Chinese Exchanges End Year with Gain
Hong Kong and Shanghai shares rose on Friday, achieving a second straight week of gains and managing to break above stubborn chart resistances on hopes of policy easing inChina and on stronger overseas markets.
BofA May Pay Employees in Shares, with Eye on Capital
Bank of America Corp (BAC.N) may give shares worth $1 billion to employees instead of cash as part of bonuses and hold back on dividend increases and buybacks, as the second-largest U.S. bank grasps for ways to boost its capital levels.
U.S. Economy Improves but Obstacles Remain
The number of Americans filing for new jobless benefits dropped to a near four-year low last week and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
U.S. Charges Chinese Man With N.Y. Fed Software Theft
U.S. prosecutors arrested a Chinese computer programmer on charges he stole software code valued at nearly $10 million from the Federal Reserve Bank of New York.
More news
BNY Mellon, Hybrid of the Finance World, Likely to Disappoint Wednesday
When the Bank of New York Mellon (NYSE:BK) reports its quarterly earnings Wednesday morning, the results will be a reflection of an institution at a crossroads. BNY, an industry player widely known for its dominance in the sleepy turf of trust banking, is trying to muscle its way into the more aggressive corners of Wall Street trading. Earnings could show what it's like when a bank occupies the worst of both those worlds of finance.
As Fed speaks more clearly, what will markets hear?
The Federal Reserve's latest push toward increased transparency has so far done more to muddle the outlook for interest rates than clarify it.
NY Manufacturing's Growth Rate Rose in Jan - Fed
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
Instant view: NY manufacturing growth accelerates in January
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
U.S. Home Prices Seen Flat in 2012, S-l-o-w-l-y Rising in 2013: Poll
The five-year slide in U.S. home prices will stop this year, followed by the start of a weak recovery next year, according to a Reuters poll that also showed economists split on whether the government would make new efforts to support the market.
Fed officials say not time to buy bonds now
Two top Federal Reserve officials, including a policy centrist, said on Friday the central bank should hold off buying more bonds to boost growth given a strengthening in the economy.
U.S. Dollar: Investors Complain About - But Still Hold - the Buck
These days, everyone in commerce and finance circles seems to complain about the dollar, but few institutional investors want to part with them.
Ron Paul 2012: A Rising Phenomenon
Paul has struck a chord among many of the electorate and may ultimately influence the policy direction of the Republican Party.
Bank Profit Reports Could Be Lifted by Biz Loans
A recent rise in loans to businesses is spurring hope that bank earnings reports, which begin Friday, will show that the outlook for this economically critical industry is better than its battered stock prices and weak investment banking volumes would suggest.
PIMCO'S Gross Says 'Demise' of Bond Fund Is Exaggerated
Bill Gross, the manager of the world's largest bond fund, said on Wednesday that the "demise" of PIMCO's flagship fund is exaggerated.
Fed officials at odds over policy path
Top Federal Reserve officials disagreed on Wednesday over how aggressive the central bank should be to spur faster growth and bring a lofty jobless rate down more quickly.
Fed Says U.S. Economy Is Expanding Moderately
The Federal Reserve said on Wednesday the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.
Federal Reserve: U.S. Economy Expanding at Moderate Pace
The Federal Reserve said on Wednesday the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.
Chicago Fed's Evans: Need to see better housing market
The president of the Chicago Federal Reserve Bank said on Wednesday that a more vibrant housing market will be necessary to boost home prices and provide a lift to the overall economy.
Fed should keep easy policy to boost economy: Evans
The U.S. Federal Reserve should stick to its super-easy monetary policy to fight unemployment and spur a painstakingly slow economic recovery, even if doing so pushes inflation temporarily higher, a top Fed official said on Wednesday.
Ron Paul 2012: Why New Hampshire Primary Voters Supported Him
While many Republicans have struggled to say why they support a given candidate, the Ron Paul supporters who filled a banquet hall in Manchester, N.H., on Tuesday were eager to talk in detail about his message.
Wall Street off 5-month high as energy drags
Stocks pulled back from five-month highs in early trading on Wednesday, with pressure on the euro testing the view that U.S. equities were decoupling from the single currency.
Ron Paul New Hampshire Primary Speech [FULL TEXT]
Texas Rep. Paul spoke with supporter in New Hampshire last night after placing second in the 2012 primary, behind former governor Mitt Romney. Read the full text of Paul's speech here, where he claimed victory for the cause of liberty and said his campaign was nipping at [Romney's] heels.
MetLife Quitting Home Mortgage Origination Business, Seeks to Limit Regulatory Oversight
MetLife Inc. (MET), the largest U.S. life insurer, said Tuesday that it's shutting down the business of originating residential mortgages, three months after the company said it would seek a buyer for the unit. Goldman Sachs upgraded MetLife to "buy" as the company scales back to meet targets for shareholder returns.
Fed officials signal more action may be needed
Federal Reserve officials on Tuesday signaled more help for the U.S. economy may be necessary despite recent data that suggested the recovery was picking up steam going into 2012.
Hint of Decoupling is Fueling ‘Risk-On’ Activity
One of the driving forces causing this decoupling to occur has been a growing string of strong economic data in the U.S.
Bank of Canada seen on hold until 2013
A deteriorating European with slower growth and the longer we go without economy and weak global growth will keep the Bank of Canada from raising rates for at least another year, though an interest rate cut looks highly unlikely, according to a Reuters survey.
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