The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.
The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
The Federal Reserve on Tuesday left monetary policy on hold but said financial market turbulence posed threats to economic growth, leaving the door open to further easing next year.
Futures pointed to a slight rebound on Wall Street on Tuesday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.41 percent and Nasdaq 100 futures up 0.34 percent at 5:28 a.m. ET.
The sell-off in European stocks and the euro eased on Tuesday but concerns the region remains a long way from solving its sovereign debt crisis was seen likely to keep the pressure on.
An index of consumer sentiment rose to its highest in six months in early December and the trade deficit narrowed in October in the latest signs that the U.S. economy's health is slowly improving.
Shares of Barnes & Noble fell more than 16 percent as the New York-based company posted a $6.6 million loss in the fiscal second quarter due to sagging book sales, resulting in a loss of 17 cents a share.
Online retail sales on Cyber Monday 2011 hit record highs and jumped 33 percent compared to the same day last year, according to a report from IBM Coremetrics.
Cyber Monday was on course to set another record for retail sales on Monday, as the strong start to the holiday shopping season continued online.
Shares of the Seattle-based retailer rose 6.44 percent to $194.15.
Online retail sales in the United States on the post-Thanksgiving shopping day known as Black Friday jumped 26 percent this year, led by Amazon.com Inc, comScore said on Sunday.
More people are expected to shop on this year's Black Friday, according to a survey for the National Retail Federation conducted by BIGresearch.
South Africa's rand reversed its earlier losses against the dollar on Wednesday and government bond yields pulled back from the previous day's multi-week highs as local assets took a breather from a hammering brought on by global risk aversion.
Asian stock markets ended lower on Wednesday, as concerns about Europe’s debt crisis offset better-than-expected reports on U.S. economy Tuesday.
Stocks rose in a choppy market on Tuesday, led by gains in technology shares that offset worries the Eurozone's debt troubles will spread.
U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.
U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.
U.S. consumer sentiment perked up in November to its highest level in five months as Americans felt more upbeat about the economy's prospects, a survey released on Friday showed.
Despite the current global economic crisis -- which seems to have taken a relative stranglehold on Europe -- France has somehow managed to weather the storm. And, perhaps, thrive, if even just a bit.
China's exports in October rose at their weakest pace in eight months, underlining official concern about the sector that has dragged on economic growth this year while imports jumped much more than expected.
General Growth Properties, the large mall operator that exited bankruptcy protection last year, reported core funds from operation (FFO), which measures its ability to generate cash, of $224.2 million, or 23 cents per share, up slightly from FFO of $223.2 million in 2010.
China's annual inflation rate fell sharply in October to 5.5 percent in a further pullback from July's three-year peak, giving Beijing more room to fine tune policy to help an economy feeling the chill of a global slowdown.
