U.S. stocks dropped on Wednesday on weaker-than-expected economic data, and energy and resource shares, led by Chevron, fell after the government reported a build-up in oil inventories, reflecting reduced demand.
Federal Reserve Chairman Ben Bernanke warned on Wednesday that rising U.S. debt was contributing to a spike in longer-term interest rates, and said now was the time to start working on reining in deficits.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday after data showed employers chopped more than half a million jobs in May, signaling conditions remained tough.
The world grouping OECD said on Friday the global economy was out of free fall, offering hope of recovery late this year, but investors focused on risks to the U.S. credit rating from rising government debt.
U.S. Federal Reserve Chairman Ben Bernanke told law school graduates on Friday that the recession-mired U.S. economy would recover and to remain optimistic about their job prospects.
Federal Reserve Chairman Ben Bernanke told law school graduates on Friday that the recession-mired U.S. economy would recover and to remain optimistic about their job prospects.
The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.
The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.
The Obama administration's budget chief said on Sunday there are signs that the free-fall in the economy seems to have halted.
If Federal Reserve officials think U.S. homeowners are having a tough time selling into a depressed market, just wait until they try to offload the mother of all jumbo mortgages: a $366 billion portfolio of real estate bonds that continues to grow.
For the few sane people who have been watching and recoiling with horror as Bernanke, Geithner and Bair implement their insidious rich get richer PPIP/TALF plan by relying exclusively on the AAA ratings of the very same rating agencies that were the primary cause of the current economic catastrophe
The remarkable spending on commodities out of China continues... this single country demand continues to make old sign posts useless.
Stocks pared gains on Tuesday as declines in financial and technology shares outweighed positive comments on the economy from Fed Chairman Ben Bernanke and efforts by Bank of America Corp to shore up its balance sheet.
Stock futures pointed to a higher open on Tuesday after positive comments on the economy and banks from Fed Chairman Ben Bernanke and news Bank of America sold its stake in a Chinese bank to help shore up its balance sheet.
Stock futures pointed to a flat to higher open on Tuesday as investors weighed Bank of America Corp's sale of a stake in a Chinese bank and Ford Motor Co signaled it would take advantage of a recent rally by selling stock to raise cash.
Oil prices fell for a second straight day on Tuesday to below $58 a barrel on weaker equities, consolidating after touching a six-month peak last week, as China disappointed markets with a sharp drop in April exports.
Oil prices fell for a second straight day on Tuesday, consolidating after touching a six-month peak last week, on weaker equities and a firm dollar.
Federal Reserve Chief Ben Bernanke on Monday said that the recently completed stress tests are not all that banks should do to keep track of their risks.
Stock index futures pointed to a fall of about 1 percent at the open on Monday as investors paused after a strong run and several major banks said they will issue nearly $7 billion in new stock.
Stock index futures fell about 1 percent on Monday as investors paused after a week when bank stress test results and optimism on the economy boosted the S&P 500 index into positive territory for the year and the Nasdaq closed out its ninth week of gains.
Stock index futures fell about 1 percent on Monday as investors paused after a week when bank stress test results and optimism on the economy boosted the S&P 500 index into positive territory for the year and the Nasdaq closed out its ninth week of gains.
The CEO of Bank of America Corp., Kenneth Lewis said on Friday the bank is able to raise the required capital to meet the requirements of the stress tests and that he plans to stay with the bank until the needs are met.
