Tackling Global Warming; Obama's Jobs Plan; Economy Fragile but Rising
Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their criminal cases, according to court records on Monday.
The U.S. Securities and Exchange Commission will likely seek public input on so-called high-frequency trading strategies, and whether traders using them gain any special advantages by placing fast computers next to exchanges.
Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their cases, according to court records on Monday.
The Australian Dollar opens higher against the greenback today at 0.9135.
The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.
The Obama administration's greenhouse gas ruling Monday was meant to send a warning to industry, the U.S. Congress, and the world: with or without a law, Washington will tackle global warming in a serious way.
Business groups reacted with alarm and environmentalists with applause to the U.S. Environmental Protection Agency's formal declaration Monday that greenhouse gas emissions endanger human health, clearing the way for federal regulation.
Business groups reacted with alarm and environmentalists with applause to the U.S. Environmental Protection Agency's formal declaration Monday that greenhouse gas emissions endanger human health, clearing the way for federal regulation.
MetLife Inc forecast 2010 earnings that could beat average Wall Street expectations, helped by cost cuts, improved investment returns and higher revenue, but said it did not see a return to historical growth levels until at least 2011.
Washington took a step on Monday toward curbing U.S. greenhouse gas emissions, aiding the first day of the biggest climate talks in history where 190 nations are seeking a deal to curb global warming.
Stocks ended little changed on Monday as investors paused to gauge prospects for the U.S. economic recovery and interest rates after Federal Reserve Chairman Ben Bernanke said the economy faced formidable headwinds.
The U.S. Environmental Protection Agency formally declared that greenhouse gases endanger human health Monday, allowing President Barack Obama to show his commitment to act as a major climate change summit opened in Copenhagen.
About 15,000 delegates from about 190 nations are meeting in Copenhagen from Dec 7-18 and have been tasked with agreeing immediate action to curb greenhouse gases and come up with billions of dollars in climate aid for poorer countries.
President Barack Obama will lay out policy proposals to combat double-digit unemployment in a speech on Tuesday tackling an economic problem that has become a political drain on his young administration.
JPMorgan Chase & Co. Chief Executive Jamie Dimon and Chief Financial Officer Mike Cavanagh are expected to publicly review the bank's financial results for the fourth quarter and take questions from banking sector analysts on January 15.
Oil fell toward $74 a barrel on Monday as low demand for crude oil in the wake of the economic downturn continued to pressure prices, outweighing last week's strong U.S. job report.
U.S. securities regulators on Monday charged three former executives at now-bankrupt lender New Century with fraud, the latest government attempt to bring bad actors in the subprime market to justice.
MetLife Inc forecast fourth-quarter and 2010 earnings that could beat average Wall Street expectations, helped by cost cuts, improved investment returns and higher revenue, but said it did not see a return to historical growth levels until 2011 or 2012.
A bubble has formed in commodities as speculative fervor returns to markets after the global financial crisis, veteran Wall Street economist Henry Kaufman said on Monday.
The dollar fell from four-week highs on Monday as Federal Reserve Chairman Ben Bernanke doused expectations the U.S. central bank would raise interest rates anytime soon. Bernanke said that while the U.S. economy has improved, the recovery remains fragile and the unemployment rate could remain high for some time. In remarks before the Economic Club of Washington, he added that he still sees an extended period of low rates. For his remarks, click on [ID:nN07169826].
