The S&P 500 and the Dow fell on Wednesday after a report showed new home sales dropped unexpectedly in December, while Caterpillar Inc and United Technologies Corp gave guarded outlooks for the months ahead.
U.S. stocks fell on Wednesday after data showed new home sales dropped unexpectedly in December, as investors remained wary ahead of the U.S. president's State of the Union speech and the end of the Federal Reserve policy meeting.
A congressional panel, probing how money from the huge bailout of insurer American International Group Inc was spent, grilled Treasury Secretary Timothy Geithner on Wednesday about his role.
Global business leaders warned Western governments Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.
The Dow Jones Industrial Average is down 0.35 percent, the S&P 500 Index has fallen 0.27 percent, and the Nasdaq Composite Index slipped by 0.17 percent at 10:54 a.m. in New York as investors wait for answers from Washington.
After his worst political setback since he took office a year ago, President Barack Obama will vow to revive job growth and tame skyrocketing budget deficits in a crucial State of the Union speech on Wednesday.
U.S. stock index futures were little changed on Wednesday as investors awaited the outcome of a two-day Federal Reserve policy meeting, though earnings results from Boeing Co and Caterpillar Inc limited gains.
After his worst political setback since he took office a year ago, President Barack Obama will vow to revive U.S. job growth and tame skyrocketing budget deficits in a crucial speech on Wednesday.
Leading bankers and industry groups warned on Wednesday against isolated initiatives by the United States and Britain to regulate banks, saying one set of rules were needed to govern the global banking industry.
Stock index futures pointed to a mixed opening on Wall Street on Wednesday, following declines in Europe and Asia, with some caution expected ahead of the Federal Reserve interest rate decision later in the day.
Global stock markets fell again on Wednesday, hitting their lowest in two months as investors fretted about a monetary squeeze from central banks around the world and also the impact of tightening U.S. banking regulation.
As President Barack Obama goes before Congress and the U.S. public on national television on Wednesday evening for the annual State of the Union address, he faces the challenges of double digit unemployment, a declining approval rating, and some intense criticism over his latest spending freeze proposal
The U.S. Senate on Tuesday moved to clear the way to confirm Ben Bernanke to a second term as Federal Reserve chairman, setting a procedural vote for Thursday in a sign that the needed votes were now secured.
U.S. stocks slipped late on Tuesday due to trepidation over churning political and regulatory developments, offsetting solid earnings and improved consumer confidence data.
President Barack Obama will deliver his first State of the Union speech at 9 p.m. EST/ 6 p.m. PST Wednesday in Washington.
Vice President Joe Biden tried on Tuesday to calm Democrats nervous about a voter backlash over the U.S. economy, predicting job growth soon and insisting the reports of our demise are premature.
The U.S. Senate on Tuesday rejected a proposed bipartisan task force to reduce record budget deficits, but the White House said it was considering creating such a panel itself.
Financial and basic materials stocks closed lower on Tuesday, sending the S&P 500 Index, Nasdaq Composite Index, and Dow Jones Industrial Average into negative territory after posting gains earlier in the day.
U.S. tax authorities will soon demand that corporations reveal much more detailed financial information during audits, the top U.S. tax official said on Tuesday.
The U.S. budget deficit will remain at levels not seen since World War Two, congressional experts said on Tuesday in a report that lays out the stark challenge facing President Barack Obama as he seeks to create jobs and cut spending at the same time.
Afghanistan's neighbours met in Turkey on Tuesday seeking a single voice before a London conference to set a timetable for handing security over to Afghans and find ways to negotiate peace with the Taliban.
President Barack Obama on Monday said Federal Reserve Chairman Ben Bernanke has his strongest support and is doing a good job.
