Economic Reports Offset Earnings on Wall Street
The Federal Reserve said Friday that factories increased production for the ninth consecutive month. Separately, the Labor Department said inflation rose just 0.1 percent last month excluding food and...
View ArticleWall Street Shares Slide After Weak Jobs Data
Wall Street shares fell sharply after the payroll processor ADP said that 179,000 new private sector jobs were added in April. That figure was lower than the 195,000 analysts had expected. The ADP...
View ArticleStocks Fall on Weak Economic News
The Labor Department said more people applied for unemployment benefits last week, the first increase in three weeks. The number of people seeking benefits rose by 10,000 to 424,000, more than analysts...
View ArticleStocks and Bonds: Shares Down Moderately on U.S. Debt Talks
The lack of a deal to raise the debt limit in the United States hung over the financial markets on Monday, unsettling investors because of the uncertainty but not provoking a major reaction in bond or...
View ArticleDealBook: How Much Does the Fed’s Plan Really Help Main Street?
Ben Bernanke, the Federal Reserve chairman, said Thursday that the Fed’s new stimulus was meant to help Main Street. One way to gauge the extent to which Main Street might benefit is to look at the...
View ArticleEconomix Blog: Live Updates on the Fed Announcement
Markets are in a state of almost eerie calm as investors await the Federal Reserve statement. Through early afternoon, the major stock indexes were trading within 0.2 percent of Tuesday’s close....
View ArticlePlan at G-20 Is to Tighten Global Rules on Taxes
They are expected on Friday to agree to enact new tax laws that would limit the ability of multinational corporations like Apple and Starbucks to legally avoid paying taxes by operating subsidiaries in...
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