By John W. Schoen, Senior Producer At least we’re saving money at the gas pump. That seems to be the takeaway from the latest monthly read on the sentiment of American consumers by the widely watched Thomson Reuters/University of Michigan survey. The index moved up to 79.3 in May, from ...
Stocks were struggling Thursday as investors weighed tepid economic data and focused on buying beaten-down stocks as the S&P 500 stock index has fallen more than 5 percent so far this month. Earlier, data showed demand for long-lasting U.S. manufactured goods rose less than expected in April while weekly jobless ...
The Quinnipiac poll of swing states– Florida, Ohio, and Pennsylvania raises profound challenges for President Obama, underscoring why the election is effectively a tossup, notwithstanding his narrow lead in the Real Clear Politics averages. There are a number of reasons I have reached this conclusion.
U.S. retail sales for March shot up 0.8 percent, sharply higher than the forecast, according to the Commerce Department. But Apple shares dropped, weighing heavily on the Nasdaq index. Some investors have been watching a trend line in Apple’s meteoric rise this year and said it was broken on Monday ...
Mortgage rates fell over the past week, sending the 15-year benchmark to a record low, mortgage giant Freddie Mac said Thursday. While 30-year fixed-rate mortgages are more common, low mortgage rates have made 15-year notes more realistic for some homeowners, especially those who have relatively low balances and want to ...
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 ...
Stocks struggled near four-year highs Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached. With the quarter ending Friday, portfolio managers adjusted holdings by buying some of the best performers to dress up their portfolio. About ...
The U.S. banking system remains exposed to Europe, but stress tests conducted by the Fed found most banks could weather a severe recession triggered by the debt crisis, Bernanke told the House Oversight and Government Reform Committee. “Although a blow up in Europe would be very costly to the American ...
Hewlett Packard Co CEO Meg Whitman plans to combine the computing giant’s PC and printing divisions in a major internal overhaul intended to spur combined sales of hardware to customers. That reorganization, expected to be announced “soon,” would see printing division chief Vyomesh Joshi step down and current PC chief ...
© Brendan Mcdermid / Reuters / REUTERS Traders work on the floor of the New York Stock Exchange. Stocks rose Thursday, with the S&P 500 index, a broad gauge of the market, topping the 1,400-mark for the first time since the financial crisis on a strong run of economic data.
The Fed said 15 of the 19 major banks tested passed. The Fed noted that all 19 banks are in a much stronger position than immediately after the 2008 financial crisis. Still, SunTrust, Ally Financial and MetLife joined Citi in failing to meet the test’s minimum capital requirements. The Fed ...
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 ...
CHANDIGARH: When the newly-elected Punjab assembly meets for the first time later this month, it will look more like a millionaires club than a legislature. The 117-member house has no less than 101 crorepatis, data analysed by NGO Punjab Election Watch (PEW) has revealed. The affidavits submitted by Punjab politicians ...
U.S. stocks rose on Thursday as Greece moved closer to concluding a bond swap with private creditors that is needed to avoid a messy default. The S&P 500 continued to claw back from a string of losses that drove the index down more than 2 percent in three sessions. Even ...
U.S. stocks advanced on Thursday, reversing declines from the previous session, after some positive data on the labor market and solid monthly sales from retailers encouraged buying. But gains were muted as this year’s rally, which has pushed major indexes to multi-year highs, has left some investors leery of a ...
NEW YORK — Cash bonuses to be paid to New York City securities workers for their 2011 performance are expected to slide 14 percent to $19.7 billion as stiffer regulations took a toll on profits, New York State’s comptroller said Wednesday. The securities industry, which still has not recovered ...
Stocks finished the week mixed Friday as the Dow Jones industrial average flirted again with 13,000 before turning negative in late afternoon trading. According to preliminary calculations, the Dow finished down 2.05 points, or 0.02 percent, to 12,982.64. The S&P 500 rose 2.26, or 0.17 percent, to 1,365.72. The Nasdaq ...
