mayo/Associated Press Mario Draghi, president of the European Central Bank, at a meeting of the Economic and Financial Committee at the European Parliament in Brussels on Monday. The dire prediction, contained in the E.C.B.’s twice-yearly report on the risks to the euro area financial system, came as E.U. governments ...
Trading was volatile before Friday’s quadruple witching expiration when not only equity options expire, but also stock index futures, stock index options and individual stock futures. Stocks pared some of their gains after Christine Lagarde, the head of the International Monetary Fund, said the world economic outlook is “quite gloomy” ...
Normally, all that would suggest a bright outlook for the economy. Problem is, employers still aren’t hiring much, the number of people seeking unemployment benefits remains high and Europe’s debt crisis poses a grave threat to the future. Thursday’s mixed economic picture came a day before the government will report ...
Despite a morning swoon, stocks ended higher Tuesday, in part buoyed by a report that said consumer spending increased more than expected in October. According to preliminary calculations, the Dow Jones Industrial Average was up 17.18 or 0.14 percent, to 12,096.16. The S&P 500 rose 6.03, or 0.48 percent to ...
