The Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, two Fed officials said on Thursday.
Republican lawmakers on Thursday met with a senior Federal Reserve official who opposes the central bank's easy money policies to discuss stripping the Fed of its task of ensuring full employment.
Republicans, who will control the House of Representatives in January, greeted the idea of Internet do not track legislation coolly on Thursday, expressing concern that hindering advertiser access to consumers web browsing habits would slow innovation.
Fall back on your sofa in five years, snap your fingers to turn on a TV that's thin as paper and stretches across a wall, then ask it to switch to your favorite sports channel so you can watch the day's baseball game in 3-D -- no glasses required.
The Federal Reserve's balance sheet grew for a fifth consecutive week and closed in on its record size, with the rise stemming from its ongoing purchases of Treasuries, Fed data released on Thursday showed.
The trustee seeking money for defrauded former clients of Bernard Madoff said he filed a $6.4 billion lawsuit accusing JPMorgan Chase & Co of aiding the imprisoned Ponzi schemer's fraud as his main banker.
The House of Representatives, in the waning days of Democratic control, passed an extension on Thursday of Bush-era tax cuts for the lower and middle classes in a symbolic vote that would let tax cuts for the wealthiest expire.
Wall Street rallied for a second day on Thursday as concerns about Europe's sovereign debt crisis waned, forcing investors to reverse bearish bets on the market.
U.S. Federal Reserve Chairman Ben Bernanke will appear on the news program 60 minutes on Sunday, part of an effort by the central bank to step up its public communications.
The Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, two Fed officials said on Thursday.
Fresh signs the U.S. economy has broken out of its summer soft patch emerged on Thursday as data showed a gauge of jobless benefits hit a new two-year low last week and pending home sales unexpectedly rose in October.
EBay Inc has acquired shopping engine Milo.com, underscoring the growing allure of local services even as fellow Internet giant Google ponders buying discount coupon site Groupon.
Two more lawmakers pledged on Thursday to support a plan to slash the U.S. budget deficit drawn up by the co-chairmen of a presidential commission, but the plan still faced long odds of moving to Congress.
Clearwire Corp plans to sell more than $1.1 billion in debt after months of negotiations to stave off a looming funding gap as it spends billions on building a new wireless network.
Washington Mutual Inc defended on Thursday its plan to repay creditors, while an attorney for disgruntled shareholders attacked the proposal because it leaves them with nothing.
Financial stocks led Wall Street higher on Thursday after the European Central Bank left in place a liquidity safety net for vulnerable banks.
The International Monetary Fund said on Thursday it is in a strong financial position and has the resources to help member countries in need, amid an escalating euro zone debt crisis.
Wall Street rose on Thursday, led by banks and home builders after European lenders decided to continue a liquidity safety net for vulnerable banks and pending home sales data showed an unexpected jump in October.
General Motors Co said on Thursday that it made a $4 billion cash contribution to pension plans for its U.S.-based hourly and salaried workers.
Pending sales of existing U.S. homes unexpectedly surged in October, data from a real estate trade group showed on Thursday, despite concerns that problems in the foreclosure process might curtail activity.
U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said, citing people familiar with the matter.
Japan's Nikkei share average hit a five-month high and the euro stayed within sight of overnight highs on Thursday ahead of a European Central Bank meeting that investors speculate could yield new measures to contain the euro zone's fiscal crisis.
A presidential commission trying to balance the budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit.
Groupon announced a handful of deals on Wednesday to expand its presence in Silicon Valley and in Asia, as Google Inc remains in talks to acquire the online discount coupon provider.
Spot Gold touched a near 3-week high for Dollar investors above $1396 per ounce in London trade on Wednesday, but slipped back from new record highs in Euros and Sterling as the US currency dipped on the forex market.
U.S. online retail sales on Cyber Monday hit an all-time high and surpassed $1 billion for the first time for any single day of web shopping, according to research firm comScore Inc.
No central bank ever began a hyper-inflationary policy because it feared inflation. Such disasters always come because of vanished credit and economic depression. And whether in Germany nine decades ago, or in Argentina twenty years back, or in Robert Mugabe's Zimbabwe around the turn of this century, stuff actually gets cheaper - not more expensive - in real terms during hyperinflation.
A Senate wrangle over soaring budget deficits on Tuesday stopped the passage of a crucial extension of unemployed benefits to millions of Americans experiencing the sting of the worst jobs crisis in three decades. The failure of the lame duck Congress to extend benefits will cut off sustenance payments to two million people in December, adding to the woes of home losses, bankruptcies and foreclosures, besides also setting back the economic recovery.
Here's a quick lowdown on the situation.
Online group discount website Groupon said on Wednesday that it has acquired three deal websites in Asia, expanding the company's reach across East and Southeast Asia.
NZD/USD has broken below its key support level on Tuesday as dollar's across-the-board strength weighed on the kiwi currency, and at a near 2 month low, the pair is now testing its 100-day SMA on the daily chart. Momentum indicators clearly suggest the pair is in the oversold zone but a strong technical reversal also need the support of good news from the Euro-zone, traders said.
