“We have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold,” said Federal Reserve Chairman Ben Bernanke in a testimony to Congress.
U.S. stocks traded lower on Tuesday as a jump in oil prices renewed fears of hampered economic activity, offsetting a positive reading on manufacturing.
US stocks advanced in early trade on Tuesday, the first trading day of March, after markets recorded third consecutive monthly gains in February.
Apple will hold an event on Wednesday that is likely to be the unveiling of its much-anticipated iPad 2.
Chinese search engine Baidu.com, an e-commerce unit of Alibaba and Sweden torrent download site Pirate Bay have been named on the United States Trade Representative (USTR)'s Notorious Markets List.
Continuing anti-government protests has brought tens of thousands of people to the capital of Yemen, again demanding the resignation of President Ali Abdullah Saleh, one day after he proposed the formation of a new unity government which would include opposition members.
The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could lead to weaker growth and higher inflation if sustained, Federal Reserve Chairman Ben Bernanke said on Tuesday.
U.S. stock index futures pointed to a positive open on Tuesday but gains could be capped by a jump in oil prices as investors awaited testimony from U.S. Federal Reserve Chairman Ben Bernanke.
The companies whose shares are moving in pre-market trade on Tuesday are: Forest Laboratories, Autozone, Lorillard, Jds Uniphase, Windstream, KeyCorp, Eog Resources, Health Care REIT, Southwestern Energy and Huntington Bancshares.
Congress should pass legislation overhauling the U.S. housing finance system within two years, though it should not act in haste, Treasury Secretary Timothy Geithner said.
Google Ventures and Khosla Ventures have invested $42 million in a San Francisco-based start up WeatherBill, a provider of insurance to farmers against weather-related damages.
Within weeks from declaring 2011 to be Mexico's “year of tourism,” the country's president Felipe Calderon said that the government aims to make Mexico the world's top fifth tourism destination by 2018.
U.S. stock index futures were up but eased from earlier highs on Tuesday after crude oil jumped and investors awaited testimony from Federal Reserve Chairman Ben Bernanke.
Shares of Tenet Healthcare Corp. (THC) touched a new 52-week high of $7.27 on Monday. The company said Friday that its fourth quarter earnings more than tripled as patient visits improved signaling better consumer confidence.
World Race 2011 will have about 25 cars from different countries racing to circle the globe on the same path on which the 1908-winner drove.
U.S. stock index futures were higher on Tuesday as investors awaited testimony from U.S. Federal Reserve Chairman Ben Bernanke, who is not expected to cut short the Fed's bond buying program.
Consumer electronics giant Panasonic Corp said on Tuesday it had dropped development of a handheld online gaming device that had been tentatively named Jungle.
Costs for Chinese and Indian factories jumped in February, pointing to a need for more measures to prevent inflation from undermining the world's two fastest-growing economies, surveys showed on Tuesday.
Oil prices rose back above $112 a barrel on Tuesday due to concerns over unrest in the Middle East, though stock markets shrugged off the move, preferring to focus on optimism over the outlook for the U.S. economy.
Reports say many cities along the west of the country are being besieged as forces loyal to Gaddafi are trying to retake control of them. ABC News has reported, quoting diplomats, that thousands of people have died in the western border with Tunisia in the two weeks since violent protests erupted.
Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) announced positive results on Wednesday from a late-stage STRIVE study of its oral drug VX-770 for treatment of cystic fibrosis, a genetic disease that impairs the lung. The shares of the drugmaker touched a new 52-week high of $46.75 on Monday.
U.S. auto sales are expected to show a gain of about 20 percent from the still-depressed levels of a year earlier in February, but the recent rise in oil prices could slow or even derail the industry's recovery, analysts and industry executives say.
