Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, hopes to craft a compromise bill with lawmakers who want to open Federal Reserve monetary policy decisions to audits, a spokesman for Frank said on Saturday.
Federal Reserve chief Ben Bernanke was among hundreds of victims of an identity fraud ring that stole more than $2.1 million from consumers and financial institutions across the United States, Newsweek magazine reported on its website.
Larger-than-expected gains in U.S. housing prices and consumer confidence on Tuesday lent new weight to views that the economy is emerging from the longest recession since the 1930s.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.4 percent, pointing to a firmer start on Wall Street on Wednesday.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1-0.4 percent, pointing to a firmer start on Wall Street on Wednesday.
U.S. stocks rose on Tuesday as economic data and the renomination of Federal Reserve chief Ben Bernanke reassured investors and offset concerns about red ink in the federal budget.
Toronto's main stock index finished the session higher on Tuesday on strength in financial
shares after Bank of Montreal (BMO.TO) kicked off quarterly earnings results for Canada's big banks with a surprisingly strong performance.
U.S. President Barack Obama nominated Ben Bernanke as chairman of Federal Reserve to a second term on Tuesday.
Oil prices fell 3 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.
U.S. stocks rose on Tuesday as economic data and the renomination of Federal Reserve chief Ben Bernanke reassured investors and offset concerns about red ink in the federal budget.
U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the U.S. economy is breaking free from a deep recession.
Obama's Fed Pick; Dealers' Clunkers Reward; Investor's Big Fraud
U.S. stocks advanced on Tuesday as economic data and the reappointment of Federal Reserve chief Ben Bernanke strengthened expectations for a recovery and offset forecasts of federal budget red ink.
Oil prices sank 4 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.
Oil prices sank 3 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.
Stocks climbed on Tuesday, briefly hitting 2009 highs after strong housing and consumer confidence data, while Ben Bernanke's renomination as Fed chairman ended uncertainty about the central bank's leadership as the economy recovers.
Larger-than-expected improvements in U.S. housing prices and consumer confidence on Tuesday lent new weight to signs the economy is emerging from the longest and deepest recession since the 1930s.
Oil prices sank into negative territory on Tuesday as dealers took profits from a rally earlier in the day to a 10-month high.
U.S. stocks pushed ahead on Tuesday after strong housing and consumer confidence data briefly sent indexes to 2009 highs, and investors were relieved about Ben Bernanke's renomination as Fed chairman.
Oil prices sank into negative territory Tuesday as dealers took profits from a rally earlier in the day to 10-month highs.
Stocks gained on Tuesday but were off session highs, after strong housing and consumer confidence data and Ben Bernanke's renomination as Federal Reserve chairman cheered investors.
Oil hit $75 for the first time in 10 months on Tuesday, recouping earlier losses in line with equity markets on data that showed U.S. house prices climbed and consumer confidence rose to the strongest since May.