The number of people seeking state unemployment benefits fell for the second straight week, to the lowest level since May 2008, government data showed on Thursday, suggesting the labor market recovery is gaining momentum.
Stock index futures rose on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.
Stock index futures were higher on Thursday, following three days of market losses and ahead of a batch of data including industrial production, jobless claims and New York manufacturing.
Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
The U.S. Mint will not produce one dollar coins stamped with the faces of past U.S. Presidents according to the announcement by the Obama administration.
The bottom dropped out of gold prices Friday as technical supports collapsed, hedge fund managers turned holdings into cash and a surging dollar killed any vestige of physical demand.
European stocks fell on Wednesday as weak commodity prices sparked a selloff in the energy and materials sectors and as a falling euro and high Italian bond yields kept Europe's debt crisis in focus.
Stocks fell on Wednesday as weak commodity prices sparked a selloff in the energy and materials sectors and as a falling euro and high Italian bond yields kept Europe's debt crisis in focus.
Gold and silver assets were plunging dramatically Wednesday, with prices for bullion falling below their 200-day moving average for the first time since 2009 and shares of precious metals miners dropping hard.
Wall Street was set to open slightly lower on Wednesday with traders focused on a sliding euro and rising Italian bond yields as market anxiety over Europe persisted.
European shares fell on Wednesday at mid-day after the Federal Reserve warned that the Eurozone debt crisis was a risk to the U.S. economy and did not signal any fresh stimulus measures to boost growth.
Most Southeast Asian stock markets closed weaker on Wednesday in light trading volumes after the Federal Reserve warned that turmoil in Europe poses a big threat to the world's biggest economy.
Stock index futures fell in light Wednesday trading, pressured by a decline in the euro and by rising Italian bond yields.
Italian government bond yields eased on Wednesday after the country sold 3 billion euros of five-year debt in the first longer-term auction since the European Union took steps towards greater fiscal integration last week.
Gold prices fell for a third consecutive day Wednesday -- extending a weeklong plunge to more than 6 percent -- after the U.S. central bank warned that slowing global growth threatens the nation's weak recovery.
The top aftermarket NYSE losers on Tuesday were: Sequans Communications, IDT Corp, HyperDynamics, Getty Realty, U.S. Gold Corp, Penn Virginia Corp, Ivanhoe Mines, Manitowoc Co, Titan International and Calix.
Most Wall Street economists expect the Federal Reserve will undertake another major economic stimulus program, even though the U.S. central bank did not announce any new action at its policy meeting on Tuesday, according to a Reuters poll.
Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.
In a letter sent to the U.S. House of Representatives on Monday, the United States Conference of Catholic Bishops said lawmakers have a moral obligation to ensure unemployed Americans and their families are able to support themselves in an economy that has not been conductive to job growth.
Fed-watchers two decades ago had a hard time speculating what the central bank's decisions were because the Fed said relatively little about its monetary policy and allowed actions to speak for themselves. However, efficient markets do not like to be kept guessing.
The U.S. Mint will cut off mass production of presidential $1 coins, making just enough to meet demand for collectors, Vice President Joe Biden announced at a Cabinet meeting.
