President Barack Obama, concerned by voter anxiety over high unemployment, will use his State of the Union speech on Wednesday to reassure Americans worried about jobs and the economy, aides said.
The U.S. Senate looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
Easing the burden of people in the “sandwich” generation who must care for both their children and aging parents amid a struggling economy will be a key theme for President Barack Obama in his State of the Union address on Wednesday.
I won't stop fighting for you, he thundered in a campaign-style speech in economically sagging northeastern Ohio, remarks that provided a likely preview of the themes in his first State of the Union speech next Wednesday.
The Cayman Islands and other offshore money centers could become scapegoats unless regulation is stepped up on Wall Street's biggest banks to avert another potential financial crisis, a former IMF chief economist warned.
China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.
U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
The S&P 500 index is up 7.33 points or 0.67 percent in early afternoon trading. The basic materials sector leads the rally, with the Dow Jones U.S. Basic Materials Index is up 1.3 percent and the Dow Jones U.S. Oil & Gas Index up 1 percent.
The commander of NATO forces in Afghanistan said he hopes increased troop levels will weaken the Taliban enough for its leaders to accept a peace deal.
Oil prices slipped slightly on Monday to approach a one-month low near $74 a barrel on continuing signs of weak demand and concerns over a U.S. proposal to tighten bank trading rules.
Prime Minister Gordon Brown said on Monday he saw growing support for some form of international levy on banks to fund support for the industry.
Corrects city where Cisco CEO spoke in paragraph 11
U.S. President Barack Obama on Monday will propose a package of new initiatives aimed at helping middle-class families, including an expanded child-care tax credit and help with retirement savings.
Oil prices steadied below $75 a barrel on Monday, after slipping toward a one-month low on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
World stocks added to the previous week's fall on Monday, weighed down by Wall Street losses, uncertainty over U.S. bank plans and concern that Greece's debt crisis could spread.
President Barack Obama's proposals to split traditional banking activities from riskier areas will harm U.S. banks without international co-ordination, a prominent Swiss banker said in Monday's Financial Times.
Asian stocks fell on Monday after Wall Street's worst three-day slide in 10 months, but moved off intra-day lows as a gain in U.S. futures signaled New York markets could recover some of last week's losses.
Asian stocks fell on Monday after Wall Street suffered its worst three-day slide in 10 months, but losses were muted, and high-yielding currencies edged up as some investor appetite for riskier assets surfaced.
Gold prices recovered in Asian trade Monday as the dollar dropped, reviving demand for the precious metal as an alternative asset. Spot gold was seen trading at $1,099.81 an ounce at 12.00 noon Singapore time while February delivery in New York was at $1,099.20 an ounce at the same time. The precious metal, which touched an all-time high of $1,226.56 last month, slumped to a one-month low of $1,081.95 an ounce on Jan. 22.
Myanmar pro-democracy leader Aung San Suu Kyi will be freed when her house arrest ends in November, according to a government minister quoted by witnesses on Monday, but critics said that may be too late for this year's elections.
The yen and the U.S. dollar dipped on Monday while the euro and high-yielding currencies advanced, lifted by reports that Ben Bernanke was moving closer towards being confirmed for a second term as chairman of the Federal Reserve. Markets have been fretting since late last week over whether Bernanke would be approved for the job. [nN24141266]
