Some people wondered whether the first couple should have given more money away than the 6 percent of their adjusted gross income that they did dole out, though people did credit the couple for redirecting to charity all of the $1.4 million the president was awarded for winning the Nobel ...
NEW YORK – Investors are again worried that debt problems in Greece and Portugal could threaten the global economic recovery. Stocks plunged in the U.S. and Europe Tuesday after Standard & Poor’s downgraded the debt of the two European countries. The Dow Jones industrial average fell 213 points, its biggest ...
NEW YORK – Goldman Sachs Group was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator. The civil lawsuit is the biggest crisis in years for ...
NEW YORK – The stock market recovered from an early slide after an increase in retail sales overshadowed concerns about Greece’s debt problems and the job market. The Dow Jones industrial average finished with a gain of 30 points after being down 53 and falling the prior two days. Broader ...
NEW YORK – A late-day slide broke the stock market’s calm Wednesday after concerns grew that shares are overheated. A disappointing drop in consumer borrowing and a slide in oil prices hit a market that analysts said has been looking tired. The Dow Jones industrial average fell 72 points after ...
Rewards checking accounts offer high yields for customers who meet certain strict monthly banking activity requirements and often come with restrictions, according to a new survey Bankrate released last week. Bankrate, which surveyed 211 banks and credit unions nationwide, found that 58 of the financial institutions offer such accounts with ...
RAINE Square developer Saracen Properties is locked in a legal battle with Salta Constructions, as it attempts to secure more than $10 million in bank guarantees from the builder, which halted construction on the $550m Perth development. “(The group will be) initiating action to access the bank guarantees immediately,” Saracen ...
WASHINGTON – It’s a mystery that has puzzled even Federal Reserve Chairman Ben Bernanke: if the U.S. economy is growing rapidly, why isn’t it creating jobs? Friday’s hotly anticipated employment report for March may muddle matters even more. Economists polled by Reuters had widely divergent views, with one looking for ...
Yet the surprise is not that interest rates jumped. The real question is: What took them so long? Despite today’s mind-boggling level of public debt and deficits, and extraordinary monetary expansion, interest rates have remained surprisingly low. The 10-year Treasury interest rate, yielding 4 percent before the September 2008 collapse ...
“Dmitri, we agreed,” Mr. Obama told Mr. Medvedev with a tone of exasperation, according to advisers. “We can’t do this. If it means we’re going to walk away from this treaty and not get it done, so be it. But we’re not going to go down this path.” Mr. Obama ...
WILMINGTON, Del. – Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company’s Chapter 11 bankruptcy, a WaMu attorney said Friday. The FDIC seized Washington Mutual’s flagship bank in 2008 and ...
WASHINGTON – Aiming to stay a step ahead of counterfeiters, the government is planning a new design for the $100 bill that will be unveiled next month, the Treasury Department said Friday. Wraps will come off the facelift for Ben Franklin at an April 21 ceremony in the ornate Cash ...
JPMORGAN Chase plans to be the first Wall Street firm to sell kangaroo bonds in Australia since the collapse of Lehman Brothers Holdings. According to a statement issued yesterday by JPMorgan, the second-biggest US lender, it is marketing fixed and floating-rate five-year notes at a yield spread of 1.3 percentage ...
LONDON ? As Greece’s debt troubles batter the euro, Britain has done its utmost to stay above the fray. Until now, that is. Suddenly, investors are asking if Britain may soon face its own sovereign debt crisis if the government fails to slash its growing budget deficits quickly enough to ...
ANZ has closed the gap on its major rivals and extended the industry’s bumper earnings harvest with a 16 per cent surge in profit to $1.6 billion in the first four months of its financial year. The Melbourne-based bank is now on track to reach a six-month result of $2.41bn, ...
By David Ellis, staff writerFebruary 25, 2010: 4:01 AM ET NEW YORK (CNNMoney.com) — Don’t look now, but your big bank wants you back. Much like a cheating lover trying to make up for past transgressions, some of the nation’s top lenders have attempted to make peace with consumers lately. ...
Although investors had been expecting the People’s Bank of China to push the reserve requirement ratio higher after an increase last month, few thought the second rise would come so soon. Markets were rattled by fears that monetary tightening in the world’s third-largest economy would be more aggressive than had ...
